Join the Patreon.com/DollarRiot community

JPMorgan Launches Live Programmable Payments With JPM Coin, Siemens, FedEx Become Early Adopters

On November 10, a press release unveiled a new system allowing clients to program payments for various financial operations, offering customization for bank account funding and executing payments such as margin calls. This feature, now accessible to the public, facilitates real-time, automated, and customizable payment operations, marking a transformative shift in transaction processing. Notably, the timing coincides with the significant growth of digital currencies and tokenized fiat.

Naveen Mallela, Head of Coin Systems at Onyx, a JPMorgan subsidiary, emphasized the significance of programmability for the sustainability of digital assets. The service allows JPM coin users to automate transactions, reducing the need for manual checks and ensuring efficiency during weekends and holidays.

JPMorgan, in collaboration with Siemens AG, initiated the testing phase of programmable payments in 2021. A recent report from The Block highlighted Siemens AG's completion of its initial payment on November 6 to address potential transaction issues. Major organizations like FedEx and Cargill are expected to adopt this payment solution in the coming weeks.

JPMorgan's move aligns with a broader trend observed among financial institutions like HSBC, Euroclear, and Goldman Sachs, actively incorporating blockchain technology into traditional finance. HSBC, for instance, is venturing into blockchain technology for trading, collaborating with Swiss digital assets firm Metaco to create a platform for institutional customers to hold blockchain-based tokens representing non-crypto assets. This initiative follows HSBC's introduction of a blockchain platform for gold trading, utilizing distributed ledger technology to tokenize ownership of physical gold stored in its London vault.

Sam Coins” Rally Ahead of Potential March Trial, FTX Reboot

Altcoins associated with recently convicted FTX founder Sam Bankman-Fried, nicknamed "Sam coins," have seen a notable surge this week ahead of his potential trial in March. FTT, with a remarkable 200% increase, led the rally, accompanied by altcoins like serum, maps, and oxygen. This surge coincides with the total crypto market capitalization reaching a 14-month high.

The rise in "Sam coins" follows Bankman-Fried's recent conviction on seven fraud charges. Despite being held in the Metropolitan Detention Center in Brooklyn, New York, and facing a potential maximum sentence of 110 years, these coins continue to perform well.

Amidst talks of a potential FTT reboot, Gary Gensler, Chair of the U.S. Securities and Exchange Commission, advised Bullish and FTX bidder CEO Tom Farley. Gensler emphasized operating within the law, building investor trust, ensuring proper disclosures, and avoiding conflicts of interest in the crypto industry.

Bankman-Fried's legal troubles extend beyond his recent conviction, as the Department of Justice must decide by February 1st whether to proceed with additional charges related to his conduct at FTX and sister trading firm, Alameda Research. Notably, a foreign bribery charge alleges a $40 million transfer intended to influence Chinese government officials.

This Largest AI Crypto Adds 13% in 24 Hours

On November 11, 2023, Fetch.aI (FET), the second-largest AI cryptocurrency by market capitalization, experienced a surge of over 10% in just 12 hours, reaching a local high above $0.45 on major spot exchanges.

This significant price increase follows a broader positive sentiment in the crypto market and is attributed to Fetch.ai Wallet 0.17's release.

Fetch.ai Wallet 0.17 introduces new interoperability milestones, supporting the native bridge by Axelar (AXL) for seamless value logistics between Ethereum (ETH) and Cosmos (ATOM) ecosystems. Additionally, users can now customize RPC endpoints, enabling interaction with novel EVM blockchains in mainnets and testnets.

Furthermore, the release includes an intelligence gas calculation module, allowing traders to consider gas costs for more efficient decision-making in swaps and liquidity provision. In conjunction with these technical advancements, Fetch.aI (FET) has secured Gold Partner status at the upcoming AI Summit New York, scheduled for December 6-7 at Javits Center.

The Fetch.aI community is buzzing with excitement, and the coin's price rally reflects the positive developments, with FET more than doubling in the last 30 days, reaching levels unseen since early February 2023. The net capitalization of the AI cryptocurrencies segment has increased by 10.6% in the last 24 hours, surpassing $3.89 billion in equivalent, according to CoinGecko data.

Let’s talk TEXAN

The Texan Token is a new crypto endowment token which stands as a financial symbol of independence and self-determination!

Endowments are structures managed by nonprofit charitable organizations. Thousands of organizations worldwide use endowments to secure their future with sound investments. Endowments by design are meant to create sustainability for an organizations mission and operations.

We have created the world's first crypto endowment token you can use as an individual or organisation.

When you "stake" your TEXAN Tokens by locking them up in the endowment contract you earn interest/yield which is programmed into the contract. The base rate is 5% annually but can reach a maximum annual average of 87%, if staked for the maximum of 22 years.

Interest/yield is paid in TEXAN Tokens through your sole interaction with the TEXAN smart contract.

TEXAN is true defi. The TEXAN contract is immutable; there are no admin keys, it's just you and the contract.

HEX Crypto Shows Remarkable Bullish Sentiment, Sustains Growth, And Excels Amidst Wednesday’s Crypto Market Performance: What Lies Ahead?

HEX Crypto, a cryptocurrency available on the Ethereum and Pulsechain platforms, stands out by its robust showing, easily outperforming the broader market. This stellar performance has prompted both investors and crypto enthusiasts to anticipate what the future holds for HEX Crypto, leaving them eager to uncover potential developments and trends.”

Liquid Loans

The upcoming launch of Liquid Loans Protocol on Pulse Chain's mainnet has generated significant anticipation. In addition to the protocol, two other offerings—Fetch Oracle and Pulse ChainSafe—aim to enhance value for Pulse Chain (PLS) and the wider crypto community. Liquid Loans adopts a holistic approach, emphasizing true DeFi. The Liquid Loans Protocol allows $PLS holders to leverage their assets without selling, offering a 0% interest loan in exchange for collateral. This introduces a decentralized stablecoin called USDL. The Fetch Oracle ensures secure off-chain information access for smart contracts, while Pulse ChainSafe provides a multisig wallet for secure PLS storage. All three offerings aim to transform the Pulse Chain ecosystem, emphasizing community control in true DeFi fashion.

, Sustains Growth, And Excels Amidst Wednesday’s Crypto Market Performance: What Lies Ahead?

What the PHUX

What is PHUX?

PHUX is a fork of Balancer V2, referred to as Pulse & Hex Universe Xchange. It is a programmable liquidity protocol and decentralized automated market maker (AMM) built on Pulse Chain and Ethereum. PHUX serves as a versatile component for customizable liquidity solutions, offering a flexible building block for tailorable liquidity needs.

PHUX transforms into a highly flexible AMM capable of accommodating numerous swap curves and pool types. These features include:

Traditional weighted pools with a 50/50 ratio

Customizable weights, such as 80/20, to manage exposure

Concentrated liquidity pools for higher capital efficiency

Managed pools with customizable parameters

Pools with dynamic weights

Stable swap curves for stable coin trading

Liquidity Bootstrapping Pools

Why use PHUX?

PHUX gives the ability to provide better liquidity solutions for a wide range of participants within the ecosystem. PHUX offers a unique combination of resources and flexibility. Whether you are an individual trader, a liquidity provider, or a DeFi project, PHUX diverse pool types and customizable parameters allow you to tailor liquidity solutions to your specific needs.

This flexibility enables participants in the ecosystem to optimize their trading strategies, maximize capital efficiency, and effectively manage risk. Regardless of your role or objectives in the space, PHUX empowers you with the tools to enhance liquidity and achieve your desired outcomes.

Stay Frosty

Join the Patreon.com/DollarRiot community !