Dutch Government Invests in a Blockchain Development Campus

Netherlands will the unveiling of a blockchain “campus” in September wherein banks and financial companies will work together for the development of blockchain applications for payments and the wider financial industry. Willem Vermeend, the Secretary of Finance and Minister of Social Affairs in Netherlands has revealed that the country will open a blockchain-centric campus in […]

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Irish Silk Road Admin is Fighting an FBI-led Extradition Process

Microsoft and the U.S. government are in an ongoing battle over an Irishman allegedly involved in Silk Road wanted by the FBI on darknet drug charges, as reported by Deep Dot Web. The 27-year-old Irishman, Gary Davis, from Wicklow, is currently fighting an extradition case led by the FBI so that he can avoid facing […]

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JP Morgan to Launch In-Residence Program for FinTech Startups

Banking giant JP Morgan has recently announced that they will be launching an In-Residence program in a bid to get FinTech startup companies to tackle challenges within the industry. JP Morgan is aiming to get financial technology startups to come together with its company so that they can brainstorm ideas that will help to change […]

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“With Bitcoin, We’re Sending a Message,” Says Swiss Town Mayor

It was early May when the Swiss town of Zug convened a city council meeting. By the end of it, bitcoin was accepted as a valid mode of payment for municipality services, part of a pilot program. Fintech-friendly Zug, a picturesque and serene town on the banks of lake Zug made headlines in May after […]

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Dash Beverage Machine Shows Instant Confirmation for POS Transactions

Dash, a privacy-centric cryptocurrency that offers near instantaneous transactions, has developed a beverage vending machine that can secure a transaction without the need for a block confirmation. Dash enthusiasts believe the instant transaction and confirmation feature holds great potential for point-of-sale retailers. Dash enthusiast Dan Handler will be taking the machine to the d10e Conference […]

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Citibank: Bitcoin Won’t Disrupt Payment Networks, but Changes Are Coming

Citi Research released a 56-page report on bitcoin saying that it is not going to disrupt banks or credit card networks. It says there will be increased transaction costs for bitcoin to provide increased volume. As for the use of bitcoin in remittance payments, it says bitcoin’s advantage dissipates when the “last mile” cost of […]

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Bitcooin BIP 75 Proposal Raises Debate: Security/Privacy vs Easy-To-Use Wallets

The BIP 75 proposal to improve bitcoin’s ease of use has drawn a lot of criticism among bitcoiners on account of the option for a receiver to identify himself to the sender, according to an article by Bitcoin Magazine’s Kyle Torpey disseminated by Nasdaq.  Bitcoin Core contributor Peter Todd ignited the recent debate with a […]

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