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Blockchain Requires Radical Change to Mindsets

By Editorial Staff | Sep 10, 2016

Frances Coppola challenges the current mainstream experimentations of blockchain use cases, which he deems not radical enough and mostly compromised version of existing inefficiencies. From permissioned DLT, to trade settlements and clearing. The author also argues for re-imaging the possible future structure capital markets instead of the current re-engineering/compromised approach. Read more at CoinDesk  

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Deloitte is Now Running a Bitcoin ATM

By Editorial Staff | Sep 10, 2016

Deloitte is now the owner and operator of its first bitcoin ATM machine at Toronto. The bitcoin transaction machine, or BTM, is now ready to exchange digital currency for Canadia dollars. Read more at Photo by gruntzooki

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Bitcoin Threatens Credit Card Issuers

By Editorial Staff | Sep 10, 2016

Banco Santander’s securities investment affiliate has published a new report on bitcoin that predicts a significant impact on credit card issuers. Issuers and acquirers have the disadvantages of long transaction times, operational costs and associated fees and taxes as factors. Bitcoin transactions with their low (or no) costs and fees puts at risk the entire…

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ABN Amro Denies Releasing a Bitcoin Wallet

By Editorial Staff | Sep 10, 2016

Dutch banking giant ABN Amro has denied it is seeking to release a consumer bitcoin wallet. This follows news that Estonia’s LHV Bank, has previously released a bitcoin wallet app and accounting giant Deloitte this week installed a bitcoin ATM in its Toronto offices. Read more at CoinDesk Photo by aloxe

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Blockchain is like Google Docs

By Editorial Staff | Sep 10, 2016

William Mougayar, the author of “The Business Blockchain”, uses Google Docs to explain the concept of blockchain such as shared documenent is similar to shared ledger, and all parties have access to the same document at the same time, and the single version of that document is always visible to all of them. Read more…

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Exchange Group: Trusted Third Partty key to EU Blockchain Regulations

By Editorial Staff | Sep 10, 2016

A major exchange industry trade group, the World Federation of Exchanges (WFE), has written to the European Securities and Markets Authority (ESMA), on blockchain regulation. The chief argument being that a trusted, neutral third party should be key to the regulation. Read more at CoinDesk  

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Startup TradeWind Markets Tapping Blockchain for New Gold Exchange

By Editorial Staff | Sep 10, 2016

The company featured in a bestselling book says it plans to use the blockchain to build a more transparent gold exchange, after recently spun off from The Investor’s Exchange (IEX), is Read more at CoinDesk  

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Bank of England To Explore Further Blockchain Work

By Editorial Staff | Sep 10, 2016

A senior Bank of England official says the central bank is looking for new blockchain opportunities, including the funding of a startup accelerator focused on financial applications. Read more at CoinDesk Photo by Images George Rex

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Two Big Factors Are Driving Up Bitcoin Prices

By Editorial Staff | Sep 10, 2016

Why is the price of BTC on the rise? Blame bullish market sentiment and low liquidity. Traders and investors became bullish after weeks of lull trading following the aftermath of the Bitfinex hack a few weeks ago. Another cause was short squeeze which forced speculators to close out short positions. Read more at CoinDesk Photo…

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