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,…
Posts tagged as “blockchain”
A World Economic Forum member with connections to Tel Aviv and Silicon Valley has been given a license in Liechtenstein for his digital currency exchange. …
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…
Olsztyn, Poland will become the world’s first city to leverage the Ethereum blockchain to aid emergency services. Having completed a successful trial run of SmartKey,…
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 are taking the ideas behind blockchain and adapting the technology to their business models. For instance, much of Italy’s banking sector uses Spunta,…
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…
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.
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…
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…
W. Scott Stornetta has been called a founding father of blockchain technology. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, cited him several times in the…
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.”
Framework Ventures invests in the decentralized finance space, which is a niche in the blockchain industry focused on decentralizing finance. “If we think about decentralized finance requiring either a pool of liquidity or a pool of capital, there’s nothing bigger and better than Bitcoin,” said Michael Anderson of Framework Ventures. “If there is a model that can enable liquidity to either leverage or incorporate Bitcoin––in some way, shape, or form––or any of the other major multibillion dollar assets, that would enable a lot more activity and a lot more potential activity than what we’re seeing on Ethereum.”
Cameron Chell, Chairman, co-creator and co-architect of KODAKOne, discussed the American technology corporation’s image rights platform at Los Angeles-based StartEngine’s ICO 2.0 Summit last year…
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.
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.
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.
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.
Last month, Infinigold announced the launch of a digital token, The Perth Mint Gold Token, backed by gold stored in the vaults of Australia’s Perth Mint, a world-leading precious metal refinery. We spoke with Andreas Ruf, the CEO of Infinigold, about working with Perth Mint to launch the token.
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.
The IRS wants to learn about the transactions of Bitcoin users in the United States. Despite the perceived privacy of Bitcoin and alternative currencies, crypto users are not exempt from taxation.
Anyone who moved cryptocurrency through a centralized exchange are required by law to file their taxes properly. Just last year, the US government won a court order for CoinBase’s customer list.
If you’re an expert in the cryptocurrency space, you know how to set up a wallet, manage that wallet, and do all of those things,…
Crypto Wendy, who is keeping her eye on Bitcoin ETFs, futures and institutional interest in the crypto market these days, wants you to know that she is no trading expert.
“…I am here to learn and grow with everyone,” she says.
She started out in the space as a trader and hosting free meetups at Cryptospace in San Pedro, teaching and talking about basic trading methods. Three times a week, she does a live stream and discusses news and current events that impact the market on her YouTube channel. She believes we’ve seen the bottom in the crypto market for now.
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.”
Seven members of Congress have sent a letter to the Trump Administration’s Director of the National Economic Council asking for “…a forum on blockchain technology and include blockchain technology in the initiatives the Administration intends to promote on emerging technologies.”
Skysthelimit.org co-founder Bo Ghirardelli recalls an experience that led him to want to improve economic opportunities for all. During his time as a middle school English and History teacher for Teach for America in the South Central LA neighborhood of Watts, he saw some things that have stuck with him ever since.
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.
Samsung’s Galaxy S10 ships worldwide in March and crypto enthusiasts reacted with excitement over the new feature of a cold wallet for storing Bitcoin (BTC) and Ethereum (ETH). So, why are the Korean tech giants looking to Cosmee (COSM) and Enjin (ENJ)?
Bitcoin.com CEO Roger Ver once told me he manages Bitcoin.com, a Bitcoin-themed website offering many services and products. I wasn’t sure what “managed” meant in this context, since most everyone in the crypto space seemed to believe he owned the site. His company, Saint Bitts LLC, is the registered owner of the website. The registration date is 1-04-2008. But, yet, Mr. Ver is the manager.
Google just introduced a new group of startup businesses into Launchpad Studio, the tech behemoth’s accelerator it launched last year that matches top machine learning startups…
(Gold Silver Bitcoin) – $450 million RMB on a blockchain. That’s what VeChain brings to the table in the world of blockchain. It’s really the most promising blockchain use case out of China – and there are many.
21.co used the 21.co/blockchain list to survey influential individuals in the blockchain space. “The list includes Bitcoin Core developers and Bitcoin Unlimited supporters, as well as…
Donald J Trump tweeted Tuesday that SoftBank of Japan agreed to invest $50 billion in the US towards businesses and 50,000 new jobs. The tweet comes on the even of Pearl Harbor, a scar on the memory of both nations. In announcing the deal, Mr. Trump makes good on a campaign promise to improve international relations.
The Royal Mint partnered with markets operator CME Group to build a gold market with blockchain technology as a means of broadening London’s hip-factor when buying and selling gold bullion.
The Roya Mint, owned by taxpayers, plans to accept trades from the middle of next year on the Royal Mint Gold platform, intended to log each transaction using blockchain.
Bitcoin and banks were never supposed to go hand-in-hand. So, in 2015, when the world’s largest financial institutions began investigation the technology behind Bitcoin, blockchain, it took many people by surprise. Now, approximately two years after those efforts began in earnest, it seems there’s somewhat of a clash taking place between Bitcoin and the consortium through which the world’s largest banks investigate blockchain technology, R3.
As developers for Bitcoin called for a temporary halt to Bitcoin transactions on 3/11/2013, many members of the community began holding their breath. Many of…
While it is true that countries are likely to impose “harsh taxes and capital controls,” if recent trends in financial regulation are a clue, there…
The Securities and Exchange Commission has been keeping a close eye on blockchain technology.
Such crowd funded blockchains seemingly operated under a so-called “good deal exception,” in which investors, who are satisfied because they are making money, do not complain to authorities.
That didn’t stop the SEC from pondering how securities law might apply.
There are different types of blockchains. The only true use case for a blockchain, at the current time, is Bitcoin. Nonetheless, many of these other blockchain models, still experiments, could power finance, and some experts believe relatively quickly.
The second largest blockchain crowdsale of all time is Ethereum. Ethereum is a blockchain system based on smart contract technology which seeks to remove humans from the nature of contracts. It is run by a virtual machine, which is a distribution of computing power run in a Bitcoin-type network. Miners in this distributed network are rewarded in ether, a Bitcoin-inspired digital currency that Ethereum proponents refer to as the “fuel” of the network. This is similar to how Bitcoin miners are rewarded with Bitcoin.
Bitcoin has had a scandalous past already, with many high profile court cases. When you go to conferences, the focus is on how Bitcoin is…
The producer of Nirvana’s landmark record, In Utero, levied some interesting critiques of blockchain technology in an interview long before the technology had captured the…
Amid an edit war in which Bitcoiners argue Ethereum’s DAO’s are crowdsales and another group argues they are in fact IPOs, the recent Ethereum product known as Decentralized Autonomous Organizations has raced to the top of the largest “crowd sales” of all time. Below is a list of all the blockchain related crowd sales ranked in order.
Many people have opined that Bitcoin is not illegal, such as Chris Kitze. Their argument centers on how the digital currency does not comply with know your customer and anti-money laundering regulations.
But, it’s likely Bitcoin is easily regulatable. In general, it’s business, not the financial instruments themselves, that do the regulating. Incorporated businesses virtually sign documents stating that, if they come across individuals breaking laws, they will report them. This is particularly the case when it comes to the financial industry. Bitcoin companies are generally considered financial companies.
Reports flood the internet about Bitcoin related companies instituting stringent know your customer and anti-money laundering policies – the policies which ensure that people are not profiting from illegal fund moving or terrorist financing.
1 Coinbase – The San Francisco Based Coinbase is one of the top Bitcoin companies. It’s created a PayPal like Bitcoin exchange that is incredibly…
At the end of last week, BitGold announced it raised $17 million in a deal that began as a $14.8 million offering. This deal is…