Blockmatics Blog

Litecoin Foundation Acquires Stake in WEB Bank

Jul 15, 2018 9:30:00 AM / by Cameron Wesley Carpenter posted in Blockchain, Finance, Litecoin, WEB Bank

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Litecoin creator and Managing Director of the Litecoin Foundation Charlie Lee announced on Twitter Tuesday that the Litecoin Foundation has acquired a 9.9% stake in the German financial institution WEG Bank AG.  The equity was received from TokenPay, a strategic partner of the Litecoin Foundation, who transferred their shares in exchange for technical assistance with various blockchain projects from the Litecoin Foundation.

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The OECD Takes on Role to Help Develop Blockchain Policy

Jul 13, 2018 12:00:00 PM / by Liz Llamas posted in Cryptocurrency, ICO, Blockchain, Regulation

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As the implementation of blockchain technology increases, so does the list of international organizations getting involved in its development. Some organization on the list include the International Organization of Securities Commission (IOSC), which recently published a wide-ranging research paper that includes findings on blockchain tech; the United Nations Development Program (UNDP), which partnered with Blockchain, the world’s leading software platform for digital assets, the UN Refugee Agency (UNHCR) and the World Economic Forum (WEF) to explore the use of blockchain technology for development; and the World Bank, which launched a blockchain lab as part of a bid to pilot projects that can improve governance and social outcomes in the developing world. Recently, the Organization for Economic Cooperation and Development (OECD) added itself to the list by launching a number of projects that focus the collaborative efforts of its thirty-six member states on blockchain research, development, and implementation.

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The Courts of the Future: Closing the Gap Between Innovation and the Law

Jun 30, 2018 2:05:42 PM / by Liz Llamas

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The past few years have witnessed the emergence of disruptive technologies, such as blockchain, that promise to revolutionize the way business is conducted across many industries. As these technologies continue to evolve and seep into our daily lives, people, companies, and societies quickly adapt and assimilate to them. The law, however, does not.

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Payments Giant MasterCard Applies for Public Blockchain Patent

Jun 28, 2018 1:15:00 PM / by Cameron Wesley Carpenter

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Payment solutions giant MasterCard has filed a patent application for a public blockchain to verify credit card transactions. The patent was entitled “Method and System for Instantaneous Payment Using Recorded Guarantees.”

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Digital Asset Custody:  A Hurdle to Wall Street and Main Street Investors

Jun 26, 2018 11:17:33 AM / by Cameron Wesley Carpenter posted in Bitcoin, Ethereum, Blockchain, Distributed Ledger, Derivatives, Goldman Sachs, State Street, Custody

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Cryptocurrencies were designed to be a secure storage of value, one that gave the holder sole autonomy over their funds. This lead to speculation that cryptocurrencies might topple the financial system and return sovereignty over money to the people by eliminating the need for a trusted third party such as a bank in the exchange and storage of value.

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Goldman Sachs to open a Bitcoin Derivatives Trading Operation

Jun 22, 2018 9:30:00 AM / by Cameron Wesley Carpenter posted in Bitcoin, Cryptocurrency, Blockchain, Finance, Distributed Ledger, Derivatives, Futures, Goldman Sachs

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The finance giant Goldman Sachs has announced that the investment bank will begin using its own funds to trade a variety of derivatives contracts tied to the price of Bitcoin with the bank’s large institutional clients. Goldman Sachs has historically maintained a more open mind to cryptocurrency than most of its competitors. Back in January, the investment bank issued a nine-page report to some of its clients entitled “Bitcoin is Money.”

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Reaching Consensus: How Decentralized Networks Make Decisions

Jun 19, 2018 2:28:37 PM / by Cameron Wesley Carpenter posted in Bitcoin, Cryptocurrency, Ethereum, Blockchain, Distributed Ledger, Decentralized, Consensus

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Consensus algorithms are the means by which individual nodes in a distributed system come to an agreement regarding which data to validate as accurate and which to disregard.  In the case of cryptocurrency, this takes the form of deciding which transactions to honor and which to decline. These algorithms make it very difficult and expensive for someone to attempt to attack the system.

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KYC, AML, and the SEC: Exchange and ICO Regulations

Jun 15, 2018 4:58:41 PM / by Cameron Wesley Carpenter posted in Bitcoin, Cryptocurrency, ICO, Blockchain, Distributed Ledger, Vertalo, KYC, AML, Regulation

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As more and more money flows in and out of cryptocurrencies and cryptocurrency exchanges, these institutions are finding themselves subject to the laws and regulations imposed on the broader financial services industry.  Some find that this is burdensome, and detracts from the libertarian, anti-bank ethos of cryptocurrency. The crypto-to-crypto exchange Shapeshift, for instance, refuses to serve customers in the state of New York, due to New York’s controversial BitLicense.

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Blockchain-Based Online Voting

Jun 8, 2018 1:43:46 PM / by Cameron Wesley Carpenter posted in Bitcoin, Cryptocurrency, Ethereum, Blockchain, Finance, Voter Turnout, Distributed Ledger, Santander, Banco Santander, Voatz, Elections, Voting

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Could Distributed Ledger Technology Aid Corporate and State Governance?

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Meet the Speakers - Blockchain & Law: Morning Symposium

May 9, 2018 5:10:32 PM / by Sean T. McKeough

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