Bitcoin and Alt Coins – Cryptocurrency News

  • Libra White Paper | Blockchain, Association, Reserve
    by /u/tRitone11 on June 18, 2019 at 8:52 am

    submitted by /u/tRitone11 [link] [comments […]

  • Facebook coin terms and conditions. Link in comments.
    by /u/nanoissuperior on June 18, 2019 at 8:39 am

    submitted by /u/nanoissuperior [link] [comments […]

  • The true power of Bitcoin 🔥
    by /u/mtimetraveller on June 18, 2019 at 8:18 am

    submitted by /u/mtimetraveller [link] [comments […]

  • Quant Network partner with SIA, A Game Changer For Mass Blockchain Adoption by Financial Institutions
    by /u/xSeq22x on June 18, 2019 at 4:44 am

    SIA, the leading European hi-tech company in the payment services and infrastructures sector, and Quant Network, a UK-based pioneering technology company, have signed a partnership agreement to explore blockchain interoperability and the creation of agnostic cross-platform applications and services for banks and financial institutions. Before discussing the partnership in more detail, first let’s have a look at SIA for those not familiar. https://www.sia.eu/en/media-events/news-press-releases/sia-partners-with-quant-network-to-explore-innovative-solutions-in-blockchain-interoperability-for-banks-and-financial About SIA: SIA is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and the Public Sector, in the areas of payments, cards, network services and capital markets. SIA Group provides its services in over 50 countries, and also operates through its subsidiaries in Austria, Croatia, Czech Republic, Germany, Greece, Romania, Serbia, Slovakia, Hungary and South Africa. The company also has branches in Belgium and the Netherlands, and representation offices in the UK and Poland. ​ In 2018, SIA managed 14 billion institutional services transactions, 7.2 billion card transactions, 3 billion payments, 51.7 billion financial transactions and carried 1,204 terabytes of data on the network. SIA supported the launch of the new Samsung Pay payment system, and also Alipay and WeChat Pay payment service were activated. Furthermore, the offering of terminals has been enriched with the Android-based smartPOS line, making value-added services available to consumers and merchants. In 2018, SIA confirmed its role as key technology partner to the London Stock Exchange Group and at the end of 2018, 44 trading venues operating in Europe and the United States were connected to SIA’s “Financial Ring” which enables financial intermediaries to access, via a single high-speed, low-latency network infrastructure, the main international stock markets using date centers in Milan, Rome, London, Frankfurt, and New York. ​ https://i.redd.it/9t34zynnn1531.png An Alternative to SWIFT The Eurosystem (compromises of the European Central Bank (ECB) and 19 National Central banks that are using the Euro such as the central banks of Italy, Germany, France, Spain, Netherlands, Belgium, Ireland etc.) operates the financial market infrastructure for the settlement of payments (TARGET2), TARGET Instant Payment Settlement (TIPS) and securities (TARGET2-Securities, or T2S). These platforms form the backbone of the European financial market. All European Financial institutions will connect to these services only via the Eurosystem Single Market Infrastructure Gateway (ESMIG). The single connectivity gateway to all Target services would provide a simpler and more efficient means to access the key market infrastructures as part of the Eurosystem’s “2020 Vision” strategic plan for the evolution of market infrastructures. SIA, in partnership with Colt Technology Services, (who were acquired by Fidelity Investments — One of the largest asset managers in the world with $2.46 trillion), has won a 10 year tender commissioned by the European Central Bank for the provisioning of connectivity services allowing European central and commercial banks, central depositories, automated clearing houses and other payment service providers to connect directly to Eurosystem market infrastructures through a single access interface (Eurosystem Single Market Infrastructure Gateway — ESMIG). “We’re particularly proud to have been chosen, in partnership with Colt, as one of the two Network Service Providers for Eurosystem market infrastructures. It represents a prestigious result for technology ‘Made in Italy’ and confirms SIA’s significant ability to compete at international level, also strengthening our role as an innovative partner of central and commercial banks. This award for ESMIG is very important because, for the first time in Europe, all financial institutions have the chance to select the best technological solution in a framework of free competition with considerable benefits in terms of costs and efficiency, and contributes to strengthening cybersecurity and the resilience of strategically important systems”, commented Nicola Cordone, SIA’s Chief Executive Officer. Paula Cogan, VP of Enterprise and Capital Markets at Colt, comments: “The awarding of the ESMIG tender, seven years after the establishment of the partnership between Colt and SIA, represents a really important milestone for both companies. We are pleased to underpin the infrastructure evolution envisaged by the “Vision 2020” program by providing connectivity and messaging solutions for the fully managed T2S platform. Colt’s network offers high levels of performance, scalability and guaranteed service levels which is why we are the chosen provider for over 650 financial institutions globally, including 18 of the 25 largest banks, more than 50 stock exchanges and 13 European central banks”. ​ https://i.redd.it/dcdeu0dpn1531.png https://www.sia.eu/en/media-events/news-press-releases/ecb-chooses-sia-and-colt-for-the-access-network-to-the-eurosystems-payments-securities-and-collateral-infrastructures This is hugely significant. Every European Financial institution will either connect via SIA, in partnership with Colt or via SWIFT (and in many cases they will have connectivity with both) in order to access the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe. SIA operates a private closed network and Overledger is being integrated into their private network via SIAChain to enable Blockchain interoperability for every connected European Financial Institution immediately, and all they need to do to start using Overledger is add 3 lines of code. SIAChain SIAChain is not a blockchain itself. It is a private infrastructure covering Europe consisting of 570 supernodes within SIAnet. SIAChain was created by SIA to develop, in a secure and protected manner, innovative Blockchain applications based on Distributed Ledger Technology. SIAchain makes a series of business applications available to communities of registered, approved members (be they financial institutions, corporates or public administration bodies) in which transparency, confidentiality and security are guaranteed as shared rules. As part of this agreement, SIA will be making Overledger available to all of its 570 Banks / Central Banks / Trading venues to enable Blockchain Interoperability. SIAnet is the leading Financial Network in Europe with more than 100 Tier 1 banks connected, 30 Stock Exchanges / Trading Venues, covering the entire trading process from pre-trading to post-trading. ​ https://i.redd.it/b17h4tdqn1531.png Financial institutions don’t send transactions to each other over the public Internet. They operate in heavily regulated environments and require secure, performant private networks with 100% uptime. SIA provide a private network dedicated to Financial institutions, utilising 10 GBps high speed network with extremely low latency of 4ms across huge distances stretching over 186,000 kilometres. This provides a secure, stable network with Guaranteed SLA’s and 100% uptime to ensure transactions are received and in a timely manner, able to cope with huge volumes. ​ https://i.redd.it/l2ke6qhrn1531.png Supernodes are hardware appliances deployed on SIA customers’ premise (or, at request, hosted on SIA Private Cloud) that runs different blockchain nodes such as Corda, Hyperledger and permissioned versions of Ethereum in parallel, with multiple dApps, allowing each customer to join or create Business Networks, each one solving a particular use case. There are currently around 570 supernodes deployed each representing a SIA Customer — Banks, Central Banks, Stock Exchanges etc. https://i.redd.it/eomsl09sn1531.png SIA’s main value is the ability to verify that all Supernodes run the same version of software for both DLT clients and subscribed dApps. Moreover, SIA certifies every single dApp / MAPP provided by Communities and deployed on the platform to minimize security and interoperability issues and operates auxiliary services needed by some DLT (Notaries, Orderers, Oracles, etc.) The partnership aims to integrate Quant Network’s blockchain operating system Overledger into the SIAchaininfrastructure to enable interoperability, one of the biggest challenges and unmet needs faced by the financial industry to develop and implement blockchain and Distributed Ledger Technology based applications spanning different technologies. ​ https://i.redd.it/22cu1vatn1531.png “Since the European launch of our private infrastructure SIAchain, we are at the forefront of innovation in blockchain technology with the aim of supporting financial markets with a high-performance and secure architecture and a clear governance model. We actively continue on our path of innovation and the achievement of a fully interoperable blockchain network is the foremost objective we want to reach with the collaboration of Quant Network and its disruptive vision on DLT”, says Daniele Savarè, Innovation & Business Solutions Director, SIA. Banks need blockchain Interoperability Towards the end of 2017 SIA announced a Partnership with R3 a banking consortium utilising their Corda platform. Members of the consortium consist of banks such as Bank of America, Barclays, BBVA, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, HSBC, ING, Intesa Sanpaolo, Mitsubishi UFJ Financial Group, Mizuho Bank, National Australia Bank, Royal Bank of Canada, Royal Bank of Scotland, Scotiabank, Société Générale, Sumitomo Mitsui Banking Corporation, Toronto-Dominion Bank, U.S. Bancorp, UBS, UniCredit and Wells Fargo There are many other blockchains been utilised with Banks, such as JP Morgan’s Quorum which is a permissioned variant of Ethereum. JP Morgan’s Coin would require interoperability with other blockchains being used by Banks such as Corda and Hyperledger. Others include Fnality (previously known as Utility Settlement Coin) who are building tokenized versions of five major fiat currencies in partnership with Clearmatics who are utilising a private version of Ethereum. Banks involved were UBS, Banco Santander, Bank of New York Mellon, State Street, Credit Suisse, Barclays, HSBC Holdings and Deutsche Bank AG. As well as We.Trade consortium utilising Hyperledger Fabric and is currently in live production consisting of banks such as Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Societe Generale and UniCredit Overledger bringing blockchain interoperability immediately to all 570 Banks / Trading partners The really important thing to understand with this partnership is that SIA will be integrating Overledger into SIAChain. They already have built the network, deployed supernodes at all their customers sites and already have loads of banks using various blockchain applications. With this partnership they now can utilise Overledger to benefit from blockchain interoperability with just 3 lines of code and less than 8 minutes. Companies such as Ripple, Stellar etc have to take years rolling out their infrastructure / software to individually connect each bank. By SIA Integrating Overledger into SIAChain, all 570 banks / trading partners have access to Overledger instantly. It’s also a closed private network so its not like they can just integrate other solutions unless they have been integrated into SIAChain. The key is SIAnet and SIAChain is an existing financial infrastructure that already is used and interconnects 570 banks and financial institutions. The access and adoption is already there, all the banks are already connected and using the network. Difference is now, it has Overledger. It would have taken us 10+ years to onboard 570 banks one by one and build the infrastructure. This is where Ripple, Stellar (IBM) are stuck and adoption will take many years to individually connect each bank. We already have all of them connected now. Spunta Banca SIAchain was selected for the operational testing of the “Spunta Banca” project — coordinated by ABI Lab, the research and innovation center promoted by the Italian Banking Association — based on blockchain technology that involved 18 Italian banks performing a proof of concept with excellent results. This has now progressed to technical tests with 200 banks and 200 million data items for a year before going into production. https://www.finextra.com/pressarticle/78173/abi-lab-updates-on-progress-of-italian-dlt-project-spunta Just a couple of days ago an update of the Agreement for the maintenance of reciprocal accounts between banks with regard to the interbank check was approved, this allows the development of the check process using Distributed ledger technology (DLT), starting from 1st March 2020. It is therefore a blockchain for banks operating in Italy. https://i.redd.it/euhvdfnun1531.png FINSEC Project funded by Horizon 2020 FINSEC, (Integrated Framework for Predictive and Collaborative Security of Financial Infrastructures), is a flagship project which will develop, demonstrate and bring to market an integrated, intelligent, collaborative and predictive approach to the security of critical infrastructures in the financial sector. FINSEC will provide a blueprint for the next generation security systems for the critical infrastructures of the financial sector. ​ https://i.redd.it/y5wm29wao1531.png The FINSEC project will provide tools for stakeholders’ collaboration in the financial supply chain to leverage the results of the previous tasks, while supportin gassets modelling and interrelationships for financial services involving multiple participants, such as SWIFT network interactions. The blockchain will be established and will operate in a fully decentralized manner,i.e. it will not be under the control of any administrative entity. Nevertheless, each participating entity (e.g., a bank or another financial institution) will interface to the blockchain infrastructure through a ledger client application, which shall make use of a blockchain API enabling the execution of the chain code. The entire data sharing process will be driven by a data model: the latter will specify the subset of security information that will be shared by each blockchain participant ​ Working with the Central Bank of Italy So what we’ve done is instead of just announcing one client and one thing, we’re announcing that we’re working with SIA. So, SIA is leading European payment infrastructure. And what we’re doing with SIA is interconnecting blockchain networks with SIA, and doing settlements, which are central bank settlements, with the central bank in Italy. So what Overledger is doing is we’re actually bringing blockchain and interoperability to all of SIA’s clients, which are 580 banks. So, Overledger could be rolled out to all these institutions, financial services, banks, at scale, and have interoperability to get the benefits of this. https://www.youtube.com/watch?v=0cNmGrLPoTo&t=7s Game Changer for Quant Network and for Blockchain Mass Adoption by Financial Institutions This is a game changer for Quant, SIA are integrating Overledger into the leading financial private network in Europe enabling blockchain interoperability to all of its 570 Banks, Central Banks, Stock Exchanges, Trading venues etc immediately. Not having to spend years rolling our infrastructure / software, they can all benefit today. This number will only increase with the recent news that SIA, in partnership with Colt Technology Services, has won a 10 year tender commissioned by the European Central Bank for the provisioning of connectivity services allowing European central and commercial banks, central depositories, automated clearing houses and other payment service providers to connect directly to Eurosystem market infrastructures through a single access interface (Eurosystem Single Market Infrastructure Gateway — ESMIG). To find out more about Quant Network and Overledger please see the links below. Part One — Blockchain Fundamentals Part Two — The Layers Of Overledger Part Three — TrustTag and the Tokenisation of data Part Four — Features Overledger provides to MAPPs Part Five — Creating the Standards for Interoperability Part Six — The Team behind Overledger and Partners Part Seven — The QNT Token Part Eight — Enabling Enterprise Mass Adoption Quant Network — Enabling Mass Adoption of Blockchain at a Rapid Pace submitted by /u/xSeq22x [link] [comments […]

  • Warsaw-based Alior will reportedly use the Ethereum public blockchain to build a system to let customers check the authenticity of documents they receive from the bank.
    by /u/himadri-saha on June 18, 2019 at 4:43 am

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  • If you bought Bitcoin...
    by /u/6maud on June 18, 2019 at 4:06 am

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  • XRP Game Changer: Ripple to invest up to $50 million in MoneyGram in strategic partnership
    by /u/MICKYNewsOz on June 18, 2019 at 1:47 am

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  • This sub 80% of the time.
    by /u/lemonmule on June 18, 2019 at 1:10 am

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  • What Makes a Shitcoin, Shitty?
    by /u/m0nkee40 on June 18, 2019 at 12:53 am

    Being in this space for a short period of time, I've seen a lot of people go at each other for investing in a perceived, "shitcoin" making the atmosphere of the space for a lack of a better term, shitty. Is there a criteria that is used in this space to determine what would be a "shitcoin?" I just want a system of measurement because I really think a good handful of coins have great value or use. (e.g. BTC, VET, IOTA, ETH, XRP, HOT, RVN, XTZ, ADA, XLM, etc.). Are these comments mainly fueled by actual objective research or personal/emotional preference to a coin (i.e. because your portfolio is 90% XX coin you favor it)? I am all about diversifying into all these projects but question the integrity of the space. I really want to open this up for a mature discussion. Please leave your diapers at home. submitted by /u/m0nkee40 [link] [comments […]

  • Daily Discussion - June 18, 2019 (GMT+0)
    by /u/AutoModerator on June 18, 2019 at 12:13 am

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Rules: All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect. Discussion topics must be related to cryptocurrency. Comments will be sorted by newest first. submitted by /u/AutoModerator [link] [comments […]

  • WARNING: Never use Coinegg
    by /u/c0ltieb0y on June 17, 2019 at 10:47 pm

    Coinegg Exchange is a scam, we need to ask Coinmarketcap to remove them from the site. Why do I say this? Because Elastos is $3.85 on most exchanges, but it's $4.75 on Coinegg. If you move your Elastos to Coinegg, you cannot withdraw. Another coin I follow, VeriCoin is listed on Coinegg for 7 cents, it trades for 12 cents everywhere else and you cannot withdraw VeriCoin from Coinegg. ​ At the end of the day, the two coins I follow most which are completely unrelated to each other each have their own price discrepancies and withdrawal issues. So, what other coins are effected by this? Probably MANY more. DO NOT use Coinegg unless you want to be scammed. I don't trade there, but I felt necessary to make this post to protect others and to hopefully help remove it from Coinmarketcap.com because it leads to the prices shown to be wrong since coinegg is either artificially inflating or artificially deflating a coin prices. submitted by /u/c0ltieb0y [link] [comments […]

  • Ripple to Invest Up to $50M in MoneyGram Following New Partnership
    by /u/Meannami on June 17, 2019 at 10:41 pm

    submitted by /u/Meannami [link] [comments […]

  • Ever wonder how Bitcoin (and other cryptocurrencies) actually work?
    by /u/mebinici on June 17, 2019 at 10:14 pm

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  • Here's what's behind the Ripple/MoneyGram "partnership"
    by /u/amorpisseur on June 17, 2019 at 10:05 pm

    It's not a partnership, they bought $30M of Moneygram. How? By selling XRP. http://fortune.com/2019/06/17/ripple-moneygram-xrp/ To me it looks like a desperate move to generate buzz ​ If you care to know: Under the terms of the deal, Ripple will pay $4.10 cents a share to acquire an 8% to 10% stake in MoneyGram. This translates into a $30 million investment, and also gives MoneyGram the option for another $20 million cash infusion in the next two years. ​ Ripple’s purchase of newly-issued shares of MoneyGram is a significant premium on MoneyGram’s recent market price, which has languished around $1.50 ​ Paying $4.10 something worth $1.50 in exchange of publicity. ​ Ripple’s investment comes a year after MoneyGram’s rival Western Unionended a trial experiment with XRapid, saying the XRP transfer service had not produced any significant savings. Ripple has also engaged in numerous pilot projects with banks in the past three years, but none of these has resulted in a breakout moment for XRP. ​ I think you can see the plot now. submitted by /u/amorpisseur [link] [comments […]

  • Wall street are a bunch of hypocrites. Many talk about how Bitcoin and crypto in general is a bubble. That they are worthless digital coins, but when a publicly traded company announces a partnership with a cryptocurrency (Moneygram), or the creation of a coin (Facebook), their stock soars. 🤔🤔
    by /u/AceOrigins on June 17, 2019 at 9:29 pm

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  • Ripple announces official partnership with Moneygram!! Focused on xRapid and leveraging XRP for payments!
    by /u/Blur93 on June 17, 2019 at 8:34 pm

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  • Institutional interest is at an all-time high | Crypto Briefing
    by /u/horatio-mogul on June 17, 2019 at 7:56 pm

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  • ERC-1155: The Final Token Standard on Ethereum
    by /u/j4c0p on June 17, 2019 at 4:54 pm

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  • This talk by Andreas Antonopoulos blew my mind.
    by /u/smellslikeautism on June 17, 2019 at 4:18 pm

    https://youtu.be/5ca70mCCf2M I searched before posting. This video is several years old, but every time it is posted, mostly on other subreddits, it gets a lukewarm response. Andreas Antonopoulos draws some relevant analogies between the automobile and horses, electricity and gas(lighting), high speed internet and dial-up modems, and blockchain/bitcoin (or insert your decentralized trustless ledger of choice here) and current banking system. Every one of those innovations was ridiculed by the legacy technology before it, even though history books do not teach that part. The best part is around the 47 minute part where he speculates a few innovations that will not be possible until the banking infrastructure inverts. I don't usually share bitcoin stuff with friends and family because it comes across as proselytizing, but this one blew my mind because it shows how humans have responded to similar disruptors in the past and explains current attitudes. If you don't want to share on social media, I get it. But it is important to expand our minds past viewing cryptocurrency as an investment on top of a legacy payment system. Every one of us here knows this. The hard part is getting out of the mindset every one around us is in, without coming across as a foaming-at-the-mouth-preacher. This video accomplishes that nicely. Once the inversion happens is when it will really get interesting. Cheers everyone. submitted by /u/smellslikeautism [link] [comments […]

  • WSJ: Bitcoin Tops $9,000 as Crypto Rally Trounces Stocks, Bonds, Gold, and Oil
    by /u/FiniteRegress on June 17, 2019 at 3:59 pm

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  • Court orders Craig Wright to prove he's Satoshi Nakamoto, today!
    by /u/Ichi_MokuM on June 17, 2019 at 3:42 pm

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  • Warning, IOST providing false information about their team
    by /u/topdutch on June 17, 2019 at 2:43 pm

    So last week I got banned from the IOST sub because I found out their supposedly 40/50+ member development team isn't there anymore as it used to be, the page disappeared from their website IOST.io (it's unknown to me when exactly that happened). Also, older information mentioned team members who now changed their first names on LinkedIn, and much worse: three of them don't even mention IOST in their past working experience at all! Be careful people, because these team members have been advertised as Microsoft and Uber employees, but if you check their LinkedIn page one of them seems to have been an Microsoft intern and the other one worked on a not so interesting Uber project, not the top curriculum vitae's you would expect, imo. As of now, the website still mentions 50+ team members, where is the proof? The only team members I found are about 5 persons, two of them have another company in China they run as well. Edit: being heavily downvoted by IOST fanboys(?), please provide evidence of the 50+ actual team members including their LinkedIn and I will delete this post. Edit 2: just amazing how many downvotes AND upvotes this post gets, without anyone of the IOST community giving a content-related answer. submitted by /u/topdutch [link] [comments […]

  • We tried to interview Craig Wright – it ended with him calling us nasty things
    by /u/alleeycaatt on June 17, 2019 at 1:50 pm

    submitted by /u/alleeycaatt [link] [comments […]

  • Andreas Antonopoulos believes banks are about to 'lose a whole generation of customers'
    by /u/coinsmash1 on June 17, 2019 at 12:06 pm

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  • Sounds familiar
    by /u/Monster_Chief17 on June 17, 2019 at 12:04 pm

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  • Facebook Coin Will Steal All Of Your Data!
    by /u/mrsotkogaming on June 17, 2019 at 8:57 am

    submitted by /u/mrsotkogaming [link] [comments […]