Author: Urban
Page: 18
Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’
A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s National Disability Insurance Scheme (NDIS) […]
Blockchain Wunderkinds Headline Forbes 30-Under-30 List
The blockchain and cryptocurrency ecosystem is well represented in this year’s Forbes 30-Under-30list, with four young founders and CEOs aged between 25 and 28 featured for their work on crypto finance, blockchain scaling and crypto asset management. Olaoluwa Osuntokun (25), Nader Al-Naji (26), JB Rubinovitz (26) and Hunter Horsley (28) have made their debut on this […]
$3 Billion Deleted From Crypto Market as Major Digital Assets Perform Poorly
Over the last 24 hours, the crypto market has seen a drop of $3 billion from $212 billion to $209 billion, as major cryptocurrencies including Stellar (XLM) and Cardano (ADA) have fallen by 3 to 6 percent. Peculiarly, Stellar and Cardano are amongst three cryptocurrencies alongside Zcash that are expected to be integrated into Coinbase, […]
Op-Ed: UK Central Bank Holds Venezuela’s Gold Hostage – Bitcoin Users Unaffected
Venezuela, where bitcoin trading is at an all-time high and the socialist government has issued its own cryptocurrency amid record-breaking inflation and other economic woes, has been denied access to its own gold reserves by the Bank of England. The justification used for denying the country’s request to repatriate 14 tons of gold, worth about $550 million, is that there […]
Greg Maxwell: Bitcoin SV ‘Maybe’ the ‘Real Fake Bitcoin’ – ‘But Who Cares?’
Greg Maxwell made headlines recently when an e-mail he’d sent to “Fake Satoshi” Craig S. Wright was revealed to the public. Parts of the e-mail were published on CoinGeek. Maxwell is quoted as saying: I believe it would be adverse for interests that concern me if your influence or prominence in BCH were in any way […]
Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises
An Indian cryptocurrency Ponzi scheme masquerading as an investment company has crumbled in the aftermath of the Reserve Bank of India’s declaration of cryptocurrency as “illegal tender”. The Deccan Chronicle reported this week that Ambidant Marketing and Investment Company, run by father and son duo Syed Fareed and Syed Afaq Ahmed, used promises of Halal investments alongside misused Ulemas (Islamic […]
Crypto-Friendly Robinhood under the Hood: Payments for Order Flow
Robinhood is no doubt quite a revolutionary start-up. They have managed to completely rewrite the rulebook when it comes to retail brokerage and trading. Using a no fees model, they are giving users the opportunity to purchase assets such as equities, Indices and cryptocurrency at the same rate as the institutional markets. Many view them as […]
Bitcoin Accepted Here: Major US Museum Now Takes Crypto Payments
Great Lakes Science Center, a large museum and educational facility in downtown Cleveland, Ohio, will begin accepting Bitcoin as a payment method beginning November 13. Kirsten Ellenbogen, the CEO of Great Lakes Science Center, said that the institution decided to accept crypto to facilitate the growth of the local blockchain ecosystem. “There is a lot of excitement around the […]
What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada
The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at the operation that occupies 27,000 sq. ft. The power that the Mining as a Service (MaaS) operation […]
Distributed Ledger Tech (DLT) can Automate Regulation: CFTC Chairman
As FinTech continues to reimagine new business models for finance, a high-profile financial regulator believes it can also be used to enforce derivative laws more effectively. J. Christopher Giancarlo, the chairman of the US Commodity Futures Trading Commission (CFTC), highlighted distributed ledger technology (DLT) and how it can automate regulations for derivative markets while speaking at the D.C. […]