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Posts published in “Blockchain”

IBM Believes Blockchain Could Help Vaccinate The World

Fortune calls “vaccinating the global population” against COVID-19 as one of the most “immense and logistical challenges humanity has ever faced.” According to the magazine,…

The Stupidity Of The Crypto Community Is Infinite

Cryptocurrency was invented to remove middlemen and counterparty risk. So what do all the blockheads in cryptocurrency do? They reintroduce middlemen and counterparty risk. They…

Bitcoin to reach $300-$500k in 2021: Exante

BTC’s price to reach $300-$500k in 2021 By Victor Argonov, senior analyst at International investment firm, EXANTE Not too long ago, predictions that Bitcoin would…

Why the Queen Politely Acknowledges the Blockchain

The Centre for Evidence Based Blockchain put a report out in September 2020 that an “evidence based blockchain” was difficult to find. CEBB was set up by the British Blockchain Association as “the world’s most influential voice on Blockchain. Advancing evidence-based adoption of Distributed Ledger Technologies.”

Big Banks And Central Banks Slowly Co-Opt Blockchain

Big banks are taking the ideas behind blockchain and adapting the technology to their business models. For instance, much of Italy’s banking sector uses Spunta,…

WEF Says Blockchain Is “Priceless” To COVID-19 Vaccine Distribution

The World Economic Forum (WEF) believes that blockchain can help distribute the COVID-19 vaccine because the technology behind Bitcoin provides an immutable, decentralized database that can help all parties be sure that vaccine supplies are stored and handled properly. 

On Blockchain Evil, God and Family

When Robert Beadles, who goes by CryptoBeadles, first joined crypto, it was mostly cypherpunks. He says blockchain today consists of a lot of people trying to raise money for products whether or not they fill a real need. “Silicon Valley types,” he says. 

How Honeywell Uses Blockchain In Aviation

GoDirect Trade is an online marketplace powered by Honeywell. The marketplace focuses on the sale of aerospace parts, a $4 billion industry. But––somehow, some way––virtually…

Ernst & Young Releases New Ethereum-Based Platform

Ernst & Young released a new Ethereum-based platform over the weekend. The solution, which has been designed to streamline enterprise resource planning (ERP), is called…

US Space Force Secures Systems With Blockchain

The United States Space Force (USSF) and the U.S. Air Force Research Lab has tapped blockchain firm Xage Security for the Force’s security system. Xage Security said the contract targeted end-to-end data protection for the USSF and that it will use its blockchain-based Xage Security Fabric solution. 

According to the company, Xage Security Fabric can secure all systems and removes single points of entry so hackers can’t wipe information. USSF can verify who accesses systems, ensures satellites remain online, even if ground equipment goes offline, and protect data until fully transferred to operational units. Xage Security won an earlier U.S. Air Force contract in December 2019.

Kraken Was Just The Start Of Wyoming’s Cryptocurrency Bank Approvals

Kraken Financial is the first company in Wyoming or elsewhere in the U.S. to receive a charter to operate a special purpose depository institution. Kraken Financial, with its new headquarters in Cheyenne, plans to provide clients with “an online and mobile-first banking model.”

With the charter approval, Gov. Mark Gordon said that Wyoming “is taking its rightful place globally as a FinTech leader.”

Gibraltar Regulator Updates Blockchain Regulation

The Gibraltar regulator has updated the Jurisdiction’s distributed ledger technology regulation. Gibraltar’s DLT legislation was introduced in January 2018 as a regulatory framework for businesses…

How Maker Makes DeFI Available For All

Decentralized finance, colloquially known as DeFi, is having a moment. Many DeFI projects are in the works, creating a renewed excitement around Ethereum and the…

RSK: From Bitcoin’s Second Layer To Bankster Roundtables

IOV Labs, which is the developer of the RSK blockchain, announced April 21 that an Argentinian consortium of banks and technology companies under the thumb of the Central Bank of Argentina will pilot a blockchain program. The system being piloted would handle direct account debit claims.

Inside Microsoft’s Sci-fi Human Body Tracking Cryptocurrency

Microsoft has applied for a patent of a cryptocurrency system using body activity data. In the filing, the multinational conglomerate argued that, as a part of a cryptocurrency mining process, a task can be given to a user to complete. The cryptocurrency system can give a task to your device instructing you to complete a “human body activity.” 

Blockchain’s Drive For Freedom, Stablecoins, And Smart Chains: An Interview With Komodo CTO Kadan Stadelmann

Komodo CTO Kadan Stadelmann has been doing this stuff most of his life. His background is in IT, engineering, and software development. He comes particularly from an OpSec and DevSec background, before he started actively engaging and researching the cryptographic space and decentralized software applications. Komodo is a multi-chain platform enabling developers to multiple chain architecture.

Ivan On Tech on Programming in Solidity, C++, and Javascript

After his mathematician mom gave him an HTML book, Ivan Liljeqvist of Ivan on Tech read it over and over. “I remember very clearly there was a chapter about the objects and classes in C++,” he said. “I didn’t understand how it worked and why it worked. So I just kept re-reading it and then it clicked after awhile.”

Hedera Hashgraph CPO: Big Companies Are Embracing The Open Source Movement

Lionel Chocron, Chief Product Officer at Hedera Hashgraph, began building three to five years ago at Oracle a portfolio of private ledger cloud solutions for large companies. Customers at Oracle were adopting blockchain technology quicker than they were adopting AI and IoT, because, he believes, distributed ledgers represent low risk ways to prove use cases compared to AI and IoT.

MakerDAO CEO: “There’s Going to be a New Wave of Innovation That’s Difficult To Predict”

The MakerDAO stablecoin, DAI, is pegged to the $1 US Dollar, not by holding US dollar reserves in a bank account equivalent to the amount of tokens in the system like the stablecoin Tether, but, rather, by holding in a smart contract collateralized assets, such as Ethereum, another cryptocurrency, and, in the future perhaps, tokenized real world assets. Holders can earn on the DAI they own. A decentralized and publicly controlled governance system manages the DAI interest rate –– that is, the cost of generating DAI––and the return on DAI.

How PG&E Wants California to Manage Carbon Credits with a Distributed Ledger

PG&E’s self-proclaimed ‘Blockheads’, who were assigned to investigate how to implement blockchain into PG&E’s business, chose the California low-carbon fuel standard (LCFS) as an initial testing ground. PG&E choose LCFS, which has about 250-300 active participants, because the Blockheads believe blockchain has the potential to make the overall process smoother. A low-carbon fuel standard is enacted to reduce carbon intensity in transportation fuels, including conventional petroleum fuels, such as gasoline and diesel. Common low-carbon fuels include alternative fuels like natural gas. The main goal of such standard is to decrease carbon dioxide emissions associated with vehicles powered by internal combustion engines.

Twitter’s Jack Dorsey Wants to Decentralize Social Media

Twitter CEO Jack Dorsey has long been a proponent of Bitcoin. His startup Cash.App features a crypto buy and sell feature. 

Dorsey recently announced that Twitter would fund a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. Twitter, then, would be a client of this standard. 

Top US Financial Regulators Warn Against Perils of Stablecoins

The Financial Stability Oversight Council (FSOC), which was set up in 2008 to combat risks to the financial sector after the financial crisis, believes stablecoins could cause potential problems if they gained wider use.

“If a stablecoin became widely adopted as a means of payment or store of value, disruptions to the stablecoin system could affect the wider economy,” the regulators stated in its financial report for 2019. “Financial regulators should review existing and planned digital asset arrangements and their risks, as appropriate.”

China Forms Alliance to Fast-Track Blockchain Development

China’s state-backed blockchain alliances features big cryptocurrency and financial companies. One of the first name brands to join the ‘Blockchain Services Network Alliance’ (BSN) is Huobi China.

Huobi China, which is a part of global bitcoin and crypto exchange conglomerate Huobi Group, revealed its participation at the Blockchain Service Network Partner Conference.

The company’s Chinese-based operations do not include the trading of cryptocurrency. “It is not an exchange. It is a fully compliant legal entity in China doing blockchain education and blockchain solutions for large corporations, solely focused on blockchain technology, said Ciara Sun, chief of staff of Huobi Group.

An Interview with Steve Bellotti, Chairman of TCM Capital, An Advisor on The Perth Mint Gold Token

As we covered here, The Perth Mint Gold Token could prove to be an alternative to U.S. dollar-based stablecoins, such as Tether. While Tether is backed by dollars in a U.S. bank account, the Perth Mint gold token is backed by gold held by one of the most renowned precious metals refineries in the world.

GoldSilverBitcoin fielded answers about the Perth Mint Gold Token from the Chairman of TCM Capital, Steve Bellotti. TCM Capital AM Pty Ltd is the Advisor to the PMGT project.

Royal Bank of Canada Might Not Be Pursuing a Crypto Exchange, But It Ranks Among Enterprise Blockchain Leaders

It had been reported that The Royal Bank of Canada (RBC) –– the country’s largest bank at more than $965 billion in total assets –– might launch a cryptocurrency trading platform. But, those reports turned out to not be true. With that said, according to Forbes, RBC is leading in enterprise blockchain research.

“Like many other organizations, files patent applications to ensure proprietary ideas and concepts are protected,” RBC spokesperson Jean Francois had told The Logic, before CoinDesk published an update clarifying that RBC had no plans to launch an exchange.

Crypto Pioneer Jed McCaleb Talks Stellar at CoinAgenda 2019

During CoinAgenda at Las Vegas Blockchain Week 2019, Michael Terpin and Jed McCaleb chatted fireside about the state of Stellar, a value-transfer network that strives to be a faster and cheaper way to send money. 

Hyperledger Executive Director Brian Behlendorf on Taking Risks, Open-Source Tech, Salesforce and Digital Identity

“I can see that a lot of the opportunities I’ve had for things that landed in my lap are thanks to privilege,” said Behlendorf, who is the primary developer of the Apache Web server, a free and open-source cross-platform web server software. “It takes a bit of smarts to know how to take advantage of the opportunities presented in front of you, but I’d say perhaps the thing that I did differently, that I think most people are given advice to do, is early in my career I said, this seems to be the time where I can take the most risks.” He didn’t have things like debt and a family keeping him from taking risks.

Perth Mint Gold Digital Token Could Be an Alternative to Stablecoins

InfiniGold is collaborating with the Perth Mint, the world’s largest refiner of newly minted gold, to release the digital token Perth Mint Gold Token (PMGT), which is backed 1:1 by GoldPass certificates issued by the Perth Mint. It could be an alternative to current stablecoins, especially Tether, which is backed by the US dollar. PMGT gives users ownership of government-guaranteed gold stored at The Perth Mint. The Mint touts benefits like real-time trading and settlement thanks to blockchain.

A Few Things You Should Know About Getting a BitLicense

The NYDFS rejected Seattle-based cryptocurrency exchange Bittrex’s BitLicense application, and the resulting rejection letter serves as a blueprint for anyone looking to do crypto business in the Empire State.

How the Facebook Libra Announcement Affected Shares of Western Union, MoneyGram, PayPal & Square

Western Union shares declined Tuesday amid the Facebook announcement of its new cryptocurrency, Libra, which is supposed to be integrated with Facebook, and its subsidiary apps Instagram, WhatsApp, and more. Western Union, a legacy consumer-to-consumer money sending platform was among the worst performers on the S&P Index on Tuesday, as it fell 2.4%. It closed at $19.57 a share.

Facebook’s cryptocurrency Libra is supported by a legion of well-known companies from both within the crypto industry and outside of it, including payment companies like Visa, Mastercard and PayPal. Blockchain companies involve Coinbase, Xapo and others. The cryptocurrency is expected to launch in the first half of 2020.

Jim Rogers: “Cryptocurrencies are Going to Disappear and Go to Nothing.” The Reason Why Might Shock You.

Jim Rogers believes governments will interfere with the rise of bitcoin and cryptocurrency, but not blockchain.

“The blockchain has a great future,” the famous investor told BBLOKK OFFICIAL. “Blockchain is changing everything we know, and it’s going to change even more. A lot of people are going to lose their job because of blockchain, but a lot of people lost jobs because of electricity, and electricity turned out to be a good thing for all of us; likewise with blockchain.”

Fred Wilson and Olaf Carlson-Wee Talk Tokens, Proof of Stake Protocols

At Token Summit last month in New York City, Union Square Ventures co-founder Fred Wilson and Polychain Capital’s Olaf Carlson-Wee discussed the state of staking, a cryptocurrency concept that states a person can mine or validate block transactions based on how many coins they hold. The more Bitcoin or altcoin owned by a miner, the more mining power he or she has. 

Thanks to Unwriter, Anyone Can Write Info To the Bitcoin SV Blockchain

The Bitcoin SV (Bitcoin Satoshi’s Vision) blockchain has a particular advantage in the unwritten rules of blockchain warfare: Unwriter. Following the Bitcoin Hash Wars of November 2018, Unwriter left the Bitcoin Cash developer community, where he had made BitSocket and BitDB, for the Bitcoin SV developer community.

Kodak Coin Co-Architect: The Cryptocurrency Payments Industry is Highly Misunderstood

Cameron Chell believes the cryptocurrency payments industry is highly misunderstood. “There are a couple of philosophical camps out there,” he says. “There’s the purist camp, which is all about not necessarily better technology, but is more against government intervention in the economy, oppression, and centralization as a political motion.”

Storj’s John Quinn: “Your data is never stored in one location – it’s not stored on Storj’s servers”

Storj co-founder John Quinn tells CryptographicAsset.com that the Storj platform is like AirBnB for a Storj user’s computer hard drive, which is based on the Ethereum blockchain platform. “We are the first distributed objects store in production with Fortune 500 customers,” Mr. Quinn told me. Other distributed objects store, such as FileCoin, Sia and Maidsafe are not in production.

Lingham on Token Economics, Ads & Liquidity

“A lot of [token projects] when they come to me, say, ‘We want to launch a token,’ said Vinny Lingham at a StartEngine event last year. “And I start digging into what the token will do, how it works, and we discuss token economics. They say, ‘Well, we will deal with that later.’” Giving such a project funds amounts to gambling, thinks Mr. Lingham.

An Obituary For Coinbase’s Shift Payments Card

The U.S.-based Shift Card, a Visa debit-card service that allowed people to spend cryptocurrencies held on Coinbase, stopped operating this month. In many ways, the Shift Payments card stood above its peers. There was nary an alternative for U.S. residents, while European customers, and those in other non-U.S. countries, have been able to choose between Wirex, Uquid, Cryptopay, and Spectrocoin. Not so in the U.S.