BLOCKCHAIN EMBASSY

By Mark Smalley | http://bce.asia

There’s finally a commercial use for blockchain tech in finance

The idea of using blockchain—the technology underpinning the bitcoin cryptocurrency—has gripped the imagination of financial institutions all over the world. One report from Spanish megabank Santander says banks could save up to $20 billion a year in infrastructure costs by replacing legacy …

Bitcoin

Blockchain Expected to Lead e-Governments as Infrastructure of Future

Blockchain is attracting attention as a technology that will lead next-generation e-governments. Blockchain promoters aim to boost efficiency and …

FinTech

Is Bitcoin Halal? How Cryptocurrency Conforms with Islam and Sharia

Islam is the fastest growing religion in the world, according to Pew Research Center, there are about 1.6 bln Muslims in the world and they make up …

FinTech

P2P Bitcoin Lender Bitbond Raises $1.2 Million in New Funding

Peer-to-peer bitcoin loan market Bitbond has raised $1.2m in new funding.<p>The web platform, which connects lender and borrowers to facilitate the …

FinTech

Bitcoin Advocate Coin Center Collects $1 Million in New Contributions

Washington, DC-based non-profit research and advocacy group Coin Center has raised more than $1m in new funding, the group announced this week.<p>Coin …

Bitcoin

Sustainable Development Through Bitcoin

<i>A. Hannan Ismail is senior adviser for south-south and triangular cooperation at the United Nations. He has spent 25 years in government relations</i> …

Bitcoin

Bitcoin Price Tops $1,000 For Longest Stretch in History

Bitcoin has now been trading above $1,000 for more than seven days, enjoying its longest-ever stretch above this key psychological level and …

Bitcoin

3 Big Blockchain Ideas MIT is Working on Right Now

When one of the world's most prestigious universities announces it will explore a controversial and often misunderstood subject best known for …

Bitcoin

Bitcoin IoT Startup Filament Nets $9.5 Million in Ongoing Funding

Blockchain IoT startup Filament has raised nearly $9.5m in new funding, according to a filing submitted to the SEC late last year.<p>The documents …

Blockchain Startup Storj Targets Enterprise Cloud With $3 Million Raise

What started out as a blockchain-powered, decentralized Dropbox has evolved into an enterprise storage system with real venture capital …

Startups

Mizuho Completes Blockchain Recordkeeping, Digital Currency Trials

Japanese banking group Mizuho announced today the completion of two new blockchain trials.<p>Conducted in partnership with professional services firm …

Bitcoin

Hitachi Tests Private Blockchain for Rewards Points

One of Japan's oldest and largest conglomerates is now testing blockchain for rewards points.<p>According to a blog post from project partner Tech …

Bitcoin

Northern Trust Goes Live With IBM-Powered Private Equities Blockchain

Northern Trust has revealed today it has been discretely running what may be the world's first functioning private equities blockchain.<p>Custom built …

Bitcoin

Bitcoin Price Sets New All-Time High

The price of bitcoin has reached a new all-time high.<p>Bitcoin prices reached a high of $1,171.84, according to the CoinDesk Bitcoin Price Index (BPI) …

Dubai Innovation Office Seeking Startups for $20k Blockchain Contest

Dubai’s government is on the hunt for startups to take part in a new blockchain contest, offering prizes of up to $20,000 for the winning …

Innovation

US Government Code-A-Thon to Focus on Blockchain Health Applications

First blockchain came to help fintech, but can it also solve problems associated with healthcare? A government-supported code-a-thon aims to find out.<p>…

Health Care

Austrian Utility Giant Trials Blockchain Energy Trading

Wien Energie, Austria’s largest utility conglomerate, is taking part in a new blockchain trial focused on energy trading.<p>The conglomerate is working …

Bitcoin

Is Bitcoin Forming a New Price Floor at $1,000?

Bitcoin appears to be stabilizing at a new price point.<p>The value of tokens on the public blockchain protocol reached a high of $1,039 today, …

Bitcoin

22 Companies Leveraging Blockchain for Identity Management and Authentication

February 13, 2017  By : Elena Mesropyan<p>Among the variety of non-financial use cases, blockchain technology can be applied to identity …

Japan's 3 Megabanks Have All Invested in Japan's Biggest Bitcoin Exchange

Less than a year after raising ¥3 billion ($27 million) in a record funding round by a bitcoin and Fintech company in Japan, Tokyo-based bitFlyer now …

Bitcoin

Accenture Just Made It Far Easier For Businesses to Say ‘Yes’ to Blockchain

Accenture has developed software to help secure blockchains for businesses.<p>The consulting firm on Wednesday debuted a system that integrates the …

Bitcoin

Corporate boards are on board with blockchain

Nearly nine out of 10 senior executives in financial services and information technology believe that blockchains will be used on a daily basis in …

FinTech

Exempt in Norway

<b>The Norwegian Tax Administration changed its stance and declared Bitcoin transactions exempt from Value Added Tax (VAT) this week. Previously, they</b> …

Europe

What’s in a Name? From Bitcoin to Blockchain to Distributed Ledgers

<i>Nelson M Rosario is an intellectual property attorney working as an associate at Marshall, Gerstein & Borun in Chicago. He has years of experience</i> …

Bitcoin

World’s First Dedicated Bitcoin Bank Opens In Vienna

A dedicated bitcoin bank, possibly the world’s first, has opened on Mariahilfer Strasse in downtown Vienna, Austria, according to The Local, an …

Bitcoin

Tokens For Time: BNY's Blockchain Lead Explores Concept With Pet Project

"The level of experimentation that’s now possible ... it’s just incredible."<p>So says Alex Batlin, global blockchain lead for BNY Mellon, in a …

Bitcoin

Accenture looks to drive FSI blockchain adoption

<i>This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Despite all the coverage around blockchain technology and the benefits it can bring to FSIs, these companies have been hesitant to adopt it, due partly to unresolved concerns …

FinTech

South Africa's Financial Power Players Just Went All-In on Blockchain

South Africa's central bank, its central securities depository (CSD) and several of its largest banks came together yesterday to chart a course …

Bitcoin

Bitcoin Volatility Tightens After Prices Surge to 1-Month High

Bitcoin prices entered rangebound trading today, after soaring to their their highest in over a month.<p>Earlier in the session, the digital currency's …

Cryptocurrency