Blockchain 

Tether Introduces New Yuan-Linked Stablecoin, CNHT

The cryptocurrency space has had its fair share of controversies throughout the course of its short existence, and one of the biggest ones to date is the one related to stablecoins. There are plenty of stablecoins in circulation these days, but the most controversial one so far is Tether, and it is simply due to the fact that is it is the most popular one within this particular group of digital assets. Key Analysis The reason why many in the crypto space are suspicious of Tether and other stablecoins is…

Read More
Blockchain 

Tech Mahindra Introduces Blockchain Solution for Finance and Insurance

Indian conglomerate Mahindra Group’s IT subsidiary, Tech Mahindra, has partnered with American tech company Adjoint. The company is set to launch blockchain use in insurance services and finance management solution. Blockchain Solution for Financial and Insurance Services On Monday, CommMEA reported that the solution, which is the first of its kind, will be a game-changer. Using the service will save clients up to $4 million for every $1 billion of financial management and banking relationships. Using blockchain in the insurance and finance sector will ensure that clients receive a seamless…

Read More
Blockchain 

Binance Introduces Crypto Lending Service

When cryptocurrencies came along around a decade ago and even when the industry went on its astonishing bull run back in 2017, the sector was still regarded as a novelty of sorts. The rise of an actual ecosystem with Bitcoin and other cryptocurrencies at the center remained a pipe dream for most. However, things have changed over the past few years, and now there is a real possibility of cryptocurrencies finding mainstream acceptance. In a new development, which should count as another landmark stride for the crypto sphere, Binance has…

Read More
Blockchain 

Japan’s Rakuten Introduces New Crypto Exchange

The cryptocurrency industry has grown at a breakneck pace over the past two years or so, largely due to the growth of Bitcoin and other tokens. Due to such growth, many companies have been established that provide highly specialized services related to crypto wallets as well as exchanges. Wallets help people to store their crypto safely, while exchanges are the marketplaces where anyone can buy a cryptocurrency. Japanese retail behemoth Rakuten saw the opportunity early on and has already established the Rakuten Wallet as one of its subsidiaries. Rakuten Wallet…

Read More
Blockchain 

Crypto Derivative Platform FTX Introduces Alternative to Short Alts

CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market. The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such as Grin, Nano, and Waves. FTX’s Connection with Alameda Research The derivative platform was opened in spring after an incubation program under Alameda Research began. The FTX derivatives platform operates an over the counter desk,…

Read More
Blockchain 

Amazon Web Services Introduces Managed Blockchain to Everyone

Amazon has made it into the blockchain industry, and on April 30, the company announced that its subsidiary Amazon Web Services was launching its Amazon Managed Blockchain (AMB). Hyperleger Fabric & Ethereum Frameworks Amazon Web Services has said that its AMB is designed to allow companies and customers to easily create a blockchain network that is simple and scalable to manage and uses the Hyperledger and Ethereum open source frameworks.  The Hyperledger Fabric is a product of Linux foundation and IBM as part of the IBM Blockchain, which is a…

Read More