Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz

One of the top markets regulators in the United States said yesterday that he believes smart contract developers should in some instances be held liable when their blockchain applications are used in conjunction with illegal activities. Brian Quintenz, a commissioner at the Commodity Futures Trading Commission (CFTC), made this statement on Monday at the GITEX

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Ethereum: We Haven’t Seen the Last of the Bug That Killed the DAO

ethereum The DAOMore than two years after the collapse of The DAO thrust the Ethereum community into civil war, one of the bugs that caused that caused that black swan event continues to lurk in many smart contracts, waiting to be exploited by hackers. That’s according to Emin Gün Sirer‏, a computer science professor at Cornell and

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China to Drafts for Three Domestic Blockchain Standards in 2018

The China Electronics Standardization Institute (CESI), a government organization under the country’s Ministry of Industry and Information Technology (MIIT), plans to release three blockchain standards for smart contracts, privacy and deposits as a way to improve the country’s development of the blockchain industry. The standards, which would be association based, were announced by Li Ming,

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Google Dives into the Ethereum Blockchain with its Big Data Analytics Platform

Google BigQuery, Google Cloud’s Petabyte-scale data warehousing solution, has made the Ethereum dataset available to enable the exploration of smart contract analytics, the company announced on a blog. BigQuery has made it possible to explore all of Ethereum’s historical data. Ethereum’s ETL project on GitHub includes all source code that can be extracted from the

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Hedera Hashgraph Raises $100 Million, Claims $6 Billion Valuation

Hedera Hashgraph, a U.S. based distributed public ledger that plans to offer a cryptocurrency, a file storage service and a smart contract platform, has raised $100 million from institutional and has announced a valuation of $6 billion. The company announced on Twitter that it is currently offering tokens at $0.12, the same amount that investors

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China: World’s Third-Largest Bank Issues Farmland Mortgage Loan on a Blockchain

In a significant breakthrough to deepen the reform of mortgage loans, the Agricultural Bank of China (ABC) revealed that it has issued a farmland loan worth $300,000 on the blockchain in a trial. The bank, as reported by a local news source, used a segment of agriculture land as collateral to issue the mortgage loan in

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UK Govt. Researches Use of Blockchain Smart Contracts In Law

The UK Law Commission is in the process of codifying the use of smart contracts into British law as part of an ongoing effort to update British law and make it relevant to of the challenges of modern technology. This was revealed in the Commission’s 52nd annual report covering  the period from April 1, 2017

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JPMorgan Wants to Use Blockchain to Issue ICO Tokens

American investment banking giant JPMorgan Chase is pursuing a patent for a distributed system that uses blockchain technology to issue virtual depository receipts that sound suspiciously like initial coin offering (ICO) tokens. JPMorgan Wants to Host IPOs on a Blockchain The patent application, filed by JPMorgan in January and published by the U.S. Patent &

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UK National Archives to Test Blockchain Tech for Official Record Keeping

The UK government’s official record-keeper, the National Archives (TNA) will be using blockchain technology to create a way to verify the accuracy of archived documents. The project, called ARCHANGEL is one of three blockchain projects the University of Surrey has won, the other two being voting and healthcare. Digital Archives Challenged Digital archiving is challenging because

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Ethereum Smart Contracts only Good in ‘Kangaroo Courts’: NYU Prof. Nouriel Roubini

New York University (NYU) professor Nouriel Roubini is famous for his bearish economic prognostications, but in the cryptocurrency community “Dr. Doom” is better known for his utter disdain for all things blockchain — and the colorful manner in which he elucidates this distaste. In this latest episode, Roubini turned his attention to smart contracts, which

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