PwC And Bitt Partner Up To Improve Bitcoin and Blockchain Presence In The Caribbean ⋆ Epeak . Independent news and blogs

  • This includes advice related to advancements of Bitt services, including the use of bitcoin and other digital currencies.
  • Moreover, the Caribbean has been introduced to convenient bitcoin wallet services.
  • PwC Partner Oliver Jordan commented on this MOU as follows:

    “We have agreed to work alongside Bitt on future institutional blockchain technology implementations by, for example, central banks, commercial banks and government institutions throughout the region because not only does blockchain offer the promise of cost reduction and efficiency, but it could also enable revenue growth, and higher-quality service.

  • Across the PwC Global network, we have already seen enormous potential for blockchain to deliver substantial value to financial services – and we intend to continue to lead the way across the financial services landscape in the Caribbean.”
  • Additionally, there is tremendous potential for blockchain technology in the financial services industry.

The future of bitcoin is looking bright in Barbados right now. Bitt, a local fintech company, signed a memorandum of understanding with PwC. As a result, b
Continue reading “PwC And Bitt Partner Up To Improve Bitcoin and Blockchain Presence In The Caribbean ⋆ Epeak . Independent news and blogs”

Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

  • The Bank of England has produced several research papers on the topic.
  • If the central banks succeed, it would be one of the greatest unexpected twists in new technology: An invention aimed at dethroning central banks and making it harder for money to be tracked instead ends up empowering those central banks and making money more easily traceable.
  • Most financial institutions and central banks are looking at distributed ledgers that would be maintained on the computers of all the major players in the financial system, including the central bank and the biggest financial institutions.
  • Critics of blockchain technology have noted the apparent contradiction in central banks’ looking to distributed ledgers.
  • The distributed ledgers being considered by the financial industry and central banks would generally allow only a small number of registered entities to join in and take part in the network.

Central banks view the technology behind the virtual currency as a possible way to compete and record transactions, or to issue their own currencies.
Continue reading “Central Banks Consider Bitcoin’s Technology, if Not Bitcoin”

Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

  • The Bank of England has produced several research papers on the topic.
  • If the central banks succeed, it would be one of the greatest unexpected twists in new technology: An invention aimed at dethroning central banks and making it harder for money to be tracked instead ends up empowering those central banks and making money more easily traceable.
  • Most financial institutions and central banks are looking at distributed ledgers that would be maintained on the computers of all the major players in the financial system, including the central bank and the biggest financial institutions.
  • Critics of blockchain technology have noted the apparent contradiction in central banks’ looking to distributed ledgers.
  • The distributed ledgers being considered by the financial industry and central banks would generally allow only a small number of registered entities to join in and take part in the network.

Central banks view the technology behind the virtual currency as a possible way to compete and record transactions, or to issue their own currencies.
Continue reading “Central Banks Consider Bitcoin’s Technology, if Not Bitcoin”

Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

  • The Bank of England has produced several research papers on the topic.
  • The Bank of Canada teamed up with the nation’s five largest banks – and the blockchain consulting firm R3 – for what was known as Project Jasper.
  • Critics of blockchain technology have noted the apparent contradiction in central banks’ looking to distributed ledgers.
  • If the central banks succeed, it would be one of the greatest unexpected twists in new technology: An invention aimed at dethroning central banks and making it harder for money to be tracked instead ends up empowering those central banks and making money more easily traceable.
  • Mark Carney, the head of the Bank of England, and perhaps the most prominent champion of distributed ledgers, has said that the technology could be worth using for central banks because it would make for a financial system that does not go down even if the central bank’s computer systems are temporarily taken offline.

Bitcoin was created by libertarian-minded programmers with a deep suspicion of central banks and the national currencies they issue.
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Bitcoin and blockchain seem more and more like solutions looking for a problem

#bitcoin and #blockchain seem more and more like solutions looking for a problem   #Residua…

  • What’s more, efforts to adapt blockchain tech to replace legacy financial systems by the world’s biggest banks seem to be hitting roadblocks.
  • The group told the Wall Street Journal that departures were to be expected, and the banks say they will continue to work on blockchain tech independently.
  • President-elect Donald Trump asserted Sunday that he would have won the US popular vote were it not for “millions of illegal” ballots, while dramatically sharpening his criticism of a recount in Wisconsin, calling it “a waste of time.
  • Honey G said her time on X Factor was ‘life-changing’.
  • Bitcoin and blockchain seem more and more like solutions looking for a problem

The bitcoin and blockchain world is in a bit of an investment slump. Venture money flowing into startups working on cryptocurrencies or the technical principles underpinning them, generally known as blockchain technology, is getting harder to come by, according to data from trade publication CoinDesk
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Blockchain bandits hit crypto start-ups

  • Many of the attacks are aimed at the wallets where the digital cash is kept, but others have gone after the blockchains they use to keep track of transactions.
  • Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton – a services firm based around a variant of Bitcoin’s underlying technology, the blockchain.
  • Says Prof Juels, that desire for control and security might limit the ultimate usefulness of blockchains to the banking world.
  • “Banks are interested in blockchains but they are using them in a very rudimentary way,” he says.
  • “There are a lot of malicious actors in crypto-currency right now,” says Ms Kent.

Are hack attacks aimed at the technology behind Bitcoin and other virtual currencies undermining confidence in the digital cash world?
Continue reading “Blockchain bandits hit crypto start-ups”

Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

  • The Bank of England has produced several research papers on the topic.
  • If the central banks succeed, it would be one of the greatest unexpected twists in new technology: An invention aimed at dethroning central banks and making it harder for money to be tracked instead ends up empowering those central banks and making money more easily traceable.
  • Most financial institutions and central banks are looking at distributed ledgers that would be maintained on the computers of all the major players in the financial system, including the central bank and the biggest financial institutions.
  • Critics of blockchain technology have noted the apparent contradiction in central banks’ looking to distributed ledgers.
  • The distributed ledgers being considered by the financial industry and central banks would generally allow only a small number of registered entities to join in and take part in the network.

Central banks view the technology behind the virtual currency as a possible way to compete and record transactions, or to issue their own currencies.
Continue reading “Central Banks Consider Bitcoin’s Technology, if Not Bitcoin”