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Royal Bank of Canada has revealed it is working on a new proof of concept for distributed ledger-based remittances. RBC and Ripple, Deloitte said, are now working on a “limited production” PoC with the goal of evaluating how the trial might move forward.
Digital Asset Holdings CEO Blythe Masters discussed the business potential of blockchain tech at an event hosted by PwC this week. In her talk, Masters discussed her career while emphasizing what she believes are the reasons incumbent financial providers need to take blockchain technology seriously.
Bitt has launched a blockchain-based version of the Barbadian dollar it hopes will appeal to the country's underbanked. In interview, Bitt CEO Gabriel Abed discussed his company's market traction and why he's fed up with developer infighting in the bitcoin community.
The US government now believes a corrupt Secret Service agent may have stolen additional bitcoins during the investigation into online dark market Silk Road. Shaun Bridges was sentenced to six years in prison after pleading guilty last year to charges tied to the theft of more than $800,000 in bitcoin.
The founder and former president of an insurance consultancy called Bitcoin Financial Group has been accused of securities fraud and breach of contract. The company was named as one of four defendants in the case, filed earlier this month in a New Jersey federal court by two residents of the state.
Gemini, the New York-based bitcoin exchange founded by investors Cameron and Tyler Winklevoss, has revamped its fee schedule. The announcement follows criticisms from bitcoin's trading community regarding Gemini's original pricing model, introduced in October.
Excitement is building around the Ethereum platform, a specialized blockchain for decentralized applications, but what are innovators and creators building with the technology? CoinDesk profiles seven cool applications that showcase the imagination of its growing community.
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