Author: Anna Galvez

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Crypto News

Bloomberg Launches The “Bloombers Galaxy Crypto Index” In Partnership With Galaxy Digital Capital Management

Bloomberg, the global financial news leader, announced the launch of a cryptocurrency market capitalization index (Bloomberg Galaxy Crypto Index) upon its partnership with the newly formed cryptocurrency management firm, Galaxy Digital Capital Management LP, founded by well-known Wall Street trader Mike Novogratz.

The launch was announced by the same media group yesterday, where it was confirmed that the index is designed to track the performance and information of 10 crypto coins that are among the most traded in the cryptocurrencies market, which will be represented by their values in U.S. dollars and weighted by their market capitalization.

The initiative will be called the Bloomberg Galaxy Crypto Index, under the acronym BGCI, which is directly owned by Bloomberg and Novogratz’s firms, stating that they will manage the platform under a methodology based on rules and data from proven sources by specialists from both companies.

Bloomberg Galaxy Cryptocurrencies Index will quote Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), among others

Among the cryptocurrencies to be quoted in this index, there are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Monero (XMR), Litecoin (LTC), Zcash (ZEC), Dash (DASH), and Bitcoin Cash (BCH), which will be diversified into different categories depending on their function as digital assets.

In this way, the index will provide information on data, pricing, analysis, distribution, exchange facilities, smart contract protocols, and privacy-focused aspects.

Both companies stressed that the main objective of the Bloomberg Galaxy Crypto Index is to provide a service to investors that will facilitate the exposure of the cryptocurrencies market in a more diversified manner, thus providing a more transparent and institutional benchmarking.

Alan Campbell, global product manager at Bloomberg, said that the launch of this platform demonstrates the growing interest of investors in the cryptocurrencies, as well as the development and impact of this ecosystem on more traditional finance:

[Yesterday’s] launch of the Bloomberg Galaxy Crypto Index reflects our customers’ growing interest in cryptos. The index takes our rigorous approach to building cryptomarket indices and will provide investors with a transparent benchmark to measure the performance of a broader market.

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Crypto Tech

Sirin Labs Finney – The First Smartphone Based On Blockchain Technology Will Be Released Soon

A few weeks ago it has been announced the first smartphone based on blockchain technology, the very basis for the cryptocurrencies market. This means that this could the safest mobile phone on the market. Thanks to this, we will be able to use it as a cryptocurrency wallet.

The phone is the creation of the Sirin Labs and now we have the complete technical specifications for the first smartphone based on blockchain technology.

“Sirin Labs Finney” is the name of the handset which will be one of the most secure cryptocurrency wallets in the world, that of course, besides being a smartphone.

According to Sirin Labs, which has released the phone’s specs, the new smartphone based on blockchain technology will boast a 6-inch display with an 18:9 aspect ratio, although the resolution is unknown.

The first smartphone based on blockchain technology has some really high-end under the hood components

The phone’s processor will be the most powerful and fastest of the moment, Snapdragon 845, which for example also equips the Samsung Galaxy S9 and S9 Plus in its North American version.

The CPU will be backed up by 6GB of RAM and 128GB of internal storage expandable by microSD, of course.

The main camera will boast a single 12MP sensor with f/1.8 aperture, while the selfies camera will have 8MP and will come with an aperture of f/2.2.

Besides, the phone will come with the most secure fingerprint sensor ever, will run Android 8.1 Oreo, and will be water and dust resistant.

It will undoubtedly be the most secure mobile phone on the market, as it is designed to be a cryptocurrency wallet above all to keep your crypto coins safe. Most importantly, it will save us from having to pay for using third parties in cryptocurrency transactions.

It is expected that Sirin Labs Finney, the first smartphone based on blockchain technology, is expected to be sold at around $1,000.

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Crypto Finance

Australian Government Allocated About $500K USD To Explore Ways Of Applying The Blockchain Technology

The Australian Government published the budget document for the period 2018-2019, which states that it would allocate some 700,000 Australian dollars (equivalent to about $521,000 USD) to the Digital Transformation Agency to explore ways of applying blockchain technology in government services.

The budget plan document, which reports on the allocation of financial resources for the study of the blockchain, was released on Tuesday on an official website of the Australian government. The plan was proposed by Deputy Scott Morrison, Treasurer of the Commonwealth of Australia and Senator Mathias Cormann, Minister of Finance of the Commonwealth of Australia.

In the “Digital Future of Australia – Blockchain” section of the document, it is specified that the money will be allocated to the Digital Transformation Agency, which is responsible for making it easier for people to deal with the government and helping the government to transform services to make them simpler, clearer and faster.

The Government will provide $0.7 million in 2018-19 to the Digital Transformation Agency to investigate areas where blockchain technology could offer the greatest value for government services.

Australian Government

In the document, it was also indicated that these financial resources will be obtained from the existing methods and activities of the agency.

The Australian government is not at its first attempt to implement blockchain technology

Essentially, the purpose of the budget allocation is to drive research and exploration into blockchain technology and the ways in which it can be used to optimize government’s services, simplifying them and making them faster.

The country has also been characterized by a relatively open stance to the use of such technology and even to the adoption of cryptocurrencies. Despite this money allocation, other sectors of the Australian government have previously ventured into the use of blockchain in some areas.

Such is the case of the Australian House of Representatives and Tax Office (ATO) executives who at the end of last year were discussing the potential of technology in tax collection. Moreover, in November 2017, the Australian government announced funding of $6 million USD for an energy and water distribution project, also powered by blockchain technology.

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Crypto

Ripple (XRP): Ripple Team Announces The Launch Of Rippled 1.0.0

Nik Bougalis, a leading developer for the Ripple team, announced the launch of Rippled 1.0.0, with Rippled being how the Ripple devs call the core server of the Ripple (XRP) P2P network.

On Github, the regular Rippled GitHub has been established yesterday to the version 1.0.0 rc1 (Release Candidate 1), which means that the product is “going silver”, meaning that XRP Ledger is getting closer to become introduced in the market as it goes out of its beta testing stage.

As for the Rippled 1.0.0 release date, Nik Bougalis tweeted:

The software is a bit like a soufflé. You can’t rush it. It’s ready when it’s ready. With that said. I think this particular soufflé will be coming out of the oven soon.

Rippled 1.0.0 is rumored to be launched during the Ripple (XRP) Community Night

It could mean the software is prepared for a non-beta version, turning it into a market product and elevating the adoption levels to new heights. The Rippled server is the core of the XRP Ledger, however, and developments in the performance and refinement of Rippled might make the Ripple (XRP) crypto more reliable, straightforward, and more performing.

This announcement also comes in addition to another milestone in the Ripple community, as on May 15th Ripple’s will host its renowned community event, the XRP Community Night, which will feature the famous US rapper Snoop Dogg as a VIP guest.

Some Ripple (XRP) enthusiasts were quick to make a connection between the two happy events for the XRP community and some even voiced that Snoop Dogg will inaugurate the official launch of Rippled 1.0.0.

Ripple (XRP) price

At the moment of this article, XRP trades at $0.80, after declining by 1.20% in the last 24 hours. Yesterday, XRP closed at $0.81. In fact, the crypto token is continuously declining since May 5th when XRP closed at $0.90, its biggest closing value in more than 2 weeks.

At the moment, Ripple (XRP) is on the 3rd place in the cryptocurrencies market.

In short, Rippled 1.0.0 launch might induce the long-awaited boost in XRP price that Ripple’s token needs to recover at its value against the USD of before the massive crypto market correction of the beginning of this year.

Categories
Crypto

Cardano (ADA) Has Been Integrated Into Metaps Plus South Korean Mobile Payments Platform

One of South Korea’s most important mobile payment platforms, Metaps Plus, will now support Cardano (ADA) as a payment method. Metaps Plus is renowned for being the first example in Asia of cryptocurrency acceptance on a mobile payment platform.

This South Korean company is continuously aiming at the development and establishment of the appropriate infrastructures to support the implementation of cryptocurrencies in a variety of digital platforms and mobile apps. The announcement of Cardano (ADA) integration was pronounced by KEN Kodama, Cardano’s Emurgo CEO, and it was called a very important even for ADA’s stability and growth in its race towards the top of the cryptocurrencies market.

Besides, integration of Cardano (ADA) into Metaps Plus mobile payment platform helps South Korean crypto holders to easily spend their ADA and, in reward, ADA will be adopted more which will cause it to become more stable.

I am very excited to partner with Emurgo by integrating ADA coin into one of the largest mobile payment platforms in Korea. We are simply focused on delivering incremental sales and value to our offline and platform partners along with Ada’s coin owners.

Kim Seungyeon, CEO of Metaps Plus

Cardano (ADA) integration with Metaps Plus mobile payment platform might help ADA growth

This is a vitally valuable occasion for Cardano and Emurgo, as the Emurgo is trying to accommodate businesses and ensure that Cardano platform and infrastructure attract a broader market.

The deal with the Metaps Plus app will permit ADA to extend more quickly and be accepted, in the end, as an alternative but reliable payments method in the South Korean market, according to the Emurgo’s CEO.

At the moment of this article, Cardano (ADA) is trading at $0.321 registering a decline of a little over 1.60% in the last 24 hours. ADA is on the 7th place in the cryptocurrencies market with a market cap of about $8,3 billion getting closer and closer to Litecoin (LTC) which is on the 6th position with a market cap of approximately $8.86 billion.

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