After jumping up with 700% in the last year, with little fluctuations here and there, bitcoin turns out to be the hottest investment for a portfolio over the past two years. Now, as the technology behind bitcoin, blockchain, finds application in a series of industries, it is no wonder that some of the biggest and…
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BNP PARIBAS ALM Treasury and EY today announced they successfully completed a pilot demonstrating the feasibility of using blockchain to optimize the global internal treasury operations of the bank. The ALM Treasury department, which manages the bank’s internal treasury, at the service of all three operating divisions of the Group, carried out a blockchain pilot,…
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In September 2017, a house was sold on the blockchain technology for the first time. The property is a flat with a price of $60,000 in Kiev, Ukraine, reported New Scientist. The transaction was facilitated entirely through Ethereum using cryptocurrency. Instead of paper contracts and fiat money exchanged, the founder of tech news site TechCrunch, Michael Arrington,…
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The president of Russia, Vladimir Putin, is currently calling for stricter cryptocurrency regulations, as he shared his beliefs about the danger and risks that digital currencies may pose to the world, according to International Business Times. Putin, during a meeting in Sochi on October 10th, said: "Cryptocurrencies are issued by an unlimited number of anonymous…
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Cofound.it, the leading platform for training the world’s most promising blockchain startups, and Ethfinex, the community-focused ERC20 token exchange and information hub spun out of Bitfinex, have today announced a collaboration aimed at strengthening trust between crowdsale supporters and blockchain startups. Based on a shared long-term vision to provide services that support the entire blockchain…
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Russian Miner Coin raised $43 million through an ICO to create a “next-gen ecosystem for miners and investors,” challenging China in this field, reported East-West Digital News. Although the company had previously set a target of $100 million, the amount currently raised is a new record high for the Eastern European ICO market. According to…
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Seven leading banks are teaming up with R3 and Finastra to create a blockchain-based syndicated loan market, LenderComm. This new disruption in the lending market is yet another blockchain application that is going to be used to ease the loan market and serve as a platform for efficiency and up-to-date information. This new project will…
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Just as blockchain is currently disrupting numerous industries, it is time for airline companies to be the next in line. Air France KLM is one of the first aircrafts to be employing blockchain technology in order to keep its top-notch position among customers. The whole maintenance of an aircraft company is usually complicated and blockchain…
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The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that the consortium which they are leading has successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms. The project, conducted together with 11 financial institutions and five technology companies, is…
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Often taunted as one of the most "stern" countries in the world, Russia is now entering the cryptocurrency boom by introducing educational system that will be all about digital currencies. In September this year, the Finance Minister announced that Russia is now legitimizing cryptocurrencies, as reported by AtoZ Forex. Naturally, the first step to integrating…
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