Blockchain News
Finance consultancy puts blockchain apps in the cloud
Synechron, a New York-based financial and technology services consultancy, has made six blockchain applications available in the cloud as part of a blockchain accelerator programme, designed to help financial services firms that are keen to explore the ... (Sep 20, 2016, ComputerWeekly.com)
Accenture: Absolute Immutability Will Slow Blockchain Progress
In a permissionless environment like bitcoin, absolute immutability is one of blockchain's greatest strengths. For those who only believe in the permissionless mode of blockchain solutions, there is no need to discuss alternatives. But as industries ... (Sep 20, 2016, CoinDesk)
Bitcoin Price Watch; FOMC Rate Decision Stalls Price
First of all we apologise as our Bitcoin analyst Samuel Rae won't be able to publish his daily analysis up until Friday. So for the time being, I, Yashu Gola, will be replacing him to keep up the flow, and match his skills to provide you the most up-to ... (Sep 20, 2016, newsBTC)
Banks Test Blockchain Network to Share Trade Data
Created by firms such as Axoni, Digital Asset, and Symbiont, these networks differ from the universal public blockchain used by bitcoin. Instead, the networks are privately controlled by the banks involved. Some early bitcoin developers have criticized ... (Sep 20, 2016, Wall Street Journal)
Accenture breaks blockchain taboo with editing system
The original blockchain underpinning digital currency bitcoin is kept secure by data being shared across a global network of computers, which are incentivized by competing to win new bitcoins in a system know as "mining". But while there have been ... (Sep 20, 2016, Reuters)
Ethereum Experiencing New Hack
In what appeared to be a coordinated attack just before the much anticipated Devcon2 conference in Shanghai, many nodes on the network of the Ethereum blockchain are crashing. This is just the latest in a string of issues that have plagued the smart ... (Sep 20, 2016, Investopedia)
Bitcoin Suisse Founder: European Banks Will Soon Offer Bitcoin Wallets
Bitcoin Suisse founder, Niklas Nikolajsen, has said that European bank accounts will eventually be offering bitcoin wallets. In an interview with finews.ch at the Fintech Conference Finance 2.0, Nikolajsen explained that while European banks will soon ... (Sep 20, 2016, CryptoCoinsNews)
Liberland Goes All-in on Bitcoin And Cryptocurrency
As it turns out, dealing with fiat currency and banks remains a key problem for innovative projects. As of yesterday, the country only dealing with cryptocurrency, primarily in Bitcoin. But that does not mean other currencies will not make an impact in ... (Sep 20, 2016, The Dash Times (blog))
Nasdaq Veteran Joins Ethereum Foundation as Security Lead
Nasdaq information security specialist Martin Holst Swende has officially joined the Ethereum Foundation as its full-time security lead. Despite it being one of his first days on the job, Swende was highly visible at Devcon2, the non-profit's annual ... (Sep 20, 2016, CoinDesk)
Bitcoin Is Real Money, Judge Rules in JP Morgan Hack
Bitcoin qualifies as money, a federal judge ruled Monday, in a decision linked to a criminal case over hacking attacks against J.P. Morgan Chase and other companies. U.S. District Judge Alison Nathan in Manhattan rejected a bid by Anthony Murgio to ... (Sep 20, 2016, Fortune)
Ethereum (ETH and ETC) Price Trends (Week of September 19th)
The situation on Ethereum is heating up. Its price made more than 5 attempts to fortify at the level of $13. The bulls' doubts are shown. The most recent surges of the price towards that resistance, just like the sharp returns to the starting point ... (Sep 20, 2016, CoinTelegraph)
IBM Focuses on Blockchain with Industry Platforms Unit
IBM recently launched its Industry Platforms business unit in a bid to deliver blockchain solutions to its customers. According to eWeek, the company has said that the launch of last week's blockchain unit will focus on financial services organizations ... (Sep 20, 2016, CryptoCoinsNews)
Nitrogen Sports is the Future of Bitcoin Betting
Moving in-step with the rising value in Bitcoin, Nitrogen saw a future when other sportsbooks and casinos didn't. It's quite rare to find a pure cryptocurrency sportsbook, but Nitrogen is just that. By holding balances in Bitcoin, not fiat currency ... (Sep 20, 2016, newsBTC)
7 Financial Firms Test Blockchain for Data Management
Credit Suisse, Citi and HSBC are among seven financial firms to participate in a data management trial announced today and conducted with support from blockchain firms Axoni and R3CEV. Featuring buy-side and sell-side firms, the multi-month effort ... (Sep 20, 2016, CoinDesk)
Ethereum Classic Price Technical Analysis – ETC Breaks Down
Ethereum classic price after a minor correction versus Bitcoin failed to hold gains and moved down. The downside move was crucial, as it broke a couple of important supports. First, the ETC/BTC pair broke the 38.2% Fib retracement level of the last leg ... (Sep 20, 2016, newsBTC)
DevCon2: Santander and EtherCamp bridging bank accounts and Ethereum
The first use case of the Santander project to back tokens on Ethereum via bank accounts will be micropayments. Ian Allison. By Ian Allison in Shanghai. September 20, 2016 07:43 BST. Updated 52 min ago. Stephen Brooks enjoyed a successful career at ... (Sep 20, 2016, International Business Times UK)
Ethereum Price Technical Analysis – ETH Buyers Worked
Ethereum Price Technical Analysis – ETH Buyers Worked. Posted on 6:00 am September 20, 2016 Author Aayush JindalCategories Altcoins, Analysis, Opinion, TradingTags Ethereum Price analysis, Ethereum Price chart, ethereum technical analysis, ... (Sep 20, 2016, newsBTC)
Ethereum DevCon2 in Shanghai: 'One line of code changed blockchain history'
Day two of Ethereum DevCon2 in Shanghai began with a firm focus on security and smart contracts. This is not surprising given the testing year the community has had thanks to the ill-fated DAO contract, which saw some $60m drained from a contract on ... (Sep 20, 2016, International Business Times UK)
Unichange Offers Bitcoin Exchanges Advice on Customer Service
Peer-to-peer (P2P) cryptocurrency exchange provider Unichange.me has issued a statement explaining how popular bitcoin and crypto exchanges could improve their services by integrating smaller, P2P services. By providing these kinds of alternatives, the ... (Sep 20, 2016, Bitcoinist.net)
Santander Vies to Become First Bank to Issue Cash on Blockchain
Spanish banking giant Santander is working on a project that explores how it could digitize customer cash using the public ethereum blockchain. Revealed today during a panel talk at Devcon2 by Ether.camp founder and ethereum Java client developer ... (Sep 20, 2016, CoinDesk)
Ethereum Security Alert Issued, Ethereum Foundation Responds ...
Ethereum Security Alert Issued, Ethereum Foundation Responds ... (Sep 20, 2016, InfoQ.com)
Applying Blockchain Technology to Trade Finance
In considering practical applications for Blockchain for banking processes, one of the specific areas that is in dire need of this type of technology is trade finance. Long reliant on complex banking correspondent relationships, the issuing and ... (Sep 20, 2016, Finextra (blog))
Bitcoin Price Technical Analysis for 09/20/2016 - Aiming for Next Support?
The highly-anticipated FOMC decision is coming up on Wednesday's New York trading session, likely resulting to a breakout for bitcoin price. Until then, this consolidation is expected to carry on since market participants seem hesitant to take on large ... (Sep 20, 2016, newsBTC)
How blockchain will grow beyond bitcoin
Since its advent in 2009, bitcoin's decentralized, broker-less and secure mechanism to send money across the world has steadily risen in popularity and adoption. Of equal — if not greater — importance is the blockchain, the technology that supports ... (Sep 20, 2016, TechCrunch)
Bitcoin is money, U.S. judge says in case tied to JPMorgan hack
NEW YORK (Reuters) - Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies. U.S. District Judge Alison Nathan in Manhattan rejected a ... (Sep 20, 2016, Yahoo News)
Bitcoin is money, US judge says in case tied to JPMorgan hack
U.S. District Judge Alison Nathan in Manhattan rejected a bid by Anthony Murgio to dismiss two charges related to his alleged operation of Coin.mx, which prosecutors have called an unlicensed bitcoin exchange. Murgio had argued that bitcoin did not ... (Sep 19, 2016, Reuters)
High Severity Ethereum Geth Nodes Crash, ETH Hashrate Drops, ETC Remains Safe
The Ethereum development team quickly responded to the attack by implementing an update called Geth 1.4.12 as a temporary solution. All miners and node operators were advised to update immediately, to refrain from geth nodes running out of memory ... (Sep 19, 2016, CoinTelegraph)
Bitcoin Industry to Legislators: Lay Off Miners, Multisig Wallets
To Wright and a number of other virtual currency advocates, bitcoin miners and multisig wallets — which allow customers to store their assets, but do not single-handedly control the funds — should be able to avoid the state-by-state licensing regime ... (Sep 19, 2016, American Banker)
Simon Denny: Exploring the World of Blockchain Through Art
That's according to Berlin-based New Zealand artist, Simon Denny, whose latest exhibition, Blockchain Future States at the Petzel Gallery in New York City looks at the cultural implication of what blockchain application across different sectors could ... (Sep 19, 2016, Nasdaq)
Ethereum DOS Attacked as Community Prepares for Ethereum DevCon 2
The Ethereum community had a small scare yesterday after a bug was discovered on the platform. The bug affecting geth nodes built on Go Programming Language was reported as a security alert of high severity on Ethereum blog earlier yesterday. The bug ... (Sep 19, 2016, newsBTC)
Blockchain: The smart person's guide
The code is also a powerful technology that empowers countless innovations beyond cryptocurrency. The blockchain is a database of details about every Bitcoin transaction. Often referred to as a "public ledger," the log contains metadata about when and ... (Sep 19, 2016, TechRepublic)
Bank of England Considers Blockchain Compatibility for Settlement Service
The UK's central bank said last week that it wants its next-generation settlement system to be blockchain-compatible. A consultation paper published last week outlined the major characteristics of what the Bank of England's planned real-time settlement ... (Sep 19, 2016, CoinDesk)
Accenture to unveil blockchain editing technique
Accenture is courting controversy in the blockchain community by patenting a technique for editing information stored using the nascent technology in a move designed to make it more commercially viable. By allowing a central administrator to amend or ... (Sep 19, 2016, Financial Times)
Bitcoin Price Still Bruised After Bitfinex Hack
For better (and more often) worse, the price of bitcoin was all but inseparable from one of its major exchanges in August. Bitcoin prices fell close to 20% to start the month, a steep decline that coincided with the hack of Hong Kong-based bitcoin ... (Sep 19, 2016, CoinDesk)
Why the Financial System Should Be Based on Bitcoin
Mr. Middleton: Veritaseum uses a bitcoin protocol to allow any two or more parties to transact directly with each other, peer to peer. The application allows you to buy and sell the value of any of 45,000 financial instruments with ticker symbols ... (Sep 19, 2016, The Epoch Times)
Send Bitcoin Like an SMS on the New BTC.com Wallet App
Bitcoin transactions don't need any third-party intermediary like banks or payment processors and it can be sent virtually anywhere on planet earth as long as both parties have a working internet connection. The whole concept is completely different ... (Sep 19, 2016, newsBTC)
Blockchain Comes to Fantasy Sports
The partnership will allow BTL Group and Fantasy 6 Sports to create a proprietary system, SecurePlay, a unique Blockchain-based platform that allows for a complete transformation of how open contests, individual games, and all transactions will be ... (Sep 19, 2016, CoinTelegraph)
Vietnamese Bitcoin MLM Scheme Sees Deposits of $1 Million
A Vietnamese investment scheme that used multi-level-marketing (MLM) and bitcoin as its currency to promise investors returns of 144% a month has come to an end. MLM trading is illegal by law in Vietnam, as deemed by the Vietnam Competition Authority ... (Sep 19, 2016, CryptoCoinsNews)
Olaf Carlson-Wee Aims to Strike It Rich with Blockchain Hedge Fund
Over the past year the distributed ledger technology that powers cryptocurrency transactions — specifically, the ever-growing blockchain database — has begun to move far beyond the Bitcoin digital payment network. Financial tech–savvy entrepreneurs ... (Sep 19, 2016, Institutional Investor)
Blockchain Startups Fine-Tune The Music Industry
The company has built a blockchain-based platform that enables artists to own their creative content and be paid directly by listeners for the music they share. The startup recently collaborated with an artist that allowed a wallet to be set up on the ... (Sep 19, 2016, PYMNTS.com)