Altcoins Largest Bank Of Norway To Research Applications For Distributed Ledger Technology Of IOTA Published 6 months ago on June 1, 2018 By Coinnounce - Coin Announcements Share Tweet As per a public statement, largest financial services firm of Norway, DNB ASA (Den Norske Bank) and the IOTA Foundation (IOTA) signed a memorandum of understanding (MOU). DNB and IOTA will now coordinate to investigate utilisations of the third generation distributed ledger (DLT), IOTA Tangle. As indicated by the official statement, the two firms will operate together to discover new business models over their particular ventures. Lasse Meholm, Head of DLT at DNB, said that one objective of the undertaking is to properly know about the technology and to let those at the bank who work with customers discover possibilities for new use cases. Meholm stated: “Among other things, the technology is designed to handle hundreds of thousands of microtransactions per second. We will not let go of the market associated with this ecosystem that arises around these transactions.” David Sønstebø, one of the founder’s of IOTA, said that he expects this could ease the relationship Norwegian banks have on the digital currency space. He said: “I hope and believe it. The IOTA Foundation will contribute to separating useless crypto-projects from the serious ones.” Prior this month, a digital currency exchange of Norway lost its body of evidence against Nordea Bank for shutting down its account. Nordea at first shut down the account of Bitmynt AS due to worries of insufficient anti-money laundering frameworks. Biggest bank of Norway and one of the largest in the Nordic nations in regards to market capitalisation ($238 billion), DNB ASA, had been been investigating blockchain technology through the R3 consortium. As indicated by the local news E24, DNB is currently working on projects with different technologies incorporating EOS, Ethereum and Hyperledger. Financial establishments around the globe are researching use cases of blockchain technology. Canada’s national bank, Toronto Stock Exchange operator TMX Group and non profit association Payments Canada, as of late finished tests demonstrating that blockchain technology is viable for momentary securities settlements. Prior this month, JP Morgan Chase and Co. recorded a patent for blockchain based peer to peer payments between banks. JP Morgan’s patent application proposes utilising a distributed ledger to proceed with payments, without relying on a trusted outsider to hold the genuine copy of the audit series. Related Topics:AltcoinBlockchainDecentralizedInitial Coin OfferingIOTA Up Next Huobi is releasing a digital currency based exchange traded fund Don't Miss Digital Currency Exchange BitTrade Purchased By Foreign Investor for $50 Million Continue Reading You may like The Battle: Bitcoin Cash ABC Vs Bitcoin Cash SV Covered: EOS Global Hackathon, United States Ripple Price Analysis: Will XRP fall below 0.5? Ethereum 2.0 Serenity: All you need to know Bitcoin Cash Price Analysis: Will BCH fall down? Dr Doom is back again: This time for Monero 2 Comments 2 Comments Pingback: What is Siacoin? Is this cryptocurrency worth investing? – Top Coins News Pingback: Blockchain Technology and Government Sector. – Official Blockchain News & Information Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Daily Price Analysis Ripple Price Analysis: Can XRP recover? Published 2 days ago on November 12, 2018 By Janet F. Sanchez MACD – The MACD for XRP is presently in the bearish zone. Strength Index– The RSI for XRP is floating close to the 50 level. Support Level – $0.5000 Key Points: XRP price moved up a little, however, it confronted a good selling close to $0.5250 against the US dollar. There is a fleeting bullish pattern line framed with support at $0.5050 on the hourly outline of the XRP/USD pair. The pair may keep on solidifying over the $0.5000 support in the following couple of sessions. Ripple price is at present exchanging a range against the US Dollar and Bitcoin. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone. Ripple Price Analysis Recently, we talked about that ripple price could recoup towards the $0.5200 level against the US Dollar. The XRP/USD pair moved higher and cleared the $0.5100 and $0.5180 resistance levels. The upward move was certain as the price even outperformed the $0.5200 level and settled over the 100 hourly straightforward moving normal. In any case, the price bombed close $0.5250 and the half Lie retracement level of the last drop from the $0.5610 swing high to $0.4860 swing low. The price topped at $0.5253 and later began a drawback amendment. It moved beneath $0.5150 and the 23.6% Lie retracement level of the ongoing wave from the $0.4872 low to $0.5253 high. The current price activity is sure over the $0.5000 support region. There is a transient bullish pattern line framed with support at $0.5050 on the hourly diagram of the XRP/USD pair. Moreover, the half Lie retracement level of the ongoing wave from the $0.4872 low to $0.5253 high is going about as a support. For whatever length of time that the price is over the pattern line, $0.5000 and the 100 hourly SMA, it could recoup by and by. XRPUSD 5 Day Chart Taking a gander at the graph, ripple price is right now uniting over the $0.5000 support. Purchasers will in all probability make another endeavor to push the price above $0.5200 and $0.5250 in the close term. Continue Reading #Daily Price Analysis XEM Price Analysis: NEM on a rise after Coincheck relisting Published 2 days ago on November 12, 2018 By Nadja Eriksson XEM Price showed a bullish trend earlier today as Coincheck exchange announced the relisting of the XEM coin. The XEM coin was delisted from the exchange earlier due to the hacking of the exchange that led to stealing of XEM tokens worth half a million dollars. XEMUSD 1 Day Chart XEM Price Analysis Support Level: $0.1177 Resistance Level: $0.1209 The price of the coin was trading around $0.092 just before the announcement of the relisting of the coin on Coincheck. Just a minute before the announcement the price started to rise tremendously and hit a high of $0.1223 showing more than a 28% rise in the last 24 hours. The coin is currently trading around $0.1188 with the major support at $0.1177 and the resistance at $0.1209. The XEM Token is ranked 15 according to market capitalization and showed the yearly high in January 2018 of $1.86. The coin is expected to experience some bearish hurdles while settling down to a notable price. Continue Reading #Ripple Ripple Updates: New office, XRP tip bot, Nasdaq, Trezor and more. Published 3 days ago on November 12, 2018 By Janet F. Sanchez Ripple has been quite steady in collaboration and advancements throughout the globe. Here are some of the recent advancements with respect to Ripple and XRP: XRP Tip Bot in Amazon Alexa The XRP Tip Bot is ready to be a part of the Amazon’s Alexa. This will allow Alexa Users to easily transact their XRP by using voice command on the Alexa Device. The Alexa application developer posted on Twitter on November 6 about Alexa’s implementation of XRP Hey @haydentiff, hilarious video yesterday!:D I have something new for you. I hope you guys own an Alexa at home 🙂 This will go into beta soon, so some people can try it out. But still needs some improvements first 😉 Thanks also to @WietseWind for the support with the API 🙂 pic.twitter.com/5LA6AFTckI — nixer (@nixerFFM) November 6, 2018 XRP likely to be listed on Nasdaq in 2019 A source from the National Association of Securities Dealers Automated Quotation Exchange (NASDAQ) said that the exchange’s crypto initiative in 2019 is surely interested in scalability and they cannot put apart XRP which is a top-level security cryptocurrency by market cap. The Nasdaq team also said that they believe that XRP is surely going to be the 2nd largest crypto in the future after bitcoin but there hasn’t been any official announcement for the same. Trezor Model T Trezor will likely list a list of more altcoins in the upcoming model T update of the Trezor Device which will include XRP as well. Cred to provide XRP backed loans Cred, which is a leading provider of cryptocurrency backed lending. This will help the XRP owners to get loans using their XRP as a collateral security without actually having to sell their tokens. Ripple Opening office in Dubai Ripple Labs has planned to open their new office in Dubai in order to get themselves a strong position in the middle east markets. Banks adopting Ripple’s Technology Japan’s MUFG Bank and Brazilian Bank Banko Bradesco have signed an MOU to start using Ripple Software to send cross-border payments between Japan and Brazil. The Banks will use just Ripple’s software XCurrent and not the XRapid which uses the XRP coin. Ripple also tweeted about the collaboration: .@Bradesco and @btmu_official are leveraging Ripple’s #blockchain technology to create a new cross-border payment service between Japan and Brazil. https://t.co/Q9c4TSkRr0 — Ripple (@Ripple) November 9, 2018 The level of collaboration that Ripple has globally has been rising day by day. However, the XRP investors are still waiting for the real adoption of XRapid which will use the XRP tokens for the transfers rather than just the XCurrent Software of Ripple Labs. 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