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Digital Isle of Man Joins the British Blockchain Association

One of the earliest adopters of blockchain technology — the Digital Isle of Man (Digital IOM) — is now an official member of the British Blockchain Association (BBA). The organization serves as a bridge between government regulators and the private sector, and encourages growth, innovation and support in the Isle of Man’s fintech industry. Digital IOM believes that blockchain technology ...

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How Peter Kroll’s Paper Wallet Protects Cryptocurrency

Since its invention, a recurring question for cryptocurrency holders has been how to best secure their digital assets. This question of security carries the greatest weight when one understands the stakes of holding unprotected cryptocurrency — vulnerability to hackers. Since 2011, software developers have kept this problem at the back of their minds. One such innovator, Peter Kroll, recently joined ...

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Igniting Crypto Payments Worldwide Through Crypterium

In late 2009, Bitcoin founder Satoshi Nakamoto ushered in a groundbreaking approach to money by championing a digital payment system free from third-party intermediaries and governmental control. While this new worldwide economic system has advanced significantly over a relatively short period of time, it has yet to deliver a user-friendly approach to assist the everyday consumer with day-to-day commerce at ...

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Maltese Parliament Passes Three Blockchain Bills into Law

The Maltese Parliament has passed three bills into law that establish a regulatory framework for the country’s blockchain sector, Malta Today reports. Just last week, the Parliament “unanimously voted” to approve these bills in its second reading. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. Silvio Schembri, ...

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Chain “Fully Operational as per Design” After “Irregular” …

On July 3, 2018, Binance suspended all trading and withdrawal services due to “irregular” Syscoin (SYS) trades carried out “from a number of API users.” The exchange has since resumed all activities, according to a blog post. Questions remain, however, as to the root cause of the problem. Binance API While the price of Syscoin had hovered around 0.00004 BTC, ...

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Bringing IoT and Blockchain Applications Together to Avoid Human Error …

ULedger and Fetch.ai have joined resources to tackle the problems caused by human error in today’s economy. Based in Boise, Idaho, ULedger is an international technology firm with offices in Kosovo, Italy and Austria. The company works to offer security and transparency to digital records and electronic communications, while providing indisputable third-party audit trails of electronic data to ensure transactions and ...

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FCA Chooses Blockchain Companies for Fourth Cohort of Regulatory …

The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U.K., has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post. Of the 29 firms selected, about 40 percent of them are blockchain focused. The sandbox’s ...

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International Coalition Set to Tackle Cryptocurrency Tax Crime

In a bid to fight the threat of cryptocurrency tax crime, the United States Internal Revenue Service (IRS) has joined with tax authorities from Australia, Canada, the Netherlands and the United Kingdom to form the Joint Chiefs of Global Tax Enforcement (J5), according to a press release. The J5 is a response to a request by the Organisation for Economic ...

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Switzerland’s “Crypto Valley” Successfully Completes Blockchain Voting …

Zug, a city in Switzerland’s Crypto Valley, completed its first blockchain-based municipal vote on July 2, 2018, the Swiss News Agency reports. Hailed as a “success” by local officials, the vote was held using a trial digital ID system announced in June of this year. City authorities, who have issued digital identities to residents since 2017, are currently evaluating different ...

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