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Money 20/20 Europe • June 26-28, 2017

European-focused event on Fin-tech, providing an overlook of the disruptive ways in which consumers and businesses manage, spend and borrow…

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Joseph Young

About author: Joseph Young

Joseph is a bitcoin enthusiast, financial consultant, web developer writer based in Hong Kong. He has worked with hotels and tech firms in Korea, the Philippines, Hong Kong and Singapore as a front-end developer and has collaborated with venture capital firms to explore bitcoin and virtual reality-focused startups in South East Asia.

Venezuela in Crisis: Bitcoin Remains a Haven

Category: Altcoins, Bitcoin, News

Venezuela in Crisis: Bitcoin Remains a Haven

The inflation rate of the Venezuelan bolivar has increased to triple digits, leading to a financial turmoil which Venezuelans have struggled to cope with over the past two years. As a result, families and households have turned toward bitcoin, a decentralized digital currency, to mitigate the financial damage inflicted by the plummeting value of the Venezuelan bolivar. In January 2017,...

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Two Mobile Developers Lay the Foundation for an Ethereum-Based Ecosystem For Digital Arts

Category: Entertainment, Ethereum, News

Two Mobile Developers Lay the Foundation for an Ethereum-Based Ecosystem For Digital Arts

Matt Hall and John Watkinson, the co-founders of Larva Labs, a mobile app development studio that has created some of the most popular iOS and Android applications, released their latest project called CryptoPunks, an Ethereum-based tokenized ecosystem wherein digital creators can distribute artworks in a more transparent, secure and efficient manner. The CryptoPunks platform is currently in its early stage...

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Bancor Criticized for Untested Code After $150 Million ICO

Category: Altcoins, Commentary, News

Bancor Criticized for Untested Code After $150 Million ICO

The Bancor Network, a blockchain project endorsed by prominent billionaire investor Tim Draper, recently raised $150 million in an initial coin offering (ICO). However, the development team behind Bancor was criticized for the abrupt extension of investment period and its untested code. On June 12, Bancor extended the investment timeframe of its ICO by three hours due to supposed attacks...

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Coinsilium Invests in Blockchain-Based Professional Network Indorse

Category: Business, News

Coinsilium Invests in Blockchain-Based Professional Network Indorse

Singaporean blockchain startups are continuing to attract more investors to this emerging sector. On June 9, early-stage startup accelerator Coinsilium announced a SGD$100,000 ($72,500) investment in Singaporean blockchain-based Linkedin-like professional network Indorse. According to the official press release, the deal was secured with the issuance of a convertible loan which granted Coinsilium an undisclosed number of the native tokens of...

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Banks Can Legally Deny Services to Bitcoin Companies in Israel

Category: Bitcoin, News, Regulation

Banks Can Legally Deny Services to Bitcoin Companies in Israel

On June 6, the Tel Aviv district court announced its official ruling on the dispute between Israeli bitcoin exchange Bits of Gold and the country’s second largest financial institution Bank Leumi. The court ruled in favor of Bank Leumi, dismissing the case of Bits of Gold and the denial of banking services for bitcoin startups and service providers in the...

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Oil Giant BP to Test Blockchain Technology With BTL Group

Category: Blockchain, Business, News

Oil Giant BP to Test Blockchain Technology With BTL Group

Oil giant BP, the world’s eighth-largest energy company by revenue ($222.8 billion), has officially begun collaborating with Canadian blockchain startup BTL Group. After a few months of successful testing, BP, Italian oil and gas company Eni, and major German energy company Wien Energie all plan to enter a six-month production phase with BTL’s Interbit platform built on top of the...

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Chinese Exchanges to Lessen Bitcoin Fees by Building Lightning-Like Tech

Category: Bitcoin, Blockchain, Finance, News

Chinese Exchanges to Lessen Bitcoin Fees by Building Lightning-Like Tech

On June 3, an insider source told Chinese cryptocurrency news agency CnLedger that two of the largest Chinese bitcoin exchanges Huobi and OKCoin are currently working on the development of an off-chain payment channel similar to the Lightning network to lower transaction fees. CnLedger reported: “Chinese exchanges Huobi and OKCoin are working on building a Lightning Network-like channel, to lower...

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Russia and China May Digitize Their Currencies With Ethereum

Category: Ethereum, News

Russia and China May Digitize Their Currencies With Ethereum

An increasing number of central banks and governments are working on digitizing their national currencies. China and Russia are investigating the potential of Ethereum as the base protocol for a digital Yuan and Ruble respectively. Currently, the Royal Chinese Mint, the subordinate unit of China Banknote Printing and Minting, is testing Ethereum and its ERC 20 token standard to digitize...

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South Korea's Largest Financial and Tech Institutions Join R3

Category: Business, Finance, News, Tech

South Korea's Largest Financial and Tech Institutions Join R3

On May 30, LG, one of the largest electronics company in South Korea behind Samsung, officially announced its partnership with R3CEV as a part of a larger vision to target the South Korean fintech and finance industries with distributed ledger technology. Over the past few years, many leading financial institutions and banks in the world have joined R3CEV, including South...

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MIT Study on Using Bitcoin to Prevent Identity Theft and Encryption Attacks

Category: Bitcoin, Blockchain, News, Tech

MIT Study on Using Bitcoin to Prevent Identity Theft and Encryption Attacks

At the IEEE Symposium on Security and Privacy held over May 22-24, MIT researchers presented a paper on a new encryption method which utilizes the underlying technologies of Bitcoin to prevent identity theft and encryption attacks. Alin Tomescu, an MIT graduate student in electrical engineering and computer science, and his thesis advisor, Srini Devadas, the Edwin Sibley Webster Professor of...

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