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The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, Finextra reported July 2. Since local banks have reportedly declined to provide banking services to the new type of companies, being concerned about…
Reuters made an excellent post to explain how Blockchains work: A blockchain is a database that is shared across a network of computers. Once a record has been added to the chain it is very difficult to change. To ensure all the copies of the database are the same, the network makes…
By Jamie Bennett, VP of Device Engineering at Canonical (Ubuntu), June 2018 2020, the year that we expect 5G networks to begin turning on is not that far away with some already starting early so it is inevitable that the IoT will adapt to the new features that it brings. Our increasingly connected world, sometimes affectionately…
Blockchain technology has revolutionized the movement of value. Being able to transfer millions of dollars digitally with no intermediary and a transaction fee of just a few cents was unheard of before Bitcoin. While this innovation has gained a global spotlight, there was always a lingering problem: transacting value between Bitcoin and Ethereum still…
The secrets are hidden behind fortified walls in cities across the United States, inside towering, windowless skyscrapers and fortress-like concrete structures that were built to withstand earthquakes and even nuclear attack. Thousands of people pass by the buildings each day and rarely give them a second glance, because their function is not publicly known. They…
BTCC Pool Limited, the mining pool business of cryptocurrency exchange BTCC, has provisionally agreed to sell 49 percent of its equity. According to a memorandum of understanding (MOU) published on Monday by BTCC Pool and its potential buyer, Value Convergence (VC) Holdings Limited – a Hong Kong-based financial service firm – the deal would raise 147…
With a plethora of business blockchains vying for prominence, banks are under increasing pressure to pick a winner – after all, without network effects, surely the benefits would be lost? While that might be conventional wisdom, Commerzbank AG, one of Germany’s largest financial institutions, is taking a different tack. Rather than choose one protocol on…
Once 21 Inc proclaimed itself the most important crypto startup with the largest funding (supposedly $100m) by Andressen Horowitz and others – and then it got real quiet. Read here about the real funding and its demise – even though dubbed as “turnaround” by the last CEO. [or: Silicon Valley Fluff] “In May 2015,…
“80% of firms in the industry surveyed are increasingly reliant upon data to help make better decisions. However, inaccurate data can have far-reaching, adverse consequences. Blockchain-driven technology could solve this problem.” This post is also available in: עברית (Hebrew) The need for better data has been driving industries in large to adopt blockchain technology.…
Der elftgrößte Flughafen der Welt, Amsterdam Schiphol, hat testweise einen Bitcoin-Geldautomaten aufgestellt, um den Bedürfnissen der Reisenden zu dienen. An der Maschine können sowohl Bitcoin als auch Ethereum erlangt werden. In einer Pressemitteilung von gestern teilte der Betreiber des Flughafen Amsterdam Schiphol mit, dass ein Automat installiert wurde, an dem sowohl Bitcoin als auch Ethereum für…
… and it is a well-known vulnerability – and one without a fix. (Ever heard of a “mis-configured” Bitcoin / PoW client? — or the existence of RPC calls able to attack Proof-of-Work?) About $20 mln worth of Ethereum have reportedly been stolen by a group of hackers, exploiting misconfigured Ethereum clients, according to…
German eyeo, the company in Cologne behind the popular browser-based ad block product Adblock Plus, is no stranger to controversy. Which is just as well given its new “passion project”: A browser add-on that labels news content as ‘trusted’ or, well, Breitbart. The beta browser extension, which is called Trusted News (initially it’s just available for…
Jeremy Allaire, Co-Founder & CEO of payments company Circle spoke this morning of an unprecedented “crypto-revolution,” saying that global society is “at the beginning of a tokenization of everything.” Just as the early internet transformed data and communications, blockchain is now poised to revolutionize “every aspect of finance” and “reinvent public and civil services in…
Felix Hufeld, chief of Germany’s financial watchdog BaFin, has said blockchain technology is “revolutionary” and its applications could turn the entire financial sector “upside down.” Hufeld, who is president of the German Financial Supervisory Authority (BaFin), made the remarks during a speech at an event in Berlin last week in which he described the regulator’s…
The Swiss city of Zug will conduct a blockchain-powered trial municipal vote this summer, local media outlet Swissinfo.ch reported June 8. The event, which is scheduled to take place between June 25 and July 1, will reportedly be Switzerland’s first municipal vote using blockchain. According to the report, the upcoming trial vote will implement the…
Nicht wenige Experten sagen, dass Blockchain-Technologie auf dem Weg ist, eine ähnliche Entwicklung wie das Internet vor etwa 20 Jahren zu nehmen. Folgt man dieser These, stellt sich die Frage, ob das nächste Google, Amazon oder Facebook vielleicht bereits gegründet wurde oder erst in den kommenden Jahren entstehen wird. Ob es einen Blockchain-Champion aus Deutschland…
Ant Financial, the payment affiliate of Chinese internet giant Alibaba, announced on Friday it has raised $14 billion in a Series C round funding, which will be used to further develop new technologies such as blockchain. Founded in 2004 as AliPay and later rebranded to Ant Financial in 2014, the Alibaba affiliate touts the goal…
Japanese IT giant GMO Internet has revealed prices and specs for its new-from-the-ground-up bitcoin miners – the world’s first based on a 7nm chip. At a press conference, the company said Tuesday that its 7nm ASIC (application-specific integrated circuit) that will power the new B2 miner is designed in Japan, but manufactured in Taiwan. The arrival…
China Mobile Corporation, one of the three state-owned telecommunications giants in the country, is exploring the use of distributed ledger technology within its core mobile data business. According to patent application filed with China’s State Intellectual Property Office (SIPO) in November 2016 and made public on Tuesday, the company is eyeing the development of a…
![[Post GitHub… ] GitTorrent: A P2P Network of Git Repositories Shared Over BitTorrent](https://i0.wp.com/www.bgp4.com/wp-content/uploads/2018/06/798-Satoshi-Square.jpg?resize=840%2C300&ssl=1)
GitTorrent is a project in development by Chris Ball, that will allow developers to use decentralized remote Git repositories. While Git itself is distributed in nature — many developers can have their own complete copy of a project’s history — nearly all projects require some authoritative place for the project code. Currently, this single source of…
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