The governor of the Bank of Japan expressed the potential of Blockchain and distributed ledger technologies in modern economy development at the International Financial Forum, held in Tokyo on Monday, December 5. Haruhiko Kuroda, Governor of the Bank of Japan, wrote in his remarks to the Paris Europlace Financial Forum: “Some recent information technologies such as the "blockchain" and "distributed ledger technology," or DLT, have the potential to significantly affect money and ledgers, which are the basic infrastructure for financial activities.” You can read more info here: https://coinidol.com/bank-of-japan-calls-for-understanding-of-blockchain/ |
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Dianrong.com became the first Chinese P2P platform to join one of the world's biggest blockchain alliances, the Hyperledger Project. According to the official announcement, the following the implementation of the new P2P regulations and the beginning of a wave of industry reshuffling, Dianrong.com will continue its exploration of the financial technology field, thus further maintaining its edge in the industry. At present, Hyperledger's Chinese membership mainly contains communication companies such as Huawei, as well as Wanda Network Technology Group, Hang Seng Electronics, and other leading domestic companies in the online finances world. Now Dianrong.com becomes the only P2P company among Hyperledger's current 22 members in China, according to publicly available information. You can read more info here: https://coinidol.com/first-chinese-p2p-company-in-hyperledger/ |
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The Russian Federal Tax Service has published a letter on measures to control cryptocurrency circulation and exchange. According to the letter published by the Russian Federal Tax Service, Russian legislation does not prohibit individuals or companies from using cryptocurrencies, thus the Federal Tax Service of Russia considers that operations with the purchase or sale of cryptocurrency should be treated as transactions with foreign currencies, reported Bits.media. More info here: https://coinidol.com/russian-tax-service-to-treat-bitcoin-as-a-foreign-currency/ |
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Valartis Bank Liechtenstein is reported to have been attacked by hackers demanding a ransom in Bitcoins. According to a report from German media, hackers have attacked the Valartis e-banking system and stolen the bank’s customer information. Now the attackers are demanding a ransom of 10% of Valartis bank’s customers’ account balances in Bitcoin to be paid before December 7, 2016. The e-mail from the hackers states: "If you pay ten percent of your credit to us, the case will be closed without any consequences" You can read more info here: https://coinidol.com/customers-of-valartis-bank-under-attack-from-bitcoin-hackers/ |
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Most representatives of the government and governmental companies in Russia have changed their attitudes towards the use of Blockchain technology, as is used for the operation of Bitcoin. It’s safe to visit conferences in Russia without the threat of a visit by “KGB” like government bodies. That’s the opinion of Pavel Likhomanov, the leading organizer of Blockchain & Bitcoin Conference Russia and Head of Projects at Smile Expo. CoinIdol.com had a chance to speak with Pavel Likhomanov on the 10th of November 2016 at that conference in Moscow. Russia Shows Growing Interest In Blockchain The largest annual cryptocurrency and Blockchain technology conference in Russia – Blockchain & Bitcoin Conference Russia – held in Moscow on November 10, 2016, has brought together bankers, venture capitalists, as well as IT staff and developers from all over the world. More than 500 participants and representatives of IBM, Microsoft, Qiwi, Sberbank and dozens of other brands shared their vision of Blockchain technology and cryptocurrency development. About 100 visitors were from the Commonwealth of Independent States and about 30 of visitors were from other countries of the world from China to the UK and the USA. The percent of foreigners at Russian conferences is growing every year. Read more info here: https://coinidol.com/blockchain-bitcoin-conference-in-moscow-without-kgb/ |
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The German Federal Bank (Deutsche Bundesbank) and Deutsche Börse, one of the world's leading marketplace organizers for the trading of shares and other securities, have jointly presented a functional prototype for the Blockchain-based settlement of securities. According to the official press release, this prototype is designed to provide the technical functionality for the settlement of securities in delivery-versus-payment mode for centrally-issued digital coins, as well is capable of settling basic corporate actions such as coupon payments on securities and the redemption of maturing securities. You can read more info here: https://coinidol.com/deutsche-bundesbank-deutsche-borse-blockchain-prototype/ |
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EY Switzerland, one of the four biggest accounting firms in the world, has recently announced to become the first professional services company to accept Bitcoin. The cryptocurrency payment option will be available fr om January 2017, however, it is an initiative of EY branch in Switzerland and there are no plans as of yet to roll it globally. You can read more info here: https://coinidol.com/first-advisory-firm-to-accept-bitcoin-in-switzerland/ |
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Retailers in countries experiencing currency devaluation and cash scarcity are forced to conquer the markets of other countries, using Bitcoin for selling local goods that are ready for shipping worldwide. A reseller of Mercedes-Benz from Venezuela began this practice too and tells his story to CoinIdol.com News Outlet. The acceptance and popularity of Bitcoin is rising in cash-deprived Venezuela as a viable alternative. With the Venezuelan currency devalued, the Bitcoin price has increased by 30%. Bitcoin volume is consistently reaching new highs as well. If the devaluation, inflation, and goods shortages get worse, and if people continue to feed the black market, then the price of Bitcoin will continue to skyrocket. You can read more info and take part in the discussion here: https://coinidol.com/venezuelan-dealer-trading-mercedes-benz-worldwide-for-bitcoin/ |
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CoinIdol.com world Blockchain news outlet have spoken to Jimmy Jacoby, co-founder of Arab American Design and Master Craft Initiative, about the prospects of a new e-governance platform: “E-governance wasn’t a dream, all this time the world was just waiting for the best platform to run it, some countries are already partially running e-governance on other platforms apart from blockchain technology, i believe blockchain will deliver a more high end environment for the system.” A new interview and details of the project: https://coinidol.com/egaas-testing-electronic-government-as-a-service/ |
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The blockchain platform for global government - eGaaS - is now testing the early release version of their system to analyse the system for faults and design suitable solutions to any loopholes as soon as possible before the platform is made available. At the same time, the company is currently conducting an initial cryptocurrency offering (ICO) to raise money to fund its activities. What is EGaaS? EGaaS is a blockchain platform for organizing economic, public and social activities. These events are powered by smart laws and smart contracts. According to information on the eGaaS website, eGaaS’s main mission is to free people, business and governments fr om routine bureaucratic procedures and to serve as a tool that could be used to organize any activity and exercise control over that activity without document circulation. You can read and take part in the discussion here: https://coinidol.com/egaas-testing-electronic-government-as-a-service/ |
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Morgan Stanley, Goldman Sachs and Santander are reported to be dropping their membership in the R3 CEV Blockchain consortium. According to a report by the WSJ, Morgan Stanley doesn’t plan to invest in a $150 million equity funding round meant to develop the Blockchain technology’s infrastructure. Moreover, two other major R3 Blockchain consortium’s members, Goldman Sachs and Santander, also decided to quit the blockchain-banking consortium. "We have made the decision to abandon the consortium," said a spokesperson of Santander about the bank's decision to leave. More info here: https://coinidol.com/another-breach-in-blockchain-consortium-banks-leaving-r3/ |
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