IBM + Dubai - Village bitcoins - Dark market bugs - Bitcoin regulation plan - B3i + 3 - Banque de France seeks blockchain partners - BTC price near high
South Africa's largest financial institutions are embracing the blockchain, together.
A working group created by the country's central securities depository Strate and its "big four" banks, with the participation of the central bank and the Financial Services Board, met yesterday in Johannesburg. The objective was to chart a course for their investigation into the potential reach of the new technology.
While financial institutions working on the blockchain is not unusual, it is rare to see a comprehensive range of big economic influencers work together on sector-wide implementation.
Another unusual feature of this group is the pragmatic and forward-looking attitude of its participants.
In conversation with CoinDesk, the CEO of Strate stressed that the project is about more than harnessing collaboration to advance the adaptation of technology. It's also about the need to adapt to survive, she explained, and to expand revenue streams to offset upcoming structural changes.
LendIt USA is the world's biggest show in lending and fintech, and in 2017 the event will return to New York City with a new track specifically designed for blockchain thought-leaders. LendIt is proud to welcome CoinDesk as the track media partner, and CoinDesk will also feature in the agenda. Readers save 15% with VIP code Coindesk17USA.
Wait, there's more:
Dubai Partners with IBM to Test Blockchain Trade Finance The emirate's customs office and a government-run electronic trade services hub are helping to lead the project, with the collaboration of banks Emirates NBD and Santander, UAE-based telecom Du, and Dubai-based logistics firm Aramex. The objective is to bring an entire trade finance lifecycle onto a single platform, incorporating IoT data collection. Read more.
Bitcoin's Price is Back Within $100 of its 2017 High While the move seems to be bolstered by improving sentiment, CoinDesk spoke to market insiders who cautioned that some traders see the increasing price as a potential red flag to regulators in China. Read more.
Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts If SegWit ever gets deployed, bitcoin's protocol could get another technical boost from Merkelized Abstract Syntax Trees, which reduce the size of data necessary for bitcoin scripts. By enabling more complicated conditions, this could advance the use of bitcoin as "programmable money". Read more.
A Town in Illinois Just Announced It's Holding a Bitcoin Sale Vernon Hills came by roughly $10,000 of bitcoin during a criminal drug investigation by local police and federal agencies. At a group meeting, the village decided that it did not have any use for them, and would sell them via Coinbase. Read more.
This Dark Market Wants to Pay You Bitcoin to Find Security Bugs Hansa is offering between 0.5 and 10 bitcoins to developers that spot problems with the code. At current bitcoin prices, that's a pretty good bounty for bugs. Read more.
North Dakota Legislators Advance Plan for Bitcoin Regulation State legislators have put forward a bill that calls for a study on the feasibility of regulating bitcoin. The measure passed unanimously in the Senate in January, and is now in the legislature's lower chamber. It's a start. Read more.
France's Central Bank Wants to Work With More Blockchain Startups According to remarks by governor Villeroy de Galhau, the Banque de France is opening up a new innovation lab, in a push to keep abreast of and support blockchain development. Read more.
Blockchain Insurance Consortium B3i Adds 3 New Members Founded last October by five European insurance companies, the group has grown to 15 members from all over the world. One of its current projects appears to be a platform for exchanging contracts. Read more.
An Arizona Lawmaker is Trying to Ban Blockchain Gun Tracking The bill, proposed in January, would make tracking of firearms via distributed ledger a felony, unless the user gives consent, or law enforcement obtains a warrant. Read more.
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