Category Archive for: news

Bank Of America Adds Private Key Storage Filing to Stockpile of Blockchain Patents

Bank of America (BoA) has gained a further cryptocurrency-related patent, a filing confirmed Oct. 30, continuing its efforts to “be prepared” for the industry’s future growth. The latest award, which adds to the bank’s mounting stack of cryptocurrency and blockchain patents, references storage methods for private keys. Specifically, the filing reads, current opportunities for ensuring private keys remain untampered with are insufficient.…

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JP Morgan’s Ethereum-Based Quorum Blockchain Will Tokenise Gold Bars

US banking giant JPMorgan Chase Bank’s blockchain, Quorum, will be used to “tokenize” gold bars. Quorum is the enterprise version of the Ethereum blockchain, developed by JPMorgan Chase, will ensure users operate smart contracts while using pre-programmed rules to automate them. The ethereum-based blockchain will afford sustainable miners the opportunity of earning a premium on the…

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US Blockchain Engineers Earning as Much as AI Specialists

The fast-growing blockchain technology sector has created a high demand for talent and this has consequently resulted in blockchain engineers being among the best-remunerated in the tech sector. According to CNBC, the average pay for blockchain engineers in the United States is between US$150,000 and US$175,000 making it comparable to what developers who specialize in another high-demand field,…

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Peer-to-Peer Bitcoin Exchange Hodl Hodl Implements Multisignature Contracts

One of the oldest mantras in Bitcoin trading is: “never leave your coins on the exchange.” This wisdom is borne of the experience of Mt. Gox traders who lost many millions of dollars in Bitcoin over four years ago. Yet, better than never leaving your coins on an exchange is never placing them in the custody of…

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IBM Study: Central Banks Favor Digital Currencies for Interbank Settlements

Central banks maintain their distance from Bitcoin but have shown interests in issuing their private digital currencies. And a new IBM-OMFIF survey revealed how this future financial infrastructure would appear. The Background The study found that central banks are increasingly adopting Central Bank Digital Currencies (CBDCs). A clear overview revealed that banks were initially reluctant in taking the said…

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Australian Stock Exchange to Roll out Blockchain Settlements in 2021

Australia’s leading market operator, ASX Limited disclosed plans being put in place to release blockchain technology for settlements in 2021. The company, however, does not feel overwhelmed by the deja-vu that has trailed the nascent technology, according to a Bloomberg report. ASX Limited has subscribed to the Clearing House Electronic Subregister System (CHESS) over the years but is now ready…

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Tencent and Huawei-led Chinese Consortium to Launch Coinless Blockchain

The Financial Blockchain Shenzhen Consortium (FISCO) has announced the launch of FISCO BCOS, a revolutionary coinless blockchain platform designed to meet the regulatory and operational requirements of the financial industry. FISCO, which is one of China’s largest blockchain consortiums has more than 100 members including WeBank, and tech giants Tencent and Huawei.  FISCO BCOS Technical Details Built by…

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Electronics Giant HTC Announces Presale of Its Blockchain Smartphone Exodus in BTC, ETH

Taiwanese electronics company HTC has announced the presale of its widely-discussed blockchain smartphone, Exodus 1, the product’s official Twitter account reveals Oct. 23. The Exodus 1 presale was officially announced today during the Web3 summit, taking place Oct. 22-24 in Berlin. According to the HTC Exodus website, “early access” to the phone can currently only be purchased via Bitcoin (BTC)…

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Visa Integrates Open Source Hyperledger Tech for B2B Blockchain Payments

Visa is integrating open-source blockchain code from the Hyperledger Fabric ahead of the commercial launch of its own blockchain service for enterprise payments in Q1 2019. Visa B2B Connect, the payment giant’s enterprise blockchain platform that enables cross-border payments between businesses, is partnering IBM to integrate the latter’s development of the open-source Hyperledger Fabric framework.…

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Monero Developer’s New Startup is Launching a Free Blockchain University

South African blockchain startup Tari Labs has unveiled a free online university that makes training accessible to local and international blockchain developers. Tari was developed and launched earlier this year by local blockchain expert and Monero promoter Riccardo Spagni alongside American investors, Naiveen Jain and Dan Teree. Reasoning Behind New Project Tari particularly aims to readdress the endpoint…

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