Intro:
If you think Bitcoin will make any headway in the west, think again. Quantum computing, scale, and permissions from the bank oligarchy is needed for that to happen. Banks and coopted global governments will squash Bitcoin and its brethren.
And frankly you are sorely undereducated if you think in any way a crypto currency is a substitute for Gold.
Trade them to make money, but the choice is between Cryptos and Nasdaq. NOT Cryptos and Gold. - Soren K.
Banks' Blockchain Consortium Picks IBM For Trade Finance Platform
Jemima Kelly - Reuters
Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.
Cryptocurrencies
Bitcoin Scaling: SegWit Passes Emergent Consensus At Last
William Suberg - The Coin Telegraph
Bitcoin miners are now signaling more commonly than ever for Segregated Witness than Emergent Consensus.
FAO: Interesting to watch this.
Vendors
FAO: Giants joining efforts to disrupt the disruptors…?!?
IBM Landed A Big Win In The Race To Sell Blockchain To Wall Street
Oscar Williams-Grut - Business Insider
IBM has been selected to build a new blockchain-based international trading system for a consortium of global banks, a major win for the tech giant in the race to sell blockchain to Wall Street.
FAO: ...nevertheless this is big.
R3 And Four Banks Test Euro Commercial Paper Issuance On Corda DLT platform
Finextra
Enterprise software firm R3 and four of its member banks have built a prototype solution for issuance of Euro Commercial Paper (ECP) on R3’s Corda distributed ledger technology (DLT) platform.
FAO: Another box checked on R3’s long checklist, I suppose.
Minereum's Token Service Makes It Possible to Create Your Own Ethereum Token
Shivdeep Dhaliwal - The Coin Telegraph
Minereum now enables anyone to create their own coin, which could be named after them if they so wished. In order to create your own coin, you can access the first version of the service by clicking here. The cost of the service is 1 MNE (approx $5).
BitPeople
Litecoin’s Charlie Lee Refutes Rumours He Is Satoshi Nakamoto
Charles Dearing - The Coin Telegraph
“Before this gets too out of hand... No, I'm definitely not Satoshi Nakamoto”, says Litecoin’s Charlie Lee in response to rumours that started circulating in the crypto community.
Latest Developments & Agreements
Quantum Computing Key to Secure Blockchain: Carnegie Mellon Chief Scientist
Charles Dearing- The Coin Telegraph
While Blockchain technology is a relatively new innovation, it has been steadily gaining recognition recently. According to Gregory Shannon, Chief Scientist of Carnegie Mellon University, Blockchain is a technology that has now found its way out of the encryption community and into other sectors as well.
Regulation
Lack Of Oversight A Key Challenge For Blockchain: Europex
S&P Global Platts
Lack of oversight in blockchains may be perceived as an advantage but it comes with risks, according to energy exchange association Europex in a new report, Our Vision of an Evolving Energy Sector.
FAO: I can name at least 5 of my daily activities where I am facing risks. You cannot evade confronting with risks. You cannot evolve without taking risks.
Startups, Accelerators & Hubs
Blockchain Research Lab To Combat Financial Fraud In Shenzhen
Chuan Tian - CoinDesk
A group of think tanks and universities are co-launching a new blockchain research lab in Shenzhen, China.
FAO: This can only help, I presume.
Analysis
Ethereum Is Crashing By 20% Right Now After Confidence In Bitcoin Rival Shaken
Evelyn Cheng - CNBC
Bitcoin rival ethereum plunged Monday despite a major exchange's efforts to shore up confidence by announcing a credit for customers who lost money during last week's flash crash.
Something Called Ethereum Is Suddenly All Over The News — Here's What The Bitcoin Rival Is All About
Frank Chaparro - Business Insider
Just when you thought you had your head around bitcoin, along comes Ethereum.
FAO: I really like this definition: “something called Ethereum”...
Other news
FAO: Just take a quick look at this section’s content and send me your first thoughts after reading it...Where do you think we will find ourselves in 5 years from now?
New Cyberattack Goes Global, Hits WPP, Rosneft, Maersk
Giles Turner, Volodymyr Verbyany, Stepan Kravchenko - Bloomberg
A new cyberattack similar to WannaCry is spreading from Europe to the U.S. and South America, hitting port operators in New York, Rotterdam and Argentina, disrupting government systems in Kiev, and disabling operations at companies including Rosneft PJSC, advertiser WPP Plc. and the Chernobyl nuclear facility.
FAO: No comment.
Indian States Look to Launch Blockchain Land Registry Efforts
Wolfie Zhao - CoinDesk
New details have emerged about some of the blockchain applications being pursed by state governments in India.
Blockchain Set To Disrupt Aviation Within 2 Years Claims Accenture
David Reid - CNBC
Consultants in the aerospace industry are backing blockchain technology to drive down the huge cost of plane maintenance.
U.S. Navy Looks To Blockchain Revolution
The Maritime Executive.
The U.S. Navy has revealed plans to trial blockchain technology to bring added security to its manufacturing systems.
Bitspark Embarks On Blockchain Remittance Trial With UN In Tajikistan
Wolfie Zhao - CoinDesk
Blockchain startup Bitspark has revealed is working with the United Nations Development Programme (UNDP) on a trial focused on promoting financial inclusion in Tajikistan.
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