Over One Third of Startups in Second Cohort of FCA’s Fintech Sandbox Are Building Blockchain Solutions

Over One Third of Startups in Second Cohort of FCA’s Fintech Sandbox Are Building Blockchain Solutions

The UK’s financial regulator, the Financial Conduct Authority (FCA), has announced the second cohort of its fintech sandbox on June 15. Out of the 24 startups joining this year’s cohort, nine are developing solutions using blockchain technology, which is a testament...
New Zealand Slow to Adopt Cryptocurrencies

New Zealand Slow to Adopt Cryptocurrencies

Bitcoin reached a new all-time high in June when it inched close to the $3,000 mark after an impressive six-month rally that saw the cryptocurrency triple in value. Unsurprisingly, bitcoin has been all over the media in the past few months as global adoption and the...
SegWit2x Alpha is Out: More than 75 percent of Blocks Signal Support

SegWit2x Alpha is Out: More than 75 percent of Blocks Signal Support

On June 16, Jeff Garzik announced the Alpha release of SegWit2x. After all, miners who have signed the agreement started to signal for its activation, SegWit2x is nearly instantly backed by more than 75 percent of the hash rate. The activation of SegWit, it seems, is...
Regulations Are Making it Difficult for Cybersecurity Firms to Transact in Bitcoin

Regulations Are Making it Difficult for Cybersecurity Firms to Transact in Bitcoin

Due to bitcoin’s pseudo-anonymous nature, which makes it difficult to link transactions to the individuals conducting them, bitcoin has become the new go-to ransom payment method in ransomware attacks. This development has led cybersecurity firms to buy and store...
AIG, IBM, and Standard Chartered Collaborate on First Multinational Smart Contract Insurance Policy

AIG, IBM, and Standard Chartered Collaborate on First Multinational Smart Contract Insurance Policy

Insurance giant AIG, the commercial bank Standard Chartered, and IBM have announced the successful completion of the pilot of the first ever multinational smart contract insurance policy backed by blockchain technology. The solution was built by IBM and is based on...
Cryptocurrency: A Cross-Border Money Transfer Solution?

Cryptocurrency: A Cross-Border Money Transfer Solution?

Making international remittances fair and simple was among the first use cases invented for Bitcoin. Even though the initial concept of low fees and high-speed transactions is now threatened by the increased load on the network and complete absence of any consensus...