Paul Brody is a principal and the global blockchain leader at EY.  The following article is the third in a series. Read part one here and part two here. Cryptocurrenices ask you to put your trust in math and not in fallible central bankers, but they come with a lot of political baggage of their …

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Blockchain startup Nervos Network has announced it raised $28 million in a Series A funding round. The company said on Wednesday major investors in the new round include token hedge fund Polychain and venture capital firm Sequoia China as well as several China-based blockchain startups such as wallet services Bixin and imToken. Nervos said the …

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What constitutes an election? According those backing ethereum competitor neo, just one candidate and two voters. The public blockchain project, whose tokens are valued at over $2 billion by crypto investors, went so far as to claim in a July 4 blog post that it had entered a “new era” in which its token holders …

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The world’s largest cryptocurrency by market capitalization exploded in price Tuesday, jumping $600 in 30 minutes to break away from what had been suppressive bear market conditions. But entering Wednesday, bitcoin is changing hands at $7,370 and showing signs it might continue its ascent. In fact, when viewed on longer timeframes, it appears that the …

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“I never thought we’d get it.” That’s Vinny Lingham, co-founder and CEO of the blockchain identity startup Civic, talking about the company’s acquisition of “Identity.com” – a fitting web domain for a company built around the idea of putting personally identifiable data in the control of its owners. To that point, Lingham said he had …

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It’s a crypto doubleheader on Capitol Hill tomorrow. Two U.S. House of Representatives Committees will be hosting hearings on Wednesday to look at the topic from two distinct angles. The House Committee on Agriculture will focus on the emergence of “digital assets” while the Financial Policy Subcommittee hearing will examine “the extent to which the United States government …

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In our previous discussion, a strong possibility for a retest of the low volume spring was noted as the market was beginning the early stages of an inverted head-and-shoulders (H/S) reversal (sometimes called a head-and-shoulders bottom). A couple days ago, shortly after testing the left shoulder of the head-and-shoulders reversal (H/S), the market reacted strongly …

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Litecoin creator Charlie Lee could be made a board member at the German bank the Litecoin Foundation – the group in which he serves as managing director – recently obtained a stake in. The deal for a 9.9 percent stake in WEG Bank AG resulted through a partnership with the crypto startup TokenPay, as previously …

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One major class of attacks to hit the hacking landscape recently is cryptomining. While cryptomining on its own supports a good cause when being done consciously, it also allows nefarious actors to make a lot of money fast, and, with the sheer number of cryptocurrencies available to mine, it is becoming a popular choice for …

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Bitcoin’s price shot well above $7,000 Tuesday in a dramatic move that took the cryptocurrency to a level it hasn’t seen in more than a month. As of press time, the world’s most valuable cryptocurrency by market capitalization was trading at $7,368.22, up more than $600 from the day’s open at $6,726.40. Indeed, the market moved …

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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.S. dollars per coin,” according to an official press release, and held in an account with Nevada-based Prime Trust, the same trust company that banks for the …

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Payments giant Mastercard may be looking to speed up cryptocurrency transactions by designing a payments system that will link accounts holding both fiat currency and cryptocurrencies, according to a newly-published patent. The document, published today by the U.S. Patent and Trademark Office (USPTO), explains that though cryptocurrencies have “seen increased usage over traditional fiat currencies …

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Qiwi Blockchain Technologies (QBT), a subsidiary of the Russian e-payments firm Qiwi, plans to incentivize staff by rewarding them with a custom token. According to a report from Russian news agency Interfax on Monday, QBT – which was launched in March to develop in-house blockchain solutions and provide consultation services around token issuance – plans to …

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There are over 600 million Africans living without electricity despite an abundance of sunshine and hundreds of thousands of solar projects on the drawing board. Now, Sun Exchange, a South Africa-based startup, has developed a solution to Africa’s solar electrification dilemma centered on the intersection of three fast-growing technologies: blockchain, crowd-sourcing and solar photovoltaics. Sun …

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Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments. The firm said in a company notice that it had teamed up with Aozora Bank Group on the joint enterprise and that the two firms had been preparing for the launch of the “next-generation” …

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Technology giant IBM has launched a new research center through a partnership with Columbia University in a move aimed to boost blockchain application development and education initiatives. Opening Tuesday, the center is located in the Manhattan campus of Columbia University in New York City and will, among other things, incubate blockchain applications through a combination …

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The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed …

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Trade finance is possibly the busiest space in enterprise blockchain today. And while the people behind the different platforms may say they’re not in competition, that’s not how it looks from the outside. Announced today, NatWest, a part of the Royal Bank of Scotland, has joined Marco Polo, the consortium started by enterprise blockchain startup …

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U.S. cryptocurrency exchange Coinbase has reportedly received regulatory approval to acquire several securities firms – a move that could eventually see it supporting trading in tokens deemed as securities. A spokesperson for the exchange said on Monday that both the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have approved …

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Bitcoin (BTC) scaled the crucial 50-day moving average (MA) on Monday for the first time in nearly two months, however, that does not amount to a bull breakout, technical charts indicate. The corrective rally picked up a pace 24 hours ago, possibly due to reports stating that BlackRock, INC–the world’s largest asset manager and exchange–traded …

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