Month: November 2016

IBM And India’s Mahindra Announce Blockchain Solution For Supply Chain Finance

IBM is working with India’s Mahindra Group on a new blockchain-based solution to improve operational processes for the bundling and selling of invoices as they look to transform supply chain finance across the country. Known as invoice discounting, the process is traditionally known for being time-consuming and risky, requiring each party in the ecosystem to …

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‘Mainstream Adoption Requires Financial Institutions to Adopt Bitcoin,’ Says GAP600 CEO

Financial institutions have a vested interest in adopting bitcoin, which has a number of attractive characteristics when compared with other currencies such a fixed money supply, being not government mandated, fast, digital, cheap and decentralized, according to Daniel Lipshitz, CEO and founder of GAP600. “I do not subscribe that bitcoin will replace existing money systems, …

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Controversial IRS Request To Coinbase Highlights Need For Updated Tax Guidelines

Last week, the US Department of Justice (DOJ) filed paperwork in federal court requesting the disclosure of all Coinbase US customers’ records over a three-year period. The request was made on behalf of the Internal Revenue Service (IRS), which sought the authority to serve a John Doe Summons on Coinbase. A John Doe Summons is …

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Charlie Shrem Unveils New Venture Intellisys Capital

Bitcoin pioneer Charlie Shrem has joined force with Jason Granger, a real estate and private equity expert, to launch Intellisys Capital, an investment company. Intellisys Capital has built a diversified portfolio management platform for US-based middle market operating companies, real estate and blockchain technology. The new fund, which is expected to launch in January, will …

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Smartrac Launches Document Authentication Solution Powered by Blockchain

Smartrac, the world’s leading supplier of radio-frequency identification (RFID) products and Internet-of-Things (IoT) solutions, has launched an integrated document verification and authentication solution which utilizes Factom‘s technology to put paper-based documents on a public blockchain. Called dLoc, the new solution combines NFC technology, IoT capabilities and blockchain’s security, allowing for the reliable authentication of any …

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TumbleBit Part 3: Potential Privacy Improvements for Bitcoin’s Lightning Network

Note: This is part three of a three-part series on TumbleBit. After TumbleBit was first announced as a new privacy enhancement for Bitcoin, powered by payment channels, the first question on many people’s minds was whether or not this tool could be combined with the Lightning Network. The Lightning Network is what many Bitcoin developers …

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Factom Receives Grant From Gates Foundation For Medical Records Project

Factom Inc., a company that provides businesses and governments with blockchain solutions to manage and store their data, has received a grant from the Bill & Melinda Gates Foundation to build a medical records system for the organization. Image credit: The Bill & Melinda Gates Foundation Visitor Center in Seattle, Washington, USA, via Wikimedia The …

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New Indian Mining Pool GBMiners Gains 3% of Network Hashrate, Views Bitcoin Unlimited Positively

Warning: Since this post was published, we have learned that GBMiners are associated with a Ponzi scheme Roughly three to four percent of Bitcoin’s overall hashrate is now pointed at a mining pool in India, putting it in the top ten of mining pools in the world. This Indian mining pool, known as GBMiners, recently …

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Circle CEO Allaire: It’s Highly Unlikely We’ll Be Using Bitcoin in 5 or 10 Years

Blockchain technology was a key topic of conversation at last month’s Finance Disrupted event in New York, which was put on by The Economist. One of the panels at the event, Blockchain vs blockchain, explored the present state of the technology and whether or not one of the currently available options, such as Bitcoin or …

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Singapore Fintech Festival Kicks Off: IBM and KYCK! Announce New Blockchain Platform For KYC; Fintech Awards Finalists Unveiled

The inaugural Singapore Fintech Festival, a week-long event organized by the Monetary Authority of Singapore (MAS) in partnership with the Association of Banks in Singapore (ABS) dedicated to the fintech sector, kicked off today with close to 11,000 participants from more than 50 countries. The event was the opportunity for IBM and KYCK! to announce …

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How Does This Bitcoin Privacy Improvement Compare with CoinJoin and CoinShuffle?

Note: This article is part of a three-part series of articles on TumbleBit. TumbleBit is a recently announced Bitcoin improvement that could potentially benefit the peer-to-peer digital cash system in the areas of privacy and scalability. Many privacy-improving Bitcoin enhancements have been proposed over the years, but TumbleBit can be deployed on the current version …

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Singapore’s BitX Joins FCA Fintech Sandbox; Sets Sights On European Market

BitX, a bitcoin startup headquartered in Singapore that offers consumer wallets, exchanges services and APIs to businesses, has been accepted into the UK’s Financial Conduct Authority (FCA) regulatory sandbox. BitX will be testing its remittance solution on the blockchain. The news marks the startup’s entry into the UK and European market. Speaking to CoinJournal, Vijay …

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Epiphyte To Offer Transaction Clearing And Settlement Using Bitcoin To UK FIs

The Financial Conduct Authority (FCA), the UK’s financial services regulator, has announced that blockchain startup Epiphyte will be providing financial institutions in the UK with an alternative clearing and settlement system that uses Bitcoin. Epiphyte, a London-based startup, specializes in using blockchain technology to provide instant settlement of transactions. The company will offer the new …

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Singaporean Bitcoin Startup Seeks Funding for Further Southeast Asian Expansion

Coinhako, a Singapore-based bitcoin wallet service provider and exchange platform, plans to raise a round of funding as the startup eyes further expansion in the Southeast Asian region. The move follows the company’s launch in Malaysia in June, where it has already noticed “expeditious growth,” according to Gerry Eng, CTO of Coinhako. With the launch …

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