Blockchain News
Microsoft-BAML Blockchain Partnership Aims to Improve Trade Finance
Microsoft msft and Bank of America Merrill Lynch have joined forces on a project to use blockchain technology to make trade finance transactions faster, cheaper, safer, and more transparent, the companies said Tuesday. The two multinationals said at ... (Sep 27, 2016, Fortune)
“Uber for Fund Management” Ethereum-based ICONOMI Raises $5.8m in Crowdsale
Developed by Cashila, one of the first registered bitcoin companies in Europe, Ethereum-based ICONOMI is creating a disintermediated alternative to the dollar fund management industry, or as they refer to it, “uberizing Wall Street”. Take the lead from ... (Sep 27, 2016, Finance Magnates)
Russian Coffee Shop Pours For Bitcoin
While Russia continues its back-and-forth internal debate on bitcoin, analysts say many governments have already decided that, if they ban bitcoin or any other cryptocurrency, they risk suppressing innovation and perhaps missing out on the quickly ... (Sep 27, 2016, PYMNTS.com)
Ethereum (ETH and ETC) Price Trends (Week of September 26th)
Also, as was predicted on the day of the Shanghai conference by Jeffrey Wilke, one of the core developers, Ethereum was targeted by a DDoS attack on September 22. As a direct consequence, the network began running much slower. This attack was ... (Sep 27, 2016, CoinTelegraph)
Microsoft and BAML team up on blockchain-based trade finance project
N) have joined forces on a project to use blockchain technology to make trade finance transactions faster, cheaper, safer and more transparent, the companies said on Tuesday. The two multinationals said at the Sibos financial services conference in ... (Sep 27, 2016, Reuters)
Can This 22-year-old Coder Out-Bitcoin the Bitcoin?
The letters in DAO stood for decentralized autonomous organization, and the idea was that the startup would be a new type of corporation—built on the technology that powers cryptocurrencies, such as Bitcoin—with algorithms executing the strategy ... (Sep 27, 2016, Fortune)
Microsoft Supports Ethereum Classic, Hosts Meetup with Charles Hoskinson
Microsoft, an American multinational technology corporation, recently hosted an Ethereum Classic meetup joined by original Ethereum founder Charles Hoskinson in its London headquarters. Hoskinson, who left the Ethereum foundation in 2014 before the ... (Sep 27, 2016, CoinTelegraph)
Bitcoin Price Watch; Will We See A Debate Hangover?
So it's Tuesday morning, and after yesterday's first presidential debate in the US, there's every chance we will see some level of increased volatility in the bitcoin price as we head into the European open this morning. When the US kicks off for the ... (Sep 27, 2016, newsBTC)
Swiss Central Banker: Blockchain Turning Finance 'On Its Head'
The president and and chairman of the board of Switzerland's central bank described a financial system "turned on its head" by blockchain and distributed ledgers to kick off the Sibos conference yesterday in Switzerland. Addressing a crowd of some 8 ... (Sep 27, 2016, CoinDesk)
BraveNewCoin to Distribute Bitcoin Pricing and Analytics on RIMES MDS
With this new partnership, RIMES' clients have the ability to receive BNC bitcoin pricing from RIMES Benchmark Data Service, for use in their local databases or analytic tools. The BNC index, 'Bitcoin Liquid Index' (BLX), provides tick by tick data ... (Sep 27, 2016, Finance Magnates)
Bitcoin is Undervalued as Volumes of Over-The-Counter and Exchange Markets in China Show
Unlike most traditional forms of assets and investment tools in China, Bitcoin is unique in a way that investors and traders can simple move the Cryptocurrency out of the country without any borders or boundaries. Since smuggling the Chinese Yuan, gold ... (Sep 27, 2016, CoinTelegraph)
New WordPress plugin allows any website to host a Bitcoin faucet
Bitcoin faucets have been around ever since Bitcoin started out more or less. The idea of faucets is simple – visit the faucet in order to get a small amount of Bitcoin to experience your first Bitcoin transaction. The first Bitcoin faucet ever created ... (Sep 27, 2016, newsBTC)
Don't let banks fool you, the blockchain really does have other uses
Speaking to The Register, fintech consulant Diana Biggs said it seemed "pretty evident that blockchain is very hyped at the moment" and noted a "marked change" from even two years ago, "when no financial institution or professional services firm would ... (Sep 27, 2016, The Register)
Ethereum Classic Price Technical Analysis – Selling ETC Worked
Ethereum classic price traded further lower against the Bitcoin, and tested the last low of 0.00182BTC. Yesterday's highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) acted as a perfect barrier for the bulls. The ... (Sep 27, 2016, newsBTC)
Bitcoin-Inspired Technology Starts to Reshape Currency Markets
Bitcoin-inspired ledger technology is taking its first steps in foreign-exchange markets. Companies that provide payments systems to banks are unveiling products that use distributed ledgers to lower the costs of cross-border transactions, amid signs ... (Sep 27, 2016, Wall Street Journal)
Ethereum Price Technical Analysis – ETH Traders Await Break ...
Ethereum Price Technical Analysis – ETH Traders Await Break ... (Sep 27, 2016, newsBTC)
Bitcoin Price Technical Analysis for 09/27/2016 - Bullish Momentum Returning?
Bitcoin price is still hovering around the bottom of the ascending channel on its 4-hour time frame. Bullish momentum seems to be returning as price made a more convincing bounce and is in a continuation pattern. A bullish flag pattern has formed after ... (Sep 27, 2016, newsBTC)
Blockchain Just Made Some New Friends in Congress
Mick Mulvaney (R-SC) announced the creation of a “Blockchain Caucus” to promote laws and policies to encourage the development of crypto-currencies and other blockchain-related tools. “Blockchain technology has the potential to revolutionize the ... (Sep 26, 2016, Fortune)
Kyckr's Rob Leslie on Blockchain and Regulatory Compliance
Kyckr is a blockchain-centric solutions provider that delivers end-to-end compliance data sourced from over 150 business registers worldwide. Information captured and disseminated through the use of Kyckr's verification API is used by banks, financial ... (Sep 26, 2016, Bitcoin Magazine)
Gavin: Ethereum Will Outgrow Bitcoin at This Pace
What's up with Ethereum? Is it really going to be the “Bitcoin Killer” as people labeled it in its early days, or not? At least Gavin Andresen, one of the leading personalities in the Bitcoin community seems to think so. He has made his opinion public ... (Sep 26, 2016, newsBTC)
Problems Associated With Bitcoin Mining Centralization May Be Overstated
For many, the level of centralization found in the Bitcoin mining ecosystem is the biggest issue for the peer-to-peer digital cash system today. As a technology that relies on decentralization in order to provide a censorship-resistant bearer ecash ... (Sep 26, 2016, Bitcoin Magazine)
These Banks Are Testing an Intel-Powered Blockchain Platform for Bond Transactions
U.S.-based financial innovation start-up R3 announced on Monday that it and eight banks, including HSBC and State Street, have successfully tested a blockchain platform powered by Intel intc technology for bond transactions. The platform featured ... (Sep 26, 2016, Fortune)
Blockchain Could Be Music's Next Disruption
This could all change under blockchain-based platforms — clever pieces of code called smart contracts, and their capacity to link and act upon data. The new technology runs on millions of devices, from desktops to smartphones, and is open to anyone ... (Sep 26, 2016, Huffington Post)
P&C Insurer Trials Blockchain for Catastrophe Coverage
One of Japan's largest property insurers is co-developing a prototype blockchain system for insurance derivatives. Sompo Japan Nipponkoa Holdings announced today that it is working with a firm called Soramitsu to develop a means to purchasing and ... (Sep 26, 2016, CoinDesk)
R3, eight banks successfully test Intel blockchain platform for bond tradi...
R3, eight banks successfully test Intel blockchain platform for bond tradi... (Sep 26, 2016, Reuters)
Ethereum DDoS Attack Abuses Internal Attributes
The first sign of trouble was when geth nodes started to crash in the network due to lack of memory on a specific block, according to Ethereum's blog. The crash only affected clients that were based on the Go language, and Ethereum created a hotfix the ... (Sep 26, 2016, Security Intelligence (blog))
Blockchain FinTech Startups in New York - What Will Be the Next Bitcoin?
Blockchain, a cryptographically secure list of transactions, is used by startups that mine and distribute digital financial instruments and digital currencies. Coinbase, a popular example, is one of the main startups underpinning widespread adoption of ... (Sep 26, 2016, Huffington Post)
The US Congress now has a caucus dedicated to bitcoin and blockchain
A U.S. Congressional group dedicated to studying the technology underpinning the bitcoin cryptocurrency was set up today (Sept. 26) by two congressmen. The Congressional Blockchain Caucus was formed by Jared Polis, a Democrat congressman from ... (Sep 26, 2016, Quartz)
Can a blockchain-IoT hybrid finally give us smart guns?
But first, let's delve into guns before we explore the inclusion of the blockchain. In April this year, President Obama made funding for smart gun research part of his end-of-term efforts. The smart gun promises a technological fix for gun violence by ... (Sep 26, 2016, ReadWrite)
London Fintech Firm Launches Formal Verification Platform for Blockchain-Based Smart Contracts
The new cloud-based platform will be used initially by Ethereum, a decentralized blockchain app platform that runs smart contracts. “Imandra is a tool for analyzing smart contracts to help individuals understand what they do, why they do it, and what ... (Sep 26, 2016, CryptoCoinsNews)
8 R3 Banks Test Intel Blockchain Platform
A group of eight undisclosed R3 member-banks have successfully tested a blockchain prototype that simulated the exchange of US Treasury bonds. Though a familiar use case for the tech, the test is notable given that it used technology developed by Intel ... (Sep 26, 2016, CoinDesk)
[Updated] A College Non-Profit Handed Out Free Bitcoin to Chicago Students
The Blockchain Education Network, a grassroots non-profit college collective of cryptocurrency enthusiasts and advocates distributed free bitcoin to students in multiple Chicago campuses this weekend. Bitcoin is a cryptocurrency that fundamentally goes ... (Sep 26, 2016, Hacked)
Lawmakers announce blockchain technology caucus
Bitcoin and other blockchain based-currencies have been associated with libertarian hopes of anonymous digital payments and criminals on dark websites like the Silk Road who used the currency to purchase contraband anonymously. Blockchain ... (Sep 26, 2016, The Hill)
BitGirls: Japan using cute 'idol' girls to get consumers interested in bitcoin and cryptocurrencies
A new TV show is launching in Japan that will use cute girl "idols" to introduce the concept of cryptocurrency and blockchain to a consumer audience, allowing the audience to vote for the girls they like. The BitGirls TV show is a new reality programme ... (Sep 26, 2016, International Business Times UK)
Bitcoin Price Remains Stagnant Around $600 As Traders Wait for More Definitive Signals
Last week we made a point of discussing price volatility, or the lack thereof, because we thought there was a decent chance it could make a return to the Bitcoin markets in the not too distant future. Well, apparently we are not there yet given that ... (Sep 26, 2016, CoinTelegraph)
Juzhen Raises $23 Million to Bring Blockchain Post-Trade to China
The Series A funding was led by Wanxiang Holdings and included support from its blockchain-focused investment subsidiary Fenbushi Capital. The funding marks the largest investment round raised yet by an Asia-based blockchain startup, CoinDesk data ... (Sep 26, 2016, CoinDesk)
Blockchain-Based Smart Identity Will Free World of Paper ID's
A universally compatible Blockchain-based smart identity project by Deloitte has the potential to impact every aspect of our lives. In an era where we are increasingly using mobile and electronic devices to move data around, identity management is ... (Sep 26, 2016, CoinTelegraph)
Investment Firm Values Bitcoin Price at $848 Over Improving Fundamentals, $2231 By 2020
Needham & Company, LLC, an investment banking and asset management firm, just bumped the estimated value of bitcoin from $655 to $848, due to faster than expected adoption and improving fundamentals, according to Money Morning. The new estimate ... (Sep 26, 2016, CryptoCoinsNews)
Bitcoin Finds Berth at Sberbank's Moscow Office Despite Ban Talk
While Russian authorities are still trying to define the legal status of bitcoin, the virtual currency has found use in Moscow in the lobby of the country's biggest bank. A coffee stand at the headquarters of state-owned Sberbank PJSC is one of the ... (Sep 26, 2016, Bloomberg)
Bitcoin Price Volatility Exciting Bulls, Rally Still Expected
In just the last five years, the inflation rate of bitcoin has dropped massively from between 30 and 50 percent, to about four percent in 2016. The numbers suggest that the adoption rate of bitcoin as the world's number one cryptocurrency is rapidly ... (Sep 26, 2016, Bitcoinist.net)