Cisco Expects $10 Billion Market By 2021

One of the largest technology company in the world, Cisco believes that blockchain has the potential to grow to be a $10 billion market by 2021 and to hold as much as 10% of the world’s Gross Domestic Product by year 2027.

This practically means that within the next decade the company thinks that decentralized and permissioned blockchain may hold several trillion dollars worth of value.

The technology giant predicts a bright future for blockchain stating in a published report that the technology could very much become the norm for many industries within a couple of years.

It’s report stated that the main selling point of blockchain solutions is the technology’s potential of bringing new business value, automating trust and Improving security.

While some skeptics will argue that the projects of Cisco is too optimistic this is not the first time a major industry player has made some predictions as Deloitte and World Economic Forum made similar predictions in the past.

A Subsidiary Of Rakuten Awarded Virtual Currency Exchange License In Japan

The Japanese Financial Services Agency (JFSA) has approved the registration of Rakuten Wallet to be one of the few licensed virtual exchange in the country.

According to the eyes of the regulators the subsidiary of Rakuten, Japan’s Amazon, has satisfactorily complied with all the requirements to be fully legitimized and considered a virtual currency exchange.

Rakuten wallet was formerly known as Everybody’s Bitcoon which was acquired by Rakuten last year for 265 million yen ($2.5 million) and has undergone a series of structural changes to comply with the requirements of JFSA.

The company states that the Rakuten wallet will contribute to the growth of the crypto market as a virtual exchange company.

It will continue to provide enhanced security and services that will provide a venue where customers can trade safely and with confidence.

It has long been rumored that the Rakuten wallet will eventually find itself being integrated to the main e-commerce platform of Rakuten since it is a subsidiary of the e-commerce giant.

Tron Gets Listed On eToro’s Social Trading Platform

According to news reports, Tron (TRX) has been listed a one of the support digital asset in the United Kingdom-based social trading platform eToro.

This comes almost immediately after announcing the availability of eToro to the American public earlier this March.

The platform currently supports 13 cryptocurrencies and offers trading services to users in 32 U.S. States.

Tron is listed as one of the Top cryptocurrencies in the world by market capitalization with $1.55 billion USD and currently trading at around $0.023 during press time.

Tron recently announced partnership with major Stablecoin project Tether (USDT), planning to introduce a TRC20-basd USDT by the second quarter of this year.

Yahoo!-Backed Crypto Exchange To Launch In Japan Soon

It has been reported that the Japanese cryptocurrency exchange Taotao which was formerly known as BitARG will start trading by May.

The initial launch will support a limited range of cryptocurrencies which includes Bitcoin (BTC), Ethereum (ETH), with margin positions available in three additional cryptocurrencies: Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP).

The platform as started taking in new registrations and have initiated a promotional giveaway to promote the new exchange.

One of the major investors in Taotao is a subsidiary of Yahoo! Japan that has been reported to own 40% of the said virtual currency exchange.

The acquisition of Yahoo! Japan was made through its subsidiary YJFX which announced the intent to acquire major stake of the exchange for around 2 billion yen around $19 million.

This marks the entry of the internet giant’s foray into cryptocurrency exchange market.

Singaporean Blockchain Accelerator Gains Two Major Industry Leaders As Partners

Tribe, a Singapore government-backed blockchain accelerator has recently announced strategic partnerships with BMW and Intel.

This was revealed by a local news outlet last March 22, 2019.

BMW and Intel will be joining the likes of PwC, Icon foundation and Nielsen that will provide their expertise to startups selected by Tribe, a venture capital initiative primarily aimed in helping development of later-stage startups.

The move comes amid multiple blockchain-related phenomena finding home in Singapore’s regulatory environment which has been gradually made accommodating for distributed ledger technology startups.

This confirms Singapore’s resolve to maintain its status as one of the regions powerhouses in blockchain-related initiatives.

Headlines for the world of Cryptocurrencies - March 24, 2019 Facebook’s Facecoin Plan / Binance’s CEO Clarifies Issues Regarding Binance Launch Pad’s New Sales Format / Russian Crypto Regulation Bill Postponed Once Again / Midas Protocol Releases Universal Wallet with IDEX and Kyber Network Integration / Georgia Emerging To Be Crypto Powerhouse
Headlines for the world of Cryptocurrencies - March 23, 2019 Companies Are Investing Into Blockchains According To Coin Stats Founder / Will Binance Support Margin Trading? / Western Union To Offer Direct Mobile Wallets Delivery / BitMEX CEO Bullish On Bitcoin Predicts $10K Price For This Year / Bakkt ‘s Valuation Now At $740 Million
Headlines for the world of Cryptocurrencies - March 22, 2019 TOR Browser Now Accepting Direct Donations and Other Crypto / CFTC Working Diligently In All Crypto-Related Applications / tZero Exchange To Launch Bitcoin Trading App Mid Year / Japan’s SBI Holdings Establishing Crypto Mining Hardware Company / Canadian Crypto Exchanges Supports 130+ XRP Trading Pairs