XRP Led Cryptocurrency Exchange By AlphaPoint

AlphaPoint which is one of the renowned cryptocurrency services and advisory firms will be powering and organizing a newly set-up decentralized exchange as per the valid source of the company. As per the company’s source, DCEX which is a San Francisco based marketplace has opened registration for its platform. However, clients will not be able to initiate its trading activities over the next few weeks.

On the transactional summary front, the exchange uses XRP as its base currency for the variety of transaction. Having said that there are many trading pairs that are denominated in the third largest cryptocurrency by market cap as said by the CEO of Alpha Point. With this, DCEX has announced to offer collectively 15 trading pairs that also included XRP, Litecoin, Bitcoin, Ethereum Classic, Vechain Zcash among other cryptocurrencies. Additionally, it will include ADA and NEO trading pairs in a month time. Besides all this in place, DCEX received the access to 10 coins listed in the Bloomberg Galaxy Crypto Index that included EOS, Dash, Monero, etc.

The exchange is organized on AlphaPont’s distributed ledger with XRP as a base to execute funds related transactions faster with low transaction costs. The XRP ledger is designed for organizing high execution speeds and transaction settled in a couple of seconds that adds value to traders. The newly set up crypto exchanges was made it public the moment after AlphaPoint successfully raised $15million through first round venture capital funding. The capital raised through Galaxy Digital that is the cryptocurrency merchant bank owned by Mike Novogratz a billion dollar investor.

 

The Shift In Senior Management Team By AXEL

The technology solutions provider on digital data and content perspectives, AXEL appointed Michael Conn as the Chief Strategy Officer that leads and executes the upcoming launch of AXEL Token and organizing its blockchain platform.

Micahel Conn who is going to leverage his strong domain expertise on blockchain technology and cryptocurrency will add value towards the AXEL’s blockchain venture said by the Chief Technology Officer & President of the company, Ben Ow.

Besides, Conn will be responsible to impart its major interest in the institutional blockchain and cryptocurrency from around the world. With this, he will strongly keep an eye on the upcoming Token Generation Event to be organized at the company and would strive for growth of the AXEL Token.

Erstwhile, Michael Conn served as the co-founder and Chief Financial Officer of Ether Capital which was the first Ethereum based publicly traded company that raised USD45 million through a private placement.

AXEL allows its users to use their data which are easy to use through the patented technology solutions for file sharing, access, transfer, security, and privacy thereby streamlining and integrating on the secured platform–Blockchain-Technology.

Cryptocurrency Mining Apps Warns from Google

The global search engine driver – Google has redefined its Play Store policies especially for mining cryptocurrencies like Bitcoin, XRP, Ethereum following the same step, was taken by Apple that updated its policies pertaining to App Store Review Guidelines by introducing the new section restricting of cryptocurrency mining apps.

 

Google’s step towards updating Play Store policies & guidelines has been very clear when it comes to using apps that handle Cryptocurrencies and related transaction. However, the restricted policy in place by Google, it is also allowing apps which remotely manage the mining of digital currencies.

 

The Google steps remarkably the same what Apple did in its guidelines. The excerpt from the Apple’s Guidelines as follows:

 

“Mining is performed in the cloud or otherwise off-device”.

 

Google reviewed all those apps that have proved to be offensive material in themselves. It restricted all those apps that are believed to be in the line of violence, self-harm, hate speech among others.

The Android technology platform having around two billion monthly users in the first half of 2018, whereas Google’s Play Store has seen more than 35 billion apps downloaded. However, there are a variety of apps on Google Play Store that uses smartphones processing power to mine and transact cryptocurrencies. The more critical is the Cryptojacking that affect several apps today especially when scammers insert the mining software into other apps.

 

No matter which technology you use, Google is always inclined towards the best control system in place that allows users to be with it for a longer period of time!!

 

Malta’s New Regulatory Framework is announced

Now that the Blockchain industry has become well-known through its value-added activities in place, the regulatory authorities worldwide have commenced and updated their framework that makes the perspective more practicable and fashionable in the today’s competitive world. As per the valid source, the Malta Chamber of Commerce and Enterprise and Industry in a joint intellectual effort with EMCS executed the informative session about the new buzzword – Blockchain Legislation that was approved by the Maltese Parliament just recently.

 

While addressing the recent event called ‘Blockchain – The New Regulatory Framework’, according to Malta Chamber of Commerce, Enterprise and Industry’s president – Frank V. Farrugia, “the Blockchain technology has a great potential to create the new foundations for global economic and social systems except than to be a disruptive force for traditional business models”. In short, the blockchain technology can change the dynamics of the business models of the industry by adding most value-added process like, a decentralized platform that makes transaction smoother, transparent and faster.

 

Additionally, he added that the blockchain system provides corporations worldwide with efficiencies in global supply chains, financial transactions with decentralized social networks in place. He said that it was the right step toward the new development in blockchain industry by genuinely welcoming the recently approved regulatory framework.

 

When we discuss the strategic profile of Malta, it is one of the first countries to implement regulatory frameworks in order to attract new capital investments likewise how it organized in the past in a variety of sectors like aviation, financial services, gaming, pharmaceutical companies. As per the valid source, Silva Schembri said that “Malta is one of the first world jurisdictions that offers a completely holistic approach to regulate Distributed Ledger Technology”.  Based on the conversation of Schembri, we can expect  that the upcoming policy framework will definitely attract more investors from around the world thereby creating Malta one of the investment horizon landscape. The world will come to know that how far Malta has reached to be an innovation pioneer!

 

Besides this, the establishment of the Malta Digital Innovation Authority (MDIA) will focus on innovative technology arrangements and their uses. Initially, the authority will undertake all those tasks that focus on Distributed Ledger Technology and related smart contracts. However, at present, the authority keeps an eye on laws and regulations pertaining to public consultations and collecting feedback regarding the industry. The new technology will impact a variety of industries for sure. According to analysts community in Malta, they see the proposed regulatory framework to ensure to protect investors interest thereby promoting market integrity and safeguarding financial stability.

 

As per Dr. Sapiano’s comments towards the policy framework, he says that “operators should follow certain ethical requirements pertaining to anti-money laundering transactions among others ethical standards in place”.

 

 

In a technical presentation explaining the Virtual Financial Assets Act delivered by Silvan Mifsud – a senior manager at the EMCS advisory services, he explained “how Distributed Ledger Technology assets under the Act with licensing process of ICOs and that of Virtual Financial Assets service providers with the financial instrument test and the anti-money laundering requirements in place”.

 

Needless to say that the MDIA Act in Malta focuses on guiding principles for the authority in supporting the development of innovative technology. The banks and financial institutions will see the progress in the space of Distributed Ledger Technology as banks are always inclined to utilize innovative technology for their customers and so they may pass the benefits of the technology for their customers according to the Chief Business Development officer at Bank of Valletta, Kenneth Farrugia. And not only that, the Distributed Ledger Technology will offer its solution on a variety of perspectives like operational efficiency through automation, customer experience through cost savings among others benefits in place. However, the banks have to analyze the benefits of the technology from a variety of angels advised by Mr. Farrugia.

 

In a nutshell, Malta will create a competitive advantage by gaining first mover’s advantage on global perspectives with proper regulations in place, especially for blockchain industry.

 

Let us not forget that the long-term story for the blockchain industry is so awesome. So be patient and reap the incremental benefits when they accrue!!

 

Oracle Blockchain Surmounting 50% Revenue Growth

The pinnacle of 50% revenue growth expected from the adoption of Oracle Blockchain Cloud Services by the Nigerian Customer Service. As per the valid source from Nigeria Customs Service, Aber T Benjamin an Assistant Comptroller – General Modernisation, he said that his organization used Oracle’s blockchain to build a trusted platform for the automation of Customs Excise Trade business processes and procedures. Additionally, he said that while using the blockchain technology, the entire business environment will be moved to blockchain to automate processes thereby creating transparency and predictability. Once the process transition is completed successfully, the revenue growth can increase by about 50 percent as predicted by Nigerian Customer Service.

The technology will definitely help to create a trustworthy business through undeniable data on goods manufactured in the country. On strategic front, the successful completion of the Proof of Concept, the entire business environment of Customs can be moved to blockchain in order to automate as much customs processes as possible thereby creating accountability, transparency, and predictability. On the financial number front, Nigerian Customer Services recorded revenue upwards of N1 trillion last year as compared the budgeted revenue of N770 billion. Needless to say that the blockchain technology-led business is more secure with the efficient supply chain management on a global basis as the technology is used where it allows to transacting with cryptocurrencies.

According to Oracle Cloud Platform’s Executive Vice President Amit Zaveri, “the blockchain technology has the power to change the dynamics of the businesses and to transform each and every transaction more cost effective and transparent manner”. With this, Oracle Blockchain Cloud Service provides customers with a developed platform to build their own networks and to quickly integrate with Oracle PaaS and third-party applications that they use. It enables users in a variety of ways like deploying and running smart contracts to update and query the ledger system, joining other organizations.  Additionally, the Oracle’s blockchain platform leverages the company’s decades of experience across multiple industry verticals as well as an extensive partner ecosystem to reliably execute transactions with all stakeholders like banks, suppliers among others.

As soon as the business incorporates the technology like blockchain, it becomes transformative. Now that Oracle’s platform in place, any enterprises can enhance their business by eliminating unnecessary hurdles, processes and executing transaction through the distributed networks more transparently. It also helps accelerate time to market and multiple returns with the help of the most value-added technology blockchain. According to Robert Parker, a Group Vice President of Manufacturing and Retail Insights at IDC, “Blockchain projects are quickly becoming the mainstream activities where both enterprises and governments would see the inherent value of distributed ledgers and smart contracts”.

Let us not forget that when in business with capital expenditure in place, company would require an enterprise-class platform that creates values including data security, integrity, scalability beyond open source. So you must be prepared to reap the enormous benefits of Blockchain technology thereby creating value to your enterprise and to all your stakeholders!!