Bank of Lithuania has selected IBM and IT services firm Tieto as the finalists for its blockchain platform dubbed LBChain.
Blockchain News
The most basic definition of blockchain is a shared, digitized ledger that cannot be changed once a transaction has been recorded and verified. All parties to the transaction, as well as a significant number of 3rd parties maintain a copy of the ledger (i.e. the blockchain), which means it would be practically impossible to amend every copy of the ledger globally to fake a transaction.
Bitcoin’s success has triggered the establishment of nearly 1000 new cryptocurrencies, leading to the delusion that the only application of blockchain technology is for the creation of cryptocurrency.
However, the blockchain technology is capable of a lot more than just cryptocurrency creation and may support such things as transactions that require personal identification, peer review, elections and other types of democratic decision-making and audit trails.
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Blockchain platform TBCASoft, IBM and SoftBank announced a collaboration to adopt a cross-carrier blockchain telecommunications payments platform.
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Swiss crypto broker Bitcoin Suisse has purchased a minority stake of CoinRoutes Inc., a provider of pan-exchange smart order routing and algorithmic trading sof...
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by Joeri Cant
Binance CEO Changpeng Zhao considers Russian President Vladimir Putin the most influential person in the blockchain space.
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by Joeri Cant
A draft bill has surfaced in U.S. Congress that claims that all managed stablecoins must be seen as investment contracts and therefore as securities.
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by Joeri Cant
Overstock’s venture capital arm Medici Ventures joins $31 million funding round for California-based software company in the financial industry.
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by Joeri Cant
Morgan Creek Digital has raised $61 million for second blockchain fund, with the ultimate goal of raising $250 million.
- Explained
Crypto worth billions upon billions of dollars has been lost to fraud. But what are the most common scams, and can they be stopped?
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by Helen Partz
Mirror Worlds creator David Gelernter and 19-year Goldman Sachs veteran Rob Rosenthal team up for a new social network.
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San Francisco-based blockchain startup Ripple has announced four new appointments to its global regulatory team.
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As cryptocurrencies blossom in Latin America, a Chilean exchange says its aim is to be the ultimate destination for digital assets in the region.
- Follow up
Kik almost went to the verge of shutting down because of its lawsuit with the SEC. A buyout from MediaLab saved it.
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by Helen Partz
Global blockchain apps to generate $19 billion in cumulative revenue over the next decade, hitting an annual market size of $7.7 billion in 2028.
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Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency.
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by Liam Frost
The Cyberspace Administration of China adds 309 more companies to its list of registered blockchain service providers.
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