First South East Asia know your customer blockchain system POC for security breakthrough

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with the Infocomm Media Development Authority (IMDA), has become the “first consortium” in South East Asia to complete a proof of concept for a know your customer (KYC) blockchain. The parties say the development “raises the possibility” of using blockchain to make KYC “more efficient …

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Japan licenses 11 bitcoin exchanges

Quoine is the first global crypto fintech company to receive an official license from the Japan Financial Services Agency (JFSA) on Friday, 29th September 2017. QUOINE operates QUOINEX, a cryptocurrency exchange and high performance trading platform that went global since May 2014. At its core, QUOINE is focused on stringent security measures on QUOINEX and …

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Understanding Initial Coin Offerings

Stellar.org published a white paper with Luxembourg House of Financial Technology (LHoFT) called Understanding Initial Coin Offerings: Technology, Benefits, Risks, and Regulations. Companies have raised over $1.8 billion through ICOs (Initial Coin Offerings) since January 2017. As organizations continue to raise tens, sometimes hundreds, of millions of dollars in each token sale, it grows increasingly …

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Bitcoin back above $4000 as AirSwap could allow circumvention of China’s restrictions

The price of Bitcoin seems to be shrugging off China ICO (initial coin offering) ban as the price is back above $4000. Michael Oved helped Virtu Financial Inc. become the most consistently profitable market maker in the history of electronic trading. Now he has his sights set on revolutionizing how digital currency exchanges operate. The …

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Types of e-money and possible government issued cryptocurrency

Riksbank, Sweden’s central bank, estimates that cash transactions made up only 15 percent of all retail transactions last year, down from 40 percent in 2010, thanks in large part to massively popular mobile payment services. Riksbank and the central banks of other countries are taking a serious look at blockchain, the technology that makes Bitcoin …

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ICOs and VC investment in the blockchain

PitchBook has an update for Q3 2017 of ICOs and venture capital investment in the blockchain. * regulatory statements in China and the US have yet to temper market enthusiasm for the red-hot cryptocurrency and ICO market. Regulatory action against secondary exchanges in China may put short-term downward pressure on an overheated market, but will …

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Canada’s guidelines for cryptocurrencies and ICOs

The USA, Singapore and Canada regulators have all issued some warning and guidelines for cryptocurrency and fintech. They are in general regulating tokens similar to securities. On August 24, the Canadian Securities Administrators (CSA), an organization composed of Canada’s provincial and territorial securities regulators, released Staff Notice 46-307 Cryptocurrency Offerings, which addresses how Canadian securities …

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Next Big Futures from now to 2027

In 2011 Nextbigfuture projected a Mundane Singularity, where certain emerging technologies would start to have development and impact by Dec 2016. There were various updates and the last update was in January of 2017. I need to update and alter the January 2017 forecast andI will shift from calling it Mundane Singularity to Next Big …

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Has Winter come to Bitcoin with exchange closures in China ?

Bitcoin has had a big selloff with the closing of Bitcoin exchanges in China. It did take Bitcoin over 4 years to recover from a 2013 selloff from a peak of just over $1000. Bitcoin did not push to new highs until February of this year. Chinese bitcoin exchange BTCChina said on Thursday that it …

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Intel and Tencent cooporating on Blockchain

Tencent also signed a cooperation framework agreement with Intel to develop blockchain technology for Tencent’s TUSI IoT (Internet of Things) laboratory and promote the establishment of security capabilities in Internet of Things applications. Blockchain is a new application mode in distributed data storage, point-to-point transmission and encryption algorithms for computer technology, which can be widely …

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