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Thailand’s Largest Bank to Launch New FinTech Platform

Thailand’s largest bank by revenue, Kasikornbank Pcl, has unveiled that it is planning to introduce a new FinTech platform by the end of the year as it attempts to prevent fee income from its rival banks. In a report from Bloomberg, Kattiya Indaravijaya, one of the four presidents at the Bangkok-based company, said that the goal was to produce faster, easier and lower-cost online banking transactions. There are also talks with overseas companies to create the digital payments platform. According to information from the Bank of Thailand, Thai mobile and Internet banking transactions increased...

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More Banks to Sign Up for ING’s Ethereum Oil Trading Platform https://t.co/87qmK6ePQo https://t.co/QTiPEnQhlF

- 142 days ago

Prestige Coin Ltd @Prestige Coin Ltd
IBM Unveils Blockchain Platform for Oil Trade Finance https://t.co/rmyXb6WRUP

- 142 days ago

CRYPTO POLITICS

Economic Forum Highlights China’s Rise in Blockchain R&D

Blockchain technology will likely boost financial inclusion, but there’s still some way to go before a major impact is felt, according to industry experts speaking in China last week. At the 2017 Boao Forum for Asia annual conference in Hainan Province, speakers including Li Lihui, former president of the Bank of China, and Shi Wenchao, president of Chinese bank card provider UnionPay...

Bitcoin May Switch to an Alternative Proof-of-work Algorithm in the Future

It is evident major changes will come to the bitcoin ecosystem as we know it today. No one knows for sure what the future may bring, and different contingency plans are being drafted as we peak. One post on Bitcointalk talks about developing an alternative proof-of-work algorithm for bitcoin moving forward. An intriguing concept, although there is still a lot of work to be done. UPGRADING...

Bitfinex Launches Chain Split Tokens For Bitcoin Core and Bitcoin Unlimited

The ongoing debacle between Bitcoin Core and Bitcoin Unlimited has caused quite a few heated debates. Exchanges are forced to take a stance on how they plan to handle a potential bitcoin hard fork. Bitfinex has announced the introduction of Chain Split Tokens, which are a rather unique product. Both tokens will be traded in BTC and USD pairs, without margin trading opportunities. WHAT ARE CHAIN...

BitFury Becomes Desperate and Threatens to Sue Bitcoin Developers

When you thought things couldn’t get any more interesting, George Kikvadze, Vice Chairman of BitFury firing some shots on twitter. According to him, those that might possibly change the POW protocol for Bitcoin will get prosecuted to the fullest extent. It is obvious why BitFury is terrified of a POW change, the company raised over $90M in funding which could become futile if Bitcoin’s consensus...

What's Hot from World

Emirates NBD Enlists UAE Central Bank in Blockchain Check Trial

One of the Middle East’s largest banking groups is partnering with the central bank of the United Arab Emirates on a blockchain trial focused on bank check fraud. Emirates NBD first waded into the blockchain world last year, when it started testing the tech for payments applications and joined an expansive research and information-sharing effort backed by the Dubai government. According to Ali Sajwani, Emirates NBD’s chief information officer, those early efforts (both internal and collaborative) yielded key insights, namely that “the technology already has some real world...

Financial News

More Banks to Sign Up for ING’s Ethereum Oil Trading Platform

Dutch bank ING is winding down work on more than 20 blockchain applications, and that’s a good thing, according to one of the bank’s directors of innovation. That’s because what remains from a host of small experiments aimed at creating models, understanding blockchain interoperability and developing a wide variety of technical skills are five applications currently being developed into pilots for real-world applications. While multiple pilots are still being developed behind closed doors, two have already been revealed. One is a soon-to-be-launched platform for trading natural gas. The other...

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Technology

Panasonic Among New Contributors to Hyperledger’s Iroha Project

Five new companies are contributing to Iroha, one of several projects attached to the Hyperledger blockchain initiative. Among the companies joining is Japanese electronics conglomerate Panasonic, marking its first major foray into the blockchain space. Other firms involved include Indetail, Intec, CAC and NTT Data, the last of which is a founding member of Hyperledger. Unveiled last year, Iroha...

Beijing City Regulator Calls For Blockchain Standards

An official with Beijing’s municipal government is calling for the country to adopt a “standard” approach to blockchain development. According to a speech published by Sina Finance, Huo Xuewen, secretary of Beijing’s Municipal Bureau of Finance (a group that sets the city’s economic strategy), invoked the need for “healthy” progress in the blockchain...

Different Ways and Methods of Selecting a Secured Credit Card

A credit card is mandatory in our society. Even if you don’t need it for your loan, it is necessary to do shopping online to book a car, hotel, airfare or a hotel on vacation. If you are not eligible for a regular credit card, a secured one may be the only solution for you. A secured credit card is “plastic”, which uses cash deposit as collateral. There is usually a limit for the amount of cash...

Scaling Consensus? This Turing Winner Thinks He’s Found a Way

If a public blockchain is to be successful — whether its use is for currencies, smart contracts or something else entirely — it needs a consensus algorithm that can scale. While the race is on to develop a system that can do just that, a recent design by an eminent scholar could mark an advancement in this long-held quest. That design is called algorand, and its creator is MIT professor Silvio...

Celebrities & Entertainment

‘Scam Free’ Gambling on Ethereum? Regulators Might Not Be Ready

A world without gambling scams – that’s just the latest big idea being tested on the ethereum blockchain. While much of the news lately has been on the platform’s increasing enterprise use, the project is still a predominantly open-source community, one fueled by the ideas and hard work of entrepreneurs the world over. Take DAO.Casino, a project based in Russia that’s building a decentralized platform for gambling games. The DAO.Casino ecosystem seeks to reward users for participating in the platform (whether they’re developers or players), and ethereum distributes...

Fashion - Shopping - Travel

Survey: Europe’s Online Shoppers Are Wary of Digital Currencies

European consumers are largely shunning digital currencies when making e-commerce payments, according to a recent survey commissioned by MasterCard. The online survey polled just under 43,000 people between the ages of 18 and 64, from 23 different countries, who said they shop online. The results revealed that just 2% of respondents who make mobile payments for e-commerce said they use digital currencies, an amount mirrored when the group was asked about shopping online from a PC or laptop. The report also included data on overall interest in new payment types, with the survey focusing on a...

Sport

On A Mission: Surfing SoCal Swells With Nixon’s Smartwatch

ALL THE DUDES at the beach called the swell delayed. The device buzzing on my wrist knows better. It’s well before dawn, but that doesn’t stop the Mission, Nixon’s first smartwatch designed for both water and snow sports, from ceaselessly vibrating. A “shred” alert activates. The early-morning swell has arrived. Years of circadian conditioning, tempered by decades of experience surfing 20-plus countries, has prepped me for the ebb and flow of today’s adventure wielding the Mission in SoCal’s breakers. The sun hasn’t even risen and my board is already strapped to the car. The Mission’s buzz is...