Category: Crypto Update

New Partnership Between DeCurret and KDDI to Examine Digital CurrencyNew Partnership Between DeCurret and KDDI to Examine Digital Currency

We have seen Japan excited about the digital currency. After the origin of cryptocurrency in the market, Japan is leading when it comes to crypto projects. One of the famous e-commerce giants in Japan Rakuten partnered with the East Japan Railway Company on June 5 to promote a digital payment system

Not only in crypto projects but also, Japanese are also joining multiple projects in other fields. According to the latest news in the crypto world, we are going to see a new partnership between the Japanese telecom giant KDDI and crypto exchange DeCurret. Moreover, for a real-world transaction of blockchain, au Financial Holdings and WebMoney will handle a joint project to test digital currency.

Talking about how KDDI will implement the test of digital currency?

When it comes to implementing the test, KDDI will firstly request WebMoney to issue and distribute digital currency. As au Financial Holdings is a joint partner with WebMoney, the company will manage the work together. In this test, DeCurret will play a lead role by offering a digital platform for both the issuance and management of the digital currency.

The joint-project, which runs from Feb. 18 to Feb. 28, is part of DeCurret’s efforts to increase the range of services on their platform. Eventually, they are going to utilize this platform by testing cryptocurrency for real-world transactions like those at cafes.

Since DeCurret launched in the month of April 2019, now it has come a long way in the digital world. Japan’s Financial Services Agency has given permission to its users to refill the country’s Suica transportation cards by using cryptocurrency. The agency has already provided the authority of crypto exchange.

Today Total Coin Market Cap Update February 15, 2020Today Total Coin Market Cap Update February 15, 2020

Currently we are at 300 billion dollars. Last time we reached 300 billion dollars market cap was in August 2019.

So after 5 months, we are again at the same point.

We have resistance around 304 billion dollar and if we close above that then we can visit 340-350 billion dollar area which clearly indicates that BTC will go up and alts can also go up with BTC.

In last update, I informed you about the golden Cross over on Total market cap and it is confirmed now. So this is also a bullish sign.

The best part is- New money is entering the market and so alts are also moving with BTC.

Enterprise Salesforce and Samsung Funded For the Beginning of New Blockchain Technology DAMLEnterprise Salesforce and Samsung Funded For the Beginning of New Blockchain Technology DAML

The Digital Asset ends up its first event of Series C in the month of December 2019. The important asset of this event was to gather a fund of almost $35 million. After the great success of the first event, they decided to organize the 2nd Series event soon.

Some of the biggest enterprises like Salesforce and Samsung also decided to participate in a second Series C funding event for a startup called Digital Asset.

It is assumed the funds raised will be utilized in the development of DAML across multiple industries. Co-Founder and CEO Yuvol Rooz of Digital Assist appreciate Salesforce and Samsung for supporting their Series C financially. He was happy to see that technology Giants were able to justify the potential of DAML.

DAML is able to set a standard for smart contracts

Digital Asset launched its new product in the field of blockchain in April 2019. The software is named as Digital Asset Modeling Language or DAML. As it was an open-source program, DAML performs a smart contract coding, although it differs in terms of private execution.

Digital Asset is a reputed firm known for providing high tech business solutions. Their aim is to help the client with various technologies so that they can easily figure out various challenges in the business. The main focus is to replace the bequest Clearing House Electronic Subregister System (CHESS) platform, which has been carrying out for around 25 years.

DAML is presently supporting firms like Hyperledger Fabric, Hyperledger Sawtooth, Corda, VMWare Blockchain, and Amazon’s Quasi-blockchain QLDB as well as Aurora.

According to the recent announcement Susan Hauser joins Digital Asset’s board of directors. He has served as a corporate Vice President for about 28 years at Microsoft.

In his speech, we heard many industries are going to see the adoption of smart contracts and languages like DAML in the upcoming digital scenario.

Cambodian National Bank Will Launch a Digital Payment Network This QuarterCambodian National Bank Will Launch a Digital Payment Network This Quarter

The National Bank of Cambodia announced to introduce a new digital currency in the market called Bakong. Through this digital currency, the users can create a Bakong wallet that will be automatically linked to their bank accounts. This digital currency will allow currency exchange into the new CBDC. The National Bank of Cambodia will trace the payment transaction made within this platform. It is going to bring a vast change in Cambodia’s financial system.

Well! It is hard to predict the exact date of launch but as per the source, this cryptocurrency solution will coming soon. As compared to other payment methods, Bakong is cheaper and more convenient. Till date, we can say CBDC is a more efficient method of online transaction in this digital world. This amazing software is designed by the Japanese blockchain company Soramitsu. It is developed to deal with each and every currency including cryptocurrency.

CBDC gonna play an important role for crypto lovers. Bakong will offer great platform users in the payment domain in Cambodia. It is easy for end-users to pay each other regardless of the organizations. Initially, it is designed for domestic payments in Cambodia. However, NBC plans to integrate a cross-border payments facility.

Quasi-form CBDC can easily be used from mobile devices. Bakong is a closed system that’s funded by banking governments. It is an initiative taken to support the government in the role of implementing a QR based transaction in the country. It has provided a secure platform for the users to connect and have an easy transfer of currency. The payment wallet is linked to an individual bank account so that they can have easy commerce with hard currency.

Cambodia’s government had previously published laws for a cryptocurrency business license. You will get the services of CBDC throughout the country very soon.

Launching Bitcoin ETFs Could Burst the Bitcoin Floodgates – StudyLaunching Bitcoin ETFs Could Burst the Bitcoin Floodgates – Study

A new survey has found that financial advisors in the U.S. would be keen to put their clients’ money into cryptocurrency exchange-traded funds (ETFs) – hinting that should Bitcoin ETFs become easily available, widespread BTC adoption could follow.

he findings come from a study entitled “The 2020 Benchmark Survey of Financial Advisor Attitudes Toward Cryptoassets,” compiled by fund operator Bitwise and media outlet ETF Trends.

According to the company that is unsuccesfully trying to launch its own Bitcoin ETF, these results were consistent with last year’s survey, although the percentage of advisors with a preference for an ETF somewhat increased year over year, up from 62% to 65%.

Also, 37% of advisors stated that “the launch of a Bitcoin ETF” would be “a key factor” that would make them “more comfortable” with the idea of investing in Bitcoin. But first, they need better regulation, better custodial solutions, and better education.

However, some crypto industry players opined that waiting around for regulators to decide what to do about Bitcoin ETFs displays a possible lack of proactive impetus from advisors.

With spread betting, you choose the bid price if you think the market for a given cryptocurrency will rise or opt for the ask price if you think that cryptocurrency’s market will fall. Spread betting also includes leverage, going short or long, and tax benefits. There are also numerous markets available for spread betting in addition to cryptocurrency and stocks.

The findings come less than a year after Bitwise’s senior management made similar claims, stating that as “half the money in the United States is managed by financial advisors,” winning advisors’ confidence could be a watershed moment for Bitcoin.

Also, the authors noted that “some legacy concerns about crypto” are “continuing to fade from view.” Only 6% of advisors believe that cryptocurrencies are a scam,” down from 11% last year. And 13% thought that “cryptocurrencies are in a bubble,” a drop from 2019’s figure of 19%.