REVIEWS

Block.One Joins EOS Elections as One Entity Allegedly Controls 6 Block Producers

[ad_1] The centralization of EOS has again emerged as a contentious issue within the cryptocurrency community, with the firm that created the EOSIO software, Block.One, participating in electoral procedures to choose the Block Producers for the EOS blockchain.On Nov. 28, EOS Block Producer EOS New York tweeted screenshots of Whois search results that suggest that six of EOS’s total pool of Block Producers are managed by just a single entity,
Bitcoin News

From 2020, the sale and custody of Bitcoin will be allowed to all German banks

[ad_1] Advertisment The Grand Coalition wants to establish Germany as a pioneer in the new digital economy. To achieve this, a tight schedule has been set up, which is not usual in Germany in other digital areas. So far, there was a clear legal separation between the normal regulated banking and crypto transactions. The custody and trading of Bitcoin and Kryptos has until now always been outsourced to specialized partners
REVIEWS

Upbit Promises Swift Reimbursement, Theories Over Missing Funds Swell

[ad_1] On Nov. 27, major South Korean cryptocurrency exchange Upbit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting an inside job, although experts are skeptical of the theory after analyzing the incident.The platform’s operator has promised to compensate all stolen funds shortly. UpBit is the second “Big Four” exchange in the
Bitcoin News

European Investment Fund (EIF) 400 million EURO for Blockchain and AI

[ad_1] Advertisment The European Commission and the European Investment Fund (EIF) have set up a new Blockchain and Artificial Intelligence (AI) Innovation Fund, the EIF announced.According to the announcement, the new fund was created to prevent the EU from falling behind countries like the US and China. He also wants to strengthen Europe’s position as a site for the development of Blockchain and AI.Under the new investment plan, EUR 100
REVIEWS

US Congress Wrestles With Financial Technologies and Data Privacy

[ad_1] On Nov. 21, the United States Congressional Task Force on Financial Technologies held a hearing on the role of big data in financial services. The last major legislation focused on the subject was the Gramm-Leach-Bliley Act of 1999, which formalized a financial service firm’s obligations to clients — specifically, how they share client information. Given the field’s expansion over the past 20 years, the Fintech Task Force’s posture on Thursday
REVIEWS

New Report on Crypto’s Legal Status in UK Lays Out Regulation Options

[ad_1] London has long been one of the world’s most prominent financial hubs. But as the United Kingdom delves further into an uncertain period of political instability that could radically alter the very identity of the country, its attractiveness for business is starting to be questioned.Despite the need to appear as business-friendly and open to innovation as possible due to the ramifications of the ongoing Brexit crisis, the U.K. still
REVIEWS

Industry Says There Is Already Enough Regulation

[ad_1] Earlier this week, the number of Bitcoin (BTC) ATMs installed worldwide reached a new milestone, surpassing 6,000. Coincidentally, another major development just a day before occurred within the same area: The United States Internal Revenue Service said it was looking into potential tax issues caused by such ATMs and kiosks.This development might allow the IRS to succeed in mitigating the use cryptocurrency for large-scale federal tax non-compliance, experts suggest.
Bitcoin News

Blockchain with Unlimited Scalability: Is It Possible?

[ad_1] Advertisment Blockchain continues to penetrate the business and technology industries, but it’s ready to move beyond. The system has leaped past the financial sector and is now revolutionizing the government, transportation, real estate, the academe, and even the entertainment industry. As a matter of fact, a 2018 PWC survey says 84% of executives confirm their organizations are “actively involved” with blockchain. And while 45% of respondents revealed “trust” as
Bitcoin News

Huawei is developing Chinese government Blockchain

[ad_1] Advertisment Chinese technology group Huawei is developing blockchain for the Chinese government to streamline data exchange between political institutions and public authorities. Instead of many central data silos, a decentralized register is to be used with the blockchain. Huawei thus creates an infrastructure that plays into the political interests of the party leadership in the cards.This is reported by the Chinese news magazine East Money. Initially, data will be
Bitcoin News

Lamborghini goes Blockchain – The Bitcoin News

[ad_1] Advertisment DREAMFORCE — Salesforce (NYSE: CRM), the global leader in CRM, today announced that Automobili Lamborghini—the Italian brand and manufacturer of super sports cars and super SUVs—is using Salesforce Blockchain to quickly and securely authenticate heritage Lamborghini cars. One of the world’s most iconic and cutting-edge brands, Lamborghini has been at the forefront of innovation in the automotive market since its founding in 1963. Looking for ways to increase the