Blockchain News
Banks adopting blockchain 'dramatically faster' than expected: IBM
The technology company said 65 percent of banks expected to have blockchain projects in production in three years' time, with larger banks - those with more than 100,000 employees - leading the charge. IBM, whose findings were based on a survey of 200 ... (Sep 28, 2016, Reuters)
Op-Ed: Blockchain Can Make Globalization Work
De-globalization is not just about Brexit and rising U.S. protectionism. It is much more than that. It's a pervasive negative attitude regarding globalization that includes various autonomous and sometimes antagonistic movements, such as anti-Western ... (Sep 28, 2016, Bitcoin Magazine)
CME Group Adds New Exchange to Bitcoin Index
CME Group has added China-based digital currency exchange OKCoin to its bitcoin pricing indexes, first announced in May. Created through a partnership with London-based Crypto Facilities, the CME CF Bitcoin Reference Rate & CME CF Bitcoin Real ... (Sep 28, 2016, CoinDesk)
Euroclear Blockchain targets bullion markets
Paxos, a financial technology company delivering revolutionary blockchain solutions for the financial services industry, and Euroclear, one of the world's largest settlement houses, announced today that they are working on the development of a ... (Sep 28, 2016, Finextra)
New Bipartisan Blockchain Caucus Will Promote the Use of Bitcoin and Blockchain Technology
A year ago, Bitcoin Magazine highlighted the work of U.S. Congress Representative Jared Polis and noted his work meeting with politicians and businesses, promoting the many economy-building possibilities of Bitcoin and, by extension, blockchain ... (Sep 28, 2016, Bitcoin Magazine)
Russia's Largest State-Owned Bank's Cafe Accepts Bitcoin
A cafe located in Russia's largest state-owned bank Sberbank, which has demonstrated an increasing interest in the development of Blockchain networks and cryptocurrencies, is officially accepting Bitcoin payments in Sberbank headquarters in Moscow, ... (Sep 28, 2016, CoinTelegraph)
Scaling Bitcoin Conference Criticized For Rejecting Bitcoin Unlimited Proposals
Scaling Bitcoin Conference workshops and conferences are designed to discuss the implementations of various innovative technologies in scaling the Bitcoin network efficiently and securely. The industry's top wallet service providers, exchanges, trading ... (Sep 28, 2016, CoinTelegraph)
BTC/USD: Bitcoin Price Consolidates Above $600
The price of bitcoin continued to hold above $600 Wednesday, as the market consolidated in a familiar range after a series of sharp fluctuations earlier this month. The BTC/USD exchange rate was last down 0.2% to $603.40, according to CoinDesk. It ... (Sep 28, 2016, Economic Calendar)
In Washington, Momentum Grows for Blockchain Action
While only Wednesday, the week has already seen the launch of the Congressional Blockchain Caucus (an effort led by Rep Jared Polis and Rep Mick Mulvaney), and the opening of the DC Blockchain Center, an information hub for policymakers. The two ... (Sep 28, 2016, CoinDesk)
Washington DC Launches First Blockchain Innovation Center
The Chamber of Digital Commerce and technology incubator 1776 have joined forces to launch the DC Blockchain Center. It will serve as Washington DC's entrepreneurial resource for technology providers, government contractors and agencies investing ... (Sep 28, 2016, Finance Magnates)
CGI Launches Blockchain Lab for Trade Finance
CGI has launched a lab dedicated to helping its trade finance and supply chain clients harness the efficiencies of blockchain for new and existing products. The formal launch today at the Sibos finance conference in Geneva is part of the company's ... (Sep 28, 2016, CoinDesk)
Blockchain Demonstration Highlights Potential Loan Market Improvements
Credit Suisse, Ipreo, Symbiont and R3 have announced the successful initial stage completion of a project showing how blockchain technology can be used to improve the syndicated loan market, according to a Credit Suisse statement. The proof of concept ... (Sep 28, 2016, Finance Magnates)
FX Firm Joins Mexican Bitcoin Exchange's $2.5 Million Fundraise
Bitcoin exchange startup Bitso has raised $2.5m to make it easier for the underbanked in Mexico to gain access to financial services. Among the investors is Mexico-based foreign exchange, Monex Group, which last year conducted $160bn in transactions in ... (Sep 28, 2016, CoinDesk)
OTC Exchange Network Secures Series A Funding for Blockchain-Based FX Platform
OTC Exchange Network Inc. (OTCXN), a participant in Silicon Valley's fintech and Blockchain community, today announced the closing of its Series A round of financing. OTCXN leverages Blockchain, also known as Distributed or Shared Ledger Technology, ... (Sep 28, 2016, Finance Magnates)
Financial sector expands use of blockchain databases
Banks and financial markets are adopting blockchain distributed database software for their payments and lending services at a pace faster than once expected, according to a survey of 400 such businesses globally. Blockchain software is the basis of ... (Sep 28, 2016, Computerworld)
Blockchain Startups Are Hoping to Fix the Cannabis Industry's Banking Problem
Now, a number of startups are using blockchain technology to to facilitate business transactions in the cannabis industry. With digital currency, they're hoping to target the nearly 75 percent of all cannabis businesses that operate only in cash and ... (Sep 28, 2016, Motherboard)
Bitcoin Price Watch; Let's Get Some Momentum Going…
So it is Wednesday morning, and time to take the first of our two looks at the bitcoin price. Action this week has been relatively dull. We have seen some up and down action, and a few decent scalp entries have enabled us to draw a quick profit on the ... (Sep 28, 2016, newsBTC)
Bitcoin? Nonsense!
It was in the media recently that an entity is trying to set up a Bitcoin exchange in Jamaica. I am astounded that any Jamaican authority would even shake hands with any proposer of this idiocy. I am therefore alarmed that, according to the deputy ... (Sep 28, 2016, Jamaica Observer)
Ethereum Classic Price Technical Analysis – ETC Just Formed Bottom
Ethereum classic price after forming a bottom near 0.00182BTC against the Bitcoin jumped higher. There was a sharp move higher, as the ETC/BTC pair broke yesterday's highlighted bearish trend line on the hourly chart (data feed via Simplefx). The price ... (Sep 28, 2016, newsBTC)
Ethereum Price Technical Analysis – Buy Dips In ETH/USD?
Ethereum price after struggling for a few sessions against the US Dollar finally managed to trade higher. There was a nice upside move, and the price managed to clear a couple of short-term resistances. I highlighted a bearish trend line on the hourly ... (Sep 28, 2016, newsBTC)
ASX completes blockchain trading platform prototype
The Australian Securities Exchange (ASX) has said that its blockchain initiative is on track for a final decision in the second half of 2017, with the prototype complete and the organisation now moving to building an "industrial-strength solution" to ... (Sep 28, 2016, ZDNet)
Public blockchain investments heat up: $5 million in 5 minutes
No longer are young blockchain startups laboring in the traditional capital markets of angel investors and venture capital firms. Instead, we're seeing massive demand for blockchain assets from investors globally who have no qualms about sending ... (Sep 28, 2016, VentureBeat)
The Needham Report Forecasts Bitcoin Price to Hit $848
According to the report, the adoption rate of Bitcoin has been better than all previous expectations. With increasing demand, the price projections for the digital currency has improved as well. The Needham report has revised its project from $655 to ... (Sep 27, 2016, newsBTC)
1776 to open new center focused on blockchain technology ...
1776 to open new center focused on blockchain technology ... (Sep 27, 2016, Washington Business Journal)
A Second Internet, Coming Soon, Courtesy of the Blockchain
A Union Square Ventures and Y Combinator backed startup called Blockstack, just barely out of stealth mode, has been designing an alternative browser for what could be fairly described as another internet, one powered by the bitcoin blockchain. “They ... (Sep 27, 2016, Observer)
South Africa Loves Bitcoin
CT: Could you paint a vivid picture of the Bitcoin Start-up landscape in South Africa? WR: The biggest adoption in South Africa seems to be investors using it as a store of wealth. We've seen a big increase in the amount of investors and funds ... (Sep 27, 2016, ValueWalk)
It's Q4 2016, So Where Is Bitcoin's Consumer Demand?
Bitcoin's main problem, to be frank, is that it's core development is run by backroom programmers and cryptographers – all of whom lack a basic understanding of the payments industry, the type of software consumers want, and the mechanisms through ... (Sep 27, 2016, Nasdaq)
R3, Banks, Fintech Startups Test Blockchain Platform for Syndicated Loans
A group of banks, the R3 blockchain consortium and Fintech startup Symbiont have created completed the trail of a proof of concept blockchain simulating an exchange of syndicated loans. An increasing number of financial instruments are being tested, ... (Sep 27, 2016, CryptoCoinsNews)
Currency Settlement Service CLS Reveals Big Blockchain Ambitions
Multi-currency cash settlement system provider CLS is building a payments netting service that will enable cash trades on IBM's Fabric blockchain. Unveiled today at the Sibos financial industry conference in Geneva, the service will mark the entrance ... (Sep 27, 2016, CoinDesk)
ICONOMI 'Uberizing' Blockchain Platform Eclipses $6m In Fintech Crowdsale
Tantalisingly dubbed a Blockchain 'Uber for Fund Management', ICONOMI, has today raised over on $6m to become the third largest crowdfunded investment sale ever. And, the initiative's founders are on a mission to prove that the concept of 'uberization ... (Sep 27, 2016, Forbes)
Ethereum Based US Gaming Company Raises $6 Mln in Crowdsale
“Ethereum has three main advantages. These include smart contracts, fast block times, and a vibrant ecosystem,” said Zack Coburn, FirstBlood's smart contract architect. “Smart contracts allow us to design our token, witness/jury system and game ... (Sep 27, 2016, CoinTelegraph)
Introducing BCoin, Purse's Bitcoin Javascript Library
I'm no programmer, but even I know BitcoinQt (Core) is difficult to work with. Every programmer says so. Core is tried and tested but cumbersome and its development is byzantine. Enter BCoin, the Javascript bitcoin library that includes all the latest ... (Sep 27, 2016, CoinJournal (blog))
India: Migration, Remittance & Bitcoin
At the time when bitcoin is rising on the popularity charts in India, Coinsecure and OKCoin have entered into a partnership to enable remittances into India via the blockchain technology. Bitcoin's underlying technology – the blockchain is the buzz ... (Sep 27, 2016, Investopedia)
Ethereum vs Ethereum: Which Is the Ship of Theseus?
Now we are seeing this sort of scenario in our crypto community with the Ethereum hard fork, which was met by many, not with anger but with compliments and commendations for being exemplary and kindhearted. By modifying Ethereum codes, the hard fork ... (Sep 27, 2016, Bitcoin Magazine)
Botswana Bitcoin & Blockchain Summit Will Train Developers To Build Apps
The Satoshi Centre in collaboration with GDG Gaborone and Partners are putting together the first ever Botswana Bitcoin & Blockchain Summit. It is scheduled from 25-26 November, 2016, at the Botswana University in Gaborone. With the theme 'Bitcoin ... (Sep 27, 2016, CoinTelegraph)
Swedish Investment Portal Sees Bitcoin as a Currency for the Future
Aktiespararna, a news site of the Swedish Shareholders' Association that offers investment advice, has posted an article presenting bitcoin as a future currency that can address the problems of security. The article focuses on the importance of ... (Sep 27, 2016, CryptoCoinsNews)
R3 Banks, Startups Test Blockchain System for Syndicated Loans ...
R3 Banks, Startups Test Blockchain System for Syndicated Loans ... (Sep 27, 2016, CoinDesk)
Tens of Thousands of Merchants Accept Bitcoin in South Africa as Government is Friendly
WR: The biggest adoption of Bitcoin in South Africa seems to be investors using it as a store of wealth. We've seen a big increase in the amount of investors and funds dedicating a section of their portfolio to Bitcoin. This enables companies like BitX ... (Sep 27, 2016, CoinTelegraph)
Blockchain Database Startup BigchainDB Raises €3 Million
A startup seeking to scale blockchain for enterprise use has raised €3m ($3.37m) in venture capital to do for databases what bitcoin's blockchain did for ledgers. Led by Earlybird Ventures and featuring participation from Anthemis Group, RWE Ventures, ... (Sep 27, 2016, CoinDesk)
Bitcoin Takes on Eastern Europe as Blockchain & Bitcoin Conference Lands in Kiev
“The audience engagement at this conference is really impressive,” Krupyshev told Bitcoin Magazine after his talk. “People here are really curious about Bitcoin and blockchain technology. They're not passive or bored listeners. [They] actually want to ... (Sep 27, 2016, Bitcoin Magazine)