Category: News

Categories
Crypto Markets News

Bitcoin (BTC) Exchanges And Crypto-Related Companies In The Philippines Outperformed Traditional Financial Services

Bitcoin (BTC) exchange platforms and cryptocurrency-related companies in the Philippines surpassed traditional financial platforms in both customer activity and popularity during 2018, so far.

As CCN reported yesterday, the Cagayan Economic Zone Authority (CEZA), a government-supported economic center in the north of the Philippines, will embrace up to 25 cryptocurrency exchange platforms and operators which will enjoy friendly crypto regulations and fiscal policies.

In order to work within CEZA, cryptocurrency exchanges will be subjected to a stringent and thorough check conducted by local financial authorities and CEZA before they receive any regulatory benefits. The Director of CEZA, Raul Lambino, highlighted that exchanges inside the before-mentioned economic center would have to prove their potential to invest a minimum of $1 million within CEZA and to construct new offices in the region.

We do not want the Philippines to be a haven for scammers, even if these scams are taking place abroad. So, through our integrity and probity control, we can determine if your transactions are designed to attract unsuspecting people to invest in Bitcoin or any other cryptographic currency that is a fraud.

Raul Lambino, Director of CEZA

Bitcoin (BTC) exchange platforms and cryptocurrency-related companies in the Philippines outperformed traditional financial platforms

Among the first governments in the world to describe cryptocurrency as a real form of money, be it digital, there was the Philippines Government which even legitimated the crypto sector within the country. On the same page with its government, the Philippines Central Bank stressed out back then that, although it’s not its intention to invest or use Bitcoin (BTC) or other cryptocurrencies, they recognize cryptos as digital money and as a method of digital payments.

From then on, regional startups, Coins.ph, for instance, have grown to become part of the significant cryptocurrency exchange platforms and cryptocurrency-related enterprises in Asia.

Coins.ph, Rebit, Bitbit, BuyBitcoin, Keza, Prepaid Bitcoin and Bitmarket.ph are just a few of the numerous cryptocurrency exchange platforms and cryptocurrency-related companies that have prospered in the blockchain sector in the Philippines.

 

Categories
Crypto News

Ripple (XRP): Ripple And Bill Gates Foundation Keep On Helping People In Poor Countries

Ripple, the owner of Ripple (XRP) token, with its single market approach has achieved a significant level of growth. As xSpring CEO Daniel Aranda remarked, the team has decided to pursue the development of improved payment solutions and has already established over 150 partnerships worldwide. One of them is with the Bill Gates Foundation, a deal signed in 2017.

Ripple’s partnership with the Bill Gates Foundation

The Bill Gates Foundation is a program that aims to help improve people’s living conditions in several third-world countries but not limited to them. On this road to improvement, the Bill Gates Foundation teamed up with Ripple to use its technology and roll out the Mojaloop innovative software.

According to the World Bank, over 2 billion people are poverty-stricken, most of them due to lack of access to a bank account or other essential financial facilities.

Mojaloop is an open source application that can be adapted and used very comfortably by banks at low costs and with little hassle. During the development phase of this software, the project was financed by the Bill Gates Foundation and was established by FinTech enterprises, Ripple included.

The interoperability of digital payments has been the most difficult hurdle for the financial services industry to overcome. With Mojaloop, our technology partners have finally achieved a solution

Kosta Peric, Deputy Director of Financial Services at the Bill Gates Foundation

What the partnership with Bill Gates Foundation means for Ripple (XRP)?

As the Gates family privately owns the Bill Gates Foundation, the venture can quickly take the technology and uses of the blockchain to new heights. That signifies that the partnership with Ripple would not just impact the company and its blockchain and platforms, but also the Ripple (XRP) token.

Earlier, the Ripple (XRP) has crossed the $0.5000 level recording an 11.18% increase, but, at the moment of this writing, XRP returned slightly below this mark, as it is now trading at $0.496

Categories
Crypto News

Cardano (ADA) Blockchain Is Spreading In Africa And Asia

IOHK, a blockchain company that runs the Cardano (ADA) blockchain, is taking its general ledger distribution platform to a number of Asian and African countries. In May 2018, IOHK concluded a MoU (memorandum of understanding) with the Ethiopian Government to take its agricultural activities on the blockchain.

Cardano doing business in Africa and further

It is possible that the supply chain of Ethiopian coffee will use the Cardano blockchain shortly. IOHK will support the Ethiopian Government in hiring and coaching young software developers to master Cardano’s blockchain systems and deploy them into the country’s coffee supply chain.

The first series is scheduled to graduate in September 2018, and we’re talking about 30 fully-trained developers. The leading devs will be contracted by IOHK to develop the agricultural blockchain system solutions and provide support for Cardano’s code base.

We come not with solutions, but with a commitment to find them. Seeing the ideas that emerged from the dialogue between the IOHK and the ministry, we validated our launch in Ethiopia and our belief in a productive and mutually beneficial relationship. This belief is enshrined in the MoU that Charles signed with the Minister of Science and Technology, Dr. Getahun.

John O’Connor, Cardano (ADA) Director of Africa Operations

Cardano (ADA) spreading in Asia

The IOHK plans, as well, to deploy the Cardano blockchain to monitor beef supply chain in Cambodia and Vietnam.

One of the many Cardano development firm, Emurg Hong Kong, is keen to issue digital university certificates through the Cardano (ADA) blockchain. The new technology may reduce counterfeiting and forgery, while at the same time improve the system’s transparency and permit fast information verification on the blockchain.

The adoption of Cardano blockchain creates a single global market that allows anyone to trade on a global scale, which is revolutionary. The blockchain platform can solve many problems and make the world a better place.

Charles Hoskinson, Cardano (ADA) founder and IOHK CEO

Charles Hoskinson also said that using blockchain technologies could reduce smuggling, and he gave the example of China which bans Japanese imports but buys the Japanese Wagyu beef from Cambodia which, in turn, imports it from Japan.

Categories
News Tech

Samsung Galaxy Tab S4 Modern Design Leaks: What We Know So Far?

A long time has passed since Samsung Galaxy Tab S3 was officially released in March 2017. In a world of rapidly developing electronics, it feels like eternity, therefore many users of tablets created by the South Korean company are impatiently awaiting a new Samsung Galaxy Tab S4. After numerous leaks focusing on potential specifications of the device, we finally have a picture showing the design of the upcoming tablet.

The new look of Samsung Galaxy Tab S4

Design-wise, Tab S4 will be a big improvement on Tab S3. According to the leaked picture, thick bezels and physical buttons surrounding the 4:3 screen of Tab S3 will be replaced by Tab S4’s 16:9 display with almost non-existent bezels, showing no sign of home or capacitive buttons. Thanks to this, Galaxy Tab S4 looks very modern and fits well into the new line of Samsung’s devices.

It is important to mention that, judging by the leaked image, there will be no fingerprint sensor present on Tab S4. There is a possibility that it will be replaced with an in-display sensor or an iris scanner located up top, which can be seen on the picture.

Tab S4’s rumored specifications

According to past reports, Samsung Galaxy Tab S4 will be powered by Snapdragon 835 and 4GB of RAM. It is expected that the tablet will have 64GB of internal storage and a battery with the capacity of 7,300 mAh. As for the cameras, the device will have 13MP on the back and 8MP at the front. When it comes to its operating system, Tab S4 will run Android 8.1 Oreo. We can also expect DeX support.

So far, we haven’t gotten any official updates on Samsung Galaxy Tab S4, but we might finally hear some news on August 9.

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post.  In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.

Categories
Crypto News

Tron (TRX) Price Starts Moving Up After Weeks of Stagnation

Tron (TRX) has stagnated around the $0.035 mark for a long period of time, but things are finally changing. Tron (TRX)is currently priced at $0.39 which shows a 4.30% increase in the last 24 hours. While the price spike might not be that huge, it still shows us that Tron (TRX) is on the right path. The main reason why Tron (TRX)’s price is starting to get bigger is because the share of USDT trading has been increased, up to 31%. In addition, Tron (TRX) is trading on Binance and this is expected to help the price go even higher than it already is.

Tron (TRX) No Longer Supported by Early-Adoption

One of the things that new investors who are looking to purchase TRX tokens need to take into consideration is that Tron (TRX) is no longer supported by early-adoption enthusiasm. This is not bad news by any means because it means that Tron (TRX) is seen as a “mature” asset and that it’s starting to be used for trading gains.

Tron (TRX) Mainnet

We should also mention that the Tron (TRX) mainnet launched on June 25th and this came as a surprise because the developers initially said that the mainnet will launch somewhere at the end of May. Nonetheless, reports are showing that the network can still transfer the new TRX digital asset after June 25th, but the transactions are slower than usual.

The Cryptocurrency is Trending

Despite the Tron (TRX) mainnet issue, the developers who are in charge of the cryptocurrency are saying that Tron (TRX) is trending on GoogleTrends. This means that more and more people are getting interested in Tron (TRX) and this is undoubtedly going to help drive the cryptocurrency’s price higher than ever. Maybe even hit the $1 milestone.

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post.  In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.

Exit mobile version