The Hyperledger Project got a big boost after its formal collaboration with the Chamber of Digital Commerce (CDC). The Linux Foundation hosted the Project to promote blockchain apps across multiple industries. CDS is a trade association that actively promotes blockchain technology. The two will work to reinforce the current advocacy as well as information dissemination initiatives.…

A United States Federal Court in California’s Northern District gave full authority to the US Internal Revenue Service to carry out a “John Doe” Writ or Directive on Coinbase.  The summons contains a request for complete identities of Coinbase clients from the US who exchanged digital currencies from 2013 until 2015. The company facilitates transactions…

Officials of the European Commission (EC) made public a new initiative recently. The goal of the Commission is to assist start-up enterprises present their complete innovation along with the potential to create employment opportunities. This is known as “Start-up and Scale-up Initiative” and aims to help resourceful entrepreneurs in the Euro Region the chance to turn…

One of the biggest banks in the Russian Federation is Sberbank. Herman Gref, its chief executive officer, recently revealed his experiences with the Bitcoin currency to the public. He identified benefits of digital currencies during a joint project presentation with Google. The CEO admitted having owned this virtual currency. He kept the Bitcoin for more than…

Records from the United States Patent and Trademark Office revealed that 21 Inc applied for a patent intended for specialized Bitcoin mining system in May 6 (2015). The patent specifies “mining circuitry with adaptable or compliant difficulty compare capabilities.” This is the second application for the same company which presented a similar application in 2014…

Peter Osher, chief revenue officer of MoneyGram International does not see the Bitcoin Blockchain as having disrupted the global remittance industry. Traditional systems are still reliable because of regulatory and usability concerns confronting crypto-currencies. Meanwhile, the $US40 million worth of remittances the Digital Currency Group reported through its start-ups hardly matters considering that this is…

Factom is a Blockchain Technology Company based in Austin, Texas (USA) with offices in London (United Kingdom), Sunnyvale, CA (USA), Shanghai (China) and Beijing (China). The company offers data management and record-keeping support services for businesses. Just recently, it was the recipient of a grant from the Bill and Melinda Gates Foundation. The funding is…

Business students of 13 universities from different countries competed in a crypto-currency investment challenge sponsored by Kraken, a digital currency exchange (Bitcoin and Litecoin), and publicized by The Economist Magazine. Kraken operates in the United States, Canada, The European Union, and Japan. Dubbed as the Kraken Case Study Competition, the objective was to determine which Blockchain…

A Blockchain technology advocate, Gavin Wood (former ETHEREUM Chief Technology Officer) and founder of Parity Technologies teamed up with MELONPORT AG (Switzerland), which builds multi-chain software for asset management. This software supports Interoperability among various blockchains with verifications of identity attributes. Its initial application is for crypto-currency portfolios. MELON software is the first app for POLKADOT,…

The financial watchdog of South Korea unleashed a digital currency team with the goal of introducing new rules governing exchanges during the early part of 2017. The Financial Services Commission (FSC) assembled members of the working group and scheduled inquiries within the next few months. Members of this task force include representatives from other government…