Decentralised cloud computing project iExec has announced a partnership with one of the world’s largest utility companies. The French energy giant EDF hopes to overhaul its cloud-based infrastructure by building an application on the Ethereum blockchain. GPUSPH will reportedly take advantage of “the decentralized cloud”. The app gets around Ethereum’s scalability issues by ensuring that…
Reports are emerging that the anti-Emmanuel Macron protesters in France, known in English as the Yellow Vests, are planning to stage a bank run this weekend. Although the changes of such an initiative bringing the government to its knees, as the demonstrators hope, are slim, what may very well be the first ever voluntary bank…
In a report published earlier today, the Finance Committee of France’s National Assembly has stated that it would be appropriate to ban all cryptocurrencies focused on providing greater anonymity to the user. The committee went on the write that such cryptocurrencies posed heightened risk of various financial crimes. The rest of the report was not…
U.K.-based startup SETL was granted a license from the Autorité des Marchés Financiers, the French financial watchdog, to run a blockchain-powered central securities depository (CSD). Blockchain Settlement Startup Promises to Help Cut Collateral Held up in Payment Systems As one of Europe’s biggest securities settlement systems, France will be at the forefront of “market plumbing” processes, where…
According to a report from the AFP News Agency, France’s central bank will be launching a digital asset (decisively different than a crypto asset) in the coming year.France to Launch Digital CurrencyThe outlet reported via Twitter, the Bank of France’s governor, Francois Villeroy de Galhau, said in a recent statement that his organization will start…