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German Authorities Make Bitcoin Official Legal Tender in the Tourism Sector

March 30, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Ethereum, News, Regulation, Tech

Life is a trade; you win some, you lose some. This is the condition of the world’s flagship cryptocurrency right now. While bitcoin is banned in some countries presently, it is gaining more mainstream adoption in many other nations. In a point for cryptocurrencies, however, the German National Tourist Board...

Arizona Just Approved America’s First Regulatory Sandbox for Blockchain Firms

March 29, 2018 by Priyeshu Garg at Blockchain, Business, News, Regulation, Tech

FinTech firms in Arizona couldn’t have asked for a better gift from Governor Doug Ducey as the big man signed House Bill 2434 into law. With this development, Arizona has now become the first state in the United States to have a regulatory sandbox for FinTech firms. Note that while...

Bitcoin Developers Sharpen the Focus for Future Development

March 29, 2018 by contributor at Bitcoin, Blockchain, Commentary, News, Tech

The developers of Bitcoin Core recently published a transcript about the software priorities and overall vision for Bitcoin’s future development. They truly dream of having bitcoin a globally accepted currency, as well as creating various implementation software. At the recently held Bitcoin Core developers Annual Meeting, the team’s most active...

JP Morgan Chase Rekindles Blockchain Ambition with Quorum

March 29, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, Ethereum, Finance, News, Tech

In another return to the technology underpinning Bitcoin, JP Morgan Chase is determined to become a significant player in the blockchain ecosystem by making its cross-border payment solution, Quorum, an independent project. And Quorum was Reborn JPMorgan Chase is one of the first institutional investors to catch the blockchain bug....

Ethereum-Based Payment Platform, Request Network, Announces Blockchain Partnership with PwC

March 29, 2018 by contributor at Blockchain, Business, Ethereum, News, Tech

In a massive step towards cryptocurrency adoption as a whole, Request Network signed a partnership with PwC France, as announced in Singapore on March 26, 2018. Request Network is a decentralized network that allows anyone to request a payment for which the recipient can pay securely. This innovation results in...

MOBI to Develop Mobility Payments Network for Machine-to-Machine Transactions Based on Blockchain

Inter-Vehicle Crypto Transactions Imagined by Ford Patent

March 29, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, News, Tech

Ford Motor Company has been awarded a new patent that reimagines intelligent cars and a future motoring experience involving AI and utility tokens. Ford’s license considers that vehicles will not only actively communicate with each other but also use a token currency as a transactional aid to buy passage and...

The Death of Altcoins? Lightning Network Growing Rapidly, Nodes Now Exceed Those of Bitcoin Cash

March 29, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Tech

Although still fresh off developers’ drawing boards, the Lightning Network is experiencing rapid adoption and already runs more active nodes than bitcoin cash. The most recent statistics point to Lightning’s marginal lead over BCH. A network to network comparison of active nodes shows bitcoin cash (ABC) with 1,287 nodes compared...

PwC Acknowledges “The Future,” Set To Launch Blockchain Auditing

March 28, 2018 by contributor at Blockchain, Business, News, Tech

On March 19, 2018, the “Big Four” accounting firm PWC and Northern Trust, a U.S custody bank, have jointly announced the release of new tools to give private equity fund auditors fast access to data stored on its private blockchain. The move effectively lays the foundations for large-scale adoption of...

Chilean Crypto Exchange Platforms Unite for Clarification of Regulations in the Country

March 28, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Regulation

Cryptocurrency exchanges in Chile are beginning to feel the heat of regulatory crackdown orchestrated by the country’s mainstream finance regulators. In response, a handful of relevant exchange platforms in the country have spoken out over what they claim are unfair measures being taken against their operations. The Need for Fair...

London Needs to Embrace Blockchain Post-Brexit to Stay Relevant Says Leading MEP

‘A Stable, Flourishing Cryptocurrency Exchange in London’ Possible, According to City Finance Minister

March 27, 2018 by Kieran Smith at Altcoins, Bitcoin, Blockchain, Commentary, Finance, News, Regulation

Days after the UK government announced the establishment of a crypto task force, the City’s Minister John Glen has said that the city could host a "flourishing" crypto exchange if the right level of regulation is found. At the Treasury International FinTech Conference, the minister gave a speech that recognized...

New European Privacy Laws Could Spell Doom for Blockchain Businesses

March 26, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, News, Regulation

A new set of regulations concerning data protection could have a negative impact on blockchain applications in the European Union (EU). One of the fundamental operational premises of most blockchain-based applications is in danger of being against a new European law on privacy. The record of transactions on most blockchains...

European Utilities Look to Blockchain Technology to Stay Ahead of the Competition

March 26, 2018 by Cindy Huynh at Blockchain, Business, News, Tech

European utilities will begin directly trading with one other using blockchain technology to stay ahead of emerging technology and stave off competition from agile startups and digital companies. According to Reuters, energy operators previously tested blockchain technology for wholesale trading. However, Enerchain, the peer-to-peer trading initiative will go live in...

United States Postal Service Set Use Blockchain Technology to Backup Data

March 26, 2018 by Andrew O Malley at Bitcoin, Blockchain, Business, News, Tech

While U.S. government bodies have largely been skeptical regarding cryptocurrencies, they do see the critical role blockchain technology could play in the way they operate. Postal Service Blockchain Patent Proposal The United States Postal Service (USPS) is the latest government body looking to embrace the innovation underpinning Bitcoin. The national...

Sierra Leone Did Not Run the World’s First Blockchain Election

March 26, 2018 by Cindy Huynh at Blockchain, News, Tech

On March 7, 2018, Swiss Lab and Foundation for Digital Democracy called Agora, reported that they would work with Sierra Leone to make it the first country in the world to run blockchain-powered elections. Unfortunately, this was false. Agora merely observed the voting and stored some of the results. How...

Blockchain and AI Go Hand-in-hand in 3 Important Areas

March 25, 2018 by contributor at Altcoins, Blockchain, News, Tech

Machine Learning and Artificial Intelligence (AI) grew exponentially over the last year. A massive year for these relatively new technologies. The venture capital funding doubled to $12 billion in the previous year for AI. At the same time, the blockchain has been laying the foundation for a new decentralized internet....

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