What Is Quorum Blockchain? A Platform for The Enterprise
Blockchain

What Is Quorum Blockchain? A Platform for The Enterprise

Share and get +16 +16 Samer Falah, Head of Quorum Blockchain Engineering, JPMorgan Chase Bank, N.A. * Imran Bashir, Quorum Engineer, JPMorgan Chase Bank, N.A. *IntroductionQuorum® is an enterprise blockchain platform. It is a fork of the public ethereum client ‘geth’ with several protocol level enhancements to support business needs. The primary purpose of the Quorum project is to develop an enterprise ethereum client which empowers businesses to embrace and benefit from blockchain technology. As Quorum is an open-source project, the code base of the platform is open for anyone to audit, which promotes trust in the platform. Open-sourcing further increases adoption and attracts developers from different industries to participate in the development of this platform.Blockchain and enterpris...
Bitcoin on Showtime: Winklevoss Biographer Writes BTC Mining Plot for Billions
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Bitcoin on Showtime: Winklevoss Biographer Writes BTC Mining Plot for Billions

Sunday’s episode of the Showtime series Billions featured a cryptocurrency mining scheme being executed in a prep school. The Bitcoin focused episode was written by Ben Mezrich, who also wrote the book Bitcoin Billionaires which tells the story of the Winklevoss twins, the venture capitalist’s behind the Gemini crypto exchange who are reported to own about 1% of Bitcoin’s total supply between them. Mezrich teased the episode on Twitter: Billions this Sunday night... I’m not sayin’ there’s definitely gonna be some Bitcoin... I’m just saying I did happen to write the episode...I mean, just sayin’... — Ben Mezrich (@benmezrich) May 14, 2020 Beg, Bribe, Bully The episode entitled “Beg, Bribe, Bully” told the story of Gordie Axelrod, son of the shows main character Bobby Axelrod. ...
Louisiana State Senate to Consider Crypto Business Licensing Bill
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Louisiana State Senate to Consider Crypto Business Licensing Bill

The Louisiana State Senate is about to consider a bill to regulate and license virtual currency businesses. Sponsored by state Rep. Mark Wright (R-77), HB701 sailed through the state House of Representatives with unanimous approval, and is being referred to the Senate Committee on Commerce, Consumer Protection and International Affairs. If passed, the legislation would establish Louisiana’s first crypto licensing regime. Crypto businesses would have to apply with the state’s Office of Financial Institutions (OFI), fork over executives’ fingerprints, subject their “experience, character and general fitness” to investigation – and perhaps the business premises as well – and pay a nonrefundable registration fee, among other requirements. Registrants licensed by states with comparable regimes...
Blockchain Oracles- The Key To Scalability And Interoperability
Blockchain

Blockchain Oracles- The Key To Scalability And Interoperability

Share and get +16 +16 blockchain oracles are third-party services that provide smart contract with external information. They serve as bridges between blockchains and the outside world.Scalability and interoperability are often considered the two holy grails of the crypto space. Interoperability is defined as the ability of different softwares to communicate and exchange information with each other effectively. Oracles are a powerful tool that can provide interoperability between different blockchains and communicate with external data sources.Why interoperability is importantThere are several centralized points of failure currently within the decentralized space. Eg. The exchanges act as a portal between the centralized and the decentralized space. However, since they are highly vulnerab...
World Economic Forum Warns Leaders to Brace for Long-Lasting Global Recession as Cybercrimes Surge
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World Economic Forum Warns Leaders to Brace for Long-Lasting Global Recession as Cybercrimes Surge

The World Economic Forum (WEF) suggested that leaders around the world need to do more to ensure a quicker and more sustainable recovery for the global economy caused by the COVID-19 pandemic.      Amongst the 350 top risk professionals in the world surveyed, these risk managers expect a prolonged global recession, as a number of areas of concern were identified in the report compiled by the Forum’s Global Risks Advisory Board, Marsh & McLennan Companies Inc, and Zurich Insurance Group.   Half of the respondents expressed expected bankruptcies and industry consolidation, and failure of industries to recover, and a disruption of supply chains. The World Economic Forum published a report on the importance of blockchain in supply chain disruption amid the pandemic.    Saadia Zahidi, Ma...
The Shadow of Satoshi’s Ghost: Why Bitcoin Mythology Matters
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The Shadow of Satoshi’s Ghost: Why Bitcoin Mythology Matters

How the myth-making around Satoshi reinforces what makes bitcoin unique in the landscape of global monies. On Wednesday, a batch of coins mined just a month after bitcoin’s birth were moved. It was the first time since August 2017 that any bitcoin from early 2009 had been transferred, and the action set Bitcoin Twitter on fire. While a number of bitcoin archaeologists quickly and persuasively argued the tokens were almost assuredly not mined by bitcoin creator Satoshi Nakamoto, it was a moment that reinforced the living history in the bitcoin ecosystem.  In this episode, NLW looks at what makes the Satoshi mythology powerful:  And while the battles within the bitcoin community around interpretation may look more like the early history of religions than like a business ecosystem, NLW argue...
Blockchain Evidence and Courts – A cross-jurisdictional analysis
Blockchain

Blockchain Evidence and Courts – A cross-jurisdictional analysis

Share and get +16 +16 This article will analyze the developments about Blockchain evidence and courts in the USA, China, Azerbaijan, the United Kingdom and Italy.A number of major jurisdictions across the globe have recently addressed the issue of the admissibility of evidence recorded on blockchain in courts. These developments have taken place in a number of ways; some jurisdictions have passed new laws to specifically regulate the legal recognition of blockchain evidence, others have amended existing laws, while certain jurisdictions have published statements clarifying their regulation under existing law.Blockchain Evidence and CourtsUSAThe Federal Government of the United States has not exercised its constitutional power to implement legislation regulating the admissibility of blockc...
Bill Gates’ COVID Conspiracy Grows In Italian Parliament, Allegations of Population Control by Political Anti-Vaxxer
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Bill Gates’ COVID Conspiracy Grows In Italian Parliament, Allegations of Population Control by Political Anti-Vaxxer

The COVID-19 pandemic has brought many subjects to the forefront: our reliance on oil, manufacturing in China, the need for digital dollars, the frailty of our global supply chain, and our lack of preparation to deal with the outbreak. However, perhaps the strangest topic online and the most unavoidable has been the conspiracy theory chasing Bill Gates and his foundation’s efforts to produce a Covid-19 vaccine. The accusations range from him directly being the cause of the pandemic, to being the head of an Illuminati like circular cabal bent on controlling the world through microchips, and now an insidious plan to depopulate the planet of billions of people. Where we Came In We are a blockchain news site, while we absolutely love discussing technologies that may appear to border on fant...
Blockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years Later
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Blockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years Later

News 'Diet'Laszlo Hanyecz has the honor of conducting the first commercial Bitcoin transaction: trading 10,000 bitcoin for about $30 worth of pizza. Ten years later, those bitcoin would be worth $91 million. He apparently has no regrets. “It was a really interesting system but nobody’s using it,” Hanyecz said. “If nobody’s using it, it doesn’t matter if I have it all.”  You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Blockchain Bites will publish next on Tuesday, May 26. Happy Memorial Day to our U.S. readers. This one transaction, conducted about a year after Bitcoin’s inception, was the proof-of-concept necessary for a whole emergen...
What is An Initial Coin Offering? Raising Millions In Seconds
Blockchain

What is An Initial Coin Offering? Raising Millions In Seconds

Share and get +16 +16 Initial Coin Offering (ICO) is the cryptocurrency’s world public crowdsale. Whenever a project wants to launch a new coin or dApp, they can conduct an ICO to attract investors into their ecosystem.ICO DefinitionThe most alluring part of ICOs is the lack of red tape and formality. More often than not, a company simply has to submit a whitepaper to qualify for an ICO. Companies have been able to raise millions of dollars in mere seconds, thanks to ICOs.In fact, the amount of money that ICOs have raised over the last two years is truly astonishing. In 2017, ICOs raised a total of $5.6 billion. If that sounds shocking to you then think about this.ICOs have already raised $6.3 billion, 4.5 months into 2018 alone!After seeing all these stats, it makes sense as to why more ...