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JPMorgan Seeks to Merge Blockchain Unit With Ethereum’s Consensys

JPMorgan Seeks to Merge Blockchain Unit With Ethereum’s Consensys

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$10,340

Bitcoin value has smashed by the $10,000 mark in the present day, in a robust 6% upward transfer.

Top-20 altcoins have responded excellently, with Ethereum gaining 16% and XRP 7%. Binance Coin and Huobi token have cooled off, each dropping worth in the present day.

Top Stories for February 12, 2020 🔥

👉 JPMorgan Seeks to Merge Blockchain Unit With Ethereum’s Consensys

JPMorgan Chase has been reported to be searching for a merger of its blockchain unit, with well-known Ethereum tech firm Consensys.

The blockchain unit, known as Quorum, can be Ethereum-based, and has a group of 25 members worldwide.They have beforehand labored with Consensys in joint initiatives.

👉 Fed Chairman Acknowledges Need for Private Crypto Transactions

Fed chairman Jerome Powell spoke in entrance of the House Financial Services Committee in the present day, on the subjects of the US financial system and financial coverage.

The testimony acknowledged the necessity for privateness in cryptocurrency, in addition to the potential implications of Facebook’s Libra undertaking on financial coverage.

👉 Report Shows North Korea Focusing on Mining Monero

Recorded Future has printed a report claiming that North Korea has made a aware effort to ramp up cryptocurrency mining operations, with a deal with Monero.

Whereas the nation was mining Bitcoin and Monero equally final 12 months, this 12 months has proven a “tenfold increase in Monero mining activity from North Korean IP ranges”.

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