Summary:
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Capital One, an American banking giant, considers using blockchain technology in authentication process
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JD.com, a Chinese e-commerce behemoth, launches Blockchain Open Platform
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Bitcoin (BITCOIN on xStation5) fails to break above the $6500 handle
The weekend has not brought any major moves on the cryptocurrency market. Investors launched Monday’s trade in downbeat moods as most major cryptocurrencies take a minor step back. The capitalization of the whole cryptocurrency market stands a little above $212 billion whereas the Bitcoin market capitalization sits slightly above the $110 billion mark. Today’s newsflow concerns the Chinese giant’s new blockchain-related platform and another blockchain-related patent application from the US.
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BITCOIN price once again failed to break above the $6500 handle thus this area may be a relevant roadblock for BITCOIN bulls in the nearby future. The cryptocurrency is trading a notch above $6375 at press time. Source: xStation5
JD.com, a Chinese e-commerce giant, is launching a new platform for institutional customers. According to the official release published on Friday, the blockchain-related platform is called JD Blockchain Open Platform, and it is aimed at helping companies build, host and use blockchain applications in operations management. The Blockchain Open Platform is the not first blockchain-related idea of the Chinese behemoth as the company has been researching the technology for some time. JD.com is the largest Chinese retailer, and it is also a member of the Fortune Global 500 (a list of half a thousand largest companies all over the world).
ETHEREUM launched the week with declines. The virtual currency stopped in the vicinity of the $300 handle. The digital currency is fluctuating subtly above $280 at press time. Source: xStation5
The second news comes from the US where the Capital One, US-based banking giant, has applied for a blockchain-related patent. The company considers using blockchain technology in user authentication. Given the decentralized structure of the blockchain, usage of this technology in the authentication process could ensure both, safety of the data and the efficiency of the whole process.
Despite some intraweek losses RIPPLE managed to finish last week with minor gains. Do notice that the price has once again reversed from the vicinity of the $0.35 handle over the weekend. Source: xStation5
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