As FinTech continues to reimagine new business models for finance, a high-profile financial regulator believes it can also be used to enforce derivative laws more effectively. J. Christopher Giancarlo, the chairman of the US Commodity Futures Trading Commission (CFTC), highlighted distributed ledger technology (DLT) and how it can automate regulations for derivative markets while speaking at the...
Malta continues to take the lead in the cryptocurrency and blockchain sector with an interesting new development in the educational sector. The University of Malta and the Malta Information Technology Agency have signed an agreement where a fund of EUR300,000 will be made available for those students who wish to pursue their studies in blockchain and distributed ledger technology in the...
The Bank of England remains bearish on bitcoin, but the central bank has announced plans to overhaul its settlement system to allow private payment systems, including those based on blockchains and other types of distributed ledgers, to interface with the platform. Bank of England Governor Mark Carney announced the plans in a speech delivered on Thursday at Mansion House in London, explaining the...
The Bank of England is beginning its Proof of Concept (PoC) to examine its potential in RTGS functionality with decentralized blockchain technology. Providing a resilient, strong, innovative system for the UK in mind, the PoC serves as a response to changes within the fintech industry. The Bank looks to protect financial stability along with embracing innovation while keeping data integrity at...
The vision behind the IOTA Foundation’s distributed ledger protocol, the Tangle, has always been twofold: unlimited scaling and zero fees. Using a unique, non-block based system, the Tangle promises to deliver just that. Since the listing on Bitfinex, the IOTA Foundation has seen incredible growth, both in the form of increases in value as well as striking up several significant research projects...
The IOTA Foundation’s unique protocol, the Tangle, has been making waves in the blockchain space as the team seeks to build a distributed ledger free from the challenges faced by traditional blockchain applications. Amidst entering into several high-profile research and development partnerships, the IOTA Foundation’s coin, MIOTA, saw incredible growth this past week, firmly cementing its place in...
Built using the IOTA Tangle, two students working with NXP Semiconductors earned second place in the inaugural Porsche Innovation Contest on blockchain technology. The project, called FAPSY, beat over one hundred other entries from entrepreneurial teams around the world to claim second place in the automotive company’s first Innovation Contest. The FAPSY Project The team behind the astounding...
The IOTA Foundation has been making waves in the distributed ledger and IoT worlds, with its innovative approach to solving the scalability issues traditionally faced by blockchain-protocols. The Tangle, IOTA’s direct acyclic graph-based distributed network, has demonstrated the power and flexibility founder David Sonstebo set out to deliver. As IOTA has grown along with interest in decentralised...