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Blockchain ‘Is Immature and Has Major Challenges’

Carlos Torres, CEO of Spanish bank BBVA, said blockchain technology is “not mature” and faces major challenges, el Economista reported June 18. Torres expressed his concerns about blockchain’s current limitations at an event organized by the Spanish Association for Economic Journalism which focused on the prospects of the technology. According to Torres, the main challenges for blockchain are the “volatility ...

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IBM Launches Blockchain-Powered Media Transactions Tracker to Prevent Advertising Fraud

IBM iX has partnered with software supplier Mediaocean to launch a blockchain-powered tracker for digital media transactions, the company tweeted June 19. IBM iX is the business and tech consulting wing of international technology giant IBM. According to IBM iX, the main purpose for applying blockchain in the media ecosystem is to “clean things up” in the media buying industry.   ...

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John McAfee Will No Longer Promote ICOs, Cites ‘SEC Threats’

Anti-virus pioneer and crypto evangelist John McAfee tweeted that he will no longer work with initial coin offerings (ICOs) or promote them due to “threats” from the U.S. Securities and Exchange Commission (SEC). The SEC declined to comment on his statement. Due to SEC threats, I am no longer working with ICOs nor am I recommending them, and those doing ...

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Blockchain Platform to Challenge App Stores With ‘Borderless Payments’

A new platform is going to allow anyone to establish their own eCommerce content store and receive payments from anywhere in the world – reducing costs for their consumers and opening the door to fast-growing emerging markets. The platform would allow service providers and other entreprises to build up applications or services on it’s blockchain. Bezant claims that many small ...

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Automotive Advances With Blockchain Technology

The automotive industry is regarded as one of the more cutting edge sectors that often leads the way for new technologies such as artificial intelligence and autonomous systems. Blockchain is being seen as one such technology, and it is unsurprising that the industry is immersing itself in this new space. Car manufacturers have been quietly picking up on the blockchain ...

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Malaysian Gov’t Committee Partners With Korean Lab to Develop Sharia-Compliant Blockchain

South Korean blockchain lab IncuBlock has signed a Memorandum of Understanding (MOU) with a Malaysian government advisory committee for blockchain tech development permissible under Sharia law, local news outlet IT World reported yesterday, June 18. Blockchain tech has previously been used in terms of tracking halal foods, as UK-based HALAL TRAIL has begun using blockchain to track livestock and fresh ...

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Cointelegraph Launches Aggregator Platform for DApp Discovery, Analysis

Tuesday, June 19, Cointelegraph is announcing the launch of an aggregator for decentralized applications (DApps), DApphub, for easy discovery and analysis of the growing number of DApps in existence. Cointelegraph’s DApphub allows crypto enthusiasts to view information about each DApp in one place, including a description, specifics about current status, developers, and popularity. DApphub’s listings can be arranged according to ...

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Cambodian Regulators Say Dealing in Crypto Without License Is Illegal

Dealing in cryptocurrencies without obtaining a license from relevant authorities has been declared illegal in Cambodia, according to an official statement published Tuesday, June 19. The joint statement was first penned on May 11 by the National Bank of Cambodia (NBC), the Securities and Exchange Commission of Cambodia (SECC) and the General-Commissariat of National Police, and has now been publicly ...

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Self-Advertised as Turkey’s ‘National Cryptocurrency’ Turcoin Outed as Ponzi Scheme

Turcoin, advertised by its creators as Turkey’s “national” cryptocurrency, has been outed as a ponzi scheme, Hürriyet Daily News reports Monday, June 18. Muhammed Satıroğlu, a major shareholder of the company that launched the coin has told the media it “doesn’t have a single dollar in the bank.” Istanbul-based company Hipper, whose partners Muhammed Satıroğlu and Sadun Kaya launched ‘Turcoin’ ...

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France Opens ‘First’ Blockchain Accelerator in Europe With 30 Participants

France became host to Europe’s first blockchain accelerator as Paris moves to become the “capital of ICOs,” Finance Magnates reports Monday, June 18. Chain Accelerator, a joint scheme involving around thirty cryptocurrency and finance entities and professionals, aims to offer mentoring to international blockchain startups. Among the list of participants in the blockchain scheme are Gatecoin CEO Aurelien Menant and ...

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