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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: United Kingdom

U.K.’s House of Lords Holds Hearing on Potential for Blockchain

Category: Finance, News, Regulation

U.K.’s House of Lords Holds Hearing on Potential for Blockchain

On July 20, 2016, the Economic Affairs Committee of the House of Lords held a hearing to educate themselves on the potential benefits and risks of using blockchain technology and the effect it may have on the economy. The lively discussion raised some interesting points and questions; while shedding light on recent research on a central bank issued digital currency,…

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U.K. Exploring Blockchain Tech to Improve How Government Works

Category: Business, News, Tech

U.K. Exploring Blockchain Tech to Improve How Government Works

The British government is exploring cryptocurrency options, namely Bitcoin and underlying blockchain technologies, as possible solutions to government inefficiency and accountability issues. One such application could include tracking and administrating research grants funded by taxpayers. Minister for Cabinet Office, Matt Hancock, delivered a speech on April 26, 2016, discussing the potential for blockchain technology to transform the ways that government…

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Bank of England Working On Centrally Controlled ‘RSCoin’

Category: Finance, News, Regulation, Tech

Bank of England Working On Centrally Controlled ‘RSCoin’

The UK’s central bank is working with researchers at University College of London (UCL) on a centrally controlled digital currency based on Bitcoin, according to a report from the MIT Technology Review. The cryptocurrency framework, dubbed RSCoin, allows central banks to maintain complete control over the monetary supply, but relies on a distributed set of authorities to prevent double-spending. Similarly…

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UK Government Report Advocates Use of Blockchain Technology

Category: Business, News, Regulation, Tech

UK Government Report Advocates Use of Blockchain Technology

The UK’s chief scientific advisor to the government, Sir Mark Walport, has advocated for the use of blockchain technology in a report released January 19th, including a recommendation for use of this technology to secure data in public services. For instance, the report stated that, “distributed ledger technologies have the potential to help governments collect taxes, deliver benefits, issue passports,…

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Tech Giants and Bitcoin Startups Banned from Offering Advanced Encryption

Category: News, Regulation, Tech

Tech Giants and Bitcoin Startups Banned from Offering Advanced Encryption

On October 30, Great Britain’s Home Secretary Theresa May announced the formation of a surveillance bill which requires communication and technology companies such as Apple and Google to provide 12 months of web browsing history and sensitive financial information to law enforcement and spy agencies including M16 and GCHQ for inspection. “I’ve said many times before that it is not…

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