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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: MIT

Fidelity May Launch Cryptocurrency Exchange but Quietly Shuts Down Cryptocurrency Fund

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

Fidelity May Launch Cryptocurrency Exchange but Quietly Shuts Down Cryptocurrency Fund

Fidelity Investments is facing roadblocks on its way to being a digital currency player. While reports on June 5, 2018, suggested the institutional heavyweight is intent on building a cryptocurrency exchange, an additional report confirmed the firm’s closure of their much-celebrated cryptocurrency fund. Fidelity’s Cryptocurrency Exchange Push Fidelity has been an early adopter of cryptocurrencies and blockchain technology. Reportedly, the…

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MIT Researchers Demo a Smart Contract-powered Lightning Network for Bitcoin

Category: Bitcoin, Blockchain, News, Tech

MIT Researchers Demo a Smart Contract-powered Lightning Network for Bitcoin

The Digital Currency Initiative (DCI), a cryptocurrency and blockchain-focused research community at MIT, are demonstrating an experimental use case in the backdrop of Bitcoin’s Lightning Network that would amalgamate smart contracts with the Bitcoin network to scale further. The Lightning Network is an open protocol layer that is built on the bitcoin blockchain network, enabling faster and cheaper transactions. The…

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Amendment of Bitcoin’s Open License Proposed to Dampen Fork Mania

Category: Bitcoin, Commentary, News, Tech

Amendment of Bitcoin’s Open License Proposed to Dampen Fork Mania

The current whirlwind of hard forks such as Bitcoin Gold, Bitcoin Diamond, Bitcoin Cash and others have worsened the confusion about the very idea of Bitcoin and thus harming it in many ways. It is believed that many projects are unduly exploiting the liberal MIT open license which underpins Bitcoin’s core code to attack the blockchain network. Hence, confusing the…

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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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Australian University Rolls Out Blockchain-based Student Record System

Category: Blockchain, Business, News, Tech

Australian University Rolls Out Blockchain-based Student Record System

The University of Melbourne is rolling out a blockchain-based student record system, one of the first in the world to utilize the technology behind Bitcoin in this way. Working in conjunction with U.S. blockchain startup Learning Machine and the Massachusetts Institute Of Technology (MIT) Media Lab, the University will test Blockcerts, the blockchain-based micro-credential system. The University of Melbourne is…

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Blockchain Commercialization Soars: Does It Have a Technical Weakness?

Category: Bitcoin, Blockchain, Commentary, News, Tech

Blockchain Commercialization Soars: Does It Have a Technical Weakness?

Innovative ideas are in full bloom relative to blockchain commercial applications. They hold the potential to reinvent everything from investment trading platforms to medical record systems to land use titling management. Many liken the world of blockchain to the early days of the Internet, which was full of hope and promise but also adversely impacted by rapid growth. Ultimately a series…

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Malta Introduces First Blockcerts Pilot in Europe

Category: Bitcoin, Business, News, Tech

Malta Introduces First Blockcerts Pilot in Europe

Malta’s Ministry for Education and Employment (MEDE) is working with Learning Machine Group (LMG) to put University degrees and earned credentials on the Bitcoin blockchain using the Blockcerts open standard. The government of Malta issued a press release on January 24 stating that MEDE has signed a Memorandum of Understanding with LMG, signalling the intention of both parties to develop…

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