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Archive for the ‘bitcoin’ category

Sep 25, 2020

How China Is Closing In on Its Own Digital Currency

Posted by in categories: biotech/medical, bitcoin, business, cryptocurrencies, economics, mobile phones

While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with — and control of — a rapidly digitizing economy. Trials have been held this year in a handful of cities and tests have started with some e-wallets and online apps, with the Covid-19 pandemic and need for social distancing providing a new sense of urgency. Unlike cryptocurrencies such as Bitcoin, dealing in the digital yuan won’t have any presumption of anonymity, and its value will be as stable as the physical yuan, which will be sticking around too. Behind China’s rush is a desire to manage technological change on its own terms. As one PBOC official put it, currency isn’t only an economic issue, it’s also about sovereignty.

Not all the details are out, but according to new patents registered by the PBOC and official speeches, it could work something like this: Consumers and businesses would download a digital wallet onto their mobile phone and fill it with money from their account at a commercial bank — similar to going to an ATM. They then use that money — dubbed Digital Currency Electronic Payment, or DCEP — like cash to make and receive payments directly with anyone else who also has a digital wallet. Some questions remain, including the impact on Big Tech companies such as Ant Group Co. and Tencent Holdings Ltd. that already offer payment services.

Sep 23, 2020

‘New blueprint for the future’ marries IoT and AI on the blockchain

Posted by in categories: bitcoin, robotics/AI

A project is aiming to create a “new blueprint for the future” that marries IoT and artificial intelligence, all through the adoption of blockchain technology.

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Sep 11, 2020

Blockchain platform commercializes digital bank guarantees in Australia

Posted by in categories: bitcoin, business, finance

The Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac and a group of 20 Australian businesses.

Banks are expected to issue bank guarantees in just one day once they implement Lygon compared to the current paper-based guarantees that can take a month. The three Australian banks and retailers Scentre Group and IBM are planning to expand the Lygon platform for commercial use, according to a report on Sept 1.

A bank guarantee is a type of financial backstop offered by a lending institution. The bank guarantee means that the lender will ensure that the liabilities of a debtor will be met. The financial guarantees are said to be needed as part of retail property leases and from this month. Lygon chairman Nigel Dobson added that:

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Sep 9, 2020

Blockchain-powered ‘Smart Brain’ to govern China’s new ‘Aerospace City’

Posted by in categories: bitcoin, governance, government, information science, robotics/AI, satellites

Singapore-based blockchain data firm CyberVein has become one of 12 firms participating in the construction of China’s Hainan Wenchang International Aerospace City. Construction commenced last month, with the site previously hosting a satellite launch center. Described as “China’s first aerospace cultural and tourism city,” it will be a hub for the development of aerospace products and support services intended for use in Chinese spacecraft and satellite launch missions. The 12-million-square-meter facility will host the country’s first aerospace super-computing center, and will focus on developing 40 technological areas including big data, satellite remote sensing and high precision positioning technology. CyberVein will work alongside major Chinese firms, including Fortune 500 companies Huawei and Kingsoft Cloud, and will leverage its blockchain, artificial intelligence and big data technologies to support the development of the city’s Smart Brain Planning and Design Institute.”


Blockchain firm CyberVein is partnering with the Chinese government to build a blockchain-powered governance system for its aerospace ‘smart city.’

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Sep 4, 2020

Blockchain and Money

Posted by in categories: bitcoin, economics, finance, policy

This course is for students wishing to explore blockchain technology’s potential use—by entrepreneurs and incumbents—to change the world of money and finance. The course begins with a review of Bitcoin and an understanding of the commercial, technical, and public policy fundamentals of blockchain technology, distributed ledgers, and smart contracts. The class then continues on to current and potential blockchain applications in the financial sector.

Sep 3, 2020

Optimising the Everyday with The Spatial Web

Posted by in categories: augmented reality, bitcoin, cybercrime/malcode, internet, robotics/AI

Amanda Christensen, ideaXme guest contributor, fake news and deepfake researcher and Marketing Manager at Cubaka, interviews Dan Mapes, PhD, MBA co-founder of VERSES.io and co-author of The Spatial Web: How Web 3.0 Will Connect Humans, Machines, and AI to Transform the World.

Amanda Christensen Comments:

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Aug 29, 2020

Universal basic income, blockchain and more: Reimagining the next decade

Posted by in categories: bitcoin, economics

“If people don’t have money in their pockets, then this type of economy that we have can’t work,” says Wharton professor Mauro Guillén.

Aug 28, 2020

Neo Joins Coinbase-led Blockchain Framework

Posted by in category: bitcoin

Coinbase-led Rosetta, an open-source set of tools to help developers integrate other blockchains into their services, just got a new signup: Neo, a blockchain platform that is itself focused on interoperability.

Rosetta, which launched on June 17, is a standardization tool to make it easier for blockchains to speak to each other. Each blockchain is different, making it difficult and time-consuming for crypto project developers to integrate other blockchains.

“The process requires careful analysis of the unique aspects of each blockchain and extensive communication with its developers to understand the best strategies to deploy nodes, recognize deposits, and broadcast transactions,” wrote Neo in a blog post today. “Project developers spend countless hours answering similar support questions for each team integrating their blockchain, rather than spending time working on their blockchain.”

Aug 23, 2020

Miners on Decentralised Storage Network Compete For 4 Million Token Prize

Posted by in categories: bitcoin, space

Filecoin, a blockchain-based decentralized storage project, is officially launching its testnet- Space Race to test out the network before the mainnet launch.

As promised, Filecoin will start its testnet launching competition. It encourages global miners for the next three weeks to be competing for up to four million Filecoin in prizes to onboard as much storage space to the network as possible, says the report. The contest begins on August 24 at 10 pm UTC.

The top 100 miners globally, and the top 50 miners from each continent, will use the earned Filecoin rewards to jump-start their mainnet mining efforts based on how much storage they and the network achieve during the competition. People can also track their progress on the testnet main website.

Continue reading “Miners on Decentralised Storage Network Compete For 4 Million Token Prize” »

Aug 14, 2020

YouTube is under attack

Posted by in categories: bitcoin, cryptocurrencies, Elon Musk, space travel

First Twitter and now YouTube is under attack by hackers promoting Bitcoin scams through live broadcasts using old Elon Musk speeches and a fake broadcast of the launch that SpaceX and NASA made last week. The hackers appear to have compromised several high-profile YouTube channels and today the account of youtuber Jon Prosser was the object of this attack, his channel is broadcasting with 40 thousand viewers and the attackers have already received around 4 thousand dollars in Bitcoins.

It may also interest you: What are cryptocurrencies?

Last week there were several reports that people who wanted to see the launch of the SpaceX clicked on videos that looked official and that they were posted by seemingly legitimate YouTube channels with hundreds of thousands of subscribers and were found with messages from “Bitcoin giveaway” urging them to send Bitcoin for double cash back, a common scam tactic. Today Jon Prosser reports that something similar is happening on his channel.

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