Blockchain technology is facing a serious scalability issue, and solving it might not be as easy as some think. In the history of blockchain to be written in textbooks, 2018 will probably be known as the year of failing at scaling. An outcry for scalable blockchain systems in 2017 led to a number of companies […]
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The Italian postal service has joined the Hyperledger blockchain community, which includes American Express, Cisco, Intel and JPMorgan. The Italian postal service provider, Poste Italiane, has joined the Hyperledger blockchain community, Cointelegraph Italia reported on Jan. 29. Hyperledger is a collaborative project led by the Linux Foundation which aims to create open-source standards for blockchain […]
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Japan finance giant SBI Holdings and enterprise software firm R3 have established a joint venture for business expansion in Asia. Japanese financial services company SBI Holdings has officially announced a joint agreement with the United States blockchain consortium R3 to work in Japan, according to a press release published on Jan. 29. Back in December, […]
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The United Arab Emirates’ central bank and the Saudi Arabian Monetary Authority have announced details on the interbank digital currency they are co-developing. The United Arab Emirates’ (UAE) central bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) have announced that the interbank digital currency they are co-developing will be called “Aber.” The news was […]
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Recap of this year’s World Economic Forum (WEF) Annual Meeting. This year’s World Economic Forum (WEF) Annual Meeting has finished, and it’s time to recap the highlights. The forum — held in Davos, Switzerland, as per tradition — lasted from Jan. 22 to 25. Similar to the last year, cryptocurrencies were one of the major […]
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The U.K.’s financial watchdog has released a detailed consultation paper on regulation of crypto. On Jan. 23, the United Kingdom’s Financial Conduct Authority’s (FCA), the domestic financial regulator, released a 50-page-long consultation paper dubbed “Guidance on Cryptoassets.” As the U.K. seems to be moving closer toward rolling out a definitive regulatory framework, it is time […]
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Nouriel Roubini, one of the most notorious cryptocurrency critics, has stated that blockchain is “no better than an Excel spreadsheet.” Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25. Roubini is also known for having predicted […]
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Unit-e brings a fresh angle to blockchain scalability. Amid a seemingly constant stream of new concepts claiming to be key to crypto to breaking through to the financial mainstream, one immovable issue remains ever-present: scalability. The crypto community is abuzz with new projects relating to the issue, from the Bitcoin (BTC) Lightning Network to a […]
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JP Morgan analysts predict that Bitcoin could fall below $1,260, and banks will not benefit from blockchain for another three or five years. Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24. […]
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The Italian Senate committee has approved their first document on the regulation of the blockchain industry. The Italian Senate committee has approved an amendment on blockchain industry regulation, Cointelegraph Italia reports on Jan. 24. The amendment, known as the “Decreto semplificazioni,” has been approved by the Senate committees of Constitutional Affairs and Public Works yesterday, […]
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