Washington Post Executive Pivots to Blockchain Firm CEO

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Jarrod Dicker is the new CEO of blockchain media company P.oet. Dicker is making the move to Po.et while departing from his position as Vice President of Innovation and Commercial Strategy at The Washington Post. Career Accomplishments Dicker believes Po.et will help put “…the power of written, visual and audio content back in the hands of creators”. His ability to champion that cause is clear when considering Dicker’s previous career accomplishments, including: Creating and managing the research…

ABN AMRO Launches Blockchain Bank Accounts to Kill Escrow Accounts

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Dutch ‘big four’ bank ABN AMRO has launched a new service wherein bank accounts are issued to individual clients via the blockchain, as alternatives to escrow accounts. ABN AMRO is shifting gears in its blockchain endeavor. The Amsterdam-based banking giant has announced a new service wherein individual client within non-bank organizations entrusted with client funds – think brokers, notaries, exchanges etc. – will directly connect with its clearing bank over a blockchain. Used by fund managers without…

‘Crypto Genius’ James Altucher Seeks $280 Million Valuation for Blockchain Startup Bitzumi

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. “Crypto genius” James Altucher is back, and he’s got big plans. Altucher, the so-called “face of Bitcoin,” and his company, Bitzumi, are seeking to raise $10 million to launch a full-service blockchain startup that will, among other things, feature a cryptocurrency exchange. That figure might not seem like that much, but as the SEC filing indicates, it would provide the company with an initial valuation of $280 million. If those shares become fully-diluted later on, that would…

Spain’s Government Prepares to Lure Blockchain Firms, ICO Issuers

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Spanish government is reportedly preparing legislation that includes possible tax incentives to lure blockchain companies into the country. The People’s Party (PP) of Spain, the country’s ruling party, is weighing up legislation to specifically attract blockchain firms due to the technology’s potential in a number of industries including finance, education, and health, according to lawmaker Teodoro Garcia Egae. Speaking to Bloomberg, the lawmaker also pointed to ‘specific regulations’ that would make Spain a destination for entrepreneurs…

South Africa’s Central Bank Launches Ethereum-Based Blockchain PoC

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The central bank of South Africa has launched a new proof-of-concept (PoC) project to replicate interbank settlements on an Ethereum-based blockchain. The South African Reserve Bank (SARB), the country’s central bank, has announced a new FinTech initiative that will include ‘Project Khokha’ – a blockchain PoC endeavor via a partnership with Ethereum coder collective ConsenSys, an official announcement revealed. As the central bank’s technology partner, the Brooklyn-based Ethereum blockchain developer will enable the ‘processing of wholesale payments…

Western Union Taps Ripple for Blockchain Trial

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Western Union, the world’s largest money transfer service, has revealed that it is conducting a blockchain-based payments trial with Ripple. Western Union CFO Raj Agrawal confirmed the long-rumored partnership during an interview with Bloomberg, stating that the company was testing the efficiency of blockchain transactions. Agrawal told the publication that its blockchain efforts are still in a “testing phase” and are not a key part of the 167-year-old firm’s business. He added that, despite industry bullishness surrounding…

South Africa’s Central Bank Eyes JPMorgan Blockchain Tech

South Africa’s central bank has launched a program that will trial JPMorgan’s Quorum blockchain potential in interbank clearing and settlement. According to an official statement dated Feb. 13, the South African Reserve Bank (SARB) revealed it has established a fintech program that will prioritize, among other things, a project dubbed Khokha to explore a proof-of-concept (PoC) using the tech. The SARB further said in the announcement that it will partner with ConsenSys, the ethereum technology development startup, in developing the PoC. The project will involve replicating the wholesale payment process…

Blockchain Can Help UK ‘Stay Relevant’ After Brexit, Says EU Lawmaker

A British Member of the European Parliament (MEP) has called on the City of London and the Bank of England to embrace blockchain technology as a means of staying relevant in the post-Brexit era. Kay Swinburne, who is also the most senior legislator on the EU’s Economic and Monetary Committee, told Business Insider that “the conservative status quo is now too risky with Brexit,” and that the U.K. must embrace distributed ledger technology (DLT) to make its markets more efficient. Swinburne reportedly said: “The UK post-Brexit: how does the City…

Public Blockchain On-Chain Scaling ‘Degrades Decentralization’: Microsoft Researcher

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A team of Microsoft blockchain researchers has concluded that on-chain scaling — a method employed by Bitcoin Cash and other cryptocurrencies — is antithetical to decentralization and will not provide a network with the ability to operate at “world-scale.” On-Chain Scaling Not Compatible with Decentralization: Microsoft For the past year, Microsoft researchers have explored how blockchain and other distributed ledger technologies (DLT) can be leveraged to create “digital identities” for the billions of people who do not…

Canadian Blockchain Startup Expands Into Crypto-Friendly Wyoming

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Nova Scotia-based BlockCrushr is expanding into the lower 48. The blockchain startup has chosen Wyoming for its new corporate subsidiary amid the state’s openness to both the technology and cryptocurrencies, as evidenced by pending legislation. BlockCrushr Wyoming’s presence ahead of the state Legislature’s ruling suggests the startup is confident about the prospects of the policy. Wyoming is currently entertaining several blockchain-related proposed policies, including Bill HB0070, which supports a digital token issued on an open blockchain that’s not…