N.Y. AG's scrutiny of cryptocurrencies unlikely to stymie a thriving industry

Credit to Author: Lucas Mearian| Date: Fri, 20 Apr 2018 13:30:00 -0700

States and the federal government are increasing their scrutiny of cryptocurrencies in an attempt to bring more transparency to a market where buyers and sellers are anonymous and regulatory oversight is light.

Cryptocurrencies such as Bitcoin, Ether, LiteCoin, and Ripple skyrocketed in value last year as investors sought to get in on what many see as the future of global currency – one that for trade and commerce knows no borders. Bitcoin generated massive hype among investors as its value surged more than 1,900% to nearly $20,000 last year, before tumbling back down below $11,000.

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How blockchain could solve the internet privacy problem

Credit to Author: Lucas Mearian| Date: Mon, 09 Apr 2018 03:00:00 -0700

Fintech firms, software makers, telecom providers and other businesses have joined forces develop a blockchain-based network that will enable anyone to exchange digital credentials online and without the risk of unintentionally exposing any private data.

The companies are part of the Sovrin Foundation, a new nonprofit organization now developing the Sovrin Network, which could enable anyone to globally exchange pre-verified data with any entity also on the network.

The online credentials would be akin to identify information you or I might have in our physical wallets: a driver’s license, a bank debit card or a company ID.

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This is how blockchain might solve the internet privacy problem

Credit to Author: Lucas Mearian| Date: Mon, 09 Apr 2018 03:00:00 -0700

Fintech firms, software makers, telecom providers and other businesses have joined forces develop a blockchain-based network that will enable anyone to exchange digital credentials online and without the risk of unintentionally exposing any private data.

The companies are part of the Sovrin Foundation, a new nonprofit organization now developing the Sovrin Network, which could enable anyone to globally exchange pre-verified data with any entity also on the network.

The online credentials would be akin to identify information you or I might have in our physical wallets: a driver’s license, a bank debit card or a company ID.

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Q&A: Could blockchain professionalize Gmail?

Credit to Author: Kathryn Cave| Date: Tue, 27 Mar 2018 07:42:00 -0700

Despite the constant announcements that email is dead – or, at least, about to die – it is still the most common form of workplace communication. Now, Swiss company Gmelius, which launched in 2016, believes it has come up with a way to counteract some of email’s shortcomings and make it better.

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Blockchain to ‘radically’ transform anti-fraud, anti-money-laundering efforts

Credit to Author: Lucas Mearian| Date: Fri, 23 Mar 2018 03:20:00 -0700

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Could these grain-sized computers using blockchain networks thwart counterfeiters?

Credit to Author: Lucas Mearian| Date: Tue, 20 Mar 2018 10:39:00 -0700

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Study: FinTech, other industries should open blockchain sandboxes and work with regulators

Credit to Author: Lucas Mearian| Date: Wed, 07 Mar 2018 14:11:00 -0800

For regulators to understand blockchain’s cybersecurity benefits and risks, they must first have a deeper understanding of the technology – and businesses hold the key to that, according to new research.

Governments around the world are beginning to increase regulatory oversight of cryptocurrencies, such as bitcoin, which are underpinned by blockchain’s distributed ledger technology. In turn, businesses that use private or “permissioned” blockchain networks are likely to also see more oversight, according to experts.

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SEC eyes crackdown on cryptocurrencies

Credit to Author: Lucas Mearian| Date: Thu, 01 Mar 2018 14:24:00 -0800

The Securities and Exchange Commission (SEC) is cracking down on FinTech companies issuing initial coin offerings (ICOs), and has served dozens of subpoenas and information requests.

The regulatory action is the latest in a series of warnings related to the multi-billion cryptocurrency market and the sale of digital tokens, which in some cases may violate federal laws, according to the Wall Street Journal.

The SEC declined comment on the report.

Cryptocurrencies, or digial tokens such as bitcoin, Ether and Ripple, are based on blockchain technology and have existed in a gray area that allows for cross-border transactions that are far more efficient than traditional fiat-based currencies such as dollars or euros.

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5 ways blockchain is the new business collaboration tool

Credit to Author: Lucas Mearian| Date: Tue, 20 Feb 2018 13:06:00 -0800

While blockchain may have cut its teeth on the cryptocurrency Bitcoin, the distributed electronic ledger technology is quickly making inroads across a variety of industries.

That’s mainly because of its innate security and its potential for improving systems  operations all while reducing costs and creating new revenue streams.

David Schatsky, a managing director at consultancy Deloitte LLP, believes blockchain’s diversity speaks to its versatility in addressing business needs, but “the impact that blockchain will have on businesses in various industries is not yet fully understood.”

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