Australian Bank ANZ Still Doesn’t Understand Blockchain Technology

The Australia and New Zealand Banking Group Limited (ANZ) has thrown some serious shade at distributed ledger technology — commonly referred to as ‘the blockchain.’  According to the third-largest bank by market capitalization in Australia, legacy financial institutions aren’t exactly under immediate threat from the trustless transactions introduced by Bitcoin (BTC) and its creator, Satoshi […]

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IBM Blockchain World Wire Launches in 72 Countries

Today, International Business Machines Corporation (IBM) announced the launch of IBM Blockchain World Wire in a large selection of markets.  IBM Blockchain World Wire is “a real-time global payments network for regulated financial institutions” from the American multinational information technology company. It has been created with the purpose of optimizing and quickening foreign exchange, cross-border […]

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No, Artificial Intelligence and ‘The Blockchain’ Don’t Go Together

If one types in “define blockchain” into Google, this is the definition they receive: A system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network. Likewise, if one searches for “define artificial intelligence,” they receive the following answer: The theory […]

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Cosmos Mainnet Officially Launched – What’s All the Hype About?

Underscoring the fact that blockchain development takes time, after five years of work, Cosmos launched its mainnet yesterday. This leads to an important question–what is Cosmos anyway? What Is Cosmos? A project developed under the premise that there should be as many blockchains as there are internet applications. The focus is on delivering the industry […]

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Paul Brody: Bitcoin Has No Practical Use

Paul R. Brody, the Global Blockchain Innovation Chief at Ernst and Young (EY), says he sees no practical application for Bitcoin and other cryptocurrencies. This statement comes amid a growing rate of adoption of virtual currencies in both developed and developing nations.  Tokenized Fiat (Not Bitcoin) is The Future of Money Speaking to Forbes India, […]

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Argentina’s Government Partners with Binance to Fund Blockchain Technology Projects

The Government of Argentina says it will match investments made by Binance Labs in blockchain technology startups in the country — to the tune of $50,000. The move marks the latest example of cryptocurrency and blockchain adoption in the Latin American nation.  Argentina’s Government Matches Binance 1:1 Binance Labs, the blockchain technology incubator of cryptocurrency […]

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Starbucks Will Support Bakkt After ‘Disproportionately High’ Equity Deal

Bakkt, the New York Stock Exchange’s (NYSE) forthcoming cryptocurrency trading platform, will — in fact — feature Starbucks payments for users. ‘Coffee-For-Bakkt?’ This is according to an anonymous source familiar with a deal between Bakkt and its early-stage partner, which will see the latter accept the service in payment for its in-store products. The source […]

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No Vitalik, No One Wants a Bitcoin ‘App’ on Ethereum’s ‘Smartphone’

The Ethereum ERC20 token backed by Bitcoin has just 13 token holders and 16 transactions to its name, data reveals. Buterin: Bitcoin Functionality ‘Too Limited’ ‘Wrapped Bitcoin,’ which debuted in January from BitGo, caused confusion among cryptocurrency figures when developers announced it late last year. Now, in a further sign of the limited appeal of […]

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Wall Street Doesn’t Want Private Keys So We Got Rid of Them, Says Crypto Startup

Cryptography company Curve revealed its Institutional Digital Asset Wallet Service today, which aims to provide financial institutions and enterprises with a storage solution that makes their cryptocurrencies and digital assets instantly available — while also providing total autonomy and eliminating the need for private keys.  Curv claims that it is eliminating the need for somewhat-complicated private […]

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Facebook May Be Eying ‘FaceCoin’ as It Expands Its Blockchain Team

Social media giant Facebook is looking to expand its blockchain team. Could ‘FaceCoin’ follow JPMorgan’s recently unveiled JPM Coin as companies vie for the prized online payments market.  Facebook’s Hiring: Blockchain Experts According to Facebook’s official careers page, the social media giant is looking to expand its team operating in the field of blockchain technologies. As […]

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