European Central Bank is Open to Blockchain Technology

The European Central Bank (ECB) has revealed that it is taking a close look at exploring the potential of blockchain technology for a multitude of services that it helps collaborate with other central banks in Europe. The European Union’s central bank has, in a report, revealed that it is looking toward new innovations such as […]

Ransomware Extortionists Land $17,000 in Bitcoin

A cyberattack targeting a Hollywood hospital laced with ransomware malware has been making rounds in mainstream news circles recently. In a separate incident, the Horry County school system in North Carolina was also struck by a ransomware cyberattack. The cyberattack on Hollywood Presbyterian Medical Center lasted nearly a fortnight after beginning on 5 Feb, with […]

UN Working Paper Explores How the Blockchain Can Empower Global Communities

More and more high profile financial and political institutions are taking notice of the blockchain technology of distributed ledgers, starting internal investigations and issuing position papers. In January, Bitcoin Magazine reported that the International Monetary Fund (IMF) released a paper titled “Virtual Currencies and Beyond: Initial Considerations” at the World Economic Forum in Davos. Similar […]

Ukraine Government Plans to Trial Ethereum Blockchain-based Election Platform

A group of Ukrainian officials signed a memorandum late last week to move multiple levels of elections to the Ethereum blockchain using E-vox, a platform developed by Ambisafe. The goal of this memorandum is to create “a decentralized, transparent and accessible system for group decisions making [sic] via blockchain-based instruments” for political primaries, elections and […]

Bitcoin Core Developer Eric Lombrozo: Many Incentives to Implement SegWit

Although Segregated Witness (SegWit) has near-universal support from the Bitcoin development community, there are some who say the changes required by individual wallet providers may be a bit too much to handle. But on a recent episode of Epicenter Bitcoin, Bitcoin Core Contributor and Ciphrex CEO Eric Lombrozo indicated that the complexities involved with these […]

IBM Goes Big on Blockchain

With a range of announcements, IBM has pushed for the quick adoption of blockchain technology among enterprise and multiple industries with several newly revealed initiatives and commitments. In a press release today, International Business Machines (IBM) has thrown its weight in fully backing and pushing distributed ledger or blockchain technology for real world applications. Chief […]

Paper Compares Blockchain to Uber and Airbnb as a Job Killer in Finance

In a paper titled “Field Confrontation, Between Capital and Labor – Emancipation and Alienation,” the future of blockchain is pontificated on and the main aspects of what it seems to offer. They talk about blockchain technology as a complete re-structuring or destruction event of the job market as we know it – especially in the world […]