Ripple reported positive results from multiple early pilots for its on-demand liquidity product, the company announced in a press release. The xRapid solution uses Ripple’s XRP for cross-border transactions between financial institutions. Through tests of xRapid, financial institutions saw a savings between 40 and 70...
The Winklevoss twins have won a patent to help settle exchange traded products (ETPs) involving digital currencies through their company, CoinDesk reported. In a patent published by the U.S. Patent and Trademark Office, Winklevoss IP detailed a way to make transactions for ETPs that hold digital...
Xapo, the startup that stores bitcoin purchases for millionaires and billionaires in underground vaults, is housing around $10 billion worth of the digital token. Bloomberg reported that the startup holds about 7 percent of the global supply of bitcoin, giving it more so-called deposits than 98...
The decline in the price of bitcoin over most of this year to date might be related to the launch of cryptocurrency derivatives, Yahoo! Finance reported. In the middle of December, when bitcoin reached its peak, the Chicago Mercantile Exchange started to allow the trading...
Bill Gates would bet against bitcoin if there was a simple way to do so, CNBC reported. “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up,” Gates said. “It’s kind of a pure ‘greater fool theory’ type...
Crypto, now for use in the offline world? In ways that involve physical notes — the ones you (gasp) keep at the ready, poised to hand to merchants? Friday brought the news that bitcoin has made inroads into the tangible realm. To be specific: bitcoin...
A Russian state-owned fund is trying to attract investment to the tundra and swamps of Siberia through a digital token sale backed by Siberian diamonds. According to The Financial Times, the plan will start a trial this month, where investors can buy a share in...
Oscar Meyer is facing a potential problem with a bacon-backed cryptocurrency dubbed “Bacoin” that it promoted: Someone else might have come up with the idea first, Motherboard reported. Kirk Steele claims that he came up with the idea for a digital currency that is backed...
An agreement for peace between North and South Korea was stored in the blockchain by a South Korean developer, CoinDesk reported. Ryu Gi-hyeok recorded the Panmunjom Declaration on the Ethereum blockchain. The declaration said that “there will be no more war on the Korean peninsula.”...
