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”.

Read the full article, click here.


@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.

Read the full article, click here.


@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.

Read the full article, click here.


@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

Read the full article, click here.


@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.

Read the full article, click here.


@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

Read the full article, click here.


@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.

Read the full article, click here.


@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