Fusion Whisky and the Adelphi Distillery have announced the launch of The Winter Queen – their latest product to use blockchain technology to track its provenance. The Winter Queen Marries 17th Century Royalty with 21st Century Tech It is not only finance that blockchain technology has the potential to disrupt. Other industries are rapidly making…
Very few positive stories come out of China with cryptocurrency in the headlines. This one is no different as the central bank has continued with its rhetoric over the risks of dealing with digital currencies. Same Old Story; Crypto Bad, Blockchain Good The People’s Bank of China has issued another warning over its perceived bubble…
Alexis Ohanian has spoken about the current state of the cryptocurrency markets. The Reddit co-founder believes that the dwindling prices experienced throughout 2018 are good for the space and will allow those committed to it to work with fewer distractions. Ohanian Silent on Previous Ether Price Call One of cryptocurrency’s most committed bulls, Alexis Ohanian,…
Post-trade market infrastructure giant DTCC has initiated the testing phase to re-platform its credit derivatives on distributed ledger technology (DLT) and cloud. The trial will include the participation of 15 of the world’s largest global banks, which will conduct structured user acceptance tests to validate the interaction between systems, firms and other market infrastructure providers.…
The central bank of Israel has published a summary of the work of its interdepartmental team to examine central bank digital currency and its eventual use in the country’s financial system. The research found there are no proper grounds for a decision to recommend issuing digital currency as of yet. Israel’s Central Bank Report Weighs Benefits…
BTCC, China’s oldest Bitcoin exchange, is shutting down its mining pool, which has been operating for more than four years, the company announced. The firm claims the decision to cease operations indefinitely from November 30 is due to business adjustments. BTCC’s Mining Pool to Cease Operations Indefinitely from November 30 The cryptocurrency mining pool launched…
The government of Thailand has announced plans to adopt distributed ledger technology to fight tax avoidance. Director-general Ekniti Nitithanprapas said the Revenue Department intends to use blockchain to verify whether taxes were paid correctly and to speed up the tax refund process. Thai Government Announces Plan to Use Blockchain Technology to Improve Tax Collection System The…
MetaMask, the most popular Ethereum wallet in the world, has just hit a major milestone of 1.3 million downloads, according to a recent announcement. MetaMask Hits 1.3 Million Users The wallet comes as a new Chrome extension, and it offers numerous features, such as a secure identity vault. It allows anyone to run decentralized application (dApps) on…
Azerbaijan is joining the list of governments adopting distributed ledger technology to promote efficiencies. Osman Gunduz, Chair of the Azerbaijani Internet Forum (AMF), announced the country will start using blockchain on the information systems and registries of the Ministry of Justice. Azerbaijan Government Eyes Blockchain Application on Notaries, Courts, Penitentiaries, NGOs, Registries The Azerbaijani Internet Forum is…
Blockchain-based virtual game CryptoKitties has raised US$15M in financing led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT. Funds raised will be used to establish a U.S. subsidiary, hire leading executives in the U.S. and Canada, and develop its infrastructure. High-Profile Investors Line Up to Back Consumer Blockchain Success CryptoKitties With…