Blockchain bonds will now win the markets after the World Bank and the Commonwealth Bank of Australia officially partnered. Both of the banks according to the joint press release, aim to enable blockchain-based secondary market bond recording so we are about to find out more in our latest cryptocurrency news.
According to the press release, the project was performed on the Blockchain Operated New Debt Instrument which is an Ethereum-based blockchain platform. The platform was initially developed by CommBank’s Blockchain Centre of Excellence in Sydney’s Innovation Lab. The goal was to explore and build on the distributed ledger technology.
Just last year, the World Bank issued the bond-i which was created with the help of the blockchain technology. At the time CommBank was the only arranger of the bong. The project ended up providing a massive $81 million for the World Bank thanks to the contribution of the investors. Some of the investors include the Northern trust bank and the New South Wales Treasury Corporation.
The World Bank made about $50 billion during that time in yearly bond issuances each year to improve the global market sustainability. The blockchain bond was also further described as a milestone that can bring disrupting technologies into countries that have low development goals.
Per the coming altcoin news, the World Bank declared that the blockchain bond was launched and since then the bank got a lot of support from major financial players and also from the technology sector. Sophie Gilder who is the Head of Experimentation and Commercialization at the CommBank’s Innovation Labs pointed out:
“There is a growing recognition that blockchain technology can deliver a superior digital market for raising capital and then managing and trading securities, so we are working with our strategic partners to realize that vision. Blockchain has the potential to streamline processes for raising capital and trading securities, improve operational efficiencies, and enhance regulatory oversight.”
The World Bank is aiming to find a deeper understanding of blockchain technology. At the start of this year, a report by the Financial Times revealed that the World Bank and the IMF will launch a private blockchain network in order to study the technology.
Institutional Investors Buy $200M Worth Of Crypto Per Week: Coinbase
Global Staffing Firm Turns To Blockchain With New Partnership
"With a blockchain supported platform, Moonlighting provides a full turnkey solution with a suite of tools to empower millions of independent workers and recruiters worldwide."
Reddit Co-Founder Will Stream Blockchain Game Face-Off
“With Skyweaver using Ethereum, it means you can send your cards to your friends, trade them with other players on our platform, trade them on another website, buy/sell them on Reddit, burn them, lend them to people that want to play with your cards while you are on vacation, etc. Basically, we can't prevent you from doing whatever you want with these cards, just like physical cards.”SkyWeaver is now working in a private beta and is expected to launch later this year and in the meantime Horizon is inviting new players to try out the game every week as we read in the reports in the coming altcoin news.
Crypto Exchange Poloniex Drops 23 Pairs Due To Low Volume
‘’We will be removing 23 trading pairs on August 16, 2019, due to low volume. Note that each asset will continue to be independently tradable.’’More than half of the listed pairs are in ETH, about six are XMR pairings and the rest are stabelcoin pairs for the various obscure altcoins. Some of them include Loom Network/ USDT which has $50 traded in the past day, Status/USDT with just $157, Bancor/USDT trading only $75 per day, FOAM/USDC and the worst performing pair which is the Khyber Network/USDT. Some of the ETH pairs were popular altcoins with high volumes such as Golem, Qtum, GAS, Steem, OmiseGO and Civic but after bitcoin, Ethereum and Zcash as top pairs on the exchange, all others burst into flames. The Monero paris aside from BTC and stablecoins will also be dropped because of the low volumes. This could only be the case of falling volume on that particular exchange because the same pairs on Binance are doing really well. Compared to two years ago in 2017, the altcoin scene looked a lot different than today and many of the altcoins have now falled off the digital cliff in terms of token price regardless of other developments on the project by the respective teams. Two years ago in August, IOTA was the fifth largest cryptocurrency by market cap which was priced at $0.94 with a $2.6 billion market cap. Today as we can read in the latest cryptocurrency news, IOTA is struggling to say in the top twenty and is down by more than 75%. The Crypto Exchange Poloniex drops the pairs and we shall see if any major fluctuations will happen.
Join us on Facebook
- Institutional Investors Buy $200M Worth Of Crypto Per Week: Coinbase
- Why Is Bitcoin Still Hovering Around 5 Figures: Analysts Explain
- Ethereum Could Climb Above $200 According To Analysts
- Binance Removes US Resident Ban: Launching In “A Month Or Two”
- Bitcoin Dropping Under $8,000 Is Highly Unlikely: Analysts
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News4 days ago
Samsung Just Added Bitcoin Support To Its Blockchain Keystore
Regulation2 days ago
Bakkt Acquired Regulatory Approval From The US Regulators
Blockchain News4 days ago
BitMEX Loses The Leading Position To Emerging Competition
Bitcoin News4 days ago
Dallas Mavericks Is The Second NBA Team To Accept Bitcoin
Bitcoin Scams3 days ago
Chinese Ponzi Scheme Caused The Latest Bitcoin Sell-Off
Bitcoin News1 day ago
Mysterious BTC User Claims He Is Hodling $10 Billion In Bitcoin
Bitcoin News4 days ago
Bitcoin Chart Perfectly Shows The Dominance Of BTC Over Altcoins
Bitcoin News1 day ago
Bitcoin Price Hesitates But Further Recovery Is Likely