Author: Yana Vyblova

Taiwan Taipei Fubon launches blockchain payment system

Taiwanese private bank Taipei Fubon Commercial Bank became the first bank in the country which launches a payment system based on a blockchain technology. With its system customer can pay in restaurants and shops located near the National University of Chengchi. The bank and university cooperates in the field of “development of key technologies and engineering research for a payment based on the blockchain.” The payment application based on Ethereum implements the BFT (Byzantine fault tolerance) algorithm, which reduces the time and cost of transactions. According to the bank, the use of this algorithm shortened the payment time to less...

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Bahrain sees blockchain use-case for vehicle registration

The Kingdom of Bahrain is going to use the capabilities of Blockchain technology to save the costs of maintaining vehicle  registration in the country. Bahrain’s General Directorate of Traffic (GDT) announced a new plan and now the institution is looking for a technical partner in order to focus on the development and implementation of the system. Shaikh Abdulrahman bin Abdulwahab Al Khalifa, director general of the GDT, said in a statement: “This registry will be a vital advancement in reducing the overall cost of maintaining critical vehicle information, offer greater efficiency in terms of supply chain management, and ensure a high...

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Crypto Valley Association welcomes Lakestar as VC partner

The European venture capital firm Lakestar has become a strategic partner of  Switzerland-based blockchain consortium the Crypto Valley Association (CVA). The company was doing well in 2017. It invested to crypto wallet provider Blockchain and bitcoin and altcoin exchange ShapeShift,  social media networks Skype, Spotify, Facebook, and Airbnb. The Crypto Valley Association  expects to have amount of benefits from this partnership. Lakestars famously known in attracting funds. It is seems like both sides enthusiastic to work with each other. “Their experience of investing and assisting technology entrepreneurs effectively scale and internationalize will provide unique insight to support the work of the CVA and our members,” CVA president Oliver...

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Romanian BTCxChange shuts up shop

The Romanian BTCxChange announced its closure. Startup owner Horea Vuscan said that he is setting out his highly profitable business for sale, as he plans to continue working in another industry. “We inform you that starting from 1st of May 2018, our platform will be closed. Operations stopped back on 1st of February but you still could stock your bitcoins on our platform,” short statement said.  BTCxChange started in 2014, and in 2016, was re-launched with new owners and an updated team. The problems began in January when they were restricted access to the bank account. As a result, the company was...

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Icelandic alleged Bitcoin thief flees to Sweden

Sindri Thór Stefánsson the most famous robber of Iceland made a statement in which he vowed that wants to get home. On February 2, police detained Stefansson, who allegedly robbed several large mining farms. In prison, he didn’t stay long and on the night of April 18, he fled and already reached Sweden. Following his words, he was “legally allowed” to travel. “I would never have tried to escape from prison if I had been legally deprived of liberty by a judge’s decision, ” he claims and continued, “In addition, I was in custody for two and a half months without...

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