Cryptocurrencies are probably always on a roller-coaster ride. Bitcoin hit close to $20,000 in late December 2017 and memes about a missed chanceat becoming an overnight millionaire got circulated on social media. It lost over half of its value in no time and graduallyit again shot up to over $15,000. …
Read More »Expansion in blockchain ambitions at LG
Blockchain initiatives may get expanded by the South Korean electronics conglomerate, LG. A Trademark application got filed by the firm on July 2nd that described an electronic wallet which may contain capability for cryptocurrency. An announcement was also made by the firm’s IT subsidiary, LG CNS which said that it …
Read More »Blockchain-based banking platform to be built by RBI
According to sources, a blockchain-empowered banking platform is to be built by the Reserve Bank of India (RBI). This platform will be for the use of bank officials only. Reports suggests that this launch will take place in and around 2020 and it will be designed to serve public as …
Read More »A Model Platform for Blockchain Apps is being build by RBI’s arm
According to reports, A supervising unit had been set up by India’s Central Bank Reserve Bank of India in August last year to oversee its efforts in emerging technologies including blockchain, cryptocurrency and Artificial Intelligence (AI). Though RBI denied the reports then but this year in April an announcement was …
Read More »“WhatsApping The Money”: An idea generated for the NRI’s sending money back home to their friends and family
India is one of the top receivers of remittances after it has set a record of sending $80 billion back in the hometown in the year 2018 and this fact being considered, WhatsApp, an end to end encrypted texting platform, has plans to target that market through a launch of …
Read More »Facebook plans its own cryptocurrency for WhatsApp
Few of the top online messaging/social media platforms are now expecting to win those battles that the cryptocurrency start-ups lost simply by introducing the mainstream consumers to the territory of digital coins. The internet-based chit-chat applications/websites are planning to develop new cryptocurrencies within a span of a year or …
Read More »Cryptocurrency Wallet to become a threat as it sends confidential info to Google spellchecker
The Coinomi wallet app has become a threat to all its users as it exposes users account detail to man-in-the-middle (MitM) attacks during which attackers can log passwords and later empty accounts. It happens when the app sends user passwords to Google’s Spellchecking service in clear text. An Oman-based programmer …
Read More »A span of 4 weeks given by the Supreme Court of India to bring in Cryptocurrency Policy
The Union of India has been directed to come up with a cryptocurrency regulatory policy in the next four weeks by the Supreme Court of India. In fact, the Court has refused to hear any party pertaining to the long-pending cryptocurrency cases in the country. It has also been …
Read More »NOW BLOCKCHAIN PAYMENT NETWORK TO BE INITIATED BY THE WORLD FIFTH-LARGEST BANK IN 2020
According to a press release published on Feb a launch of new blockchain-based payment system has been announced by Japan’s Mitsubishi UFJ Financial Group (MUFG). United States content delivery network Akamai partners with the world fifth-largest bank to work on the project aiming to launch in H1 2010. MUFG’s payment industry is aimed to …
Read More »Major Trends Witnessed this year in Fintech
The Fintech sector is known for its fast-paced and dynamic nature.Every year, the sector maintains its financial edge by incorporating some of the most cutting-edge approaches and vigorously changes itself in the due process. The year 2018 hasn’t been much different for the Fintech sector. Here are some major …
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