| | NOVEMBER 15th, 2016
“We do not measure a culture by its output of undisguised trivialities but by what it claims as significant.” – Neil Postman, 'Amusing Ourselves to Death'
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Could this be the bridge between the digital currency and blockchain ecosystems?
PwC Australia has been working with blockchain startups Bloq, Netki and Libra on a new type of platform. Vulcan Digital Asset Services is designed to allow enterprise clients to create digital assets that can interoperate with and trade alongside bitcoin and other digital currencies.
It’s still early days for the project, which will be unveiled at the Singapore Fintech Festival this week. In an interview with CoinDesk, the participants expressed confidence in its potential to combine the control and compliance of private ledgers with the efficiency and resilience of open-source blockchains.
If Vulcan is successful in this, we could soon see banks working with bitcoin. Of particular interest is the use that central banks could make of this service, as it includes many of the features needed to create blockchain-based fiat currencies. (Read the full story.)
We are excited to announce the launch of a new event series: monthly fireside chats with leaders and innovators from the cryptocurrency and blockchain sectors, at our headquarters in New York.
The series kicks off on November 22nd at 6:30pm with a conversation between CoinDesk's Pete Rizzo, bitcoin pioneer Charlie Shrem and digital currency lawyer Marco Santori. Get your tickets on Eventbrite.
Wait, there's more:
· New skills, new perspective. CoinDesk went to Washington to bring you the latest on how the blockchain is changing the demands placed on regulators. A panel of experts hosted by the SEC talked about the new types of corporations, new audit expectations and the barriers to change. Read the story.
· Strategy shift? Bitcoin exchange Gemini has upgraded its platform to include some new APIs that make private order status information more readily accessible. These services are more aimed at automated traders than at Gemini’s core enterprise clients. Read more.
· Opinion piece. When is a blockchain idea patentable, and when is it not? Abstract ideas are generally not, but where’s the line? Read more.
· Funding the future. UNICEF has invested in five fintech firms, including South African blockchain company 9Needs. The startup is developing blockchain-based identity tools for early childhood education. Read more.
· Expertise on board. Former SEC Commissioner Dan Gallagher joins the board of Symbiont, a blockchain company developing smart contract platforms for financial services. Joining him is Todd Ruppert, former CEO of T. Rowe Price Global Investment Services. Read more.
· New service. Bitcoin wallet provider Blockchain will test offering clients the opportunity to buy bitcoin directly, via a partnership with Coinify. This marks a shift in strategy for Blockchain, which up until now has been software-only. Read more.
· Price transparency. Derivatives giant CME Group launches its bitcoin price indexes, which leverage data from several leading bitcoin exchanges. The aim is to provide institutional-grade resources to bitcoin traders. Read more.
BTC: $710.84 +1.5%
ETH: $10.19 +2.1% at 10:00am EST more details
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