ECB Executive Board Member: Blockchain Tech a Game Changer

Is the hype over distributed ledger technology (DLT) overblown? Not according to Yves Mersch, a member of the European Central Bank (ECB) executive board. Speaking to the Deutsche Bank Transaction Bankers’ Forum in Frankfurt yesterday, Mersch said  in his prepared remarks that DLT might not be a panacea for the financial industry’s ailments, but it […]

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User Error Sees Bitcoin Mining Pool Earn $135,000 as Fee

A bitcoin transaction of 291.241 BTC saw a fee of 291.2409 BTC, making it an entirely generous fee from the user toward the miner or, more likely, a huge error on the user’s part. Eagle-eyed bitcoin enthusiasts spotted a notably large transaction on the blockchain, one which stood out due to its miner’s fee. First […]

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Vote Sees Europe Move toward AMLD-D for Digital Currency Exchanges

In a majority vote, the European Parliament’s Committee on Economic and Monetary Affairs has voted to adopt its virtual currencies and blockchain report. The vote comes during a time when the Commission is looking to bring digital currency exchanges under the purview of its Anti-Money Laundering Directive (AMLD). The European Digital Currency & Blockchain Technology […]

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Gem Launches Blockchain Healthcare Network, Partners with Philips

With the announcement of Gem Health, Gem is continuing their impressive growth in delivering blockchain platforms for smart networks. Gem has always made it clear that they consider healthcare to be an attractive target for their solutions. With this announcement they have taken a large step towards building a “blockchain network for global healthcare.” The goal is for […]

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Brazilian Bank Itaú Joins R3 Blockchain Consortium

Itaú Unibanco, the largest private sector bank in Latin America has announced a partnership agreement with private blockchain consortium R3, making it the first Latin American bank to join the banking blockchain collective. Joining the ranks of over 40 other global banks, Itaú Unibanco, a Sao-Paulo based bank has joined distributed ledger or blockchain consortium R3CEV, […]

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Proposed Bitcoin Ban in Russia Could Be Revised in the Future

While Russian authorities are currently going through the notions to enforce a ban on bitcoin and cryptocurrencies, the hardline stance could change in the future. The Federal Financial Monitoring Service of the Russian Federation (also known as Rosfinmonitoring) has revealed that while the cryptocurrency ban is being considered as an applicable measure, it does not […]

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Bitcoin Trading Holding To $470 Resistance

Bitcoin price continues consolidating to resistance at $470 (Bitstamp) and 3000 CNY. Technical analysis looks at the significance of these levels and what they suggest for trend. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code […]

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The US Government Contacted a Bitcoin Developer for Consulting Work

The US government is trying to recruit blockchain developers to consult on blockchain and bitcoin developments. This should come as no surprise considering the interest in blockchain technology demonstrated by the world’s largest banks via the R3 CEV project, and the largest technology firms via the Hyperledger Project. The biggest names in banking and technology […]

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How CTB-Locker Ransomware Uses Bitcoin And Blockchain

Why is ransomware the new rage? Denis Sinegubko, the founder of Unmask Parasites and senior malware researcher at Sucuri, a network security firm, notes in a Sucuri blog that the answer to this question has to do with the way ransomware demands are paid. Unlike false anti-viruses that were mostly harmless and made people pay […]

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