Category Crypto Currency

European Union Vastly Increases Blockhain Research Funding

Blockchain technology will make a big impact all over the world. A lot more research is needed before this technology can go mainstream. As such, it seems the European Union will increase its annual research budget in in the next few years. More specifically, the funding cap will go from 83 million EUR to 340 million EUR by 2020. This fourfold increase is excellent news for blockchain research in general. The European Union is quite impressed with the potential of blockchain. More specifically, they see a lot of potential use cases for this technology as we speak. Especially when it comes to administration and businesses, there are plenty of options to explore. Distributed ledgers can provide a high degree of trust, security, and traceability. This applies not just to systems exchanging data, but also financial infrastructure in general. All of this warrants more research into what the future will hold for blockchain technology. European Union Excited About Blockchain With the EU Blockchain Observatory being created, interesting things will happen. This new effort will focus on technical expertise and regulatory capacity first and foremost. Creating industry-wide standards will not be easy whatsoever. A lot of efforts are underway in Europe in relation to blockchain technology as we speak. With this new European Union-backed venture, things will move along even faster. Whether or not public authorities will ever embrace this technology, remains unknown. Before such a decision can be made, more research is needed first and foremost. With information stored across a network in a distributed fashion, big things are bound to happen. At the same time, all companies need to keep the potential risk in mind as well. Without a proper legal framework, this technology will not make a big impact anytime soon. With the European Union increasing its funding, the future looks rather bright. A fourfold increase in funding is rather spectacular, though. With a total cap of 340 million EUR to be spent, the European Union has some high expectations, by the look of things. Further details regarding the exact research into blockchain technology remain unknown for now. All things considered, this can only be considered to be a positive trend for distributed elders in general. Especially with an open-minded regulatory approach, this technology can start making a bigger impact very soon. The post European Union Vastly Increases Blockhain Research Funding appeared first on NewsBTC.

European Union Vastly Increases Blockchain Research Funding

Blockchain technology will make a big impact all over the world. A lot more research is needed before this technology can go mainstream. As such, it seems the European Union will increase its annual research budget in in the next few years. More specifically, the funding cap will go from 83 million EUR to 340 million EUR by 2020. This fourfold increase is excellent news for blockchain research in general. The European Union is quite impressed with the potential of blockchain. More specifically, they see a lot of potential use cases for this technology as we speak. Especially when it comes to administration and businesses, there are plenty of options to explore. Distributed ledgers can provide a high degree of trust, security, and traceability. This applies not just to systems exchanging data, but also financial infrastructure in general. All of this warrants more research into what the future will hold for blockchain technology. European Union Excited About Blockchain With the EU Blockchain Observatory being created, interesting things will happen. This new effort will focus on technical expertise and regulatory capacity first and foremost. Creating industry-wide standards will not be easy whatsoever. A lot of efforts are underway in Europe in relation to blockchain technology as we speak. With this new European Union-backed venture, things will move along even faster. Whether or not public authorities will ever embrace this technology, remains unknown. Before such a decision can be made, more research is needed first and foremost. With information stored across a network in a distributed fashion, big things are bound to happen. At the same time, all companies need to keep the potential risk in mind as well. Without a proper legal framework, this technology will not make a big impact anytime soon. With the European Union increasing its funding, the future looks rather bright. A fourfold increase in funding is rather spectacular, though. With a total cap of 340 million EUR to be spent, the European Union has some high expectations, by the look of things. Further details regarding the exact research into blockchain technology remain unknown for now. All things considered, this can only be considered to be a positive trend for distributed elders in general. Especially with an open-minded regulatory approach, this technology can start making a bigger impact very soon. The post European Union Vastly Increases Blockchain Research Funding appeared first on NewsBTC.

Hicky (HKY) Officially Partners up with NAGA

The post Hicky (HKY) Officially Partners up with NAGA appeared first on CCN This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post Hicky (HKY) Officially Partners up with NAGA appeared first on CCN

Cryptube to Enable Digital Asset Sharing Economy on the Blockchain

The post Cryptube to Enable Digital Asset Sharing Economy on the Blockchain appeared first on CCN This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post Cryptube to Enable Digital Asset Sharing Economy on the Blockchain appeared first on CCN

ID Chain Delivers Efficient and Reliable Authentication of Credit Data

The post ID Chain Delivers Efficient and Reliable Authentication of Credit Data appeared first on CCN This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post ID Chain Delivers Efficient and Reliable Authentication of Credit Data appeared first on CCN

JPMorgan’s Head of Blockchain: Cryptocurrency Just Needs ‘Some Evolution’

Finally, some good news from JPMorgan! The Wall Street bank’s head of blockchain has said that he sees the potential with cryptocurrency, but that it needs ‘some evolution.’ Speaking at Yahoo Finance’s All Market Summit, Umar Farooq, JPMorgan’s head of blockchain, said that he wouldn’t go as far as to say that digital currencies are ‘bad,’ reports Yahoo Finance, adding: I would say cryptocurrencies have issues. I think we need to figure out how those issues get solved. During his talk, Farooq expressed the view that there are a lot of positives with the cryptocurrency market. However, concerns remain. One of which relates to money laundering. According to Farooq, regulators and the banking industry realise the potential digital currencies have, but they need to know who the customer is. Notably, he said: We think cryptocurrencies need some evolution. These comments from the bank’s head of blockchain are in stark contrast to its CEO. Jamie Dimon, the chief of JPMorgan, has been known to express his negative view about the cryptocurrency market. In September, Dimon famously called bitcoin ‘a fraud’ and that it was ‘worth nothing,’ claiming that any employee found trading in it would be fired. Interestingly, at the beginning of 2018, he said during an interview on Fox Business that he ‘regretted‘ making those comments about the cryptocurrency. However, while Dimon may have different opinions on the digital currency to others he is fully behind the blockchain. In partnership with the Royal Bank of Canada and Australia and New Zealand Banking Group, JPMorgan launched a new payment processing network that uses the blockchain technology. Known as the Interbank Information Network (IIN), it will enable payments to reach recipients faster with less steps and increased security. In a report from Reuters in October, Emma Loftus, head of global payments and foreign exchange at JPMorgan Treasury Services, explained: Blockchain capabilities have allowed us to rethink how critical information can be sourced and exchanged between global banks. Featured image from Shutterstock. The post JPMorgan’s Head of Blockchain: Cryptocurrency Just Needs ‘Some Evolution’ appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

It Is Time for Influencers to Keep More of Their Earnings

The post It Is Time for Influencers to Keep More of Their Earnings appeared first on CCN This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. A new form of advertising and reaching customers has proliferated over the past decade or so, and it was mostly fueled by the invention of social network. Social The post It Is Time for Influencers to Keep More of Their Earnings appeared first on CCN

Crypto Exchanges Questioned for Over Advertising in Japan

The massive billboard featuring a Japanese celebrity dripping in gold above the Shibuya crossing for DMM Bitcoin exchange sparked a debate about advertising responsibility. Billboards with lots of bling selling Bitcoin As the popularity of investing in Bitcoin has taken off in Japan exchanges are spending more and more to attract potential players across all media platforms. The level of television advertising for such exchanges as DMM, Coincheck, and Bitflyer have risen significantly in the last year. In December and January, Bitflyer and Coincheck ran 819 adds in a single prefecture. A frequency on par with major international corporations such as Toyota and McDonalds. On the web the advertising campaigns are everywhere. Bitcoin exchanges have paid adds running on Youtube, Instagram, and Facebook, or they did until last week. Surprising the world Facebook joined in the general push-back against Cryptocurrency exchange advertisers in Japan by banning such adds last week. “This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network, and Instagram,” the company’s statement read. It’s unclear how long the Facebook ban will last or if it will remain permanently in place. Exchanges spending too much on adds ignoring security The general pushback isn’t only about potential fraudulent advertisement or deceptive practices but about exchanges prioritizing their own funds. One of the largest spenders on ads across the board has been Coincheck which lost around $500 million worth of XEM coins in a hack last week that security experts say should have never happened. The customer tokens were stored in a so-called hot wallet connected to the internet making it vulnerable to hackers. The exchange explained that it was planning on moving the coins offline to more secure storage but lacked manpower at the time. “The thing that makes me the most angry is that they spent money on commercials that should have been spent on their systems,” said CEO Yoshitaka Kitao of SBI Holdings. In an international climate of governments studying increased cryptocurrency regulation and Japan facing the most diverse and active trading in Asia the trend of blanket advertising may bring about even more unwanted scrutiny. Since April of last year, Japanese exchanges were to be registered with the government’s Financial Services Agency. However, those that were in business prior to that ruling were allowed to continue doing business throughout that approval process as was the case with Coincheck. The post Crypto Exchanges Questioned for Over Advertising in Japan appeared first on NewsBTC.

Automated Crypto Solution to Make It Easier for Beginners to Start

The post Automated Crypto Solution to Make It Easier for Beginners to Start appeared first on CCN This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. A platform for intuitive building and running automated crypto trades will start an ICO on February, 7th. It won’t be easy for them to gain an audience as The post Automated Crypto Solution to Make It Easier for Beginners to Start appeared first on CCN

Could OPEC Adopt a Cryptocurrency? Venezuela Lobbies for Oil-Backed ‘Petro’

The post Could OPEC Adopt a Cryptocurrency? Venezuela Lobbies for Oil-Backed ‘Petro’ appeared first on CCN The Petro, Maduro’s Venezuelan crypto endeavor, is a pre-mined oil-backed cryptocurrency. However, this isn’t enough for Maduro who now wants an OPEC-backed global cryptocurrency. Could it work and is there support within OPEC? The President of Venezuela, Nicolas Maduro, wants OPEC support for Venezuela’s new ‘state-backed’ cryptocurrency offering which has been called “the Petro”. This The post Could OPEC Adopt a Cryptocurrency? Venezuela Lobbies for Oil-Backed ‘Petro’ appeared first on CCN