The Japanese Financial giant named SBI Holdings is still not done with its attack on the blockchain. The company has quite recently announced that it will be launching an app for mobile payments and the app will be launched for both the operating systems including the iOS and Android. This app that will be launched by the company will be using the distributed ledger tech of Ripple. The app is estimated to arrive soon and the users can expect its arrival by this fall. The app is named by the company as Money Tap. This collaboration that will be taking…

On Thursday, Turkey has increased its interest rates to 24 percent. President Recep Tayyip Erdogan has promised to keep interest rates, low in his country. With lira being on a long-time low, he had to curb pressure from all sides to keep interest rates down. He even earned the name “enemy of interest rates” for this cause. But the Central Banks of Turkey has taken stern steps in the other direction. The lira has gone down by 40 percent against the US dollar, for this year alone. Similarly, the interest rates are at 18 percent currently, which is a 15-year…

The stock market giant, Nasdaq, New York, is studying the possibility of adding sets of cryptographic data to its analysis tool, said on Sept. 11 in Cointelegraph source. Bill Dagger, head of alternative data at Nasdaq, said that, given the abundance of interest, we are exploring datasets related to the cryptocurrency. This will help to conclude whether to bring in the product related to cryptography or not. Cryptographic data sets can be integrated into Nasdaq’s data analysis hub, launched in 2017, to make unstructured data more understandable for investors. The Analytics Hub spectrum is analyzing a range of organized data…

New York State has approved two digital currencies that are joined to the U.S. dollar and are classified as stablecoins. These cryptocurrencies avoid the price instability by being fixed to stable assets. The digital cryptocurrencies—Gemini Trust Company and Paxos Trust Company—are available to deal on their respective exchanges. It is a sign that shows digital currencies might be maturing. Gemini Trust Company is founded by the Winklevoss twins, who became famous with a lawsuit charging Mark Zuckerberg for taking the idea of Facebook from them. They have become important magnates in the cryptocurrency world. The currency works on the following…

Brian Armstrong, CEO of Coinbase envisages that the number of people in the crypto derived ecosystem will mature from the present 4 Million to 1 Billion over the next five years, TechCrunch reported on September 7. In an interview with TechCrunch, Armstrong predicts that the crypto ecosystem and the total number of digital coins will grow appreciably, which attributes the growth to commercial organizations that develop their own tokens. Tokens would work with shares as a substitute investment system. Armstrong elucidated, “It makes a logic that any business with a table of capitalization should have its own token. Every open…

State Farm Insurance Company was found guilty in funneling the money for the Illinois Supreme Court Justice Election campaign, and need to pay a fine of $250M to settle the charges filed by the federal government. The compromise was declared in the US District Court on Tuesday. As per the statement by the State Farm and Clifford Law Offices given late on Tuesday, the Chicago-based law firm is representing the policyholders in the litigation. Both the parties stated that they have reached the agreement just because they find it is the best thing for everyone and to prevent themselves from…