The banking firm Santander expected to partner with Ripple to launch an international payment app that will be powered by Ripple’s blockchain platforms, XCurrent as well as RippleNet.
Cryptocurrency Market Updates
According to a document released last week, the Chinese Ministry of Industry and Information Technology (CMIIT) has listed objectives to support the development as well as standardization of the tech sector in the country. This list also includes objectives related to blockchain technology.
Binance, one of the largest cryptocurrency exchanges in the world, has been facing troubles in China and Japan. After Chinese authorities clamped down on cryptocurrency exchanges, Binance moved operations to Japan.
According to an anonymous source, Huawei is planning to develop a smartphone that supports decentralized apps (DApps) powered by blockchain technology. The anonymous tipper said that the Chinese tech giant is applying for the SIRIN OS license.
Recent reports state that certain classified documents were leaked which reveal that the US National Security Agency (NSA) has developed a system that can locate senders as well as receivers of Bitcoin across the world.
In shocking news, groups of researchers from two separate German universities state that they have uncovered data on the Bitcoin blockchain that could potentially render the entire blockchain illegal.
Lightening Labs launched their beta version of the Lightening Network, a protocol designed to resolve Bitcoin’s scalability problems.
Tom Lee from Fundstrat has forecast that Bitcoin’s price could go up to $91,000 by 2020. He based his prediction on the movement of Bitcoin prices over the years.
The US Patent and Trademark Office released a patent application on March 15, which revealed that the Royal Bank of Canada, which is the country’s biggest bank, has applied for a patent to develop a credit score protocol employing blockchain tech.
A Securities and Exchange Commission (SEC) official confirmed that there were investigations being carried out into multiple Initial Coin Offering projects.