Business
News with Jazz & Barra - Banking giant Goldman Sachs has led a $25 million strategic funding round for blockchain payments startup Veem, with participation also confirmed to Cointelegraph from Silicon Valley Bank on September 27. Veem, which utilizes digital ledger technology to increase the efficiency of small business payments, noted in their press release that the funding round also received participation from GV (formerly Google Ventures), Trend Forward Capital, Extol Capital, Kleiner Perkins, and Pantera Capital, among others investors.. Over the past week, altcoin Ripple’s (XRP) price has gone through the roof. It has seen an unprecedented 140 percent growth over the past seven days, up almost 63 percent in the past 24 hours alone, trading at around $0.61 at press time. One theory for price to shoot up is - xrapid launch.. xRapid is a blockchain-backed tool designed by Ripple for easing cross-border fiat transfers between financial institutions. Ripple hopes to use it to pioneer the mainstream financial system: After testing the platform to run payments between the United States and Mexico in May, it proved to save transaction costs by 40-70 percent. Bypassing conventional foreign exchange providers, xRapid also increased transaction speed to “just over two minutes.” In comparison, according to McKinsey research, typical international payments take between three and five working days to complete. Second theory More concrete Ripple-related news this week came from PNC, one of top ten largest U.S. banks with 8 million customers and retail branches in 19 states. On Wednesday, Sept. 19, Ripple announced that PNC had joined RippleNet to process international payments for its customers. “It’s one of the first major U.S. banks to use blockchain tech to streamline payments into and out of the country,” Ripple tweeted. Third theory FOMO is another reason obviously .. -------------------------------------------------------- Swiss luxury watch brand Hublot has unveiled its new watch Big Bang Blockchain in an official announcement September 19. The new model has been released to commemorate the upcoming 10th anniversary of Bitcoin As per Hublot’s release, the 210-piece limited edition can only be purchased with BTC. The number of units symbolises the fact that the number of bitcoins will never exceed 21 million. Major altcoin Ethereum (ETH) is about to see a “trend reversal and rally strongly” up to $1,900 per token by the end of 2019, according to Fundstrat head of research Tom Lee, as Bloomberg reported September 27. In a note to clients of Fundstrat Global Advisors, Lee noted the “overly negative” sentiment on the Ethereum market, which he says will be a basis for its strong rebound in the near future. Galaxy Digital CEO and infamous Bitcoin (BTC) supporter Michael Novogratz says cryptocurrencymarkets have hit “seller fatigue,” repeating his belief that prices have bottomed, various media outlets report Friday, September 21. Quote - “I think institutions are moving towards investing. It’s shocking how much has happened.” Bitcoin AUD Price @ www.coinspot.com.au (Australia's most popular exchange platform) - $9,124.62 on 30/09/18 @ 20:05 AEST) Crypto currency lovers ... ##Bitcoin #Litecoin #Ethereum #EOS #Dash #Monero #Ripple #Verge #Bitcoin cash #VeChain #Tron #IOTA #NEM #ICON #Verge #Civic #Aeternity #Augur #Wax #Cardano #Kleros #Exodus #Electrum #IOTA #Trezor #Ledger #Hyperledger Fabric #Electroneum #Steemit #Bitcoin cash #Horizan state #Stellar #Substratum #ReviewNetwork #NEM #PowerLedger #TravelbyBit #Dash Wallets - #Exodus #Electrum #Trezor #Ledger Cryptobabble Founders... Jazz Sidana and Mark Barra (Jazz & Barra)