Ambrosus AMB

Market Cap $ 25.737 MM (#175)
24h Volume $ 802.069 K
Chg. 24h: 2.49%
Algo. score 3.2/5  (#391)
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Ambrosus News

@JohnOfOh @rusaurara @sspp444 @yashilou Apollo = 250,000 AMB...

@JohnOfOh @rusaurara @sspp444 @yashilou Apollo = 250,000 AMB Stake. Hermes = 150,000 AMB Stake. Atlas Omega = 75,00…

a day ago

Surprise Bull Run Pulls XRP Up Over 10%

After the market surged over the weekend, HODLers of XRP were slightly shocked as they were carrying the third biggest digital currency with them. When the surge peaked, the coin was reflecting a growth of over 10%, on par with the biggest gainer in the market, Ethereum. The coin is still up by over 10% in the past hour, at the time of writing, even when it began to track back to a more stable level. XRP is currently trading at $0.44 and is in the green with a 6% increase over the past day. Most cryptocurrencies are in the green today, showing a good sign for the week ahead. However, the recent hike saw it reach the level of $0.46, which is still a low from its weekly high of $0.52. Furthermore, this is coming off the back of a visit by the bears which made to price drop to $0.38, along with the whole market taking a bit of a beating by the bears (think Leonardo DiCaprio in The Revenant but not as bloody). Even after the bear period, XRP was one of the few coins which began a significant resurrection to take back its place in the $0.40 region. This marked its growth of 7.5% even as the rest of the market was having a difficult time finding momentum again. After coming back to life, the XRP price started to trade sideways, trading steadily around the $0.42 area. In the early hours of today, the price was pushed up out of the critical resistance, defined by the price movement over the past week. According to AMB Crypto: “The coin remains as one of the strongest growths in the past month, reflecting a whopping gain of 63% over that time period. As it were, the price movement over that time has established a few resistances for the price. These present themselves at $0.45, which has since been broken and at $0.54 and $0.58.” There are speculation of a coming bull run for the markets, if this speculation is accurate then could XRP see more gains soon? Let us know your thoughts and what you think down in the comments down below! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Surprise Bull Run Pulls XRP Up Over 10% appeared first on Crypto Daily™.

4 days ago

Bitcoin ETF Mover Is A Crucial Advantage

The digital currency ETF is a big part of the debate in a recent Bloomberg interview which had JP Morgan’s Asset Management Head of International ETFs, Bryson Lake on the panel. The interview looked at how JP Morgan believes in the latest mover advantage in terms of the digital currency market and ETFs. In the interview, Lake said: “We certainly do not believe that we have missed the ETF boat by long shot. In our opinion, the last mover advantage is the best. Take the example of Netscape, they launched well before Google but look where they are right now.” The official from JP Morgan went onto say that the business has been planning out strategies to in order to differentiate the assets for a long-term viewpoint. The interview also informed users that JP Morgan was 19th in terms of digital currency assets and was 5th for market flow which summed up to over 8.5 billion USD. JP Morgan has recently been in the news after the company announced that over 70 banks had joined up with them to be part of the interbank blockchain project designed by the company, according to a recent report by the Financial Times. The platform was named ‘the interbank information network’ or IIN. According to AMB Crypto: “The IIN project was started by JPMorgan back in October 2017 to overcome the delays in cross-border payments in the existing systems. The banking giant initially partnered with two other banks, the Royal Bank of Canada and Australia and New Zealand banking group [ANZ], to trial run the project for 11 months.” Lake also said that with the product range and the development must be competitive in the cryptocurrency industry. He pointed this out since the market has settled investors have responded in a ‘very positive way’. Even institutional traders have taken a shine in the crypto world, according to Lake. The Bitcoin ETF was also talked about by the SEC (securities exchange commission) recently. After a proposed change in rules submitted by Cboe BZX Exchange Inc. at the start of the year. The change in rules was intended to enable the trading of GraniteShares Bitcoin ETF which was proposed this year but was declined by a regulatory body. In the report by the SEC: “On August 23, 2018, the Secretary of the Commission notified BZX that, pursuant to Commission Rule of Practice 431,10 the Commission would review the Division’s action pursuant to the delegated authority and that the Division’s action pursuant to delegated authority had been automatically stayed.” googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Bitcoin ETF Mover Is A Crucial Advantage appeared first on Crypto Daily™.

7 days ago

Banking Giant Partnered With Ripple Goes Live With SWIFT Global Payments

The leading partner with Ripple, Santander has now teamed up with SWIFT to go live in four countries including, Poland, the UK, Spain and Argentina. The banking giant will be using SWIFT’s Global Payments Innovation GPI technology for cross-border payments. In the reveal it said: “With SWIFT gpi, Santander can now offer a rapid cross-border payments service - with real-time payments tracking and transparency on bank fees and foreign exchange rates.” The announcement also revealed that the banks aim is to go live in Mexico and Chile by the end of the year. On top of this, 80% of Santander cross-border transactions will be live on SWIFT GPI by the end of 2018. Moreover, they plan to extend to other countries by next year. Ever since the launch of SWIFT GPI last year, the banking giant and SWIFT have been working tightly in Global projects, looking massively on providing solutions for customers of Santander, suiting their location in the world. The GTB Head at Santander Espana, Eva Bueno Velayos spoke on the matter and said: “For us, SWIFT gpi represents a good opportunity to improve the experience provided to our clients in their international payments, making the process faster and more transparent while simultaneously making our internal processes more efficient. We are looking forward to advancing in the following phases in order to achieve the best possible service in our payments offering.” The Santander giant has been using Ripple’s payment solution for cross-border payments. In fact, earlier in the year, they released a RIpple powered application called, OnePayFX. In a recent interview, the Head of Innovation over at Santander, Ed Metzger stated that Ripple’s technology has improved their customer’s lives. According to AMB Crypto, Metzger spoke about OnePayFX and said: “We believe that financial services are moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.” The team at Ripple will be part of the upcoming conference for SWIFT, Sibos, which will be held from 22nd October to 25th October and they will start showing off RippleNet. What are your thoughts? Let us know what you think down in the comments below! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Banking Giant Partnered With Ripple Goes Live With SWIFT Global Payments appeared first on Crypto Daily™.

7 days ago

Bitfinex Stops USD Deposits To Their Exchange

The popular digital currency exchange, Bitfinex has reportedly stopped its USD deposits to their exchange. This news comes after last weeks, several rumours that the exchange was broke which made management forced to step up and deny the rumours that they were not bankrupt. The company has gone under inspection for the widespread use of the USD Tether stablecoin. However, there haven’t been any transparent audits which actually prove the stablecoin is backed by the US dollar. This is a serious situation for the market, with over $2.5 billion in the form of USDT. A digital currency news outlet, The Block has revealed that earlier today, the exchange has stopped all deposits of USD. At least, they have stopped them for now as they are expecting the situation to return to normal by next week. The same news outlet also reported that their new partnership with the popular bank HSBC, after reports emerged of their previous banking partner finding it hard to run. On their blog, Bitfinex said this on the matter: “Complications continue to exist for us in the domain of fiat transactions, as they do for most cryptocurrency-related organisations. However, we continue to do our utmost to minimise any waiting times associated with fiat deposits and withdrawals.” Their bank account is a private one under the name Global Trading Solutions and so it isn’t clear whether HSBC was aware that the exchange was banking with them. According to The Block who said: “Now it appears that the private account is no longer functional. Bitfinex currently has no active method of deposits as all USD, EUR, JPY and GBP deposits are paused.” Now, this is different from what was said by Bitfinex in their blog post explaining why they weren’t bankrupt or going bankrupt. They had said: “Verified Bitfinex users can freely withdraw Euros, Japanese Yen, Pounds Sterling and U.S. Dollars.” Twitter users are also reporting the issue, with USD withdrawals currently being temporarily stopped for many. There is speculation that the recent drop in the price of Bitcoin was due to the rumours of the withdrawals being stopped. If you decide to attempt to deposit USD anyway you will be met with this message: “USD Wire Deposits Temporarily Paused. We expect the situation to normalize within a week. We apologize for the inconveniences.” What are your thoughts? Let us know what you think down in the comments below! Reference: AMB Crypto googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Bitfinex Stops USD Deposits To Their Exchange appeared first on Crypto Daily™.

7 days ago

Ambrosus (AMB) Partners with Korean Food Producer to Track Beef

The globally decentralized blockchain and IoT platform Ambrosus (AMB) has announced a partnership with the subsidiary of the Korean food producer Nongshim to track beef sold by the food retailer Mega Mart. AMB plans to use the AMB-NET blockchain to create a tracking model that allows company partners and consumers of Mega Mart to access information about the history and transportation of each cut of beef. The overall goal is to create more transparency and quality assurance in the supply chain space that has historically been complex and difficult to track. (JF)

9 days ago

Ambrosus partners with Korean food producer and retailer to provide traceability for beef

CryptoNinjas Ambrosus, the globally decentralized blockchain, and IoT platform, has partnered with NDS, a subsidiary of Korean food producer Nongshim, to track and trace premium quality beef sold by food retailer Mega Mart. Using the AMB-NET blockchain, Ambrosus... Ambrosus partners with Korean food producer and retailer to provide traceability for beef...

9 days ago

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