New Partnership Enables Automatic Bill Payments Using Bitcoin in Australia

Australians wishing to pay their bills in cryptocurrencies do not have to be held back by the fact that their utility or service provider is stuck with traditional methods of payment. This follows the formation of a partnership between two financial technology firms, cryptocurrency exchange Cointree and automated billing platform Gobbill, allowing the payment of

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$23 Billion: Blockchain Pivot to Bring Big Savings for Australia’s Biggest Stock Exchange

The Australian Securities Exchange (ASX) has disclosed that millions of dollars in savings could be generated by Australian firms once the exchange migrates from the existing Clearing House Electronic Subregister System (CHESS) to a blockchain technology-based platform. Currently, it is estimated that the average fee that large investors are charged for clearing and settlement services

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Petro Will Be An Official Alternate Currency in Venezuela

Venezuelan President Nicolás Maduro announced this that the Petro, an oil-backed cryptocurrency that the country launched to work around sanctions in February, will become an official currency for the state oil company PDVSA. By Monday next week, the Petro will become an accounting unit.  According to the Spanish news site ABC, Maduro said in a televised

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India’s Govt Considers Allowing Crypto Tokens for Metro Cards, Airline Tickets: Report

India’s government is reportedly mulling the launch of crypto tokens of its own for financial transactions in the country despite an ongoing banking ban on decentralized cryptocurrencies. An inter-governmental committee tasked to study and propose a regulatory roadmap for the cryptocurrency sector is also examining the usability of crypto tokens in the public sector, domestic

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NY BitLicense Chief Clashes with U.S. Treasury over Fintech Banking Charters

The New York State Department of Financial Services (DFS) has stated its opposition  to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters, according to a statement on its website by Maria T. Vullo, DFS superintendent and overseer for the state’s BitLicense regime. The

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Factom Files Patent for Validating Documents on the Blockchain

Factom (FCT) has filed a new patent today with the U.S. Patent & Trademark Office that allows verification of documents on a blockchain with multiple digital signatures The patent comes during a frenzy of blockchain patent applications from other incumbents, including IBM, Mastercard, and Walmart. Auditing Digital Documents with Multi-Signatures The patent claims the concept:

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Bit by Bitcoin: Square’s Cryptocurrency Profits Doubled in Q2

Bitcoin and other cryptocurrencies may have continued to endure a bear market during the second quarter of 2018, but that did not stop digital payments firm Square from recording a 100 percent increase in BTC profit over Q1. Square, which added bitcoin trading to its peer-to-peer payments app toward the end of last year, reported

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U.S. Blockchain Spending in 2018 Has Already Eclipsed All of Last Year

KPMG released its bi-annual “The Pulse of Fintech” report detailing a large increase in blockchain business spending in 2018. Blockchain Moves Beyond Experimentation KPMG, one of the largest tax advisory service firms in the world, reviewed spending for businesses around the world for the report., which showed a large uptick in large investor interest (such

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Mount Sinai Hospital Opens a Blockchain Lab for Biomedical Research

The Icahn School of Medicine at Mount Sinai has opened a dedicated blockchain laboratory to explore its potential use case in healthcare applications. The Center for Biomedical Blockchain Research (CBBR), as the lab, is called, will scholastically evaluate blockchain-enabled solutions, while providing partnerships and consulting services with companies working on these projects. The solutions in

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Thai Bond Market Association to Incorporate Blockchain Technology

The association announced it’s pushing for a fintech platform using blockchain technology. The new registrar system will cut issuance times in more than half. The Thai Bond Market Association (TBMA) plans to implement a new registrar service platform combining financial technology with blockchain technology. There are ongoing plans to put it to practice during the

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