BLOCKCHAIN EMBASSY

By Mark Smalley | http://bce.asia

Blockchain Could Make the Insurance Industry Much More Transparent

While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further. Hundreds of years before Lloyd’s was formed, Chinese merchants …

Insurance

Multinational Aid Network Trials Blockchain for Tracking Donations

A multinational network for aid groups based is testing blockchain to track donations and aid disbursements.<p>The Start Network, which counts more than …

Bitcoin

Swiss Bank Launches Bitcoin Asset Management Service

A private bank in Switzerland is offering its clients services to help them better manage their bitcoin holdings.<p>Falcon Group announced today that it …

Bitcoin

Blockchain Energy Startup Conjoule Raises €4.5 Million Series A

Japanese energy conglomerate TEPCO has invested in in blockchain startup Conjoule's €4.5m funding round.<p>The Germany-based startup, which is focused …

Startups

Blockchain Startup Provenance Raises $800k in Seed Funding

UK blockchain startup Provenance has raised $800,000 in new seed funding.<p>The list of investors taking part in the round includes Humanity United, a …

Startups

Top Wall Street strategist sees bitcoin 'cannibalizing' gold, worth as much as $55,000

Fundstrat's Tom Lee on Friday became the first major Wall Street strategist to formally lay out his views on bitcoin.<p>The digital currency could be …

Cryptocurrency

Blockchain: The New Technology of Trust

Chapter 01 What is Blockchain?<p>Chapter 01<p>What is Blockchain?<p>01<p>Blockchain technology was originally developed as part of the digital currency Bitcoin. …

Blockchain

Blockchain solutions are moving beyond the proof of concept stage

<i>This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Although by this point most major financial institutions are exploring blockchain and distributed ledger technology (DLT) initiatives, and have even built solutions leveraging …

FinTech

The Tezos ICO is Already Worth $200 Million, Making it the Largest "Crypto-Funding" Ever

Revolutionizing Blockchain<p>The growing popularity of cryptocurrencies owes everything to the system that makes it all possible — the blockchain. …

Bitcoin

Bitcoin and Ethereum are 'cannibalizing' gold

Investors have cash to burn right now, and based on the astronomical performance of cryptocurrencies like bitcoin and Ethereum, that's where a lot of it is getting funneled.<p>This is coming at the expense of gold, says Tom Lee, the managing partner and head of research at Fundstrat Global Advisors. …

Cryptocurrency

These are the most promising cryptocurrencies right now

It’s the year of the cryptocurrency. Bitcoin’s value has soared—at one point, to $3,000, well past the price of an ounce of gold. Equally as surprising, several new cryptocurrencies, such as Ethereum and Zcash, jumped into the spotlight, bringing the total worth of all cryptocoins to over $100 …

Bitcoin

Fintech startup Omise raises $25M in ICO that bucks ‘money grabbing’ trend

By now you’ve probably heard of ICOs. The alternative fundraising option has been used to raise more than $500 million in funding this year alone, but it has gotten a reputation for unfinished products and untested teams raising gargantuan sums.<p>One company may have just shown that there is a …

Startups

Bitcoin Payroll Startup Bitwage Launches UK Services

Bitcoin startup Bitwage, which focuses on the international payroll market, is expanding its European footprint with a launch in the UK.<p>The company …

Startups

This DJ Has Released the First Full-Length Album Using the Ethereum Blockchain

RAC has collaborated with a number of familiar artists on ‘EGO,’ the first album that can be bought on the ethereum blockchain.<p>The ethereum network has been getting a lot of hype lately, which is mostly due to the nearly 4,000 percent increase in the price of ether, its native cryptocurrency, since …

Bitcoin

Thomson Reuters Seeks Blockchain Startups for New Incubator Program

Media and information giant Thomson Reuters has announced a startup incubator program that seeks early-stage entrepreneurs in different technology …

Thomson Reuters

Swiss City Announces Plan to Verify IDs Using Ethereum

A Swiss city known for its cryptocurrency startup ecosystem is launching a new ethereum-based identity service.<p>The City of Zug announced today that, …

Bitcoin

A Guide to Blockchain and Energy

Over the last 18 months, blockchain has evolved from an obscure concept in cryptocurrency circles into a mainstream corporate tool for "disrupting” …

Blockchain

Delaware House Passes Historic Blockchain Regulation

The state of Delaware has passed amendments to state law that make explicit the right to trade stocks on a blockchain, according to multiple sources …

Bitcoin

Ethereum startups don’t need Silicon Valley

To date, Silicon Valley has been known worldwide as the place to go to get your tech startup funded. Now, though, a new kind of innovation infrastructure is being built using blockchain technology and, in particular, the Ethereum platform.<p>Unlike Sand Hill Road or San Francisco, it exists in an …

Silicon Valley

Bitcoin Beats Stocks, Bonds, And Gold, Again

Bitcoin has left stocks, bonds, and gold in the dust in the first half of 2017.<p>The Bitcoin Investment Trust Shares have soared 220.59%, while the S&P 500 and SPDR Gold shares rose in upper single digits; and all three investments outperformed the iShares 20+ Year Treasury Bond, which gained a …

Stocks

$185 million in 5 days: Block.one sets new ICO record with its EOS token

Blockchain startup Block.one announced this morning that it has raised $185 million in just five days of selling its EOS cryptocurrency token. That sum breaks the record Bancor set just a couple of weeks ago with its nearly $150 million raise.<p>Block.one’s goal is to bring blockchain to businesses. …

Bitcoin

DEBATE: A New York school now accepts bitcoin – will cryptocurrencies soon become a mainstream form of payment?

A New York school now accepts bitcoin – will cryptocurrencies soon become a mainstream form of payment?<p>Balajee Sethuraman, Cognizant’s Europe head of …

Cryptocurrency

​University of Sydney builds new Red Belly Blockchain technology | ZDNet

The university has touted its blockchain development as super fast and safe.<p>Researchers at the University of Sydney (USYD) are building a new …

Bitcoin

The Gold Rush Is on for Ethereum Domain Names

The auction for .eth addresses has started, and bids are rolling in.<p>Back when .com was the only top-level domain (TLD) that really mattered, choice domain names would change hands for millions of dollars. But in recent years the number of TLD's has greatly expanded, and tech startups often choose …

Cryptocurrency

Can The Blockchain Help Renew Confidence In Government?

In countries where public records can be altered with a bribe and a wink, the permanent record of the blockchain could cut down on corruption and restore faith in institutions.<p>If you own a nice piece of ocean-front property, and I decide I would like that piece of property, and my cousin works in …

Bitcoin

Fidelity's Charity Arm Has Raised $9 Million in Bitcoin So Far in 2017

Fidelity Charitable, the donation arm of mutual fund giant Fidelity Investments, raised nearly $9m in bitcoin during the first half of this year, …

Bitcoin

AMD’s stock falls as Nvidia’s upcoming cryptocurrency GPUs pose a threat

Advanced Micro Devices Inc.’s stock fell Wednesday, bucking the sharp gains enjoyed by its peers and the broader stock market, amid growing concerns that cryptocurrency miners may start going elsewhere for their graphics cards.<p>The chip-maker’s stock AMD, +1.45% closed down 1.3% at $13.23, paring …

Markets

Brooklyn’s Latest Craze: Making Your Own Electric Grid

The Friday Cover<p>The Friday Cover is POLITICO Magazine's email of the week's best, delivered to your inbox every Friday morning.<p>Using the same technology that makes Bitcoin possible, neighbors are buying and selling renewable energy to each other.<p>When Michael Guerra, a blunt-talking Brooklyn real …

Renewable Energy

$100 Million: Pantera Capital Nets New Investment for ICO Hedge Fund

The $600m market for initial coin offerings may soon be set to expand.<p>Announced today, investment firm Pantera Capital is launching a new hedge fund …

Bitcoin