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Showing posts from June, 2018

Can Ripple's cross-border payment blockchain technology be on the international stage?

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You may have heard about the ripple xrp latest news   that o n June 28, Kotak Mahindra, India’s leading private bank, announced its cooperation with Ripple to improve the Bank’s cross-border remittance business. They plan to deploy the xCurrent blockchain settlement solution, which will reduce remittance payment time to within a few minutes. Kotak's market capitalization is even greater than that of Yes Bank & Axis Bank, which previously partnered with RippleNet. And Deepak Sharma, the Chief Digital Officer at Kotak Mahindra Bank said: “We employ new technologies to simplify and strengthen our banking services for our customers. And xCurrent meets all needs and enables us to use blockchain technology to provide customers with more transparent and efficient global payment services. Joining RippleNet also expands our global payment network so that we can connect with other members.” So far, more than 25 financial institutions around the world, including the famous Br

These signals indicate the big bull market is coming

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The entire cryptocurrency market in 2018 was not optimistic. In the first quarter of 2018, the cryptocurrency market suffered heavy losses. Since the beginning of January, total market value has dropped by 59%. The market in the second quarter was also sluggish. The entire crypto currency market screams, and now the bull market which we have looking forward to half a year has been wiped out as it continuously bottom out. What is the signal of the bull market? I think there must be only one condition for the opening of the bull market, that is money! First, by analyzing the current market conditions, our market investors have been numb to good news. such as: 1.  The mainnet of TRON was starts on June 25. The Foundation will burn 1 billion TRX (worth US$50 million) to celebrate the original independence of the battlefield. However, the TRX price is as stable as moutain Tai, there is no sign of any increase. 2. The EOS main network has a total of 189 projects, which a

What happens when digital advertising encounters blockchain technology?

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With the rapid development of blockchain technology, the world has entered the "blockchain +" era, what is "blockchain +"?  Simply speaking, it is the integration of blockchain technology with other technologies, or the application of blockchain technology in other industries. For example, ripple ( xrp ) in the cross-border payment industry, waves ( waves ) in the smart logistics industry, waykichain ( wicc ) in sports competition guess, etc. So what happens when digital advertising encounters blockchain technology? Let's take a look. 1.  The current major problems with digital advertising: 1.1 From the perspective of the user A. Nowadays, many users are passively receiving advertisements that they do not like, resulting in rejection of advertisements, and even using some software to block advertisements; B.  The privacy data of users is collected and controlled by large enterprises. It does not have its own privacy rights and there are securi

What is an ICO? Is it smart to invest in an ICO?

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ICO is an abbreviation for Initial Coin Offering. It is a method of raising funds for blockchain projects. Instead of issuing company equity, it is used to issue digital currency of blockchain projects. The digital currency, usually Bitcoin or Ethereum. For  example , if I would like to do a "decentralized notary office" project based on blockchain technology today  and I think this project will have a bright future. So, I organized a team, but how to do it without money? In the past, we had to go through a complicated evaluation process to identify the feasibility of the project through a variety of indicators. At the end, only a small number of projects got money from angel investment and venture capital (VC). If you want to raise funds in the stock market, it will be more complicated. You need to strictly regulate your business behavior, provide a lot of reports, and even the chief responsible person must assume certain legal responsibilities to prevent yo

Blockchain redefined cross-border remittances as it only takes 3 seconds from HK to the Philippines

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When it comes to cross-border remittance or payments, we must first think of Ripple , of which the cross-boarder remittance based on cryptocurrency- xrp . With its characteristics of “ fast, low cost, and reliable technology ” , ripple  has achieved very good results in the financial industry, especially cross-border payment. But the financial industry  is a big and spectacular pie. It can't be swallowed by ripple. So except  ripple, there are many other blockchain technologies that are coveting  this pie, such as the Ant Financial   which is not based on cryptocurrency and  we are talking about today. On June 25th, the world ’ s first blockchain-based e-wallet cross-border remittance service was launched in Hong Kong. Users of Hong Kong version  of  Alipay -  AlipayHK can transfer funds to Philippine wallet Gcash via blockchain technology. This means that the application scene of the blockchain ushered in new breakthroughs. The first remittance was completed by Grac

Does Tether finally get rid of the controversy over the dollar reserves?

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After nearly six months of tearing off with the auditors, Tether cryptocurrency  finally published a third-party report, Transparency Update, which claimed that the tether (usdt) was fully supported by the US dollar and made some additional detailed explanations. For several months, Tether ’ s dollar reserves have been controversial. Critics on the Internet claimed that the company issued more tokens than its dollar reserves at the bank — an act that is essentially printing money. Tether has always denied this, but there is no conclusive evidence that it was issued at 1:1. until last Wednesday , a  large three-party report was published to update its transparency. However, this report may not allow this controversy to settle, because its disclaimer is too long, but the substance is very limited, t here are three main doubts : 1.  The report is not an audit The report was written by a law firm called Freeh Sporkin & Sullivan, LLP (FSS). This is clearly not an acco

2018 World Cup Game-Blockchian Lottery Failed

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As early as May 13th, there were investors in the waykichain community bluntly: waykichain has prepared so long, but fell in front of the World Cup. In December 2017, Waykichain issued it’s token - WICC , and the issue price is 2 yuan. The issue price of the WICC issued in December 2017 was RMB 2. With the selling point of sports lottery, WICC price reached RMB 17 ( the highest peak) on May 6. The team of waykichain has done a lot of work, but in the past 46 days, the market value of waykichain has shrunk by 75%, which goes against the fiery market. According to common sense, during the World Cup, anything related to  the World Cup will be popular , but only WICC, the world up-themed blockchain not. And even worse, wicc price collapsed during the World Cup. Why did this happen? 1.  Token lottery  is completely invalid at the present stage Why I’m saying that? I’ll explain it with a simple example. You purchased 13 WICCs (RMB100) on June 12 and put the WICCs in

0x, a potential cryptocurrency keep growing in the 2018 downtrend

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At the beginning of 2018, many crypto currencies reached the highest price, but since the middle of January, market prices have started to fall, and so far it has risen slightly, but it cannot be fully restored.  However, even in this downward trend, there are currencies that continue to grow. The most typical among them is 0x . In the past ten years, the wealth of the Internet era has been concentrated in the application layer. Companies such as Google, Amazon, Ali, Tencent and Baidu have not obtained much wealth in the protocol layer.  The blockchain era and the Internet age now have different characteristics. Most of the value is concentrated in the protocol layer, such as Ethereum, Qtum , EOS, and of course 0x, the leading role of today. 0x ( ZRX ) is an open, unprivileged protocol that allows ERC 20 tokens to be traded on Ethereum blockchains.  At the beginning of this year, ZRX's trading price was more than 1 US dollar. However, in the second half of the month, p

2018 World Cup+Block chain, the Traditional Lottery Industry Will be Subverted?

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The World Cup in 2018 has already started. This fantastic football match, which is held every four years, attracted a large number of football fans once again. The biggest highlight of this year's World Cup is the participation of blockchain. As we all know that with the arrival of the event, the guessing project is definitely indispensable. Since all industries are now applying Blockchain technology for development, such as ripple applied in financial industry, golem-the B&B in the computer industry, waves in the smart logistics and so on, therefore, the lottery industry can't lag behind. It also uses blockchain technology for it’s future development. As all industries are doing blockchains, such as the ripple blockchain  in financial industry, Golem project -  a B&B in the computer industry, waves  platform  in smart logistics and so on,  so the lottery  industry can not lag behind, but also use the blockchain technology.  So what are the lottery projec