MIT Professor Believes Blockchain Catalyst for Borderless Economy

Blockchain, according to a Massachusetts Institute of Technology professor, has the right ingredients for a borderless economy. Professor Silvio Micali made these claims in an interview to Bloomberg. Silvio, a professor of engineering, said that blockchain’s three most prominent characteristics were security, scalability and decentralization and that before the advent of blockchain, two out of the […]

Cambridge Scholars Invent Scheme to Track Stolen Bitcoin

Cambridge Scholars Invent Scheme to Track Stolen Bitcoin

A group of students from the UK’s prestigious Cambridge University has outlined a system whereby stolen Bitcoins might be able to be traced. With the official number of stolen Bitcoins currently standing at over USD 1 billion in BTC, until now, such coins have remained largely untraceable. But three students, Mansoor Ahmed, Ilia Shumailor and […]

Swede Receives “Unreasonable” $1 Million Crypto Tax Bill from Government

Swede Receives "Unreasonable" $1 Million Crypto Tax Bill from Government

Tax concerns are always a worry, as some crypto enthusiasts under certain jurisdictions must now include a cryptocurrency element in their annual calculations, but spare a thought for Swede Linus Dunker who has been hit with a hefty USD 1 million tax bill. The beleaguered crypto trader has just received his annual tax bill from the Swedish […]

Ginko Defends Russian $10 Billion Bitcoin Investment Claims

Vladislav Ginko Defends Russian $10 Billion Bitcoin Investment Claims

Despite receiving stark criticism for his comments earlier this month, economist Vladislav Ginko stands by his claim that Russia has imminent plans to invest USD 10 billion in Bitcoin. Ginko previously stated that the Kremlin was seeking to diversify its reserves in the face of further sanctions from the US, as the Russian government looked to devise […]

Spanish Port Authority to Explore Blockchain Logistics

Spanish news outlet Europa Press reported yesterday that the Port Authority of the Bay of Algeciras (APBA) has signed an agreement to join the TradeLens platform, a blockchain-based logistics solution developed by multinational information technology company IBM and Danish business conglomerate Maersk. The platform, launched in early 2018, was designed to digitize the global supply […]

Japan Approves Trial for Yen-Backed Stablecoin Settlement

A subsidiary of Japanese internet group Digital Garage has been approved for the first blockchain finance project authorized by the government’s new regulatory sandbox. Crypto Garage will test the issuance of a Japanese yen-backed stablecoin using Blockstream, a Bitcoin infrastructure startup. Excited to announce @CryptoGarageInc, a Joint Venture between @DigitalGarage, Tokyo Tanshi & @Blockstream, developing #SETTLENET & […]

SAP Develops Blockchain Solution for Pharma Supply Chain

In enterprise blockchain news, German-based European multinational software corporation SAP announced last week that it has launched a blockchain supply chain tracking system for drug management. It indicated major pharmaceutical companies to include Boehringer Ingelheim AG & Co KG, GlaxoSmithKline Plc, and Merck Sharp & Dohme to be involved in the development of the software. As […]

Brexit Deal or No Deal: The Effect on UK’s Blockchain Industry

Brexit Deal or No Deal: The Effect on the UK Blockchain Industry

The United Kingdom’s impending exit from the European Union has the economy on edge. Parliament has yet to approve Prime Minister Theresa May’s exit agreement and a so-called “no deal Brexit” is a looking like a real possibility. Just a few months away on 29 March, the UK is scheduled to leave, and nobody knows quite […]

Bitmain Targets Development in Revamped 2019 Business Model

Bitmain Targets Development in Revamped 2019 Business Model

Bitmain appears to be in the process of repositioning itself towards development to make 2019 a far more successful year after the disappointments and layoffs of 2018 as cryptocurrency mining came under pressure. The Beijing mining giant recently referred to last year’s negatives and positives in its latest roundup, but now seems more focused on how […]