The big Silicon Valley venture capitalists are some of the major backers of crypto and blockchain startups. Andreessen Horowitz, Union Square Ventures and a host of others have invested in notable projects like Tezos, Bancor etc. Now, they are looking to step in and limit the dragnet being cast over crypto and blockchain projects by regulatory agencies in the U.S.
According to a report on the Wall Street Journal, officials of notable Silicon Valley venture capital firms had a meeting with the Securities and Exchange Commission (SEC) in March 2018. Unnamed sources with insider knowledge claim the meeting was about laying the argument that excessive regulations could harm the industry and slow the pace of useful blockchain innovations.
Continue reading Silicon Valley Lobbying for Less Cryptocurrency Regulations
ElaadNL, a firm focused on developed smart charging solutions has launched its first ever smart charging station. The Netherlands-based firm made the announcement via a company blog post introducing the smart charging station. The newly launched station is capable of machine to machine (M2M) communication over an IOTA network implementation. The charging station is part of the new ElaadNL test site which is based in Arnhems Buiten, a business park in the former KEMA site. The test contains numerous charging stations that have become ubiquitous in public areas all over the country.
Continue reading World’s First IOTA Smart Charging Station Goes Live in the Netherlands
Russia’s Roskomnadzor, or The Federal Service for Supervision of Communications, Information Technology and Mass Media has begun blocking millions of IP addresses in an effort to shutdown Telegram, a popular messaging app, in Russia. According to Reuters, the ban comes in response to Telegram’s refusal to hand over encryption keys to user messages after an April 13 court order from a Moscow court demanded access to user encryption keys to combat with terrorism.
Continue reading Millions in Bitcoin Donated to Fight Russian Privacy Threat
Christine Lagarde, the head of the International Monetary Fund (IMF) has declared that Bitcoin and other cryptocurrencies could safeguard the global financial system. According to the IMF boss, the prospects of inevitable accidents aside, revisiting cryptocurrencies could benefit the mainstream financial market by harnessing gains and avoiding pitfalls. These statements come as politicians and bankers from all over the world have converged on Washington DC for the 2018 Spring Meeting of the IMF and the World Bank.
Continue reading Bitcoin has the Potential to Safeguard the Global Financial System, says IMF Boss
Recently in the news for its decision to enter the ASIC chip manufacturers’ arena, Samsung is contemplating life on the blockchain in other ways as well.
The North Korean giant is a virtually ideal case study in blockchain management of supply and logistics. Samsung’s extensive network of component and service suppliers and it’s massive reach across the globe have management contemplating a blockchain construct to optimize their operations.
Continue reading Samsung Eyes Blockchain Technology to Ease Operations
The city of Austin, Texas is getting ready to implement a pilot blockchain platform that will enable it to better manage the homeless population. The blockchain platform has been specifically designed to help homeless people in the city with regard to effective identity management. The platform is part of a competitive grant created by a collaboration between the city and Bloomberg Philanthropies. Austin is one of 35 cities that has received grants for blockchain pilot programs and the top city stands the chance of winning an additional $5 million.
Continue reading Austin Set to Implement a Blockchain-Based Identity Management System for the Homeless
Dustin Walper, the founder of Akira, the popular telehealth startup is set to make the move to the cryptocurrency scene. Having left Akira less than a year ago, Dustin Walper has launched Newton, his first foray into the cryptocurrency market. He becomes the latest in a growing list of seasoned entrepreneurs who are attempting to break into the cryptocurrency market. Akira was acquired by Right Health, a virtual healthcare service startup in 2017.
Continue reading Akira Founder Launches Cryptocurrency Trading Platform
Ripple is looking to extend its VC capacity and bankroll “clever” entrepreneurial users who can develop viable businesses on its blockchain platform, according to a company spokesperson.
The company said on April 11, 2018, that those who can find additional uses for the platform would find welcome aid in the form of a fund set up to facilitate startup blockchain businesses. The company owns around 60 billion of the total 100 billion Ripple tokens ever issued and it is plowing $25 million back into viable entry-stage ideas from budding entrepreneurs.
Continue reading Ripple to Invest $25 Million to Next Great App Like Uber
Blockchain technology continues to attract a lot of attention from diverse groups ranging from government to corporate organizations, and even entrepreneurs. While cryptocurrency might have an altogether bad reputation in mainstream circles, blockchain technology is looked upon with keen interest as it has the potential to transform many aspects of human life. To this end, a lot of time and money has been invested in research activities targeted at discovering innovative blockchain solutions for some of the biggest issues affecting the world today.
Continue reading 22 EU Countries Form Blockchain Partnership, Will Invest $350 Million in Blockchain Projects
Blockchain technology has since its emergence, been identified as having the potential to disrupt and transform several business processes. The decentralized network architecture that is the fundamental operating philosophy of the blockchain creates a situation that challenges the status quo in many mainstream markets. Most of the blockchain related headlines are usually stolen by cryptocurrency news, but somewhere in the background, blockchain technology appears to be causing a radical shift in the digital marketing scene.
Continue reading Blockchain Based Social Media Platforms Are Gaining Users From Rival Platforms