Global financial services association BAFT has launched a new scheme to promote Bitcoin and blockchain technology. The association, which deals in creation and implementation of global finance policies, launched the initiative to drive “awareness of innovations in financial technology”. In its official statement, the international body emphasized how the pace of innovation has redefined the methods of cross-border payments and trade finance; and how it believes to address the regulatory issues for both banks and similar financial institutions through a thorough input. Tod Burwell, the president and CEO of BAFT, particularly highlighted how the emergence of Bitcoin and its associated technologies have improved the methods of supply chain and payments. He stated:…
Greg Medcraft, Chairman, Australian Securities and Investments Commission (ASIC) in a speech at Carnegie Mellon University underlined the importance of blockchain and how they can transform the capital market. In the speech, he cited four main points that he said, proved that blockchain has the capacity to help transform the capital market. Continuing in the same vein, the Chairman said that blockchain stands for efficiency and speed and has in it the potential to automate the financial system which will cut down the time duration that is needed for transactions. Secondly, he mentioned that blockchain by its very nature evokes trust as it eliminates the need for any intermediaries. This mistrust, he said, was a regular feature in the traditional market and due to…
Post the successful launch of crowdsale, Ethereum blockchain-based prediction platform Augur has raised $4.7 million till date, with $2.5 million coming in the first 3 days. The sale is still undergoing on “sale.augur.net.” Ethereum is a much-in-news decentralized blockchain network quite similar to the Bitcoin network. Speaking on the sale, Vitalik Buterin, Founder of Ethereum, said that “I think Augur is one of the most promising applications of blockchain technology out there.” Max Keiser, Host of Keiser Report also pitched in a good word by saying that “Augur solves legacy ‘prediction market’ problems with blockchain decentralization and the overall design is world class.” Ethereum blockchain-based Augur describes itself as a…
Bob Wigley, the former chairman of Merrill Lynch Europe, Middle East and Africa, has confirmed joining Blockchain, a UK-based Bitcoin wallet company, as an advisor. In a journal published on the Blockchain’s blog, the financial veteran admitted being drawn towards Bitcoin from a very long time. He further recognized the digital currency technology as something that actually defines the true meaning of FinTech, and stated: “FinTech means using the internet and constantly developing internet access devices, combined with their now pervasive penetration amongst consumers, to create more convenient and less expensive ways to undertake financial transactions.” Bitcoin was launched in 2008 by a pseudonymous developer, known by the alias of Satoshi Nakamoto, as a mean…
The Bitcoin wallet space just got another heavyweight contender. The one who intends to spar with the likes of Blockchain and Coinbase while keeping an eye out on those like Xapo and Circle who are in a slightly lower weight class than the former. The Amsterdam based BlockTrail has recently launched its new multiplatform, multisignature secure bitcoin wallet. The BlockTrail wallet is available for Android, iOS and web users at the moment. According to the company, BlockTrail’s wallet is more secure than most of the existing alternatives as it comes implemented with multisignature and HD wallet features by default. BlockTrail has been offering Bitcoin API and Blockchain analysis tools since last year. The company is backed by its co-founder Lev Leviev, who…
It is raining investments in the digital currency sector. A number of companies have raised millions of dollars in funding in recent days. Case Wallet Inc. also known as CryptoLabs has recently raised another tranche of seed investment of about $750,000 towards its bitcoin wallet business. Case Wallet Inc. is the manufacturer of Case secure hardware bitcoin wallets. The New York based startup has so far raised seed investment of about $2.25 million, including the earlier $1.5 million raised in June 2015. With the latest tranche of investment, the seed investment round stands closed. READ MORE: Bitcoin Wallet Company ‘Case’ Raises $1.5 Million in Seed Funding The investors behind Case Wallet’s seed funding round were led by FuturePerfect Ventures, a New York…