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Tag: blockchain

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SEC to Hold Public Forum on Blockchain at the End of March

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“The Securities and Exchange Commission announced on Friday that it is going to hold a public forum on blockchain technology” writes David Kimberley for financemagnates.com. According to a statement released by the SEC, the forum will deal with both blockchain technology and cryptocurrencies.Some time will be spent looking at blockchain technology, what uses it can be toward and how it is changing certain industries.The financial watchdog’s blockchain forum will be the second such event that it has hosted, though the last was way back in 2016 – light years in…

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Crypto News 

Blockchain and Crypto Business Reps Protest Nevada Bill

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“The Nevada Technology Association (NTA) said that the bill was premature and would put Nevada at a competitive disadvantage as blockchain was still in its nascent stages” writes Aaron Wood for cointelegraph.com. Following an initial explanation of the bill before the committee, representatives from the crypto industry protested the legislation.Representatives from the blockchain and cryptocurrency industries voiced their concerns about a bill in the Nevada State Senate in a Judiciary Committee hearing on Tuesday, March 12.Early this year, the Associated Press found that some counties in Nevada were issuing marriage…

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SEC’s Finhub to Host Public Forum on Blockchain, Digital Assets in May

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“United States regulator the Securities and Exchange Commission (SEC) has announced that it is hosting a public forum on distributed ledger technology (DLT) and digital assets this May” writes Olivia Capozzalo for cointelegraph.com. As previously reported, Finhub was created in fall 2018 with the aim of facilitating the agency’s engagement in fintech-related fields, including DLT and digital assets. Source: cointelegraph.com

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Commerce Department Taps R3, Mastercard For Trade Finance Council

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“The U.S. Commerce Department is expanding its Trade Finance Advisory Council (TFAC), having recently appointed 21 new members to the group in an effort to explore innovation in and access to trade finance” reports pymnts.com. R3 Consortium members developed their blockchain trade finance prototype in 2017, which operates on the Corda platform and streamlines exchange of letters of credit for participating financial institutions.The digital currency is currently used by the R3 Corda platform in its settlement process to facilitate movement of money across borders.Among the new members is blockchain company…

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Crypto News 

The launch of Cosmos Network seeks to drive inter-blockchain communication

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“A decentralized network of independent, scalable, and interoperable blockchains, the Cosmos Network marks the next natural step in the evolution of blockchain development” reports cryptoninjas.net. The Interchain Foundation, a Swiss non-profit foundation supporting research and development for secure and scalable open-source software, has announced the launch of the Cosmos Network.Launched following the Game of Stakes, a period of rigorous network testing and development, the Cosmos Network focuses on scalability and usability, and enables developers to quickly and easily build reliable, efficient, and interoperable blockchain applications.Development of the Cosmos Network is…

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Report: Over 40 Bugs in Blockchain and Crypto Platforms Detected Over Past 30 Days

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“In the blockchain field, e-sports gambling platform Unikrn reportedly got the most vulnerability reports, amounting to 12 bugs” writes Ana Alexandre for cointelegraph.com. White hat hackers have detected over 40 bugs in blockchain and cryptocurrency platforms over the past 30 days, tech news outlet The Next Web (TNW) reported on March 14.Major American crypto exchange Coinbase and the developer of blockchain browser Brave, Brave Software, reportedly received one vulnerability report each.According to an investigation conducted by TNW, 13 blockchain- and cryptocurrency-related companies were hit with a total of 43 vulnerability…

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Republican Leader Claims Blockchain Can Make US Government More Efficient

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“Kevin McCarthy, the current Republican Minority Leader in the United States House of Representatives, said on Tuesday, March 12, that blockchain can make the U.S. Congress a more efficient and transparent place” writes Ana Berman for cointelegraph.com. The first laid groundwork for storing so-called certificate tokens representing stocks on a blockchain “or other secure, auditable database,” and permitted their digital transfer. Source: cointelegraph.com

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Cross-Platform Blockchain Project Cosmos Launches First Hub After $17 Million ICO

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“Blockchain platform Cosmos, which is set to work as a mediator between different blockchains, has officially launched the first hub of its ecosystem on Wednesday, Mar. 13” writes Ana Berman for cointelegraph.com. The paper, dubbed “Scalability, Interoperability And Sustainability of Blockchains,” was prepared by blockchain tech firm ConsenSys.The developers believe that Cosmos may contribute to solving some of the main problems in blockchain, such as scalability and interoperability.More recently, a report to the European Union made recommendations on how to better develop blockchain technology, including the introduction of interoperability and…

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Token 2049: Vitalik Buterin Says Non-Financial Blockchain Use Cases Are a ‘Harder Pitch’

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“Speaking of his personal commitments, Buterin highlighted decentralized applications (DApps), which allow multiple actors to share and cooperate on applications that are based on an underlying, decentralized blockchain protocol” writes Marie Huillet for cointelegraph.com. Ethereum (ETH) co-founder Vitalik Buterin says that blockchain applications outside of finance face more difficulty gaining traction, as the primary added value they offer is decentralization.In his further discussion on the current state of blockchain adoption, Buterin appealed to event attendees to identify real-world applications that are developing “not just in theory, but on the ground.”…

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IBM Publishes Patent for Resisting Replay Attacks in Permissioned Blockchains

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“Multinational computing giant IBM is adding to its arsenal of blockchain patents with an application for improving the security of permissioned blockchain networks” writes Marie Huillet for cointelegraph.com. The patent is entitled “Resisting replay attacks efficiently in a permissioned and privacy-preserving blockchain network,” and outlines security techniques for withstanding such attacks while maintaining valid user permissions and privacy. Just last week, the tech giant unveiled two new blockchain patent applications, one targeted at network security and the second focused on using blockchain to streamline database management systems.The patent, first filed…

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