Overstock Founder: Blockchain Can Make Government Services Incorruptible

Governments can become bribery-free and superefficient by utilizing blockchain technology, believes Patrick Byrne, Overstock’s CEO and founder. He expressed his views in a Market Watch interview published on 12 February. Byrne, however, added that a fundamental change in the structure of government services was first required, believing that blockchain has the ability to provide an optimum solution to […]

Brexit Delays UK Blockchain Customs Project

In the wake of Brexit, further work on the development of “blockchain-based distributed ledger project for customs needs” has been halted by Her Majesty’s Revenue and Customs (HMRC). On the UK Parliament’s website, a question regarding the development of the abovementioned project was raised in the Q&A section. Eddie Hughes, member of parliament (MP), raised […]

Chile Central Bank: Crypto Needs Legal Framework to Substitute Fiat

Traditional money will not be substituted by cryptocurrencies in near future, stated the Central Bank of Chile (Banco Central de Chile, BCC) in a comprehensive report on digital assets. The report was made on a special request of the Tribunal de Defensa de la Libre Competencia (TDLC). The document can be considered official as it […]

Russian Cargo Shipper to Use Blockchain for Port Logistics

Prominent logistics company Baltika based in Russia is working on a blockchain-based solution for improving and immuting its port operations, according to Russian media outlet Morvesti. For this purpose, the company has inked a new deal with a Moscow-based blockchain company Iconic. The new DLT-based solution will reportedly allow Baltika to store all necessary shipping related […]

Bitcoin ETF a “Virtual Certainty”, Says Financial Expert

Talks about a Bitcoin exchange-traded fund (ETF) have been in the works a while now, and some experts in mainstream finance still believe it’s only a matter of time before one is granted. Ric Edelman, co-founder of Edelman Financial Services, insisted in an interview with CNBC that a Bitcoin ETF was “virtually certain”. The derivative market […]

Ex Mt Gox CEO Pours Cold Water on Exchange Reboot

Former CEO of the now-defunct cryptocurrency exchange Mt Gox Mark Karpeles has flatly refuted any attempts to restart operations of the exchange. Comments regarding a restart were first floated by Brock Pierce, who claimed he could reboot the exchange and give better compensations to the traders affected by the exchange’s hack back in 2014 that […]

Report Claims Ripple Tempts Recruits with Generous XRP Packages

Ripple has recently claimed that it had no role in the development of the cryptocurrency XRP. However, reports are surfacing that claim the company was found utilizing its huge XRP reserves to attract potential hires. It began with a media report claiming that an engineer was offered an XRP pay package by Ripple. The engineer, […]

IBM Fights California Drought with Blockchain

In order to tackle the recent drought in some parts of the state of California, IBM has decided to start a collaborative project utilizing the Internet of Things (IoT) and blockchain, stated an official press release. The project will focus on sustainable management of one of the largest and most at risk aquifers in North America […]

Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

London-based global information provider IHS Markit have estimated that the finance industry blockchain market is set to reach USD 462 billion by 2030. The value of blockchain in the financial sector reached USD 1.9 billion in 2017, according to IHS Markit’s figures but this total is set to swell significantly given the expected launch of […]