Tag: Cryptocurrency

Facebook Modifying Libra to Offer More Inclusive Digital Wallet ExperienceFacebook Modifying Libra to Offer More Inclusive Digital Wallet Experience

Facebook is coming with lots of new features and algorithms to give a safe and decent user experience. They have decided to modify its new plan of the cryptocurrency Libra in the year 2020.

With the thought of transforming the global economy with the digital currency, the social media giant introduced Libra last year. Their assumption was that the cryptocurrency would be a simple global currency. But the regulators shortly took notice and found the company had to offer more questions than answers as to what the digital currency would be.

Although Libra is still getting good responses, Facebook has decided to propose government-issued currencies like dollars and euros to support its own token. The action seems to be a way to appease reluctant regulators and gain additional support for the plan, still scheduled for a Q4 rollout. After the announcement, several countries have explored minting a digital currency, including Japan, China, and England. 

China launched its digital currency by name E Yuan. Visit the Yuan Pay Group – Official Trading Site to know more about the currency and how it is traded using the app. The app is performing at its peak and the daily ROI is hitting 60%. The good news is the Yuan Pay App is absolutely free.

The Launch of new digital wallet “Calibra”

In the recent report issued by Bloomberg, they are going to launch a new company’s digital wallet called Calibra which will carry both crypto and stated-issued currencies.

With the motto of redesigning and rescaling digital wallet features, Facebook is expecting to circulate both Calibra and Libra at the same time, tentatively in the month of October. The users of Colibra cryptocurrency will be able to send and receive money in the form of fiat currency.

Approximately, two billion individuals around the globe use Facebook. Introducing a wallet by including central bank currencies forms makes it workable for anybody to utilize Calibra as an increasingly customary payment system. Any users with Messenger or WhatsApp will be able to send funds across the globe with a single touch.

After the announcement of Libra, some of the corporations oppose the plan:

Moreover, Facebook launched Libra with an aim to transform the global economy with a digital currency. With the broad ambition and plan, it left lawmakers and regulators a question about it. There were lots of unanswered questions raised with the beginning of cryptocurrency.

  • Officials in the United States recommend the company to go for the existing cryptocurrencies like Bitcoin rather than developing its own. Refer https://kryptoszene.de/bitcoin-robot/immediate-edge/ to learn about how bitcoin is traded autonomously. .
  • Other corporations suggested including stable coins into the basket of the digital wallet to avoid undermining the sovereignty of central bank currencies.
  • The Lawmakers in Germany and France were in the opposition of accepting the cryptocurrency Libra into the EU.
  • Regardless of so much opposition of the Libra, Switzerland corporation supported Libra claiming the currency “fits perfectly into our payment system.”

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.

Latest Cryptocurrency News: Golden Cross on BTC is Confirmed Now?Latest Cryptocurrency News: Golden Cross on BTC is Confirmed Now?

So far BTC is respecting 9500-9600 Weekly Support Zone.

Which is good but until we see good volume push towards upside – Trade carefully.

Took at new long from 9635 Zone

Tether 24 hr volume keeps on Rising

Crazy Fact –

Tether Circulating supply : 4.6 Billion
24 Hr Volume : 61.7 Billion

thats 12x of circulating supply – This has never happened before.

Here is a good news for you people-

The golden Cross on BTC is confirmed now and chances are high that BTC will make a good move sooner or later.

If everything goes right, soon we will be seeing 10400 coming and when Bull cross happens in bull market, then its a clear indication to buy the dips.

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.