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Blockchain Startup Adhara Secures $15M USD Investment From ConsenSys

Blockchain startup Adhara has secured a $15 million investment from blockchain specialist ConsenSys. Adhara is a blockchain startup that aims to bing privacy to central banks. It was founded by former banking innovators, such as Julio Faura, Santander’s former blockchain lead, Peter Munnings, former head of blockchain at FirstRand Bank in South Africa, and Edward Budd, former chief digital officer at Deutsche Bank. The startup is building a real time, multi-currency global liquidity management and international payments platform based on tokenized money over a smart contract-enabled distributed ledger. The platform will optimize bank’s capital deployment, manage risk and leverage liquidity effectively globally. It will also atomically clear and settle tokenized fiat payments with settlement finality making them timely and cost effective. The company will use the investment from ConsenSys to further develop its platform in order to introduce central banks to high-tech cryptography to drive better performance on the blockchain. It will also continue its work with the South African Reserve Bank (SARB) on an industry-grade payments mechanism. “We have an excellent technical team who have worked for many years on enterprise ethereum solutions with banks and regulators including project Ubin with the Monetary Authority of Singapore and Project Khokha with the South African Reserve Bank,” Munnings said. Faura said the company is “religious” about the holy trinity of tokenized cash, smart contracts and decentralized ledgers. “Our approach needs a single, shared, smart contract-enabled ledger where tokenized fiat can be issued and used as a basic building block,” said Faura, “And the only real option out there at the moment is ethereum, in whatever flavor. If you are religious – like we are – about tokenization, you can see it unlocking possibilities to mix this with other assets; trading with a digital representation of value means you can focus on other aspects of the financial industry.” Joseph Lubin, ConsenSys founder and Ethereum, said in a statement that they invested in Adhara because the company has a track record of delivery. “We believe they can play a leading role in establishing the future of decentralized financial networks for regulated environments,” Lubin said. The post Blockchain Startup Adhara Secures $15M USD Investment From ConsenSys appeared first on BlockTribune.
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Adhara Blockchain Startup Secures $15 Million to Bring DLT Privacy to Central Banks

Adhara Gets $15 Million Funding to Bring Blockchain Privacy to Central Banks Adhara, a blockchain startup has won $15 Million Funding from Consensys, the ethereum design studio to bring blockchain privacy to Central Banks. The company is an offshoot of Consensys South Africa, with Peter Munnings, former head of blockchain at FirstRand Bank in South Africa, as one of the co-founders. The other two co-founders are also heavy hitters: Julio Faura, Santander's former blockchain lead, and Edward Budd, a former chief digital officer at Deutsche Bank. Terms of Adhara’s funding stipulates that the company will introduce central banks to high-tech cryptography to drive better performance on the blockchain. A case in point is zero-knowledge proof technology (a way of allowing someone to prove that they have knowledge of a secret without revealing the secret itself). It is expected to achieve these while continuing its industry-grade payments mechanism of the South African Reserve Bank. Julio Faura said the team is keen about the synergy of tokenized cash, smart contracts and decentralized ledgers, which, on Adhara's platform, was implemented via a modified version of Quorum, the privacy-centric fork of ethereum. “Our approach needs a single, shared, smart contract-enabled ledger where tokenized fiat can be issued and used as a basic building block,” said Faura, “and the only real option out there at the moment is ethereum, in whatever flavor.” Faura spoke further that “If you are religious – like we are – about tokenization, you can see it unlocking possibilities to mix this with other assets; trading with a digital representation of value means you can focus on other aspects of the financial industry.” Edward Budd also highlighted the much-vaunted concept of tokenized fiat currency, saying: “Whether derived from a central bank or a commercial bank, it's the only practical way to drive adoption within regulated financial institutions.” Faura explained that his decision to leave his former employment was driven by his passion to solve real-world problems – something he said is hard to do within a large and highly regulated bank. “The challenge today is bringing blockchain technology to real things, and I think this is best done from an agile startup that can independently serve many institutions,” he said. Adhara's work demonstrates a notable advancement on another central banking blockchain test, Project Ubin – a November 2017 trial of digital ledger tech hosted by the Monetary Authority of Singapore (MAS) and involving R3's Corda, Hyperledger Fabric and Quorum. The work done by Adhara to process and settle international payments involving the South African Reserve Bank (SARB), dubbed Project Khokha, addressed a number of pain points, such as reconciling what happens at either end of a payment between a mish-mash of disconnected ledgers and the problem of continually rebalancing accounts via the central bank.
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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.
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Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health
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Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin https://boxmining.com/tether-to-issue-rmb-cnht-stable-coin-rumor/ https://www.asiacryptotoday.com/tether-to-make-a-chinese-rmb-pegged-token-called-cnht https://cointelegraph.com/news/ukraine-crypto-miners-arrested-for-compromising-nuclear-plant-security https://www.coindesk.com/bitcoin-miners-halt-operations-as-rainstorm-triggers-fatal-mudslide-in-china 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: https://www.youtube.com/c/boxmining 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Enjin Wallet: http://boxmining.co/enjin 👍🏻Unstoppable Domain: http://boxmining.co/unstoppable 📲Binance Exchange : http://boxmining.co/binance #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: https://t.me/Boxdatamining Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
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Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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