Bitcoin Blockchain 

Why Canada is Much Blockchain-Friendly than the U.S. Explained By CEO Bitcoin Mutual Fund

Canada has set the pace as the first government to ever approve an exclusive bitcoin mutual fund. This builds upon its reputation as a friendly environment for emerging technologies. The atmosphere in Canada seems to be freer and more conducive to innovation in this field, based on the numerous developments that the industry has experienced even prior to this time. This is in comparison to its prominent neighbour, the United States, whose Securities and Exchange Commission (SEC) upholds strict measures while trying to figure out appropriate regulatory systems for the…

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Reserve Bank of India Quietly Opens Cryptocurrency Research Unit

Reserve Bank of India Quietly Opens Cryptocurrency Research Unit, The unit has been operational for a month and already sees an as-of-yet unnamed general manager leading it, according to the report citing two sources aware of developments at the central bank. The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI). Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through…

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Cryptocurrency News: What Is Security Tokens in 2018?

Cryptocurrency News: One of the major topics of discussion in cryptocurrency at the moment is around the emergence of security tokens. Security tokens are backed by real assets such as an equity, shares of a limited partnership company, or commodities.   This was around Winter 2017 – 2018. The same time when the Securities and Exchange Commission (SEC) in the USA began focusing their attention on this new and previously unregulated form of cash. Before many other national, government authorities worldwide decided to follow suit. The opening of crypto-futures arguably…

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Bank of America Interested In Patent for Cryptocurrency Exchange System

The patent, which specifically details how a computing device would manage blockchain encryption tags, is the continuation of a proposal for a cryptocurrency online vault storage system that Bank of America first began developing in 2014. The patent envisions a future in which cryptocurrency is widely adopted by the general public but that consumers still entrust their funds to custodians such as banks rather than maintaining their own private keys.   Bank of America, the second-largest banking institution in the United States, has filed another patent application for a system…

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Rejected! SEC Says No to Bitcoin Futures ETF Applications

The Securities and Exchange Commission, the regulating authority of the US, has once again decided not to allow the trading of Bitcoin ETFs. Specifically, it has rejected five proposals made by a subsidiary of the New York Stock Exchange. However, in a potential reversal of fortune, the SEC on Thursday announced that the Commission, led by Chairman Jay Clayton, will review those orders, which had originally been drafted by staff members on behalf of agency leadership. As SEC Commissioner Hester Peirce explained on Twitter, the Commission commonly delegates such rulings to…

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Canada’s Research Center Builds Ethereum Blockchain Explorer

Earlier this year, the NRC launched the Canadian government’s first live trial of public blockchain technology with the aim of building a transparent administration of government grants and contributions. At the time of the launch, the government was able to use the blockchain to publish information on “new and amended Contribution Agreements with firms in real time.” Adham says his company’s goal is to help institutions “become fully transparent” and help constituents participate in the “verification and validation of public information.” “These are early days, but NRC IRAP’s experiments with blockchain…

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IBM Submits a Patent Application for Blockchain Database Management System

The patent for “Managing a Database Management System using a Blockchain Database” explains the IBM’s intention to build a reliable database tampering detection system. The proposed system would detect inconsistencies in a set of data stored in a central database concerning a partial copy of the same data stored on a blockchain database.Industry giant and proactive decentralized tech mover IBM has filed a patent for certain aspects of blockchain technology, a newly published document revealed.   To access the system, one would need to initiate an access request to the…

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New Ethereum Blockchain of Microsoft’s Product Will Gets Rid of Mining

Announced on Tuesday, Ethereum Proof-of-Authority on Azure allows enterprises to build applications on an Ethereum blockchain that is not secured by a Proof-of-Work (PoW) consensus algorithm and consequently does not require mining features that are better suited for networks in which participants do not trust one another. Software giant Microsoft has debuted a new Blockchain as a Service product that allows businesses across industry verticals to deploy a flexible instance of Ethereum tailored specifically for enterprise environments. PoW “works great in anonymous, open networks where cryptocurrency promotes security on the network,”…

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Indian State Government Launches Telangana As The Country’s First ‘Blockchain District’

Telangana government is proud to pioneer the first of its kind Blockchain District in India,” the state’s IT minister KT Rama Rao was quoted as stating. The Telangana State Information Technology, Electronics and Communication Department (ITE&C) has inked a memorandum of understanding (MoU) with multinational IT services giant Tech Mahindra to establish what is being billed as ‘India’s first Blockchain District’. The government of the Telangana, a southern Indian state, is partnering with a major IT firm to establish a district exclusive to blockchain startups in the state’s capital city….

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Blockchain Technology Can Preserve UK £8 Billion : British MP

Conservative member of the British Parliament Eddie Hughes has said that the British government needs a Chief Blockchain Officer to enable social freedom, increase efficiency and rebuild societal trust. In a cryptoworld news report issued today entitled ‘Unlocking Blockchain,’ MP Hughes made a number of other recommendations including an international blockchain competition to encourage talented blockchain developers and proposed a UK blockchain developmental target described as “a longterm aim for government departments to make a 1 percent efficiency by embracing blockchain and other associated technologies.” The 1 percent saving would…

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