Archive | June, 2016

Blockchain Intelligence Group now accepting investment via bitcoin

June 30th, 2016 by

Blockchain Intelligence Group (BIG) announced that it now allows potential investors the opportunity to buy shares in the current BIG private placement using Bitcoin. BIG says it allows accredited investors to invest a minimum of fifteen (15) bitcoin into their current round. This will enable investors and the Company, added diversification with now being allowed […]

Bitcoin bill approved by the North Carolina state Senate

June 29th, 2016 by

The North Carolina General Assembly has now approved an update to the state’s Money Transmitters Act. It is now headed to the governor for his signature. Bitcoin exchanges and other industry companies in North Carolina will now be mandated to obtain a money transmitter license following a vote by members of the North Carolina Senate. […]

Toyota Financial Services joins R3 blockchain group

June 28th, 2016 by

Toyota Financial Services announced it has joined blockchain consortium R3, making it the first organization affiliated with a major automaker to take part in the cross-industry effort. “Beyond finance, we believe additional applications of the technology in auto manufacturing and sales will benefit our customers by making mobility more affordable and available,” said Chris Ballinger, […]

31 Chinese firms form new Financial Blockchain Shenzhen Consortium

June 28th, 2016 by

31 technology and financial firms in China have formed a new Financial Blockchain Shenzhen Consortium dedicated to blockchain. Among the members of The Financial Blockchain Shenzhen Consortium are Chinese financial services company Ping An Bank and a subsidiary of Tencent telecom company that created one of the most popular Chinese instant messengers – QQ. All […]

Colu raises $9.6m in Series A funding round

June 27th, 2016 by

Colu has announced that it has raised $9.6 million in Series A funding round. The round, backed by Aleph, Spark Capital, Digital Currency Group and former Thomson Reuters CEO Tom Glocer, follows a $2.5m seed round in early 2015 that came at a time when the startup was focused on building out its underlying technology. […]

Hyperledger Project welcomes seven new members

June 27th, 2016 by

Linux Foundation’s open source Hyperledger Project announced it has added seven new members to its “business blockchain” effort. The new members include Belink Technologies, BitSE, INVeSHARE, MonetaGo, Moscow Exchange, Norbloc and Onchain. The new members have joined the project to help create an open standard for distributed ledgers for a new generation of transactional applications. […]

Poland plans to explore blockchain tech

June 24th, 2016 by

Poland’s Ministry of Digital Affairs released an extensive and very ambitious digitalisation plan called the “From Paper to Digital Poland”. Part of those plans are to tap into Blockchain technology as well as digital public services, moving to a cashless society and the implementation of electronic identification (eID). One of the areas of focus will be […]

National Bank of Kazakhstan to announce a number of projects using the blockchain tech

June 24th, 2016 by

The National Bank of Kazakhstan expressed its inclinations towards releasing a number of blockchain projects. The announcement was made by the country’s head financial regulator Daniyar Akishev in a press conference held in Almaty. “We expect to formalize a number of projects in which we are considering the possibility of using the blockchain system on […]

Circle raises $60m from China-based investors

June 23rd, 2016 by

Circle announced it has raised $60 million in new funding from a consortium of technology and financial firms in China. The latest funding comes from existing investor and Beijing-based tech investment fund IDG Capital Partners, as well as Chinese firms including Baidu, CICC Alpha and Everbright Investments. Circle co-founders Sean Neville and Jeremy Allaire indicated […]

FSOC: Bitcoin and blockchain poses financial stability risks

June 22nd, 2016 by

The Financial Stability Oversight Council (FSOC) has warned that the growing popularity of bitcoin and blockchain are threats to financial stability. In its annual report, the FSOC said the distributed ledger systems, like most new technologies, pose uncertainties and risks that market participants and regulators must monitor. “Market participants have limited experience working with distributed […]