Category: Blockchain
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Michigan Bill Would Make It Illegal to Counterfeit Blockchain Data
byA pair of bills submitted to Michigan’s state legislature would make it a crime to illegally alter a blockchain record. One of two bills presented earlier this month by state representative Curt WanderWall tweaks the state’s penal code pertaining to those who “makes, alters, forges or counterfeits a public record.” Under the proposed legislation, this would […]
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Abu Dhabi Securities Exchange Partners UK FinTech for Blockchain Applications
byThe Abu Dhabi Securities Exchange has inked a partnership with Equifax, a UK-based fintech company that provides blockchain technology services for capital markets. Equichain will be advising ADX on the best way to use new technologies including blockchain to increase the operational efficiency of the exchange in terms of transaction speed and security. ADX Chief Executive Rashed […]
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Swiss City Plans Blockchain Voting Pilot Using Ethereum-Based IDs
byThe Swiss city of Zug, known for its proactive support of the blockchain industry, is launching a voting pilot that will base both polling system and residents’ IDs on blockchain technology. The e-voting pilot, which will take place between June 25 and July 1, has been developed as part of the city’s efforts to adopt […]
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Do Blockchains Need a Native Currency?
byLike most administrators in top banks and other financial institutions across the globe, the governor of the Bank of Spain, Luis María Linde lent his voice towards the criticism of cryptocurrencies despite showing support for the underlying technology, blockchain. Linde believes that the risks associated with cryptocurrencies outweighs the benefits therein by a lot but believes that […]
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How Blockchain Can Finally Fulfill Its Promise in Global Payments
byThere has been much debate about the potential benefits of blockchain technology to improve the world of payments — particularly international payments. This is a business where many different parties need to reach consensus to route the payments, perform currency conversions, and deploy and manage liquidity in different jurisdictions, all subject to heterogeneous regulatory constraints. […]
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Mizuho Financial’s Blockchain Lead Is Leaving the Firm
byThe blockchain lead at Mizuho Financial Group has revealed he is leaving the firm, according to an internal email obtained by CoinDesk. Ikuma Ueno, senior digital strategist at the Japanese banking giant, said in the leaving message to colleagues that he will depart on June 13 to take up a new role in Singapore later this […]
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Andy Warhol Painting to Be Sold via Blockchain in ‘World’s First’ Crypto Art Auction
byBlockchain platform Maecenas has announced today, June 7, that it will hold the “world’s first cryptocurrency art auction”, according to a press release shared with Cointelegraph. The platform will be selling fractional ownership of Andy Warhol’s 14 Small Electric Chairs – worth $5.6 mln – at crypto-friendly UK fine art gallery Dadiani Syndicate on June 20. The sale […]
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Mastercard Wins Patent for Blockchain Travel Itinerary Bidding System
byFinancial services giant Mastercard has won a patent for a blockchain system that allows travelers to submit desired itineraries and merchants to submit bids for each service request. The patent, awarded to Mastercard by the US Patent and Trademark Office (USPTO) on June 7, aims to streamline the global travel industry by connecting travelers to a […]
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Huobi Unveils Plan to Launch Public Blockchain, Develop ‘Next Generation Financial Protocol’
byMajor cryptocurrency exchange Huobi has unveiled plans to launch a public blockchain that it hopes will serve as the foundation for a “next generation financial protocol.” Announced on Wednesday, Huobi Chain aims to fulfill the dream of the blockchain-based decentralized autonomous organization (DAO) by enabling the Singapore-based exchange operator to gradually migrate its operations to […]
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Denmark Joins EU Blockchain Partnership, Plans to Implement Tech in Shipping
byDenmark has signed a declaration to join a total of 24 European Union member states that support pan-EU blockchain standards and solutions, local news outlet Finans Watch reported June 4. The EU blockchain partnership was formed on April 10 as part of the European Commission’s Digital Day with the intention of enhancing cooperation among member states for developing blockchain tech. Brian Mikkelsen, the Danish […]
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