Saturday, September 7
RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum
23May Annette WeberBy Annette WeberNo Comments
PR Wire

RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum

The latest implementation of bitcoin (BTC) on the Ethereum blockchain quietly went live this week. There are 1.24 renBTC live on the Ethereum mainnet now, according to Etherscan. Three sources with knowledge of the project have confirmed this is the Ren smart contract, live ahead of its launch announcement. Kain Warwick of Synthetix tweeted Wednesday that he was the first person to hold a full bitcoin in renBTC. However, there’s no way yet for members of the public to mint additional renBTC, the CEO of the company behind the project told CoinDesk in an email. “While the smart contracts have been deployed on Ethereum, RenVM itself is not actually on mainnet. This is because RenVM is a distinct network separate to Ethereum. The final mainnet subzero version of RenVM won’t be deployed until ...
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FinTech Training Week | Euromoney Learning
23May Alonzo CollinsBy Alonzo CollinsNo Comments
Blockchain

FinTech Training Week | Euromoney Learning

 Claiming Back Your VATAll attendees of a London based course incur VAT as a part of the cost of attendance.Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.Claim the VAT that's rightfully yours in four simple steps: 1. Register your interest 2. Sign a few simple documents 3. VAT IT processes your claim 4. Receive your refund Why choose VAT IT VAT IT h...
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Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project
23May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project

Singapore’s state investor, Temasek Holdings has officially been named a member of the Facebook-backed digital currency project Libra. Temasek as a portfolio value of 313 billion Singapore dollars (roughly $219 billion), making it one of the more prominent backers of Libra.      The Libra Association, an independent group based in Switzerland has also welcomed crypto investor Paradigm and Slow Ventures, a private equity firm.    Facebook, the company behind Libra, announced the digital currency initiative in 2018, which took the world by storm with its controversial project. With the ICO bubble having expanded exponentially in 2017, the public started to become aware of cryptocurrencies. Digital currency and cryptocurrency were still seen in the light of being scandalous, illicit, and unf...
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Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana
23May Annette WeberBy Annette WeberNo Comments
PR Wire

Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana

The kin cryptocurrency is exploring a move from its own fork of Stellar to the Solana blockchain.  To recap, the mobile app company Kik ran a $98 million initial coin offering (ICO) for kin in 2017, which was made on the Ethereum blockchain. Then the company said that it would use Ethereum for security and Stellar for transactions. Then it forked Stellar and ran its own chain. Now that’s proving to be inadequate so the cryptocurrency will port over to Solana in a matter of months, pending adequate support from app developers in the Kin ecosystem. “The fork of Stellar enabled Kin to reach millions of consumers, but we knew it would not be a long-term solution,” a Kin Improvement Proposal shared with CoinDesk reads. “Stellar has five-second block times, so irrespective of network load, a con...
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Virtual Financial Assets And The Regulation of Blockchain Micro-Loans
23May Alonzo CollinsBy Alonzo CollinsNo Comments
Blockchain

Virtual Financial Assets And The Regulation of Blockchain Micro-Loans

Share and get +16 +16 Ranging from investment within the capital markets to the provision of credit by institutions, the concept of financing, at its core, aims to provide the finances with what he doesn’t have in general or temporal terms. It is a concept which is a long-standing technique availed of by the masses for reasons which are personal and customized to one’s profession, interests and social standing.If one had to look at different sources of financing, whether such sources are against the backdrop of a filial relationship or whether such financing is against the backdrop of a contractual relationship with a financial institution, it immediately becomes evident that the concept of ‘trust’ dominates any financing arrangement which any person would enter into. By way of example, if...
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Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency
23May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa applied for a new patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO).     The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.    Filed by Simon J. Hurry and Alexander Pierre with the Visa International Service Association, the application noted that Ethereum could be used as a possible network for the digital currency.   The central entity computer described in the patent will receive requests with details including the serial numbe...
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10 Years On, Laszlo Hanyecz Has No Regrets About His $45M Bitcoin Pizzas
23May Annette WeberBy Annette WeberNo Comments
PR Wire

10 Years On, Laszlo Hanyecz Has No Regrets About His $45M Bitcoin Pizzas

If you owned a share of an experimental technology, how much of it would you give up to help that technology grow? Startup founders do this calculus whenever they raise capital. Ten years ago today, a developer named Laszlo Hanyecz did it with bitcoin. Hanyecz is known as the first person to use bitcoin in a commercial transaction. On May 22, 2010, when bitcoin was a little over a year old, he bought two pizzas for 10,000 BTC. The day is now known as “Bitcoin Pizza Day.” With one bitcoin now worth $9,500, this is apparently a joke and Hanyecz’s $45 million pizzas are the punchline. The joke is also a parable, illustrating the competition and interplay between three potential uses of bitcoin. The first is speculation. Bitcoin’s nosebleed-inducing decade of upward price movement is what driv...
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Blockchain Government Use cases – [Algorand, Power Ledger, and RSK]
23May Alonzo CollinsBy Alonzo CollinsNo Comments
Blockchain

Blockchain Government Use cases – [Algorand, Power Ledger, and RSK]

Share and get +16 +16 Governments from around the world are warming up the potential of blockchain government uses cases. As such, it’s no longer surprising to see more and more projects collaborating with governments. In this guide, we will be looking into four different projects – Algorand, ICON, Power Ledger, and RSK and see what all exciting implementations they are presently working on.AlgorandFounded by Turing Award winner Silvio Micali, Algorand is a one-of-its-kind open-source, permissionless, and pure proof-of-stake blockchain that doesn’t fork and is ideal for the creation of next-gen financial products. SFB Technologies will be partnering with Algorand blockchain to develop the CBDC (Central Bank Digital Currency) of the Marshall Islands dubbed Marshallese Sovereign (SOV). SFB T...
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China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore’s OpenNodes
23May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore’s OpenNodes

China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018.      The Financial Blockchain Shenzhen Consortium (FISCO) is backed by more than 100 Chinese organizations, including Huawei, Tencent, JD Finance, and WeBank, which is partly backed by Tencent. Developed by FISCO, the enterprise blockchain protocol was the first blockchain to be supported by China’s Blockchain Service Network.   WeBank’s executive vice president and Chief Information Officer, Henry Ma said, “We seek to spur the next-generation talen...
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Binance, Eosfinex Join EOSDT Stablecoin Governance Board
23May Annette WeberBy Annette WeberNo Comments
PR Wire

Binance, Eosfinex Join EOSDT Stablecoin Governance Board

Binance is trying its hand at decentralized stablecoin governance. The exchange joined the distributed oversight team that approves contracts and code changes on Equilibrium, a DeFi outfit behind the EOSDT stablecoin. EOSDT contracts hold nearly $10 million in collateral according to the Equilibrium website. Announced Friday, Binance now has oversight power over new EOSDT smart contracts. As a party to Equilibrium’s multisignature hierarchy, Binance will grant – or conceivably withhold – its approval to all contracts prior to release. That authority had been exclusive to block producers EOS Nation and EOS Cannon. Now, it also includes Binance and fellow newcomer eosfinex, the decentralized exchange developed by Bitfinex. “You can also consider it as establishing a four-eyes principle for E...
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