Archive | January, 2017

Procivis launches blockchain e-government platform

January 31st, 2017 by

Swiss blockchain startup Procivis announced its proof of concept for a blockchain-backed e-government platform. Describing it as an “e-government as a service platform,” the Procivis platform is designed to “enable the digitization of societies and the provision of online public services across the globe.” E-government services are a promising example how blockchain technology can be […]

Cisco, Bosch and others create an IoT blockchain consortium

January 31st, 2017 by

Bosch, Cisco, BNY Mellon and other innovative Fortune 500 companies has decided to unite efforts to adopt the blockchain to Internet of Things applications. The formation of the consortium follows the December meeting that saw representatives from a group of industry-leading startups and discussed the challenges facing blockchain and IoT applications and the potential for […]

The People’s Bank of China is testing a blockchain-based digital currency

January 30th, 2017 by

The People’s Bank of China (PBOC) completed a successful trial run of a digital bank acceptance exchange, moving closer to becoming the first central bank in the world to research and test its own blockchain-based digital currency. According to sources from the PBOC, the central bank on Dec. 15 completed the trial in transactions and […]

BitFury Group gets $30m investment from Credit China Fintech

January 30th, 2017 by

San Francisco blockchain tech provider BitFury Group received $30 million as investment from Hong Kong-listed fintech company Credit China Fintech. The deal includes an investment in BitFury shares and the establishment of a joint venture focusing on the Chinese market. The joint venture will be BitFury’s first major venture in China, and according to CNBC […]

Bitcoin startup Xapo gets conditional approval from Swiss finance regulators

January 27th, 2017 by

Xapo has received conditional approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate in Switzerland. The approval isn’t final, however, as Xapo said the regulator wants to see it join a self-regulatory organization (SRO), among other steps. Xapo relocated to Switzerland in mid-2015, citing customer privacy concerns at the time as it looked […]

Japan’s central bank to host Fintech Forum next month

January 27th, 2017 by

The Bank of Japan is going to host its third Fintech Forum on 28 February 2017, which will focus on blockchain technology. The invite-only event will be hosted at the Bank of Japan’s FinTech Center, founded last year as part of the institution’s push toward utilizing new technologies like blockchain. The event will focus on […]

BoE governor Mark Carney: Fintech poses risk to financial system

January 26th, 2017 by

Bank of England governor Mark Carney said that the fintech revolution poses significant risks to the stability of the financial services sector. Speaking at a conference in Germany organised by the country’s central bank, Carney said financial innovation could reduce costs and improve efficiency. But it could also pose risks to the stability of bank […]

European Securities and Market Authority takes ‘wait and see’ regulatory approach to blockchain

January 26th, 2017 by

The European Securities and Market Authority (ESMA) has stated blockchain technology has not reached a point where regulatory action is needed, so has taken a ‘wait and see’ approach towards it. Patrick Armstrong, senior risk analysis officer, innovation and products team at Esma, explained the approach should not be considered as passive, but instead “one […]

Washington Senators files new bill to prevent local cannabis businesses from using bitcoin

January 25th, 2017 by

Senators Steve Conway and Ann Rivers have filed a new bill in the Washington State Senate to prevent local cannabis businesses from using Bitcoin as a mode of payment. Under the proposed rule, businesses that work in the local marijuana industry would not be allowed to either pay for goods with digital currency or accept […]

BitFury launches Global Blockchain Business Council

January 25th, 2017 by

Bitfury Group, a developer of bitcoin mining hardware and operator of mining farms, has launched the Global Blockchain Business Council (GBBC) at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland. . The mission of the new lobby is is to bring together the world’s leading businesses and business leaders to highlight the latest […]