Category : Blockchain/DLT Technology News

Korea’s Macrogen Joins Forces with Bigster to Create Blockchain-based Medical Data Platform

South Korea biotechnology company Macrogen, stated in their press release on Monday, August 6, 2018, that they will join forces with Bigstor, a local data company to create a blockchain-based medical genome data distribution platform. The use of blo...

Barclays Explores Cryptocurrency Trading Desk Despite Denying Interest

Barclays has reportedly appointed a team of three senior executives to look into the feasibility of setting up a crypto trading desk to function as part of its markets business. According to a report in the London Financial News on August 6, 2018, th...

Like Oil and Water: Artificial Intelligence and Blockchain

Is there any truth to organizations combining AI and Blockchain or is it still a wild pipedream? With both technologies luring investors with promises of billions in annual revenues, the subject merits some research. Artificial Intelligence has a lon...

“Rich Dad Poor Dad” Author Likes Bitcoin, Predicts Fiat Crisis

According to News.com.au, Robert Kiyosaki, the author of the famous best-seller ‘Rich Dad, Poor Dad,’ is warning the public that the next economic crash to come will be catastrophic and damaging to the economy. People may, therefore, turn to cryptocu...

Washington D.C and Members of Congress Are Becoming more Accepting of the Cryptocurrency Industry

Cryptocurrency tokens like Bitcoin, Bitcoin Cash, and Ethereum are currently gaining greater acceptance in Washington D.C. as Bob Goodlatte, the chair of the House Judiciary Committee, currently holds between $17,000 and $80,000 in cryptocurrencies....

UBS: Bitcoin Is far from Replacing the Dollar

Swiss investment bank, UBS, has recently stated that Bitcoin cannot be considered money or a viable asset yet. Furthermore, it is believed that in order for Bitcoin to replace the US currency for global dominance, it will have to reach around $213,00...

Goldman Sachs May Start Offering Custodial Services for Cryptocurrency this Year

Investment banking giant, Goldman Sachs, is looking to launch custodial services for cryptocurrency soon, according to a Bloomberg report on August 6, 2018. Goldman Sachs Vault? According to sources close to the matter, Goldman Sachs Inc., a New York...

Security Researchers Discover Sophisticated Twitter Crypto Botnet

On August 6, 2018, two security researchers at Duo Security who were studying Twitter automation patterns, stumbled upon a vast network of Twitter bot accounts promoting crypto fraud. The sophisticated network was accidentally discovered while the re...

Why Do Blockchain and Crypto Companies Prefer Foundation to Enterprise Structure?

The year 2018 witnessed an influx of blockchain and cryptocurrency firms in the global economy. Although these firms are still overcoming issues related to their practical application in the real world, imagining a world with its economy pivoted aro...

This Crypto-Monopoly Isn’t Perfect, but It’s Vicious Trading Fun Without the Stakes

One of the key identifying features of cryptocurrency now is its volatility, with coins rising and falling seemingly at the drop of a hat, and a market that shifts and ebbs sometimes hourly. It would, therefore, take a brave person to create a board...

Can Blockchain Technology and Video Games Inspire a Universal Basic Income?

Indiana video games and virtual economies University Professor Edward Castronova published a whitepaper in 2016 about the nature of video games and the future of work. While the gaming industry is one predominantly for leisure, Castranova argued that...

Top-5 Countries to Setup Fintech & Blockchain Startups

While the coherent regulation of blockchain and fintech industry is yet to be developed, fintech startups find themselves navigating through regulatory jungles of various dos and don’ts when formulating their business models. Recent actions and state...

‘Crypto Valley of Asia’ To Rise In The Philippines, Secures $100M Investment

A new development estate dubbed Crypto Valley of Asia (CVA) is set to rise in the Philippines designed to push further economic growth in the northern part of the country’s major island of Luzon. Private property developer Northern Star Gaming...

South Korea: Regulation on Crypto Exchanges Becomes “Urgent”

After several hacks for the past few months and an audit from the Korean Blockchain Association (KBA) conducted at the beginning of July, the Korean Financial Services Commission urges local legislators to intervene as soon as possible. “Exchanges ar...

Commonwealth Bank Completes New Blockchain-Enabled Global Trade Experiment

Seventeen tonnes of almonds have successfully been shipped and tracked from Sunraysia in Victoria, Australia, to Hamburg in Germany in a blockchain-based collaboration between Commonwealth Bank and five Australian and international supply chain compa...