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JP Morgan CEO Jamie Dimon has issued new remarks about bitcoin, dismissing the digital currency's potential to survive in the long-term. Although largely skeptical about the cryptocurrency, Dimon told the audience that its underlying blockchain technology had a brighter future in the world of finance.
Santander InnoVentures has announced the launch of a global blockchain challenge to support early stage startups using distributed ledger technology. The announcement comes after Mariano Belinky, managing partner of the bank's VC firm, told CoinDesk that bitcoin's underlying blockchain technology was "a powerful one".
Asia-Pacific banks, credit card firms and startups can be expected to increasingly focus on the blockchain in the coming years, according to a new report by Accenture. In the face of this transition, Accenture advised banks to develop strategies for the tech as it could create opportunities for startups.
A smoke shop in Atlanta, Georgia, was robbed of its bitcoin ATM during a brazen Tuesday night heist. Those behind the incident may have been planning the heist for some time, as according to a store manager, two individuals came to location last week and asked questions about the bitcoin ATM.
Financial services firm Wedbush Securities has revised its outlook for the price of bitcoin, revealing it expects the digital asset to rise to $600 in value over the next 12 months. The estimate is an updated version of its $400 price projection, issued in June.
A proposal to add the bitcoin “B” to the Unicode computing character standard was accepted this week. The measure, submitted by tech blogger Ken Shirriff, was approved during a quarterly meeting held by the Unicode Consortium, the group backing the computing standard.
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