Austrian Government to Notarize $1.3 Billion Bond Auction Using Ethereum

NEWS Sep 27, 2018 at 14:00 UTC The Austrian government is to use the ethereum blockchain to notarize the auction of a government bond worth €1.15 billion, or around $1.3 billion. The Federal Government’s Finance Agency (OeBFA) has assigned banking giant Oesterreichische Kontrollbank (OeKB) to carry out the auction on its behalf on Oct. 2,…

US SEC Seeks Sanctions Against Individuals Behind Alleged Crypto Scam PlexCoin

The U.S. Securities and Exchange Commission (SEC) is seeking sanctions against the individuals behind the allegedly fraudulent Initial Coin Offering (ICO) known as PlexCoin, Finance Feeds reports September 26.The SEC has been involved in ongoing court proceedings against the owners of the associated firm PlexCorps — Dominic Lacroix and Sabrina Paradis-Royer — at the New…

UN Food Program to Expand Blockchain Testing to African Supply Chain

The United Nations World Food Programme (WFP) is expanding its blockchain testing from refugee aid in the Middle East to supply chain management in Africa. Following the agency’s well-publicized pilot of an ethereum-based system for cash transfers in Jordanian refugee camps – a project known as Building Blocks – it now plans to test blockchain…

Cryptocurrency Regulation – the Vital Ingredient in Helping Cryptocurrencies Grow

We’ve all heard the saying that “ignorance is bliss” at some point in our lives, but this term most certainly does not apply to the financial world. In the financial sphere, ignorance is risk, not bliss. It’s for this very reason that traditional financial markets are regulated. The US markets are more than happy to…

Operator of Hacked Crypto Exchange Zaif Gets Third Warning From Japan’s Watchdog

Japan’s Financial Services Agency (FSA) has issued a third business improvement order to the owner of hacked crypto exchange Zaif, Tech Bureau. The news was reported by Cointelegraph Japan today, September 25.As previously reported, as a result of a security breach on the Zaif exchange September 14, hackers succeeded in stealing 6.7 billion yen ($59.7…

Over 75 New Banks: JPMorgan Expands Blockchain Payments Trial

NEWS Sep 25, 2018 at 11:40 UTC  |  Updated  Sep 25, 2018 at 11:44 UTC A major blockchain payments trial launched by JPMorgan, Australia’s ANZ and the Royal Bank of Canada has just gained over 75 new banks as participants. As reported by CoinDesk, the three banks set up the project in October 2017, aiming to slash…

US Tech Firm Eyes Blockchain Supply Chain Solution for Major Chinese Ports

U.S.-based technology company Ideanomics has partnered with the Asia-Pacific Model Electronic Port Network (APMEN) Trade Tech Co. to streamline supply chains with blockchain tech, a press release reports Thursday, September 20.Together with APMEN Trade Tech Co., Ideanomics aims to leverage blockchain and what it calls “super artificial intelligence” to cut out “layers of middlemen” in…

‘500 Transactions a Second’: Vitalik Says Zk-Snarks Could Scale Ethereum

A form of cryptography pioneered by zcash might help scale ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday. Named zk-snarks, Buterin wrote that by using the tech, ethereum can potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma…