Month: May 2019

May 31, 2019

United States insurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State Farm announced the development in an official press release on May 30. The two insurance titans are using blockchain technology to automate and streamline the subrogation process in insurance claims. […]

Dublin City University has partnered with tech company network Technology Ireland ICT Skillnet to create the country’s first master’s program in blockchain technology. The new educational certification was announced by the Irish government’s Department of Business, Enterprise and Innovation on May 29. The “Master’s in Blockchain: Distributed Ledger Technologies” degree is the culmination of ICT […]

May 30, 2019

Scammers are attempting to hijack the popularity of YouTube crypto content and investors’ hunger to get rich quick to defraud potential victims. This involves tricking someone into downloading a programme under the pretence that they’re actually getting some sort of non-existent Bitcoin multiplying software. Once downloaded, the malware uses several different methods to defraud victims. […]

The Australian Securities and Investments Commission (ASIC) has issued updated regulatory guidance for businesses involved with ICOs and crypto assets. Announced Thursday, the guidance details the legal obligations for cryptocurrency firms under the country’s Corporations Act, the ASIC Act and other laws. “These regulatory requirements are in place to maintain the integrity of Australia’s financial […]

Three of Ireland’s “Big Four” banks are using blockchain tech to verify employees’ credentials. The Bank of Ireland, AIB and Ulster Bank are using a blockchain solution from Deloitte for the pilot initiative, news outlet Fora reported Thursday. The solution, said to be the “first of its kind” in the European financial services industry, has […]

Japan’s House of Representatives has passed a new cryptocurrency bill with additional requests for the government to incorporate into law. JAPAN’S NEW CRYPTO BILL PASSES HOUSE A new cryptocurrency bill officially passed Japan’s House of Representatives, the lower house of the National Diet, on May 21. It was subsequently accepted by the House of Councillors, […]

Weekly peer-to-peer trading volume in the Latin American bitcoin market has been rising steeply, according to data provided by LocalBitcoins.com. The over-the-counter bitcoin trading portal found that Argentina, Chile, Mexico, Columbia, Peru, and Venezuela are posting more offline trading activity than that reported on the global average scale. Measured against their local fiat currencies, the […]

According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in […]

Encrypted instant messaging service Telegram has officially released a test client for its Telegram Open Network (TON), according to files posted on test.ton.org. The newly introduced archive of files available for download is a distribution of a preliminary version of the TON Blockchain Network Lite Client along with the relevant portions of the TON Blockchain […]