– Microsoft released the Azure Blockchain Development Kit
– Herman Gref said that it will take one to two years for blockchain to get adoption on an industrial scale
– CIMB, the fifth largest bank in Southeast Asia, has joined Ripple’s blockchain-based payments network
– KuCoin has raised $20 million in its series A funding round
– Bitcoin Cash blockchain forked into two distinct networks
– Binance is adding support for Circle’s recently launched stablecoin, U.S. dollar-pegged USDC
Microsoft announced the release of the Azure Blockchain Development Kit which is built on Microsoft’s serverless technologies and integrates blockchain with Microsoft and third-party SaaS.
Software as a service (SaaS) is a software distribution model in which a third-party provider hosts applications and makes them available to customers over the Internet.
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Herman Gref, CEO of major state-owned Russian bank Sberbank, said that it will take one to two years for blockchain to get adoption on an industrial scale.
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Malaysian banking group CIMB, the fifth largest bank in Southeast Asia, has joined Ripple’s blockchain-based payments network, RippleNet, with the goal to develop a blockchain-driven remittance platform for faster cross-border payments.
Ripple’s technology will be used in CIMB’s SpeedSend remittance product, which is available in various Southeast Asian markets, including the Philippines, Japan, Singapore, Thailand and India.
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KuCoin, a Hong Kong-based international cryptocurrency exchange, has raised $20 million in its series A funding round led by IDG Capital, Matrix Partners and Neo Global Capital.
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Bitcoin Cash blockchain forked into two distinct networks, with two separate cryptocurrencies.
One implementation put out by leading bitcoin cash developer group Bitcoin ABC introduces a series of technical upgrades to the network, such as a reordering of transactions to increase block capacity as well as additional code to support greater interoperability between cryptocurrencies.
The other implementation, dubbed Bitcoin “Satoshi’s Vision” or Bitcoin SV, rejects these changes to instead restore retired code from the original bitcoin protocol and increases the block size from 32MB to 128MB.
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Binance, one of the world’s third largest cryptocurrency exchangs, is adding support for Circle’s recently launched stablecoin, U.S. dollar-pegged USDC, this weekend.
USDC/BNB and USDC/BTC pairs will be open for trading at 2018/11/17 03:00 AM (UTC)