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Blockchain and distributed ledger technology move from promise to practice
Blockchain and distributed ledger technology (DLT) have been key disruptors discussed for several years now. But compared with previous years, when many of the discussions were conceptual, at finally there are some more practical, experience-based accounts of the technologies. JP Morgan, Royal Bank of Canada (RBC) and Australia and New Zealand Banking Group (ANZ), launched [...]
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Heavy-weights join board of reserve-backed cryptocurrency
In an under reported story regarding the ultimate direction of cryptocurrencies, some of the world’s best-known economists have announced plans to create what could be described as a reserve-backed cryptocurrency. Saga, the entity set up to develop the currency, aims to address many of the criticisms frequently thrown at bitcoin, the world’s biggest cryptocurrency, to [...]
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Top 4 Blockchain companies to watch in 2018
The more blockchain-based initiatives there are being released into the market, the more difficult it can be to understand which of those are the most interesting applications of the technology. Essentially, every startup harnessing this powerful new technology aspires to transform the everyday world in some way or another. It’s only natural that some will [...]
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PayPal file patent to speed up cryptocurrency payments
PayPal has reportedly filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of the payment, however, some experts argue that this is already made possible through existing technologies in the cryptocurrency industry. On March 5, 2018 PayPal filed a patent with the US Patent and Trademark Office (USPTO) for a technology [...]
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Digital currencies pose stability risk to Central Banks – BIS report
The Bank for International Settlements has warned Central bankers that they risk endangering the stability of the global financial system if they launch their own digital currencies in an effort to destroy competition from rivals from outside the official sphere. “A central bank digital currency could allow for ‘digital runs’ towards the central bank with [...]
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