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…
If the first day of Scaling Bitcoin focused on fostering constructive dialogue, day two moved the conversation toward defining how that dialogue would proceed following the event and how such discussion could coalesce into a clearer vision for the open-source technology’s future. Topics of discussion at the event still focused most directly on the larger question of how the bitcoin network could support increased transaction levels. However, these presentations were buoyed by musings on the trade-offs that will need to be weighed should the community want to honor the project’s original democratizing vision. For example, some of the day’s talks occasionally provided a broad, analytical look at current proposals, delving into the theoretical…
UBS is working on a block chain based “settlement coin” that financial institutions will use, according to The Wall Street Journal. Unlike bitcoin, the UBS “utility settlement coin” would link to real-world currencies and central bank accounts. Oliver Bussmann Oliver Bussmann, CIO of Switzerland-based UBS, said the coin will help establish the block chain in global finance. The currency, being developed with Clearmatics, a London-based firm that makes clearing machines for OTC markets, could reduce transaction settlement times. The coin could reduce settlement time from two or three days to a matter of seconds. UBS’ new cryptocurrency lab in London is leading the initiative, according to Financial News, a London-based newspaper. Bank Will Use The Coin With Market…
Researchers at a UK innovation lab operated by Swiss banking giant UBS are developing a blockchain implementation for settling transactions. As reported by Financial News, the lab, opened earlier this year, is currently at work on a cryptocurrency that would be “linked to real-world currencies and connected to central bank accounts”. The project is being undertaken in collaboration with blockchain startup Clearmatics. UBS is reportedly also working with BNY Mellon on other blockchain-related initiatives. BNY Mellon disclosed earlier this year that it had been developing an internal rewards system using an in-house cryptocurrency. UBS innovation lab chief Alex Batlin told CoinDesk last month that the lab is currently involved in a variety of…
Depending on who you ask, Whit Jackson is anywhere between 10 and 16 years old, his elastic age a testament to the general awkwardness of male puberty. Jackson, aware of this, quickly clarifies in conversation. He’s 15, a soon-to-be sophomore at Brentwood School in Los Angeles, a K-12 coed day school that boasts an A-list of alumni including child actors Ben and Fred Savage as well as three current members of the pop rock band Maroon 5. At school, Jackson already has a distinction, however. He’s “the bitcoin kid”, a nickname that seems to have stuck even if it’s origin story is less clear. “All my teachers know me as ‘the bitcoin kid’. I told a few of my friends and it spread just because I’m really…