Fidelity, the $2.3 trillion investment giant, is testing out a new cryptocurrency service

  • The $2.3 trillion investor announced on Wednesday a partnership between its Fidelity Labs, the firm’s innovation center, and Coinbase, the cryptocurrency exchange serving nearly 9 million customers.
  • As part of the partnership, Coinbase users will be able to view their bitcoin, ethereum, and litecoin holdings alongside their other accounts in their Fidelity Portfolio.
  • “We are trying to create the best customer experience,” Hadley Stern, managing director at Fidelity Labs, told Business Insider.
  • Donations made in bitcoin to Fidelity Charitable, a $16 billion donor-advised philanthropic fund, grew to about $9 million in the first half of 2017.
  • Fidelity’s CEO Abigail Johnson is a bitcoin enthusiast.

Fidelity is testing out a new service to help make life easier for its clients who invest in…
Continue reading “Fidelity, the $2.3 trillion investment giant, is testing out a new cryptocurrency service”

Blockchain and benefits

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • It seems there is also concern in Whitehall about the process by which this trial came to be approved.
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • Their concern is that the payment of benefits is not the right place to start this journey of blockchain exploration.

The UK government faces controversy over an app that tracks how benefit claimants spend their money.
Continue reading “Blockchain and benefits”

Blockchain and benefits

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • It seems there is also concern in Whitehall about the process by which this trial came to be approved.
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • Their concern is that the payment of benefits is not the right place to start this journey of blockchain exploration.

The UK government faces controversy over an app that tracks how benefit claimants spend their money.
Continue reading “Blockchain and benefits”

Blockchain and benefits

#blockchain and benefits - a dangerous mix? - BBC News

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • Image copyright Thinkstock Image caption The government says it will not use the app to keep a record of who spent what
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • It seems there is also concern in Whitehall about the process by which this trial came to be approved.

Read the full article, click here.


@bitcoinagile: “#blockchain and benefits – a dangerous mix? – BBC News”


The UK government faces controversy over an app that tracks how benefit claimants spend their money.


Blockchain and benefits

Blockchain and benefits

Moving government benefits to the #blockchain is exciting, but could also be dangerous:

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • Image copyright Thinkstock Image caption The government says it will not use the app to keep a record of who spent what
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • It seems there is also concern in Whitehall about the process by which this trial came to be approved.

Read the full article, click here.


@sachin_intel: “Moving government benefits to the #blockchain is exciting, but could also be dangerous:”


The UK government faces controversy over an app that tracks how benefit claimants spend their money.


Blockchain and benefits

Blockchain and benefits

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • Image copyright Thinkstock Image caption The government says it will not use the app to keep a record of who spent what
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • But the news sounded alarm bells amongst some of those who have been involved in framing the government’s technology policies.

Read the full article, click here.


@BarryNewWave: “Blockchain and benefits – a dangerous mix? – BBC News”


The UK government faces controversy over an app that tracks how benefit claimants spend their money.


Blockchain and benefits

Blockchain and benefits

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • Image copyright Thinkstock Image caption The government says it will not use the app to keep a record of who spent what
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • It seems there is also concern in Whitehall about the process by which this trial came to be approved.

Read the full article, click here.


@mamoru_io: “Blockchain and benefits – a dangerous mix? – BBC News #blockchain #bitcoin”


The UK government faces controversy over an app that tracks how benefit claimants spend their money.


Blockchain and benefits