Bitcoin and Blockchain News May 17, 2016

Confused By Blockchain? Separating Revolution from Evolution - 

In this opinion piece, blockchain consultant and former itBit director Antony Lewis attempts to explain the difference between the disruptive innovation of cryptocurrency and the increasing number of blockchain services he seeks to recast as "industry workflow tools".

Antony Lewis / May 17, 2016 12:55 pm


Bitcoin Price Tests $460 But Fails at Upward Climb - 

The price of bitcoin tested resistance at $460 over the weekend ending 15th May, but failed to break through the benchmark. A series of near misses in attempts to build momentum further suggests that $460 could become a key benchmark for the price moving forward.

Charles Bovaird / May 16, 2016 11:33 pm


Presidential Cybersecurity Panel Hears Blockchain Testimony By IBM - 

A panel on national security and cyberspace appointed by President Barack Obama heard testimony on blockchain technology from IBM earlier yesterday. The meeting, held in New York, brought together the Commission on Enhancing National Cybersecurity, which was created by the White House earlier this year.

Stan Higgins / May 16, 2016 09:24 pm


Bitcoin Startup Blockchain Releases Code for 'Thunder' Payment Channels - 

The development of payments channels on the bitcoin network took a step forward today with new technology released by wallet startup Blockchain. Called ThunderNetwork, the effort seeks to enable low-cost micropayments to be sent by bitcoin users without the high cost of blockchain settlement fees.

Pete Rizzo / May 16, 2016 07:51 pm


R3 Bank Partner Northern Trust Details Four Internal Blockchain Tests - 

R3CEV's test with Northern Trust inspired a blockchain proof-of-concept among three other experiments for different aspects of asset management. But even as clients express interest in participating, the short term effects may be limited to little more than cutting back on paperwork.

Michael del Castillo / May 16, 2016 07:03 pm


Gatecoin Claims $2 Million in Bitcoins and Ethers Lost in Security Breach - 

Last Friday, news emerged of yet another security event in the digital currency exchange ecosystem, this time impacting a Hong Kong-based service involved in the sale of assets related to Ethereum-based decentralized autonomous organizations (DAOs). The exchange confirmed this weekend that it lost as much as $2m.

Stan Higgins / May 16, 2016 05:27 pm


Identity Startup Netki to Launch SSL Certificate for Blockchain - 

Netki, a blockchain identity company, has announced the launch of its digital identity certificate pilot targeting money services businesses. In interview, the team's developers positioned the product as one that could help blockchain-based MSBs better comply with regulation.

Jacob Donnelly / May 16, 2016 04:05 pm


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State of Blockchain Q1 2016: Blockchain Funding Overtakes Bitcoin

In case you missed it, CoinDesk has released its latest State of Blockchain report, analyzing news and events from Q1 2016. Weighing in at 100 slides, the presentation takes a deep dive into trends in the blockchain and bitcoin sectors to reveal new findings about the fast-changing industry.

Press Releases

13, May - Announcing Distributed: Trade, The First Blockchain Conference to Address Both Financial Services and Supply Chain Applications
10, May - Wall Street Disintermediation Arrives as Hedge Fund Trades P2P Via Blockchain, Without a Bank or Broker
02, May - William Mougayar Unveils His New Book The Business Blockchain at Consensus 2016 in New York
Read All Industry Press Releases →

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