Crypto Rupee to Undergo Hard Fork

Rupee cryptocurrency has announced that it will implement the hard fork on April 16, 2018
20 March 2018   1912

Rupee’s mission is to be the go-to cryptocurrency for the people of South Asia. Rupee aims to facilitate money remittances for the people of South Asia across the world without hefty fees and delays. Rupee also plans to enable merchants to accept fast cryptocurrency for goods and services with much lower fees than traditional payment facilitators like Visa, Mastercard etc. Rupee aims to enable the people of South Asia cut out traditional middleman such as banks.

Rupee cryptocurrency has announced that it will implement the hard fork on April 16, 2018. As it is stated on the official website of the project, the implementation of Lyra2REv2 hard fork represents a major milestone in achieving Rupee’s vision for an open blockchain platform for India and South Asia.

Lyra2REv2 hardforkLyra2REv2 hardfork countdown at the moment of press

Moreover, plans of Rupee project for the first quarter of 2018 include the launch of Android and iOS Wallets, and development of Payment Gateway and PoS Application. Currently the project team is working on its marketing campaign and exchange listings.

At the moment of press, these are main market parameters of Rupee:

Average price: $0,083824
Marketcap: $1 920 958
24h volume: $3 701

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   100

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.