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IT Giant Fujitsu Is Planning to Deploy Multiple Blockchain Business Models, Department Store Operato

Yes, Bitcoin Has no Intrinsic Value. Neither Does a $1 Bill

BITCOIN: FAD OR the future? The question has dogged the digital currency since its inception nearly a decade ago, and recent developments raise it anew. Last week, a new variant of bitcoin emerged via a “fork” in its underlying code, threatening to confuse and divide the still-small world of bitcoin adherents. Meanwhile, the price of a coin has soared to record heights above $3,000, from about $1,000 at the year’s beginning. Read the full article here

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Category: Bitcoin

Image & article ref: wired.com

Bitcoin Price Will Likely Increase to $5,000 Post SegWit: Reasons & Trends

Previously, Cointelegraph reported that RT host and financial analyst Max Keiser predicted Bitcoin price to “cruise through” $5,000 in the short term.With the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit) lock-in achieved, the market and investors are expressing their confidence in Bitcoin and its ability to scale.Read the full article here

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Category: Bitcoin

Image & article ref: cointelegraph.com

Department Store Operator Begins Testing Bitcoin Payments in Japan​

A department store chain has become the latest mainstream retailer in Japan to accept bitcoin payments.In partnership with cryptocurrency exchange bitFlyer, Tokyo-based Marui is testing bitcoin payments at one of its locations in Shinjuku. During the trial, which runs through October 31, it will set a cap of ¥100,000 (about $900) on bitcoin transactions.The announcement is notable as Marui operates a number of department stores throughout Tokyo and Kyoto. Further, it comes at a time when merchants in Japan are showing an increasing interest in embracing cryptocurrency – one that finds them out of step with their peers internationally. Read the full article here

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Category: Bitcoin

Image & article ref: www.coindesk.com

Railsbank, a new fintech startup from founder of Currencycloud, raises $1.2M led by Firestartr

Railsbank, a relatively new fintech startup co-founded by CEO Nigel Verdon, who previously founded money exchange and payments platform Currencycloud, has raised $1.2 million in a funding round led by seed investment firm Firestartr. The company, yet to see its full launch and over a year in the making, offers what it describes as an open banking and compliance platform aimed at other companies, including other fintechs, that have global banking requirements that need to be accessed programatically via an API. Read the full article here

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Category: Fintech

Image & article ref: www.techcrunch.com

IT Giant Fujitsu Is Planning to Deploy Multiple Blockchain Business Models

Fujitsu has revealed new details on its plans to monetize its work on Hyperledger's Fabric blockchain. One of several companies credited with helping build the core of the enterprise-focused distributed ledger platform, Fujitsu is now embarking on what it described as a two-fold plan to commercialise its progress.As additional tweaks are made to the modified version of the codebase, the Japanese firm intends to begin selling customers services designed to increase the efficiency of both internal corporate operating systems and operations that connect potential clients. Read the full article here

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Category: Blockchain

Image & article ref: www.coindesk.com

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