Over 100 migrant workers transferred money instantly over blockchain to their homes in Myanmar in the last months. It marks a successful pilot test for Everex, a company aiming to give financial access to the world’s huge “Bottom of the Pyramid” (BOP) population. Overall, average transaction took less than a minute and recorded savings of […]
Some financial gurus are convinced that blockchain (the underlying tech behind bitcoin) is the future of business, and they might already have some proof. The Commonwealth Bank of Australia and Wells Fargo have conducted the first international, inter-bank trade deal to use blockchain for the transaction. It was a relatively modest experiment that shipped $35,000 […]
After a stock analyst lost $1 million on one penny stock, he set off to find out how — and soon discovered signs of a far bigger scheme than he had ever imagined. Quelle: theintercept | The Money Is Gone Chris DiIorio had just lost a million dollars. This was back in 2006. DiIorio, who […]
Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest […]
Spanish banking giant Santander is working on a project that explores how it could digitize customer cash using the public ethereum blockchain. Revealed today during a panel talk at Devcon2 by Ether.camp founder and ethereum Java client developer Roman Mandeleil, the news was confirmed by representatives of Santander. In statements, Santander said its goal is to open up […]
The report builds upon the findings from Deloitte/World Economic Forum report Disruptive Innovation in Financial Services and looks at the impact of implementing distributed ledger technology across nine sectors of financial services. Our findings suggest this technology has the potential to “live-up to the hype” and reshape financial services, but requires careful collaboration with other […]
The DAO heist and subsequent reversal of funds on the Ethereum blockchain demonstrate why developers and miners of public blockchains should have more accountability. The recent hack of the DAO (short for Decentralized Autonomous Organization) and the subsequent reversal of funds on Ethereum’s blockchain should finally put an end to a decentralization charade. People are, […]
DigixGlobal will be transferring their current gold holdings to Silver Bullion for the upcoming relaunch of DGX 2.0. The Ethereum-based gold tokenisation company DigixGlobal has secured a deal with Silver Bullion and The Safe House and will be transferring their current gold holdings to Silver Bullion for the upcoming relaunch of DGX 2.0. Quelle: DigixGlobal secures deal […]
“I saw everything to do with either government regulation or corporate control as just being plain evil. And I assumed that people in those institutions were kind of like Mr. Burns, sitting behind their desks saying, ‘Excellent. How can I screw a thousand people over this time.’” In this way, his worldview was harmonious with […]
Das Europäische Parlament hat am Donnerstag mit 542 Ja-Stimmen, 51 Gegenstimmen und 11 Enthaltungen den Bericht zu virtuellen Währungen und Blockchain, der zugrundliegenden Technologie, angenommen. Zunächst: keine großen Überraschungen, hervorzuheben ist m.E. dieser Punkt 4: …dass eine verfrühte Regulierung in dieser sich noch im Wandel befindlichen Situation möglicherweise nicht angebracht ist, da sie der Öffentlichkeit […]