BLOCKCHAIN EMBASSY

By Mark Smalley | http://bce.asia

Bitcoin rival Ripple is suddenly sitting on billions of dollars worth of cryptocurrency

Blockchain start-up Ripple is in a precarious position for a five-year-old company.<p>The business is still in its very early days but suddenly has …

Cryptocurrency

Shari'ah-Compliant Crypto Gold: Could Islam Be Preparing for a New World Reserve Currency?

It all started pretty harmlessly: in December 2016, after about 12 months of deliberations, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council announced a new “Shari’ah Standard on Gold.”<p>The new standard was celebrated as a potentially …

Finance

Australia Just Made a Really Smart Bitcoin Decision

Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.<p>In its …

Bitcoin

Cryptocurrency Mania Goes Beyond Bitcoin - Bloomberg

Think bitcoin’s surge of more than 30 percent in the last week is impressive? Check out what some of its cousins are up to.<p>The market capitalization …

Cryptocurrency

Yes, Blockchain could reverse the course of civilization and upend the world's most powerful companies

Businesses often win by centralizing resources and extracting value, and today's governments and financial systems empower them to do it. Blockchain …

Bitcoin

Wyre’s WeChat and Facebook Bot Authenticates Invoices on Ethereum

US blockchain payments firm Wyre has launched a new bot for Facebook Messenger and WeChat that authenticates invoices through a public blockchain.<p>In …

Bitcoin

Bitcoin Accepted! Peach Becomes Japan’s First Airline to Jump Aboard

Peach Aviation, the Japanese low-cost carrier owned by Japan’s largest Airline, ANA, becomes the first in the country to allow fliers to pay for …

Cryptocurrency

Zero-knowledge proofs added to JP Morgan's Quorum blockchain

JP Morgan's Quorum is the first distributed ledger platform to feature the zero-knowledge security layer (ZSL).<p>Zero-knowledge proofs technology will …

Bitcoin

The World’s Top Energy Companies Look to Blockchain to ‘Fuse the Physical With the Virtual’

Earlier this month Shell, Statoil, Tepco, Centrica plc and a half-dozen other energy companies joined the Energy Web Foundation (EWF), an alliance …

Bitcoin

The National Bank of Canada Just Joined An Alliance to Develop Ethereum

Why not bitcoin?<p>On Monday, the Enterprise Ethereum Alliance announced 86 new members that will work together to develop business applications on the Ethereum blockchain, including Toyota, Deloitte, Samsung SDS, and the National Bank of Canada.<p>Ethereum is an alternative to bitcoin, which still …

Bitcoin

Distributed Ledger Consortium R3 Closes Record $107 Million Funding Round

Global banking consortium R3 has closed the largest funding round in the history of distributed ledger technology.<p>Revealed today at Consensus 2017, …

FinTech

Toyota pushes into blockchain tech to enable the next generation of cars

On the same day that Ford officially ousted its chief executive in a bid to remake itself as future-focused vehicle manufacturer, Toyota announced its own steps to embrace technology’s next wave.<p>Andwhile Ford is looking to catch up to the leaders in autonomous and electric vehicle manufacturing, …

MIT Media Lab

Toyota's R&D Division is Building a Blockchain Consortium

Toyota Research Institute (TRI) is going big with a bold blockchain strategy.<p>Announced today at Consensus 2017, TRI is revealing a series of notable …

Bitcoin

Nuco Launches Blockchain Beta for TMX Group Natural Gas Exchange

When the gas goes out in your apartment, chances are someone will pay – the various members of the supply chain that move the gas from the earth to …

Bitcoin

131 Countries: BitPay Goes International With Bitcoin Prepaid Card

BitPay is expanding its prepaid bitcoin card offerings to more than 100 new countries.<p>Unveiled today by BitPay chief commercial officer Sonny Singh …

Cryptocurrency

If you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million now

Monday marks the seven-year anniversary of Bitcoin Pizza Day – the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John's …

Cryptocurrency

Gem shows off first blockchain application for health claims

Gem is demonstrating the health claims blockchain on Monday 22 at Consensus 2017.<p>Los Angeles-based startup Gem has developed the first blockchain …

Bitcoin

Ethereum Now Handles More Than 50% of Bitcoin’s Transaction Volumes

Ethereum’s transaction volumes have now reached around 161,000 a day, up this month from around 100,000, in a sign of growing use and increasing …

History is Made: Bitcoin Prices Top $2,000 to Set New All-Time High

The price of bitcoin surpassed $2,000 for the first time in history today, pushing the cryptocurrency to a fresh, new record amid rising trader …

Cryptocurrency

Russia's Largest Exchange is Using Blockchain to Lure Global Investors

As Russia slowly emerges from a lengthy recession in the wake of collapsing energy prices, the Moscow Stock Exchange may have discovered a secret …

Bitcoin

Multiple Billion-Dollar Rewards If Blockchain Energy Networks Can Live Up to the Hype

Vancouver-based blockchain systems development pioneer BTL Group published its first white paper online May 12, highlighting how use of automated, …

Bitcoin

UK Land Registry Plans to Test Blockchain in Digital Push

The UK’s national land registry is looking to test blockchain technology as part of a wide-ranging digitization effort.<p>Last month, HM Land Registry …

Bitcoin

5 Ways Theme Parks Could Embrace Blockchain (And Why They Should)

<i>Jegar Pitchforth is a statistician, data scientist and blogger with a background in complex systems analysis.</i><p><i>In this opinion piece, Pitchforth takes</i> …

Bitcoin

Palestinian Government Looking to Have Its Own Bitcoin Style Currency

Flag of Palestine<p>Palestine’s monetary authority is reportedly looking to create its own digital currency.<p><i>Reuters</i> reported today that, according to …

Bitcoin Miner Canaan Raises $43 Million for Blockchain, AI Push

China-based Canaan Creative, maker of the Avalon bitcoin mining chip series, has raised 300m yuan (roughly $43m) as part of a bid to diversify its …

Bitcoin

Bitcoin crosses $1,800 for the first time adding $3 billion in market cap in just four days

Bitcoin surpassed $1,800 on Thursday to a fresh record high, rising more than $100 in just two days, driven by comments from policy makers and …

Cryptocurrency

Delaware Introduces Bill to Legally Recognize Blockchain Stocks

Senators in Delaware have introduced a bill that would legally recognize blockchain stock ledgers and other business records.<p>Introduced on 4th May, …

Bitcoin

How Blockchain Could Finally Unite the United Nations

Today, the United Nations is a Swiss army knife of humanitarian aid.<p>When catastrophe strikes, dozens of agencies within the organization, founded in …

Bitcoin

Is ICO Speculation Healthy?

A new and hip way to invest is becoming real via advances in blockchain tech.<p>On 19th April, the ethereum banking app Humaniq became the latest …

Bitcoin