REUTERS SUMMIT-Blockchain sends banking regulators back to basics

REUTERS SUMMIT-#blockchain sends banking regulators back to basics #Politics #London #Banks

  • “Taking China out of the picture, I’d laugh at anyone who says fintech is posing right now any material risk in any market,” Scandurra said.
  • Regulators are now asking whether the blockchain computing process, which underpins the digital currency bitcoin, will have an impact on how they protect consumers and keep the financial system stable if something goes wrong, the Reuters Financial Regulation Summit heard this week.
  • But if blockchain takes off, applying existing anti-money laundering, securities trading and consumer protection rules may be all that’s needed for now, regulators said.

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@bitcoinagile: “REUTERS SUMMIT-#blockchain sends banking regulators back to basics #Politics #London #Banks”


*Regulators start to look at fintech innovation. LONDON/ HONG KONG, May 20- The’ fintech’ sector hoping to revolutionize finance with the adoption of blockchain, or distributed ledger technology, is forcing global financial regulators to start looking at whether they need to change the rules governing markets and banking. Andrew Bailey, deputy governor of the…


REUTERS SUMMIT-Blockchain sends banking regulators back to basics

Company run entirely on blockchain code has raised $120M in record crowdfunding

  • The DAO – an acronym of decentralised autonomous organisation, the name given to such entities – has been set up to invest in other businesses, making it a form of investor-directed venture capital fund.
  • Its investors will vote on what to do with the money after fundraising ends on May 28, after choosing between proposals submitted to its website.
  • Asked how the autonomous organisation could ensure it was not being used for money-laundering by its anonymous investors, Mr Jentzsch said a vehicle had been set up in Switzerland to facilitate The DAO’s investments in other companies, since Swiss law makes it possible to “take money from an unknown source as long as you know where it’s going”.

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@AJZBernard: “Company run entirely on blockchain code has raised $120M in record crowdfunding”


An automated business run on computer code, with no human input beyond its anonymous backers, has raised the equivalent of $120 nillion in digital currency, the FT reports.


Company run entirely on blockchain code has raised $120M in record crowdfunding

EgyptAir missing plane MS804: Live updates

Egypt armed forces say they have found debris from #EgyptAir flight 804 in the Mediterranean

  • Egyptian officials: Debris found
  • — Plane swerved sharply then plunged from 37,000 feet to 10,000 feet after entering Cairo airspace, Greek officials say.
  • — Cause of crash is more likely terrorism than technical fault, Egyptian and U.S. officials believe.

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@CNN: “Egypt armed forces say they have found debris from #EgyptAir flight 804 in the Mediterranean”


EgyptAir Flight 804 wreckage has been found by Egyptian forces in the Mediterranean, the military says — see rolling updates here.


EgyptAir missing plane MS804: Live updates

How blockchain will defend the Internet of Things

  • How blockchain will defend the Internet of Things
  • ‘Blockchain is a secure means of protecting financial data but flexible enough to be applied to any high-stakes record keeping’
  • The Internet of Things is still a new industry, but it will become more pervasive and significant as technological innovations turn science fiction into people’s everyday lives.

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@Absolutdata: “How blockchain will defend the internet of things via @InformationAge #BigData #Analytics #IoT”


Blockchain will empower the Internet of Things and enable the creation of identity chains that help prevent spoofing


How blockchain will defend the Internet of Things

CoinURL

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@Bitcoin_Latest: “Re: Towards better consumer protection in bitcoin: Quote from: belcher on October 06, 2015, 12:35:28… #bitcoin”



CoinURL

Thunder, Lightning and Interledger — Medium

  • Payment channels can be chained together and the alpha implementation includes a crude routing mechanism to allow payments to move between nodes that do not have a direct payment channel established between them.
  • It is efficient, fast and has very low fees but it is still a network just like any other payment network in that to use it you need to connect to it directly, and in the case of Thunder you only transact in bitcoin.
  • The promise of Thunder is a new high-speed low-cost route for payments, that are settled via Bitcoin and that could form a very competitive link in a chain of Interledger payments.

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@rafalkoko: “#Thunder, #Lightning and Interledger
Fixing Bitcoin’s speed issues may be the key to using it with #Interledger

#IoV”


Fixing Bitcoin’s speed issues may be the key to using it with Interledger


Thunder, Lightning and Interledger — Medium

This tiny country is the most technologically advanced in the world

  • By the way, Estonia uses the euro.
  • Opinion: the tiny country is the most technologically advanced in the world
  • Estonia, in the Baltics, has completely transformed its economy by supporting startups

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@lordcedric_com: “#partechventures: Estonia, the most technologically advanced in the world #banking #blockchain MarketWatch …”


Estonia, in the Baltics, has completely transformed its economy by supporting startups, writes Jurica Dujmovic.


This tiny country is the most technologically advanced in the world

Barclays quietly shuts down several bitcoin exchange PingIt accounts • /r/Bitcoin

  • Barclays quietly shuts down several bitcoin exchange PingIt accounts
  • Almost all Bitcoin wallets rely on Bitcoin Core in one way or another.
  • You can also use Bitcoin Core as a very secure Bitcoin wallet.

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@RedditBTC: “Barclays quietly shuts down several bitcoin exchange PingIt accounts”


reddit: the front page of the internet


Barclays quietly shuts down several bitcoin exchange PingIt accounts • /r/Bitcoin

spinte7’s Idea

Best time to go long!  · #bitcoin

  • Follow Whaleclub on Twitter or Facebook for more real-time trade ideas like this.
  • spinte7 Best time to go long!
  • Please enable JavaScript to view the comments powered by Disqus.

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@whaleclubco: “Best time to go long! · #bitcoin”



spinte7’s Idea