A deficiency of regulated custody services for crypto assets has been one of the biggest barriers that have prevented institutional investors from venturing into the sector.
Recent attempts by Daniel Oberhaus, a writer at Motherboard, to uncover the mystery of Bitcoin creator Satoshi Nakamoto were unsuccessful as a Freedom of Information Act (FOIA) request he sent to spy agency, CIA, only received a ‘Glamor response’ which is neither a denial nor a confirmation.
South Korea is considering launching a zone that will be dedicated to blockchain and virtual currency firms with the aim of developing the ecosystem.
The United Nations Trade Department has authored a white paper, where the potential of blockchain technology is examined for the trade and supply chain industries. This marks a start towards blockchain involvement for the UN.
Research conducted by a team of two at the University of Texas has revealed that a pattern has emerged showing that at pivotal moments the Tether virtual currency was spent on Bitcoin and this assisted in driving the price of the flagship cryptocurrency to record highs.
Brad Garlinghouse, the CEO of Ripple, made a few controversial statements on bitcoin and blockchain technology, dubbed as hype.
SEC’s William Hinman, states that Bitcoin and Ethereum aren’t securities, yet many ICO-related tokens may in fact have the legal status of a security.
This public blockchain will provide key services like issuance of community tokens along with the digital authentication of the public and the document certification on the blockchain platform.
The South Korean Federation of Banks has announced blockchain-based user verification system that will allow bank customers to verify their identity via online platforms, or on their mobile banking applications.
A blockchain-based voting system will provide immutable records while removing all the potential election frauds.