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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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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform https://www.altcoinbuzz.io/crypto-news/spotlight/bosscrypto-crypto-investment-and-education-platform/ Boss Crypto https://bosscrypto.co/buzz Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency https://coingape.com/yahoo-rakuten-progress-cryptocurrency/ Rakuten Wallet Launch Announced for March 30, 2019 https://www.ccn.com/rakuten-wallet-launch-announced-for-march-30-2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March https://cryptoupdate.ca/heres-why-crypto-maximine-coin-mxm-jumped-754-5-in-march/ https://www.coingecko.com/en/coins/maximine https://maximine.io/ eToro adds Tron TRX to its Platform with More than 10 Million Users https://www.altcoinbuzz.io/crypto-news/product-release/etoro-adds-tron-trx-to-its-platform-with-more-than-10-million-users/ https://twitter.com/Altcoinbuzzio/status/1110447607250210817 -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼https://t.co/A8E21UuBz2 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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