The top news in the last 24 hours are shown below:
Analyst Discovers That The ‘XRP Army’ is a Bunch of Bots
Ripple Labs, along with XRP, the digital currency associated with the company, are both very controversial and have the power to turn even the most civil conversations into a brawl. Many involved in the crypto community know that when a person says something disparaging regarding XRP or Ripple, they are likely to be swarmed by an army of those who support the cryptocurrency.
Pompliano: Next Bull Run Will Be Bigger Than Ever Before, Trillions Will Come
Anthony Pompliano, host of the Off the Chain podcast, is bullish on crypto. He ended a recent post with the pronouncement that, “the next bull market will be bigger than anything we have ever seen before.” While it’s always great to hear about bullish news in the crypto space, Anthony had more on his mind than just prices. In the post, he laid out his vision of how traditional finance will enter the area and, most interestingly, how institutional investors will have to conform themselves to crypto standards if they want to succeed.
IBM Signs 6 Banks to Issue Stablecoins and Use XLM on Stellar’s Blockchain
Earlier today, IBM officially revealed the launch of its ambitious project ”IBM Blockchain World Wire”. Specifically, World Wire is a payment network which utilizes the Stellar blockchain. Moreover, this network aims to facilitate cross-border transactions for regulated institutions. Six banks have already signed letters of intent to issue stablecoins.
Biggest Online Retailer In Switzerland Accepts Bitcoin Among Other Cryptocurrencies
Digitec Galaxus AG is the biggest online retailer in Switzerland and starts to offer a payment alternative for its clients. It is now possible to pay with cryptocurrencies. Cryptocurrencies and blockchain make their way into more and more industries. Cryptos become a more significant part of our financial sector with companies such as Fidelity, JP Morgan, Bakkt among others.
South Korea’s Biggest Messaging Platform KakaoTalk Plans a Crypto Wallet Integration
KakaoTalk wants to leverage blockchain-based crypto transactions providing instant and low-cost payments facility to its 44 million users. On Monday, March 18, local news publication fnnews reported that KakaoTalk plans to bring crypto wallet services to its 44 million users. Thus, it will allow users to send instant peer-to-peer transactions through Kakao’s crypto-powered wallet.
Bitmain Releases Equihash Miner 3x More Powerful Than Its Predecessor
Bitmain, the Beijing-headquartered cryptocurrency mining giant, has officially released the Antminer Z11 machine on Tuesday, March 19. The new device is designed to mine coins that are based on the Equihash proof-of-work algorithm such as the privacy-focused altcoin ZCash (ZEC).
Colorado: Bipartisan Bill Proposes Study of Blockchain in Agriculture
The official Colorado legislation portal reveals that a bipartisan bill proposing a study of blockchain use in agriculture has been introduced on March 15. The bill, jointly filed by four Colorado representative and senators, proposes that the commissioner of the department of agriculture should assemble an advisory group to study blockchain application in the industry. The document also specifies some potential use cases that should be reviewed, including end product tracking, inventory management and monitoring of in-field conditions.
Local Media: Qatar Telecommunications Giant Ooredoo Launches Blockchain Initiative
Qatar-based telecommunications giant Ooredoo Group has launched a blockchain initiative, English-language local media The Peninsular Qatar reports on March 18. Per the report, the company already collaborates with entities in the private, public and academic spaces to develop blockchain solutions. Ooredoo Group CEO Sheikh Saud bin Nasser Al Thani is quoted in the article as stating that “blockchain will facilitate new digital business models and revenue in the next five years.”
CoinMarketCap Introduces New Metrics for Crypto Fundamentals
Cryptocurrency market data platform CoinMarketCap has added a new metric to their site for measuring the fundamentals of cryptocurrency projects. The new rating system dubbed the Fundamental Crypto Asset Score (FCAS) measures cryptocurrency projects “health” by considering user activity, developer behavior, and market maturity. Basically, the service provides insight into the growth and development of a project:
“We intake raw blockchain data across relevant projects and parse them internally. Once we clean, analyze, and recreate the raw data elements, we combine them with market data gathered from various sources to inform our models.”
Japan Introduces New Regulations for Cryptocurrency Margin Trading
Japanese financial regulators have reportedly introduced new regulations for cryptocurrency margin trading, local news agency Nikkei reported on March 18. The Cabinet of Japan, the executive branch of the country’s government, has reportedly approved draft amendments to Japan’s financial instruments and payment services laws, limiting leverage in cryptocurrency margin trading at two to four times the initial deposit.
TNW: Craig Wright Filed 114 Blockchain-Related Patents Since 2017
Craig Wright, an Australian computer scientist who has sometimes claimed to be Bitcoin (BTC) creator Satoshi Nakamoto, has reportedly applied for a slew of blockchain-related patents since 2017. Tech news site The Next Web (TNW) published its research regarding Wright’s patent filings on March 18.
Québécois Regulator Calls for Investors in Non-Compliant Blockchain Firm to Come Forward
Québec’s financial markets regulator has asked investors in the firm Laboratoire Blockchain to come forward, now that the firm and associated individuals face a sweep of injunctive orders over their alleged violations of securities laws. The appeal was made in an official statement published on March 18.
New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially Suspicious
Almost 90 percent of cryptocurrency exchanges’ reported trade volumes may be incorrect, new research from trading analytics platform The Tie warned in a digest released on March 18. Reporting on figures gathered from 97 exchanges, researchers found that the vast majority of the volume claimed to come from users may not in fact exist.