#CryptoCorner: #Bitcoin Flirts with $6000, Wipro (NYSE: $WIT) and R3 Developing Interbank Settlements with CBDC in Thailand, Microsoft (NASDAQ: $MSFT) Azure Releases #Ethereum Development Kit
#CryptoCorner: #Bitcoin Flirts with $6000, Wipro (NYSE: $WIT)
and R3 Developing Interbank Settlements with CBDC in Thailand, Microsoft (NASDAQ:
$MSFT) Azure Releases #Ethereum Development Kit
Point Roberts WA, Delta BC, May 7, 2019 -
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May 7
Crypto Corner
Stocks discussed: (NYSE:WIT) (Nasdaq:MSFT)
Bitcoin (BTC) has reached a new high for 2019 with a
trading price of $5977 at press time, according to data from CoinMarketCap.
The flagship cryptocurrency saw an initial rally starting last Thursday at
around $5400 and going into the weekend to reach over $5800. Bitcoin has a 56
percent market dominance with a $105 billion market cap. The majority of
altcoins listed by market cap are in the green today as well, pushing total
market capitalization to $189 billion at press time. Ether (ETH) is about seven percent in the green with
a trading price of $176. This growth could be a response to the news reported
on yesterday’s Crypto Corner, that the CFTC might be open to
approving an Ether futures contract.
Global information
technology, consulting and business process services company Wipro Limited (NYSE:WIT) and enterprise blockchain software
firm R3 have partnered to enable interbank settlements with digital currency in
Thailand, according to a press release today. The blockchain solution
is the first phase of Project Inthanon, an initiative led by the Bank of
Thailand, and which will apply de-centralized interbank real-time gross
settlement (RTGS) using Central Bank Digital Currency (CBDC) to the central
bank and eight commercial banks in the country. Krishnakumar N Menon, Vice President
and Blockchain Theme Leader, Wipro Limited said:
“We are delighted to have worked on Project Inthanon
with R3 and be a part of a national-level fintech initiative. The DLT-powered
solution prototype has demonstrated the merits of blockchain technology
adoption for making interbank payments more efficient. Building a blockchain
prototype for issuing digital currency aligns with our vision of driving
industry transformation through real-world applications of blockchain.”
Microsoft (NasdaqGS:MSFT) yesterday released an Ethereum app development kit as
part of their Azure Blockchain platform. The kit gives developers the option to
build using the Azure Blockchain Service, the public Ethereum network and open
source blockchain tools like Solidity and Truffle. Chris Pietschmann, Microsoft
MVP (most valuable professional) and founder of BuildAzure.com, said:
Sure, there have been Solidity and other Blockchain
technology extensions for Visual Studio Code published by others in the
community, however now there is also an official set of tools published by
Microsoft. This proves even further the investment and dedication that
Microsoft is putting forth towards the use of Blockchain ledger technologies in
the Enterprise, or even on the public blockchain networks.
Chinese social
media and payments service provider WeChat has banned cryptocurrency
transactions, according to a tweet from Dovey Wan, founding partner of
cryptoasset investment firm Primitive Ventures. The tweet indicated that users
will have their account terminated for partaking in crypto transactions. Dovey
Wan added:
“Given most OTC transactions are happening in wechat,
this may impact local liquidity to quite some extent”
Sam
Mowers, Investorideas
Read other editions of the Crypto Corner
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