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March 1, 2017

UK’s David Cameron Wants to Use Blockchain to ‘Fight Corruption’ in Governments

The U.K.’s former Prime Minister David Cameron said on Monday that the blockchain can be used to fight government corruption and that he is ‘excited’ about the potential that the technology presents. Speaking at the opening of FinTech startup Blockchain’s new London offices, Cameron said […]
March 1, 2017

Ethereum Set To Ditch Mining In Favor Of Proof Of Stake

Ethereum is ready to ditch mining in favor of using a proof of stake model, according to Bloomberg. Ethereum’s developers want to put a proof of stake model, called Casper, into place by the end of the year. For Ethereum to realize the potential that […]
February 28, 2017

Western Australia’s Mining Companies Urged to Adopt Blockchain Technology

Resource companies in Western Australia that form a multi-billion-dollar mining industry can benefit greatly from adopting blockchain technology, according to one expert. While blockchain technology, FinTech’s poster-child has seen rampant development and early deployment in the financial services industry, other industries are catching on to […]
February 28, 2017

Kingdom of Bahrain Targets “Country Level” Blockchain Adoption

The Kingdom of Bahrain, a nation of over 30 islands in the Persian Gulf, is in talks with Singapore’s central bank as the monarchy looks toward nation-wide blockchain adoption. According to a report in a regional publication, Bahrain is devising a plan to deploy a pilot […]
February 24, 2017

Bitcoin Price Tops 3-Year Highs, Breaches $1,150

The bullish run continues as bitcoin price scales beyond $1,150, registering a high of $1,153 on the day (at the time of publishing) on the Bitstamp Price Index (BPI). Bitcoin is now trading beyond the high of $1,139.9 on January 4, a day before it […]
February 24, 2017

Canada’s Central Bank is ‘Open’ to More Blockchain Tests

Canada’s central bank is leaving the door open to the development of additional blockchain prototypes, according to one of its senior officials. Bank of Canada senior deputy governor Carolyn Wilkins moderated a panel earlier this week at an event hosted by the Competition Bureau, an independent […]
February 23, 2017

Bitcoin’s Transaction Backlog Hits All-Time High

Almost 100,000 bitcoin transactions are currently stuck, waiting to move, with around $30,000 in fees queued for miners to pick up. The mempool backlog is above 56MB. The network is running above capacity, usually operating at more than 4 txs/s. Users are once more complaining. […]
February 23, 2017

Swiss Federal State Could See its Own Digital Currency

Ticino, a federal state in southern tip of Switzerland could soon see its very own local digital currency called ‘Ticinocoin’, if the two computer scientists behind the cryptocurrency had their way. Sharing a border with Italy as its neighbor, the canton (federal state) of Ticino […]
February 21, 2017

Asian Fintech Startups See a Record $5.4 Billion VC Funding in 2016, Driven by China

Fintech startups in Asia gained a record $5.4 billion in venture-capital funding last year, up from $4.8 billion in 2015. According to data from venture capital research firm CBInsights, Asia accounted for nearly 20 percent in the number of Fintech investments worldwide. Notably, however, the […]
February 21, 2017

The Bitcoin ETF Will Be Rejected According to Prediction Markets

The much-anticipated bitcoin ETF, which has been going through the bureaucratic process for now more than three years, will likely be rejected according to a Bitmex prediction contract launched almost two weeks ago. Since its listing, the market has always given Winklevoss’ ETF a less […]