The Hong Kong Monetary Authority Launch of Faster Payment System
The Hong Kong Monetary Authority (HKMA) announced the launch of the Faster Payment System (FPS) today. The FPS is one of the seven initiatives announced by the HKMA in September 2017 for preparing Hong Kong to move into a new era of Smart Banking. The FPS operates on a round-the-clock basis and connects banks and […]
The London Block Exchange is Planning to Develop a Crypto Pound
The London Block Exchange startup has announced plans to launch a new cryptocurrency pegged to the British pound as interest in so-called “stablecoins” booms. The London Block Exchange, which does over-the-counter crypto trades and operates a crypto exchange, said on Friday that it had received permission from an unnamed banking partner to launch a new […]
Mike Novogratz: Bitcoin is ready to grow again
Bitcoin bull Mike Novogratz thinks the cryptocurrency is poised for major growth. “You’re seeing now institutions moving in,” the founder and CEO of Galaxy Digital told CNN international correspondent Paula Newton on CNNMoney’s “Markets Now” on Wednesday. Novogratz pointed out that exchanges and big companies are starting to take the cryptocurrency more seriously. “Starbucks and […]
Blockchain Technology Could Reduce Uncertainty in Foreign Trade
In its new policy brief, the Austrian Research Center International Economics (FIW) has examined the possible effects of digitization, including blockchain technology, on the export economy, Cointelegraph auf Deutsch reports today, September 28. The report was prepared by Bernhard Dachs from the Austrian Institute of Technology on behalf of the Austrian Federal Ministry for Digital and Economic Affairs and draws a positive […]
Baidu Shares Details of Upcoming Blockchain
Chinese search giant Baidu has officially released a white paper through its new Blockchain Lab for its proposed XuperChain network. The company claims XuperChain will support more than 10,000 transactions per second through inter-chain parallel technology and a stereoscopic network, according to the white paper. The nodes of XuperChain use multi-core parallel calculations, maximizing the […]
Sierra Leone and United Nations Agencies to Develop Blockchain Platform
President Julius Maada Bio of Sierra Leone announced today at the 73rd Session of the U.N. General Assembly (UNGA) a partnership that brings together leading technology nonprofit Kiva, the U.N. Capital Development Fund (UNCDF) and the U.N. Development Programme (UNDP) for the launch of a bold, new initiative designed to give the country’s seven million citizens, most of whom have no credit history or formal […]
Chinese State Bank Uses Blockchain to Issue Digital Mortgages Worth $1.3 Billion
The Chinese state-owned Bank of Communications (BoCom) has successfully issued $1.3 billion of residential mortgage-backed securities (RMBS) using blockchain technology, national securities outlet China Securities Times writes Wednesday, September 27. BoCom — the fifth largest bank in China according to S&P Global recent stats — used an independently developed platform called Juicai Chain to issue […]
Father Vs. Son On Blockchain Trends: Q&A With Tim And Adam Draper
Just five months ago, billionaire venture capitalist ‘Tim Draper’ made a prediction that the price of one bitcoin will rise to $250,000 by 2022. Even though the price has since fallen, Draper believes that bitcoin will bounce back. When the Silk Road collapsed in 2014, the U.S. Marshals auctioned 144,000 bitcoins and Tim Draper purchased […]
Two Blockchain Startups Aim to Kill the Captcha
Two blockchain startups have good news for those tired of teaching AIs to recognize stops signs, announcing a new ethereum-based solution Wednesday that is aimed to tackle the current plague of automated bot nets on the internet. Anyone who uses the web is aware at some level that bots are a problem – that’s why […]
U.S. Govt. Goes All in on Tracking Cryptocurrency Usage
Citing public records, research firm Diar reports that U.S. government agencies have collectively spent $5.7 million hiring contractors who perform blockchain analysis, which involves linking an individual’s identity with their cryptocurrency funds. Though there are tools and even individual cryptocurrencies that purport to allow users to send funds anonymously, the vast majority of cryptocurrency users leave enough of a trail that, […]
IBM Awarded Patent for Autonomous Self-Servicing Devices Within Blockchain-Based IoT System
IBM has won a patent for the autonomous self-servicing of networked devices that form part of its Autonomous Decentralized Peer-to-Peer Telemetry (ADEPT) environment. The patent, first filed in late June 2016, was awarded by the U.S. Patent and Trademark Office (USPTO) September 18. IBM first unveiled a proof-of-concept (PoC) for ADEPT in partnership with Samsung […]
Spain to Develop Blockchain Tech Application for Transparency
The Spanish Ministry of Agriculture, Fisheries and Food plans to apply blockchain technology to develop the forestry industry, local news outlet EuropaPress reported September 21. The operating group, entitled ChainWood, aims to improve the traceability and efficiency of the wood supply in Spain by implementing blockchain technology in industry logistics. ChainWood is a group of […]
DBX – The Blockchain For Real World Apps Launches Official ICO
September 19th, 2018, Singapore – The technology company that’s leveraging Blockchain to build applications and businesses with transparency and control of data in its core, begins ICO. DBX made headlines this week with the announcement of their ICO launch that is expected to shake up the Blockchain ecosystem. The ICO, which is now open, intends […]
Naval Aviation Enterprise Exploring Blockchain With Indiana-Based Company ITAMCO
The Naval Air Systems Command (NAVAIR) is exploring the use of blockchain to help track aviation parts throughout the parts life-cycle. Knowing the origin and history of flight-critical aircraft parts is a resource-consuming process that drives up the cost to operate military aircraft. The Navy hopes to change the way it tracks the lineage of parts. Currently, once […]
500 Cryptocurrency Startups Have Found a Home in Switzerland
In an effort to maintain its status as a cryptocurrency hub, Switzerland has taken steps to help blockchain companies access the traditional financial system by making it easier for them to open corporate bank accounts. Faced with an exodus of cryptocurrency projects from the country due to falling access to the banking sector, the Swiss […]
Celsius Network Selected by Fifth Element Fund to Manage Crypto Assets
Announced at the United Nations, Fifth Element is launching its SDG Impact Fund and will be the first to accept and deploy traditional assets and all forms of crypto, token and digital assets for the mission of meeting the UN Sustainable Development Goals. Celsius Network is a founding member of the fund and will be its […]
Poland’s Bank to Launch Blockchain Platform for Document Management
Poland’s largest bank will launch a blockchain solution for its customer documents via a partnership with UK-based Coinform “in the coming days,” the parties confirmed in a press release Thursday, September 20. Part of a drive to enhance security of customer data, PKO Bank Polski will use Coinform’s Trudatum to provide blockchain-issued paperwork to its […]
LINE Unveils Ambitious Plan for Crypto Token Ecosystem
LINE, the messaging app giant from Japan, has unveiled plans that will see it launch an ambitious, token-powered ecosystem by the end of 2018. Aimed at capitalizing on the company’s big user base – LINE claims to have more than 160 million monthly active users – the plan is centered around its previously announced LINK token. […]
