7 Years Ago

South Korean Largest Telco to Develop a Crypto for a Local Community

BBFTA News Editor | | PERMALINK

KT Corporation which is South Korea’s largest telecoms company is set to launch a Cryptocurrency which will be called the K-Token and initially will be rolled out as a pilot project in a city called GIMPO. 

The intention is that K-Token will be used in shops for transaction and will enable the funds to be converted into fiat and transferred to one bank account without incurring fees using QR codes. We are seeing more and more examples of organizations using Digital assets like the K- Token powered by Blockchain technology entering everyday lives.   like this are a long way from the volatile initial Crypos like Bitcoin and as importantly will be much more user-friendly to use, thus addressing two key barriers to more wide-scale adoption of Digital Assets. K-Token is an interesting experiment which if successful...


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Crypto
Telecommunications
Digital Assets
https://www.dcforecasts.com/south-korean-teleco...ocurrency/

Jonny Fry

7 Years Ago |
Stablecoins  Stablecoins could be at the heart of the Digital Sector as they are going to allow the transfer of payments to be made for Digital derivatives, bonds, equities and property i.e. any asset that has an income stream. Stablecoins are also going to be a battle ground for the banks and global brands and the recent announcement by JP Morgan JPM Coin and Facecoin to be rolled out in India on WhatApp, I suspect is just the open salvo.  It is hard to see how organisation can earn money from issuing and promoting Stablecoins but it does enable them to offer...

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Jonny Fry

7 Years Ago |
Samsung’s latest flagship phone to  include cryptocurrency private keys – Samsung, the worlds largest mobile phone manufacturer’s new Galaxy S10  has built in security with a secure storage which houses your private keys for blockchain-enabled mobile services.The S10 comes with an upgraded camera system that features “advanced intelligence,” not sure what this means, but rather cool Samsung claim the S10 has the ability to charge other phones wirelessly! Unfortunately at $1,995 it is no bargain but it will enable those on the move to carry out Crypto transactions potentially in a secure manner. The S10 follows on the heals of  HTC EXODUS, and the Finney from...

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US Fund Manager Grayscale is Attracting Institutional Investors

BBFTA News Editor | | PERMALINK

Grayscale who hold 203,000 Bitcoins i.e. over 1% of the total circulating supply, in their 2018 report are still optimistic on Cryptocurrencies and say that over 66% of investments into their funds were from institutions.

Interestingly a lot of the institutions are investing cash/fiat and research from JP Morgan has calculated that the amplifier effect of cash on the Crypto sector could be as much as 1:117.5. To put this more simply $1million in cash has the impact of increasing the cryptocurrency market by as much as $117.5 million. As we see greater liquidity and money coming into Digital Assets the amplifier effect no doubt be smaller, but clearly in the short term, it is easy to see how relatively small sums of capital could drive up prices-. Unfortunately would this once again send the...


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Cryptocurrency
Investing
https://www.newsbtc.com/2019/02/15/grayscale-se...ring-2018/

Jonny Fry

7 Years Ago |
First Security Token in Germany which is a Bond- Momentum for the issuing of Security Tokens is gathering pace with a Blockchain powered company called Bitbond, announcing it has regulatory approval from BaFin (German Federal Financial Supervisory Authority) to launch a bond to raise up to Euros 100million using the Stellar Blockchain.In contrast to ICOs, the securities prospectus for token-based bonds gives investors transparency and comprehensively documents their rights and the terms of the offer. The bond is subject to BaFin’s regulatory control. Bitbond has been approved as an asset broker under the German Banking Act for its blockchain-based lending business...

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Naill Ferguson Claims BitCoin is More Like an Option on Digital Gold than Money

BBFTA News Editor | | PERMALINK

The internationally acclaimed author and historian who has written 14 best selling books recently said “Bitcoin itself is only money in a very limited sense, which I would define as follows: It is an option on digital gold.

By this, I mean that bitcoin’s role in the foreseeable future is as a liquid asset that is hard to confiscate, and thus serves as a type of insurance. You might hold your private keys the same way the European wealthy used to hold gold jewelry and precious stones. However, the experiment launched by Satoshi Nakamoto in 2008 is not yet finished. To own bitcoin today is to have an option on Satoshi’s experiment succeeding”.

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Bitcoin
Digital Currency
https://bitcoinexchangeguide.com/finance-author...ital-gold/

Jonny Fry

7 Years Ago |
BLOCKCHAIN: JP Morgan mints crypto JPM-coin, exposed to $10 trillion opportunity

You know by now that JP Morgan launched a crypto asset called JPM coin. You've probably seen the self-satisfied memes showing Jamie Dimon publicly hating on Bitcoin, contrasted with his own massive bank launching its proprietary, closed cryptocurrency (leveraging open source software created by others) within a year -- and claiming it is a meaningful invention. Perhaps you've read that this is a first-of-its-kind symptom demonstrating that banks are finally coming into crypto. Cool, huh! Yet all of these reactions are mostly irrelevant to thinking about what's happened.  

First things first. JPM has...

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Philippines 10th Largest Bank to Offer Crypto Cash Point Machines

BBFTA News Editor | | PERMALINK

Union bank in the Philippines is to launch a network of Cash machines/ATMs that will allow one to convert Pesos to Crypto or Crypto to Pesos.

The Philippines central bank has been allowing Crypto payments since 2017 as well as regulating Crypto Exchanges as it aims to ensure that these assets do not attract the wrong users – hence regulation. This is another sign of how Asia seems to be embracing the Digital Asset and follows the lead of a number of South American countries who also have a network or ATMs that handle Crypto currencies.

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Banking
Cryptocurrency
https://www.investinblockchain.com/union-bank-p...rypto-atm/