Archive | decentralized

Brazil’s Central Bank Reveals Blockchain Data Sharing Platform for Regulators

Brazil’s central bank, Banco Central do Brasil (BCB), announced on Tuesday details of a new data sharing platform for use by the country’s financial regulators. Blockchain security BCB detailed that the new blockchain-backed platform would provide a secure channel for relevant, domestic regulators to share data. Blockchain has been praised by BCB for providing an […]

EOS Block Producers Freeze User Accounts, Prompting Anti-Centralization Outcry

EOS block producers have frozen seven accounts in response to concerns from users that their wallets had been compromised due to phishing attacks. This has caused some controversy, likening EOS to centralized banks that freeze money at will. Some commentators believe this defeats the primary goal of cryptocurrency: to function as decentralized money that no […]

EOS Decentralization Questioned as Block Producers Freeze Accounts

On June 17, 2018, the 21 block producers or nodes that run the EOS network chose to freeze seven accounts that were allegedly stolen from EOS community members. According to reports, all 21 block producers unanimously decided to freeze the compromised assets but the decision was met with controversy from the EOS community, and possibly […]

Norway’s New Online Gambling Monopoly Could Attract Crypto

Norway has presented new gambling regulations to the EU for approval which may affect how cryptocurrency is utilized in this part of the country’s entertainment sector, reports Norske Casino. The new restrictions have been proposed by the Norwegian government essentially to inhibit other providers operating apart from the country’s two state-run casino chains. The two […]

Malta Banker Association Chair Says Crypto Will Make Banks Obsolete

Marcel Cassar, chairman of the Malta Bankers Association (MBA), has told The Malta Independent that cryptocurrencies may pose a significant threat to banks, possibly making them obsolete. He suggested that the threat to banking of mainstream cryptocurrency adoption was because “their traditional role as main payment intermediary for funds and currency transmission will become challenged, […]

Nordic-Baltic Region Scoops up $6.3B of Europe’s Fintech Business

According to a MagnaCarta, Fintech Mundi and Mastercard report, fintech companies are continuing to thrive in Scandinavia and also in the Baltic regions, writes Fintech Schweiz Digital Finance News. They are reported to have created half of the industries main players in Europe to date and those firms seeking fintech partnerships is far higher than the […]

Mathematician Trailblazing for Bitcoin Privacy with “Scriptless Scripts”

Mathematician Andrew Poelstra is working on a system whereby Bitcoin users will be able to enjoy increased privacy. Poelstra feels that companies have now become completely intrusive, delving into to the lives of users who wish for a certain degree of anonymity as they use the blockchain; data is shared and sold on with no […]

What Are IDEX Gems?

Even during extended downtrends – such as much of 2018 – savvy traders continue to utilize unique methods to make profits. If you’ve spent much time on Twitter and other mediums where traders often communicate, you’ve probably heard about IDEX gems.  The term “IDEX gem” refers to a cryptocurrency that is primarily traded on IDEX […]

Blockchain Jobs are Number One In US – Upworks Skills Index

The number one position on Upworks US skills index is now blockchain expertise, making these the most sought-after positions for with current employers, writes Forbes. The Upworks index is a strong indicator of the rising need within the US professional’s employment market for employees with blockchain experience and also is a gauge which indicates that blockchain […]

McKinsey: China, UAE, Estonia, US Leading Blockchain and AI Towards a Tech Utopia

McKinsey experts suggest that by 2020, the number of smart cities will reach 600 worldwide according to Bitcoinschannel. These cities are happening right now with China, UAE, Estonia and the US clear forerunners in the McKinsey analysts’ prediction of 600 metropolia in the next two years. Dubai, with its high-tech society of unmanned trains and […]

Blockchain Startups Refusing to Fail in the First Few Years Will Make History

Many CEOs and cryptocurrency experts are suggesting that many startups will fail but those remaining have the potential to be huge successes thanks to the blockchain, writes Business Insider. References to the dotcom bubble have been made too many times for it to be an original view but pundits from within the industry continue to […]

Ethereum Could Get Major Lift from Plasma, Sharding Developments, SEC Boost

Ethereum has currently created an environment for some positive movement due to current developments in hand and positive SEC rulings over the past few days, according to NewsBTC. Although the price of Ether continues to reflect the current market, there are some positive developments such as its Plasma updates and sharding solutions. Sharding, also known […]

Grammy Winner Imogen Heap a Crypto Convert with New Blockchain Project

Double Grammy Award winner and singer Imogen Heap is using Ethereum to help fund her new blockchain project, writes Business Insider. Heap is self-funding the project with proceeds from a Harry Potter musical, which she helped to score, and her earnings from selling a song for Ether. Heap’s latest and widely quoted-about initiative, Mycelia, focuses on […]

SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’

The Securities and Exchange Commission’s head of the Division of Corporate Finance, William Hinman, stated during the Yahoo All Markets Summit today in San Francisco that cryptocurrencies like BTC and ETH are not securities. Soon after the SEC executive made the statements, cryptocurrency markets saw some gains as BTC rose $350 immediately after the news […]

Michigan Seeks to Add Crypto to Criminal Statutes

On 12 June, the Michigan State Legislature received three bills aimed at providing legal definitions of cryptocurrency and distributed ledgers, according to ETH News. Since then, a fourth bill has been introduced adding “cryptocurrency” and “distributed ledger technology” to the list of “financial transaction devices”, of which theft or fraudulent possession are felonies. Michigan’s attempt to […]