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Tag: DLT

Traditional Finance Industry is Spending $1.7 Billion Every Year on Building Blockchain

Category: Blockchain, Business, Finance, News, Tech

Traditional Finance Industry is Spending $1.7 Billion Every Year on Building Blockchain

According to a study by Greenwich Associates, a management consulting firm founded in 1972, the traditional finance industry spends more than $1.7 billion on a yearly basis on building blockchain-related protocols, platforms, and products. $10 Million a Year The budget of blockchain development by major banks and financial institutions has increased by around 67 percent on average since 2017. The…

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Playing Soon: A Cryptocurrency and Bitcoin Show on a Radio near You

Category: Bitcoin, Entertainment, Ethereum, News

Playing Soon: A Cryptocurrency and Bitcoin Show on a Radio near You

Cryptocurrencies and their underlying distributed ledger technology (DLT) are increasingly appearing in pop culture. While television and online social websites have their share of cryptocurrency media, the radio will soon witness a particular slot on the emerging asset class in an industry first. “Get in the Game” With Cryptomania Dubbed “Cryptomania – Bitcoin & Beyond,” the weekly show will air…

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Bank of Thailand to Adopt Blockchain Technology

Category: Blockchain, Finance, News, Regulation, Tech

Bank of Thailand to Adopt Blockchain Technology

Dr. Veerathai Santiprabhob, the Governor of the Bank of Thailand, announced the South East Asian country would use blockchain technology to improve existing banking applications. Blockchain Technology Gaining Momentum Santiprabhob made the announcement on June 5, 2018, at the Nomura Investment Forum in Singapore where he also expanded on the details in his Keynote Address concerning the Thai Economy and…

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IOTA and Largest Financial Group in Norway Collaborate to Explore Tangle Solutions

Category: Altcoins, Blockchain, Business, Finance, News, Tech

IOTA and Largest Financial Group in Norway Collaborate to Explore Tangle Solutions

IOTA has announced a partnership with Den Norske Bank (DNB) to explore useful solutions for Tangle Technology. IOTA revealed the collaboration via a press release on the IOTA Foundation website on May 31, 2018. Details of the Partnership The Norwegian is the largest financial group in the country with the market capitalization of $32 billion. IOTA and DNB plan to…

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Russia Supreme Court: Embargo Placed on Bitcoin Website Must Be Reviewed

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Russia Supreme Court: Embargo Placed on Bitcoin Website Must Be Reviewed

Russia’s stance on bitcoin and cryptocurrencies, in general, remains very unclear. While the authoritarian nation has embraced the gospel of distributed ledger technology (DLT) wholeheartedly, the story is not the same for the monetary applications that rest on top of blockchain protocols. Bitcoin not Legal Tender It all began in 2016 when bitcoin became a forbidden fruit in Russia. As…

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Federal Reserve Looks Into Implementation of the Blockchain

Category: Commentary, Finance, News, Tech

Federal Reserve Looks Into Implementation of the Blockchain

On December 7, the Federal Reserve of the United States released an official research paper on blockchain entitled “Distributed ledger technology in payments, clearing, and settlement.” The study mainly entailed the practicality of the blockchain and the technology’s potential in the traditional financial industry. Over the past two years, banks, financial institutions, technology corporations and investment firms have spent billions…

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