A new blockchain development hub is in the making off the coast of Africa as Mauritius looks to welcome blockchain technology developers and innovators for its own benefit. A major Ethereum startup, Consensys, is taking aim at the little tropical island Mauritius off the east coast of Africa as...
The first ATM was born in London on June 27, 1967. With the rise of new technologies, its future looks bleaker. Flashback to 1967 Just 50 years ago, a machine was distributing banknotes for the first time. It was a real revolution at the time when individuals around the world...
Self-confessed “Bitcoin provocateur” Chris DeRose has published an open letter to the US Securities and Exchange Commission (SEC) saying ICOs “are killing innovation.” In a Medium post published Thursday, DeRose, who is known for his provocative statements in the Bitcoin and Blockchain space, said that consumers were being “swindled”...
Former U.S. lawmaker and presidential candidate Ron Paul doesn't think cryptocurrencies should be considered money, but he's "amazed" by their growth. In an interview with financial news organization TheStreet last week, Paul put forth...
Despite various scandals resulting from his claims, Craig Wright, the computer scientist who claimed to be Satoshi Nakamoto, has been staging a comeback in the form of a new company called nChain. The company claims to be “the global leader in research and development of Blockchain technologies.” It is...
The Reserve Bank of India (RBI) is keeping a close watch on transactions involving cryptocurrencies, says RBI Governor Urjit Patel to Parliamentary Panel. The Indian Government has taken multiple moves to curb tax evasion. The government demonetized high value currency notes in November 2016, in an attempt to flush...
Preston Byrne is an independent consultant and founder of Tomram LLC and the former chief operating officer of Monax Industries, an enterprise blockchain software vendor. Recent news stories make it pretty clear that...
Bitcoin made an unplanned appearance at the most recent DOTA (Defense of the Ancients) International Tournament, as an audience member held up a ‘Buy Bitcoin’ sign during announcements of the televised event. Bitcoin has been frequently popping up in unlikely locations. The current stunt, intended to increase awareness of Bitcoin,...
Following other major banks and financial institutions such as Goldman Sachs, JPMorgan Chase, the New York-based $335.4 bn banking giant, has started to utilize Blockchain technology to automate high throughput transaction processing. Most operations and settlements facilitated by banks including JPMorgan and Goldman Sachs require significant manual verification and...
The price of the top digital currency is well above the means of many, especially in Africa. A Bitcoin in Nigeria, for example, is now worth over N3 mln. This is a far reach in a country where half of its approximately 200 million people live on less...