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Digix (DGX) gold token now supported on Tangem physical card device

Digix (DGX) gold token now supported on Tangem physical card device - CryptoNinjas Digix, the gold-backed smart-asset company on the Ethereum blockchain, has announced a new partnership with Swiss blockchain ‘smart-card’ provider, Tangem. Digix harnesses blockchain technology to account for the provenance, verification, and storage movement of physical gold bars for retail investors. Investors are issued with an equivalent digital proof, called DGX. Each digital equivalent of DGX […] Digix (DGX) gold token now supported on Tangem physical card device - CryptoNinjas
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Saifu enables cryptocurrency payments with Tangem’s hardware wallet

CryptoNinjas Saifu, a licensed payment service provider, announced today that they teamed up with cryptocurrency hardware wallet manufacturer, Tangem. The joint offering of Tangem and Saifu will give customers an opportunity to use crypto payments as easily as fiat ones. As a licensed financial institution providing online banking as a service (PSP in Europe + API […] Saifu enables cryptocurrency payments with Tangem’s hardware wallet
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SBI Group Puts $15 Million USD Into Tangem, the “Smart Card” Wallet Manufacturer

One of the largest Japanese financial companies, the SBI Group, has decided to invest $15 Million USD in Tangem, a “smart card” cryptocurrency wallet manufacturer. With this new investment, Tangem will relocate its business to another country. Now the company will move to Zug, Switzerland, home of the so-called Crypto Valley, the largest crypto hub […]
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Swiss Tangem To Issue Crypto For Marshall Islands

CoinSpeaker Swiss Tangem To Issue Crypto For Marshall Islands Some governments have so much belief in cryptos that are ready to absolutely legalize them. The first jurisdiction to issue a legal cryptocurrency in February 2018 was the Marshal Islands, where authorities ordered the circulation of the digital currency along with US dollar. They have gone further, deciding to have a digital national currency. Such a currency will be issued by Switzerland-based smart card wallet manufacturer Tangem. The announcement has been made by Tangem that will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. When issued, SOV will join the U.S. dollar as the official legal tender of the Republic of the Marshall Islands(RMI). According to the press release, this initiative of issuing physical notes will “ensure all citizens of the Marshall Islands” to “have fair and equal access to their digital currency, whether or not they have [an] internet connection.” SOV will be completely backed by blockchain technology. Due to the immediate transaction validation, zero fees and no Internet connection requirements for the end users, Tangem banknotes will enable the off-chain physical circulation of the SOV among all SOV holders and will not impose the technical infrastructure burden on the RMI. Each Tangem card will take the form of a unique physical banknote with a secure blockchain-enabled microprocessor inside. The banknotes are expected to be absolutely transparent and secure. Combining both the advantages of paper notes and blockchain technology, SOV will represent a controllable mechanism of currency issuance and circulation for the state. David Paul, minister-in-assistance to the President of the Marshall Islands, commented: “We are excited to bring in Tangem as another reputable and forward-thinking partner on our journey to create the world’s first sovereign digital currency. Tangem will help us ensure all citizens, including those living on more remote outer islands, are able to easily and practically transact using SOV.” As Tangem co-founder Andrey Kurennykh said, the initiative demonstrates the wider adoption of digital currencies, and for the Marshall Islands, it is a truly revolutionary experiment that can attract a lot of crypto enthusiasts and investors there. Andrey Kurennykh said: “We are excited to partner with the Republic of the Marshall Islands to do something that has never been done before: issue a digital currency as official legal tender. As the IMF has noted, the world is moving towards the widespread adoption of digital currencies, and we are excited to support the birth of the new global digital economy.” Other National Cryptos SOV is not the first cryptocurrency supported at the governmental level. Everybody has heard of Petro, oil-backed cryptocurrency issued by the government of Venezuela. The President has made a lot of efforts to promote Petro. He forced local organizations to use it as an official accounting unit and linked the pension system to the Petro. The launch of the Petro was viewed by the country’s government as a tool to overcome the hyperinflation and to combat with the sanctions imposed by the U.S. Venezuela’s President Nicolas Maduro believes a lot in Petro. Despite there were some doubts about the existence of this oil-backed crypto, this currency really exists, which has been recently proven. Swiss Tangem To Issue Crypto For Marshall Islands
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High ETH Prices Are (Finally) Good For Ethereum

Things are looking pretty bullish for Ethereum (ETH). The Ether price has surged by over ten percent in the past couple of days, and crossed above the psychological $200 barrier earlier this afternoon. That could be a strong buy signal for technical traders, as Crypto Briefing analysts reported yesterday.   Source: CoinMarketCap How High ETH Prices Harm Ethereum But what does a high Ether price mean for the smart contract network? There’s an obvious benefit for speculators and miners. But past experience has shown that anyone seeking to build dApps or just use the network could be severely hampered when markets turn bullish. That’s because the higher ETH prices get, the more expensive it is to use the platform. Users have to pay for everything they do on the network, from smart contract computations to token transfers. Rising gas fees could push end-users onto cheaper alternatives, like EOS or TRON, which offer similar functionality with lower fees. At least, that’s the received wisdom, which so far seems to be supported by experience. And it’s still technically true today: when it comes to using the ETH network, the downsides of a high Ether price tend to outweigh the advantages. Does Expensive ETH Mean A Stronger Network? However, Ethereum is (eventually) transitioning towards a Proof-of-Stake consensus model, which will require a financial commitment in order to participate. Instead of mining blocks through proof-of-work, block-producing nodes will have to stake ETH tokens as collateral in order to validate the network. That could have a significant impact on Ether’s market dynamics. Stakeholders will risk losing their hodlings if they fail to maintain connected and up-to-date node software. An expensive ETH would provide a strong disincentive to malicious or careless actors on the network. “If the chain is going to be secure, then there are inherent benefits from having high-valued Ethereum,” explained Nic Carter, Partner at Castle Island Ventures, in an interview with Laura Shin. A high Ether price, he added, would also provide “high-powered collateral, for DeFi applications for instance.”  Carter also pointed out that most networks have become too preoccupied with one or two “glamour metrics,” which may burnish their credentials but do not represent credible advantages. EOS, for example, has focused solely on scalability at the expense of decentralization. One tradeoff of those high speeds is that EOS relies on a small group of validators, which could present a systemic risk if they decided to collude or otherwise abuse their privileged positions. Ethereum’s key advantage is that it is the only platform with a vibrant community, Carter added, which comes with an “organic groundswell of usage and development.” Because of that organic usage, investors may be attracted to hold ETH for the long-term. “I think we noticed a little bit of a recalibration where initially [Ether] was computational gas,” Carter went on to say. “More recently, certain high-profile Ethereans have been saying, ‘well actually Ethereum itself is money.'” A strong Ether price could still push people off the network, but the community has been exceptionally resilient to market volatility and rival platforms over the past two years. The burgeoning DeFi space, and the added security after transitioning to Proof-of-Stake, could make high prices a net positive for the Ethereum network. The post High ETH Prices Are (Finally) Good For Ethereum appeared first on Crypto Briefing.
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