Credit Suisse Completes Joint Mutual Fund Transactions Using Blockchain

Global investment bank Credit Suisse and Portuguese Banco Best have completed end-to-end fund transactions on blockchain, according to a press release published Feb. 7. The financial institutions have reportedly processed every part of the fund trade process by implementing a blockchain-based decentralized platform, FundsDLT. Designed to improve the efficiency of fund transaction processing with the…

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Italian Parliament Approves Bill Defining Distributed Ledger Tech, Blockchain Terms

The Italian House of Representatives has approved a bill defining distributed ledger technologies (DLT) such as blockchain, Cointelegraph Italy reported on Feb. 7. With 275 votes in favor, 206 against and 27 abstentions, the bill dubbed “Semplificazioni” has moved forward. The Agenzia per l’Italia Digitale will now define the technical criteria that smart contracts will…

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Report: Bitcoin Transactions Per Day Increase to January 2018 Levels

The daily Bitcoin (BTC) transaction volume has been recently increasing to the levels not seen since January 2018, after BTC hit the $20,000 price mark, according to data from transactionfee.info. Some industry players believe that it is a sign of the evolution of the cryptocurrency’s ecosystem and fundamentals. Bitcoin transactions per day. Source: transactionfee.info Jameson…

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Blockchain Analysis Links Hamas Fundraising to Coinbase Bitcoin Account

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The Palestinian military-political group Hamas, which the U.S. government deems a terrorist organization, may be using the Coinbase cryptocurrency exchange for fundraising. Earlier this week, the Israeli blockchain analytics firm Whitestream identified several bitcoin wallet addresses referred to on official Hamas digital media channels in public requests for donations. One such appeal for bitcoin donations…

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Ripple Expands Blockchain University Initiative With Partners in US, China & Singapore

Ripple has announced the latest new partners in its global University Blockchain Research Initiative (UBRI), which include universities in the United States, China, Singapore and Brazil. The development was announced in a press release published Feb. 7. As reported, Ripple launched UBRI in June 2018  to support academic research, technical development and innovation in blockchain,…

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Ripple Teams With 10 New Universities for Blockchain Research Initiative

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Ripple has partnered with another 10 top universities for its blockchain research program. Announcing the news on Thursday, the blockchain payments infrastructure firm said that the University Blockchain Research Initiative (UBRI) is aimed to help grow the blockchain technology ecosystem. Now joining the initiative are Carnegie Mellon, Cornell, Duke, Georgetown, Morgan State, Kansas, Michigan and…

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How MIT Joined Ethereum in the Race for the First PoS Blockchain

As reported by Cointelegraph on Jan. 24, the press service of the Massachusetts Technical Institute (MIT) announced the development of a new cryptocurrency based on the proof-of-stake (PoS) protocol. It is expected that the nodes of the new network will be able to verify transactions with a throughput increased by 99 percent compared to the Bitcoin blockchain…

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Swiss Stock Exchange SIX Plans Blockchain Platform in H2

Switzerland’s top stock exchange, SIX, aims to roll out a blockchain platform to speed up trading later this year. Reuters reported Feb. 6 that SIX chairman Romeo Lacher said the planned new SIX Digital Exchange (SDX) will initially operate alongside the existing SIX platform. Currently, a trade takes several steps to complete, which can take…

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State-Issued Digital Currencies Can Squeeze Banks, Says South Korea Central Bank

South Korea’s central bank issued a warning over central bank digital currencies (CBDCs) a week after saying it would not introduce one itself. The development was reported in local news outlet Yonhap News Agency, Feb. 7. CBDCs, which are also known variously as state-backed or government-backed digital currencies, involve a blockchain-based version of a country’s…

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Two Investment Firms Launch ETF Tracking Cloud Computing and Blockchain Companies

United States-based Investment management firm AdvisorShares and investments advisory company Sabretooth Advisors will jointly launch an exchange-traded fund (ETF) that tracks tech companies, including those involved with blockchain and cloud computing, MarketWatch reported on Feb. 6. ETFs are marketable securities that track a basket of assets proportionately represented in the fund’s shares. ETFs are offered…

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Circle’s Head of Partnerships Joins Blockchain Startup Celo

Chuck Kimble, who helped to launch the USD-pegged stablecoin USD Coin (USDC) at crypto finance company Circle, has reportedly joined blockchain firm Celo as head of strategic partnerships. The development was reported on Feb. 6 by Celo’s Medium page. Celo is a blockchain startup working to create a mobile-based crypto-payments network — using fiat-collateralized stablecoins…

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Blockchain’s Promise of a Trustless System Is False, Wired Author Argues

An opinion piece published by American online magazine Wired on Feb. 6 has leveled criticisms at the promise of new blockchain-based architectures of trust. The article’s central argument is that trust is not eliminated, but rather displaced, in blockchain systems — principally from institutions and social conventions onto technology. The article’s author, Bruce Schneier, alleges…

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Diamonds Are Blockchain’s Best Friend: How DLT Helps Tracking Gems and Prevents Fraud

Last week, Russia’s Ministry of Education and Science introduced a blockchain-enabled platform for tracking diamonds. Indeed, blockchain has been bringing transparency into the diamond industry — a complex ecosystem where corruption and irresponsible mining appear to be largely present. Self-regulation in the diamond industry — and how Everledger’s arrival pivoted it from a dead end…

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