Wednesday, April 2
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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What Is Quorum Blockchain? A Platform for The Enterprise
23May Alonzo CollinsBy Alonzo CollinsNo Comments
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 enterprise...
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Bitcoin on Showtime: Winklevoss Biographer Writes BTC Mining Plot for Billions
23May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

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. Gor...
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Louisiana State Senate to Consider Crypto Business Licensing Bill
23May Annette WeberBy Annette WeberNo Comments
PR Wire

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 ...
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Blockchain Oracles- The Key To Scalability And Interoperability
22May Alonzo CollinsBy Alonzo CollinsNo Comments
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 vulnerabl...
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