Tag Archives: blockchain

  1. Home   /  Posts tagged blockchain" ( Page5 )
27 Oct 0

OverStock Blockchain Stock to open soon

Overstock Blockchain Stock will begin its work in December.

Patrick Byrne, CEO at Overstock, revealed this news today at Money2020, explaining how investors will be able to partecipate to the shares release, as well as the key dates involved in this process.

The initial sale will done as a rights offering, so interested investors will have to hold Overstock stock within 7th November in order to be eligible to receive shares on 10th November.

Then, on 15th November, a subscription period will open, when investors will be able to decide whether they want to take part to the offering.

During his speech, Byrne explained:

“Given our T+3 settlement, you will be a record holder by 10th November… If all goes well, it could be trading by 15th December.”

The announcement comes just a few days after Overstock cryptocurrency group general manager Judd Bagley revealed an upcoming news during a panel session on capital markets. In fact, Byrne suggested that news would be announced in August when he returned to a leadership role at the Overstock company.

Also, Byrne said he believes that the distributed ledger could be a more disruptive force than the Internet.

“My allegiance is not to bitcoin, but the blockchain. Three years ago, I realized the blockchain was going to disrupt a lot of things in our civilization,” he explained to the Money2020 attendees.

At the end of his speech, Byrne also discusses the various technology and business partnerships that allowed Overstock company to create to the forthcoming blockchain stock offer.

You can read more details about the Overstock Blockchain by reading here.

Source: Coindesk

<img src=

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, ,
blockchain, news
3 Sep 0

Visa will test the Blockchain

visa_will_test_the_blockchain

Visa will test the Blockchain

London payment giant Visa will test the blockchain to improve interbank payments. 
In fact, Visa Europe Collab announced today that its innovation lab started to test the distributed ledger with BTL Group.
Together the companies will try to explore how the blockchain and smart contracts can be useful for transactions among banks.
In the press release, co-founder of Visa Europe Collab, Hendrik Kleinsmiede, explained that the two partners wants European banks to join their program to use the technology for live payments.
“We’ll work closely together on the development and implementation of the PoC, ensuring that all participants come away with new knowledge and insight into the role that the blockchain could play in interbank settlements in the future.”
According to an article published on the Financial Times, Visa and BTL will try to finish the project within 100 days.
This is not the first project that sees Visa Europe Collab using the blockchain.

In July, Visa revealed a micropayments trial and a project to extend the reach of traditional payments.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
, , , , , ,
blockchain, blockchain technology, btl group, kleinsmiede, scalable, security, visa
14 Jul 0

Russian Party accepts Bitcoin

Russianpartyacceptsbitcoin.jpeg

Today reports explain that a minor political Russian party accepts bitcoin donations.

The center-right party created back in 2009 called the Party of Growth, in fact, will accept donations in the cryptocurrency. 

This news originally appeared on Interfax and TASS, two magazines about Russia and that cover remarks from Boris Titov, the head of the Party of Growth and advisor to Russian President Putin for business-related issues.

Why the Russian Party accepts Bitcoin 

According to these magazines, Titov explained that the party need funds from new sources, including crowdfunding and bitcoin – but only from people with verified identity, he continued. 

In fact, the party wants to promote the acceptance of the digital currency within its own country.

To do so, the party will also create a legislation that will be able to simplify the technology adoption and development in Russia.

“Russia can take advantage of the difficult economic situation that has developed today for us to become a very profitable country open to blockchain.”

Currently the party of Growth doesn’t hold any seats in the Duma, but it has two representatives in Russia’s regional legislatures.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , ,
Articles
12 Jul 0

US Department Homeland Security uses Blockchain

 

The division created after the 9/11 terrorist attacks, US department Homeland Security (DHS) uses blockchain technology to solve security issues.

First announced in a press release published in December, the DHS announced in June that it awarded a prize of $199,000 to the blockchain startup Factom that aims at using the distributed ledger to ensure the security of cameras that monitor US borders.

How US Homeland Security uses Blockchain

This way the blockchain could be helpful for DHS as it aims at building an identity for devices, or a way to extend the company’s ability to monitoring services and devices.

Data privacy program manager Anil John explained to Coindesk:

“The Factom piece is more along the line of these devices exist, but how do we build a picture of the identity of this device over time? The blockchain could be the catalyst that allow us to document the changes”.

Also, he explained that the company wants to learn more about the potential applications of the blockchain.

“For DHS use cases, the projects we’re funding are focused on proving or disproving that security and privacy can be supported by a blockchain-based infrastructure. It is much broader than IoT and identity.”

To do so, DHS gave funding also to projects such as Solarity Solutions, Respect Network and Digital Bazaar.

Universal Wallet

To store in a safe place your digital currencies you need a good wallet such as the one provided by HolyTransaction.

We define it as a “Universal Wallet” as you can store different kinds of digital currencies in a single account.

In the HolyTransaction wallet, in fact, you can store Bitcoin, Ethereum, Dogecoin, Peercoin, Blackcoin and Litecoin in a single account easy to manage.
Open your wallet here for free!

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , , ,
Articles
BNP Paribas Blockchain: banks love the distributed ledger
28 Jun 0

BNP Paribas Blockchain: banks love the distributed ledger

A few days ago BNP Paribas revealed its new project related to the Blockchain: a lab that will study the distributed ledger technology with the goal of building new solutions for data and money management, as well as a tool to help users in case of liquitidity needs.

BNP Paribas Blockchain: a partnership with SmartAngels

Previously this year, BNP Paribas announced its interest in the blockchain technology when it started a partnership with SmartAngels, a crowdfunding platform that will help the bank to develop a project to be launched by the end of 2016.
According to the press release published in April, BNP Paribas would develop a ledger for shares in companies through the blockchain.
Also a few months ago BNP confirmed its interest in the blockchain for financial applications and announced that they were working on their own blockchain called Bizhackathon, that aims at finding use cases for the distributed ledger technology in the banking system.

Growing interest in Blockchain

All the central banks worldwide are expressing their own interest in the distributed ledger and digital currencies.
For example, recenlty we talked about the idea of the Central Bank of Canada to create its own digital currency called CadCoin.
Also, another revevant news on banks and cryptocurrency came yesterday when the Dutch Central Bank revealed its tests on the blockchain. 

Universal Digital Currencies Wallet

If you want to store your bitcoin you may need a secure wallet.
Thanks to our innovative system, you can now open your own wallet here for free and you can store not only Bitcoins but also several other cryptocyrrencies (eg. Peercoin, Ethereum, Dogecoin, etc…) in a universal wallet that is very simple to use.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , ,
Articles
Blockchain Revolutionizing Banking
27 Jun 0

Dutch Central Bank Tests Bitcoin Blockchain

 
Dutch Central bank presented the results of their digital currencies tests whose goal was to better understand the Bitcoin blockchain to adopt it within the main bank institutions.
After this test conducted in 2015 by De Nederlandsche Bank (DNB), the bank presented the results earlier this month.
On 20th June Ron Berndsen, head of the bank’s market infrastructure policy department, explained to Coindesk:
“The general idea was that by adapting the Bitcoin software ourselves we could learn deeper how an actual implementation of the blockchain really works than if we would only perform desk research and go to conferences such as these, no matter how interesting.”

Dutch Central Bank test number one

To do the first test the DNB created a working group who acts as fictional participants in the digital currency world, as they want to replicate how the bitcoin environment seemed in the first two months of its existence.

Also, they sent each other several coins, testing the process.

DNB Second test

“The second DNBcoin prototype takes the other extreme of bitcoin by jumping to the year 2140, the year when the last fraction of the 21 million bitcoins will be issued,” said Berndsen.

For this second test, the team mined all of the DNBcoins in advance, beginning with a block reward of 1 billion of DNBcoins.

“In doing so we were able to generate 3 billion DNBcoins in 30 seconds. In addition, we observed that after all DNBcoins had been generated, blocks could still be mined and added to the blockchain. The reward was reduced to zero but transaction fees were still collected by the miner who finds the next block.”

Blockchain central bank adoption

Central banks are increasing their interest in the blockchain.

Recently, in fact, we talked about several central banks who studied, tested and adopted the blockchain.

For example, you may be interested in the news related to the Central Bank of Canada that revealed its new digital currency called Cadcoin.


Universal Wallet

You are now ready to open a wallet, where you can store Bitcoin and other digital currencies in an easy and safe way.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , ,
Articles
Blockchain Revolutionizing Banking
22 Jun 0

Central Bank of Canada revealed the digital Cad coin

Is Cad Coin the future for Canada?

Yesterday the Central Bank of Canada announced its new project: Cad coin, or the digital version of the Canadian dollar based on the blockchain.
Cad coin is just a part of a greater study about the blockchain, called “Project Jasper”, according to The Financial Times.
Bank of Canada is not the only bank involved: in fact, other important banks such as Bank of Montreal, CIBC, Royal Bank of Canada, Scotiabank and TD Bank are participating to this innovative project.
As you can read on a Forbes post, Bank of Canada is doing tests on a system that allows people to give their cash to the bank that will convert it into Cad coin.

Banks: in love with the Blockchain?

During the last months, we read about several bank projects related to the blockchain and digital currencies.
“The development of modern financial markets is inseparable from the development of financial technology”, said Bank of Russia’s deputy chairman Olga Skorobogatova.
Are these news the proof that banks love blockchain applications or is it just fear?

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , , , , , ,
Articles
20 Jun 0

Why the Ethereum DAO collapse is good for the cryptocurrency

The news of the Ethereum DAO hacker attack is riding high and of course it brings lots of damages for the ethereum investors who stored about $150m of the cryptocurrency.

However, it is always a good behavior to understand and see the other side of the coin, we would say.
In fact, any negative event can allow to have a better environment and more secure technologies.
A similar thing happened with the Mt Gox disaster, when we learned that an exchange must be built with more care and attention.
As Matthew Spoke, co-founder and CEO of blockchain startup Nuco, explained on Coindesk.
“the DAO attack will likely be reversed, as per Vitalik’s proposal; owners of TDT will be able to retrieve their ETH after the proposed hard fork; The DAO will be emptied of its investments; and future distributed autonomous organizations will learn from the lessons”.

Ethereum DAO: what happened?

On June 17th, an unknown hacker (or a group of hackers) stole $60m in Ethereum coins from the DAO, a decentralized autonomous organization that used the Ethereum Blockchain to leverage smart contracts and to provide a platform where people can vote and fund projects.
Previously last week the DAO experienced another issue but it was fixed soon by the open-source community and the Etheruem DAO structure and problem-solving techniques.

Universal Wallet

If you want to have a safe and secure wallet to store your Ethereum, you should visit HolyTransaction. 
Here you can store your Ethereum, but also several other digital currencies including Bitcoin, Litecoin, Dogecoin and more.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , , , , , ,
Articles, Ethereum, ethereum foundation
15 Jun 0

Allianz Test the Blockchain for swaps and bonds

allianz_test_the_blockchain

Allianz test the Blockchain

The insurance company Allianz announced today its use of blockchain smart contracts to manage catastrophe swaps and bonds, which allow users to prevent losses in front of large -scale disasters.
Anyway it could also happen that insurers and investors money could drag on for a few months after the catastrophe.
But thanks to smart contracts the time could be reduced in a few hours, according to an Allianz spokeperson.
In fact, this test – done thanks to a partnership with Nephila company – showed that transactions can be “significantly accelerated and simplified”; it also demonstrated that it could help the increase of marketability for swaps and the growth of opportunities where it is possibile to use blockchain-based smart contracts.
Chief underwriting officer Richard Boyd explained to Coindesk:
“Blockchain technology will increase reliability, controllability and speed for both cat swaps and cat bonds because less manual processing, authentication and verification is needed through intermediaries to confirm the legitimacy of payments and transactions to and from the investors.”
He added:
 
“By replacing manual operations, which are currently embedded across the entire process, delays and the risks of human error are ruled out”.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , , ,
allianz, Articles, blockchain, coindesk, nephila, richard boyd, smart contract
white house 1225488
14 Jun 0

White House Fintech Summit

white_house_fintech_summit
The Bitcoin Blockchain officially reached Capitol Hill, organizing a White House Fintech Summit.
After an event with the American President technological advisors organized last month, now there are more and more meetings and speeches about the blockchain.
Also, a few days ago the White House was theater for a Blockchain Summit, during which there were guests such as Secretary Penny Pritzker, president for economic policy Adrienne Harris, director for digital currencies initiatives at the MIT Media Lab Brian Forde and Matthew Roszak of the Chamber of Digital Commerce.
Held by the Eisenhower Executive Office Building, the event was officially called the “White House Fintech Summit”.
In the audience there were also representatives from companies such as Deloitte, JP Morgan, PayPal and Microsoft.
President Obama’s special assistant Harris published a blog post with the conclusions of this event, you can read it here.
The article, titled The Future of Finance is Now was published on June 10th, the same day of the event, and it contains several ideas and thoughts about fintech and its implications such as people financial health and civil rights.
“Today at the White House, we convened stakeholders from across the financial technology (fintech) ecosystem, including traditional financial services institutions, fintech startups, investors, thought leaders, and policy makers, to discuss how fintech can help advance critical economic policy priorities”.
Recently CNBC said that Barack Obama needs to embrace Bitcoin and Blockchain soon, so maybe this is a good start for the US government to study and implement the distributed ledger.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , , ,
Articles, bitcoin, blockchain, capitol hill, event, summit, white house
« Previous Page Next Page »

Most read articles:

Recent Posts

Archives

Categories

Copyright @ 2020 - HOLY STREET.
Made with ♥ by HolyTransaction