Australian Government Pledges Measly $100K Towards Blockchain Development

Australia’s Karen Andrews of the Ministry for Industry, Science and Technology is pledging $100,000 towards furthering blockchain development. In a press release, Andrews says her department will put the money towards “regulation, skills and capacity building, and international competitiveness and collaboration.” It’s a solid step forward in the nation’s fight to become a global blockchain leader. Unfortunately, the funds are significantly lower than previous offers like one billion AUD towards IBM’s blockchain developments for Australia’s government. The move leads enthusiasts to question what impact such a tiny sum could really…

House GOP Leader McCarthy Says US Govt. Must Go All-In on Blockchain

Republican House Minority Leader Kevin McCarthy (R-CA) is sounding a lot like a tech entrepreneur these days. In a plea before a select committee on March 12 introducing ideas for Congress to prioritize in the 21st century, the GOP leader made his case for integrating blockchain technology into the government’s day-to-day operations. Kevin McCarthy: U.S. Government Should Dive Head-First into Blockchain McCarthy fell short of proposing that they use a public crypto network such as Ethereum, for instance, suggesting instead that the U.S. government build its own blockchain. He is,…

Blockchain Startup CEO Kidnapped in Kiev

Sunday, a Ukranian blockchain CEO got kidnapped in Kiev. Gregory Kucherkov is the CEO of Cornerstone, an effort to fund real estate investment with a blockchain token. Conerstone is planning an ICO. CCN received a tip from COO Fedir Martynov, and reached out to him by phone. Martynov tells us that the firm has already raised some capital for its ICO in a private sale, and they and the local police believe this may be the motive for the kidnapping. Currently Cornerstone is preparing for an ICO, and has already…

Pro-Bitcoin Square Headlines London Stock Exchange’s Blockchain ETF

Invesco, an American firm, and Elwood, a British digital asset investment company, announced the launch of a blockchain ETF on the London Stock Exchange today. The exchange-traded fund features 48 companies with ties to the blockchain industry, including some – like Square – that have dabbled directly in the bitcoin or crypto space. Invesco & Elwood Team up for UK Blockchain ETF The London Stock Exchange just listed a blockchain ETF, providing investors with broad exposure to companies that are active in the crypto space, including Square and Overstock. |…

As the Blockchain Hype Dies, Why Should We Care About Practical TestNets?

The blockchain era has largely been defined by grandiose promises and ambitions, but little to show for it. For most companies, even those that successfully complete ICOs, we usually hear loud guarantees of life-changing and revolutionary technology. In the end, however, these “game-changers” end in the same place most others do, the dustbin of history. Reports of a vast majority of blockchain projects fizzing out or simply vanishing have become common, and those applications still around are forced to shoulder the burden and standard of the industry. In this climate,…

‘Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud

Cutting-edge blockchain ATM prototypes are being rolled out in Saudi Arabia with a unique take on granting users access to funds. The ATMs use biometric scanners to scan the face of each account holder as part of a five-factor authentication process secured by a blockchain app being used by the largest ATM provider in the Middle East. Biometric Facial Recognition With Blockchain Face-scanning verification has the potential to make PIN codes obsolete. Source: CCN / Conor MaloneyThe ATMs are the result of a partnership between Alhamrani Universal (AU) and blockchain…

Blockchain-for-Banks Startup Switches From Hyperledger to R3’s Corda

MonetaGo, a software development company that builds private blockchains for financial institutions and central banks, has decided to change its underlying architecture from Hyperledger Fabric to R3’s Corda platform. The New York-based firm, which has been testing its blockchain-based anti-fraud platform for receivables financing in India, cited concerns with how Hyperledger Fabric would scale up once large numbers of participants joined the system.  MonetaGo CEO Jesse Chanard told CoinDesk, “As we looked at the different scalability pieces of Hyperledger, we saw that it could get challenging, at least at the current throughput…

Digital Asset’s Europe Head Is Latest to Leave Enterprise Blockchain Startup

The upheaval continues at enterprise blockchain company Digital Asset (DA), with the news that Gavin Wells will step down from his role as head of Europe next month. Oliver Hugh-Jones, head of business development for Europe, will assume all of Wells’ client-facing responsibilities, a spokeswoman for DA confirmed to CoinDesk Thursday. Wells’ departure was reported earlier by Risk, a financial industry publication.   “I joined Digital Asset to learn about the technology, but I stayed because of the people I met there,” Wells told the magazine. It is not clear where…

Apple Taps Blockchain to Ethically Manufacture Your iPhone, Macbook

When you think of Apple, you think iPhone, iPad, or even privacy concerns. You probably don’t think conflict minerals used in the manufacturing of its devices or how blockchain could prove the cure for an ethical supply chain. Well, you should. The tech giant has filed a report with the U.S. Securities and Exchange Commission indicating it is studying ways to implement Blockchain in some form or fashion. Reading Between The Lines Apple submitted a filing called the “Conflict Minerals Report; Summary of Apple’s Commitment to Responsible Sourcing.” In the…

Germany Explores Blockchain Strategy as Bitcoin Wars Heat Up

Germany ― Europe’s largest economy ― may be hopping on the bitcoin bandwagon as it explores how to deploy blockchain across various industries. The German government has launched a consultation process in a bid to formulate a comprehensive blockchain strategy before the summer begins. Berlin is a tech hub that’s home to 170 startups that could use blockchain, the technology underpinning bitcoin. Government sources told Reuters that industry groups and companies have been invited to offer their recommendations for incorporating blockchain to bolster the German economy. Sources say there is keen…