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This post was originally published here A recent study by the Depository Trust & Clearing Corporation (DTCC), a post-trade financial services firm, has found that distributed ledger technology (DLT) is scalable enough to support daily trade volumes of the U.S. equity market, according to a press release published Oct. 16. The blockchain scaling problem is …

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Blockchain firm Bitfury has come up with a novel product aimed to make it easier to pay for products with bitcoin. To that end, a specialized engineering team within the company has developed a coffee vending machine capable of connecting to the Lightning Network, a second-layer transaction protocol designed to make bitcoin more scalable by …

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Payment services giant Mastercard is looking at the use of blockchain for keeping track of consumer payments, newly published patent filings suggest. In a series of largely similar patent applications published last week by the U.S. Patent and Trademark Office, Mastercard outlines how a distributed ledger can be used to record “point-to-point transactions” as they …

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A Dutch court classifies Bitcoin as a “transferable value” after the court ruled in favour of a plaintiff who was owed 0.591 Bitcoins (BTC), according to a court document published March 20.   The claim was filed in a Dutch court by Mr. J.W. de Vries on 2 February 2018 against Koinz Trading BV, a non-public …

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The US Department of the Treasury may begin adding digital currency addresses to its sanctions list if they can tie them to a sanctioned individual, according to a document issued March 19. The Office of Foreign Assets Control (OFAC) may add digital currencies addresses and wallets to the Specially Designated Nationals And Blocked Persons List …

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The US National Security Agency (NSA) is reportedly able to locate senders and receivers of Bitcoin around the world, as classified documents provided by Edward Snowden reveal, The Intercept reports March 20. The sources used for this article were disclosed to The Intercept, a publication dedicated to ‘adversarial journalism’ founded by Glenn Greenwald, Laura Poitras, …

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In late January 2018, Streamity, a Singapore-based startup with Russian roots, released its cryptocurrency exchange app StreamDesk, which is able to exchange various currencies from user to user with no intermediary. The project is now working on creating the decentralized platform, which they claim, “will revolutionize the modern crypto exchange market.” Looking to the market At least …

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South Burlington, Vermont’s pilot program made in cooperation with global Blockchain real estate marketplace Propy Inc. has completed the first completely Blockchain-based real estate deed in the US, financial blog ZeroHedge reported Thursday, March 8. An unnamed source at Propy told ZeroHedge that the first totally Blockchain-based real estate transaction in the US had been …

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A report by the financial messaging provider SWIFT and 34 global transaction banks that sought to answer the question of how distributed ledger technology (DLT) (Blockchain) Proof of Concept (PoC) can help Nostro account reconciliation has been published today, March 8, with positive results. A Nostro account is a bank’s account in a foreign currency …

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Sweden’s land-ownership authority, the Lantmäteriet, is soon expected to conduct their first Blockchain technology property transaction after two years of testing, the Wall Street Journal (WSJ) reported Wendesday, Mar. 7. Lantmäteriet is currently shortlisting volunteers to participate in buying and selling property on its own Blockchain-based platform. Mats Snäll, Lantmäteriet’s chief digital officer, told the WSJ …

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Bitcoin’s sideways price action has led to the lowest number of confirmed transactions per day since March 2016, according to Blockchain.info. Data shows BTC transactions falling in line with downward trends in price since the all-time highs of December 2017. The number of transactions reached a two-year low on Feb. 26 with only 180,000 confirmed …

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U.S.-based payments giant PayPal has filed a patent with the U.S. Patent and Trademark Office (USPTO), published on March 1, to increase the speed of cryptocurrency payments. The patent describes an “Expedited Virtual Currency Transaction System”, involving the use of secondary private keys to shorten wait times for transactions between consumers and merchants. The patent’s …

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PayPal is eyeing a way to boost the speed of cryptocurrency payments, a newly-released patent filing shows. An application for an “Expedited Virtual Currency Transaction System” published on March 1 by the U.S. Patent and Trademark Office (USPTO) details a method by which private keys – the strings of numbers and letters used to transact …

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The Swiss-based Credit Suisse and Dutch-based ING financial service groups have successfully completed the first live transaction of 25 mln euros (around $30 mln) in securities on R3’s Corda Blockchain platform, according to Credit Suisse’s March 1 press release. Credit Suisse and ING transferred the legal ownership of Dutch and German government securities using HQLAX …

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Cardtronics, the world’s largest ATM operator, considers virtual currencies among the major risks to their business, as stated in its latest 10-K annual report. According to the report the company filed with the US Securities and Exchange Commission (SEC), consumer behavior analysis shows a significant shift in preferable payment methods. More customers now choose electronic …

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Rabobank, a major Dutch bank with €681 bln under management, roughly equal to $838 bln, is looking into options for developing a cryptocurrency wallet within its online banking environment, according to a press release published Feb. 28. The idea of a digital wallet for the bank’s own cryptocurrency project “Rabobit” was offered under the bank’s …

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Cryptocurrency exchanges in Malaysia must now fully identify traders after new central bank anti-money laundering legislation came into effect Tuesday, Feb. 27. A copy of the legislation and official press release from the Bank Negara Malaysia (BNM) states that any exchanges offering crypto-to-fiat, fiat-to-crypto and even crypto-to-crypto trading must “identify the customer and verify that …

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Laszlo Hanyecz, the man that completed the world’s first documented Bitcoin (BTC) transaction for a physical item in 2010 — 10,000 BTC for two pizzas — has now bought two more pizzas using the Bitcoin Lightning Network. Hanyecz posted on the Lightning-dev mailing list today, Feb. 25, that he had to get his friend in …

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A patent for a system that would allow for modifications of a Blockchain protocol without a consensus from all participants of the network, originally filed by the CME Group in December 2017, has been published by the US Patent and Trademark Office (USPTO) last Thursday, Feb. 8. In most Blockchain-based networks, such as Bitcoin’s, modifying …

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The US Internal Revenue Service (IRS) has assembled a team of 10 investigators for international crime investigations as well as for finding tax evaders who use cryptocurrency, Bloomberg reports Thursday, Feb. 8. Chief of the IRS Criminal Investigation Division Don Fort said that the team will work with international criminal agencies to investigate unlicensed exchanges …

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