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blockchain to fight fake news NEWS REGULATORS 

Social Media Giant Twitter Looking into Blockchain to Fight Fake News Says CEO Dorsey

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Jack Dorsey, CEO of the social media giant Twitter, testified before a U.S. Congressional committee on Wednesday, confirming that Twitter is considering the use of blockchain to fight fake news and prevent online scams. U.S. Congress is currently probing into the potential political bias among tech giants Twitter, Google and Facebook, questioning CEO’s such as Dorsey and Zuckerberg of Facebook, to identify what steps they are taking to prevent future election meddling. Doris Matsui, a representative of California, questioned Dorsey during a House Committee on Energy and Commerce hearing about user…

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FTSE / NASDAQ NEWS 

Google Expands Big Data Analytics Tool to Explore Ethereum Blockchain

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Internet search giant, Google expands its Big Data analytics tool to explore Ethereum blockchain using BigQuery, a web service that provides interactive analysis of massively large data-sets, powered by Google Storage. Chrome users are now able to access a daily dose of all of the data stored on Ethereum’s blockchain, by way of BigQuery, a new Google plugin that provides visuals and a variety of tools for analysing the Ethereum platform. In a blog post announcement made on Saturday, the tech behemoth explained that until now, there have only been app platforms for checking transaction status or…

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coinbase launches crypto gift cards NEWS REGULATORS 

Coinbase Launches Crypto Gift Cards for Major Retailers in Partnership with WeGift

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One of the world’s biggest cryptocurrency exchanges, Coinbase launches crypto gift cards for its European customers, enabling them to purchase goods and services using their crypto assets with over 120 major brands including Amazon, Tesco, M&S, Thomas Cook and Uber. The new feature comes a few months after securing an e-money license from the UK’s financial regulator. Partnering with digital gift card startup WeGift, customers can convert upto $5000 per day of their cryptocurrency stored in their Coinbase wallets into gift cards.

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banking industry to launch crypto tokens FTSE / NASDAQ NEWS 

RBS Leading Banking Industry to Launch Crypto Tokens with R3’s Corda Technology

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RBS, one of the world’s 30 largest financial institutions, has confirmed that it has been leading a consortia of banks to develop an enterprise blockchain standard platform entitled Cordite, which will allow the banking industry to launch crypto tokens on one network. Utilising the coding of R3 Corda blockchain technology, the open source CorDApp aims to do what the ERC-20 standard did for Ethereum, ensuring that all tokens adhere to a set of functions, anywhere within the Cordite system.

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Sergio Ermotti, CEO of UBS believes blockchain technology INFLUENCERS NEWS 

Sergio Ermotti, CEO of UBS Believes Blockchain Technology is “almost a must” in Banking

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Sergio Ermotti, CEO of Swiss financial services giant UBS believes blockchain technology is “almost a must” for banking. In an interview with CNBC on Monday, he revealed that he is convinced that the technology: “will be as crucial and disruptive, and changing as regulation was in the last 10 years.” Ermotti said the focus is on the future, as he sees the cost base of the banking industry transforming over the coming five to ten years, he stated: “The only way you can stay relevant is not only by being strong…

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FTSE / NASDAQ NEWS 

Crypto Miners ‘Argo’ to be First Blockchain Company Listed on London Stock Exchange

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Crypto mining as a service company (MaaS) Argo, is set to be the first blockchain company listed on London Stock Exchange this week. UK-Canadian company Argo Blockchain have built a data centre that runs off cheap, green hydro-power and will sustain mining at scale. With a team of just 20 people and a prolific angel investor, Gil Penchina involved, the company has stated that it expects to be valued at around £40 million, with the aim of raising £20 million in the listing.

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art market with blockchain andy warhol BCTECH NEWS 

Revolutionising the Multi-Million Pound Art Market with Blockchain and Andy Warhol

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Blockchain startup, Maecenas aims to transform the $65 billion art market, beginning with a multi-million pound Andy Warhol piece, to be sold in a tokenised auction sale taking place in London. Ownership of a work of art will be placed onto the blockchain, utilising it’s immutable ledger technology to create tamper proof certificates, that can be bought and sold in fractions, or shares. Notoriously, an industry reserved for the super rich, Marcelo Garcia Casil, Founder of Maecenas said it is aimed at “democratising access to fine art” for all.

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sap launches blockchain FTSE / NASDAQ NEWS 

Global Enterprise Software Giant SAP Launches Blockchain Service

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Global software giant SAP introduces Blockchain as a Service (BaaS) to its SAP Leonardo service, with Hyperledger Fabric and MultiChain. Through the inter-connectivity of emerging technologies such as artificial intelligence (AI) and the internet of things (IoT) into “one ecosystem”, SAP have outlined their plan to take on Salesforce in the CRM market. CEO, Bill McDermott stated that the company “was the last to accept the status quo of CRM, and is now first to change it. That’s a guarantee.”

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NEWS REGULATORS 

EU and US Legislators Discuss Blockchain Regulations for Business

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EU and US legislators discuss blockchain regulations for business, agreeing that in the absence of official guidance, regulatory ‘sandboxes’ are the best approach. Eva Kaili of the EU said it may take a few years for the blockchain industry to be fully regulated. Meanwhile, US Rep David Schweikert said the ‘fog’ we are in now may actually be beneficial.”

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htc blockchain phone BCTECH NEWS 

HTC to Release a Blockchain Phone This Year

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HTC announces its new blockchain phone ‘Exodus’, it will serve as both a mobile connecting point to blockchain networks and a storage device for cryptocurrencies. Heading the blockchain initiative is HTC Vive founder, Phil Chen, who said they are looking to integrate protocols like ethereum and DFinity within the blockchain phone. HTC aims to start distributing the device with an unprecedented ‘pre-sale’ exclusively to the crypto community, accepting bitcoin and ethereum as payment. He stated: “We’re looking to ship by the end of this year”.

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nasdaq cryptocurrency trading platform FTSE / NASDAQ NEWS 

DX.Exchange Announces Nasdaq Cryptocurrency Trading Platform

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DX.Exchange have announced the launch of the world’s first Nasdaq cryptocurrency trading platform, providing regulated, easy trading for all. By implementing the US stock market giant’s ‘Matching Engine’, the most widely used electronic exchange component of its type in the world, they aim to deliver “a one-of-a-kind, fair trading experience, that puts the traders first”. DX said it is fully regulated in the European Union and will open in June 2018 with the market’s top six cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).

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facebook blockchain team FTSE / NASDAQ NEWS 

Zuckerberg Dedicates Top Execs to New Facebook Blockchain Team

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Zuckerberg moves highest ranking executives to build a Facebook Blockchain Team, marking the biggest restructuring in the companies history. The team head will be David Marcus, former President of Paypal and currently a Board Member of Coinbase, the popular digital currency exchange. Cryptocurrency related products have seen an uptake from millennials, and could potentially disrupt his networking market. However, with a board that includes venture capitalists Marc Andreessen and Peter Thiel, very active investors in blockchain, Facebook is not to be underestimated.

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many hands offering coins into a money box NEWS REGULATORS 

What is an ICO?

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ICO is an abbreviation for an initial coin offering.  Essentially it is crowdfunding that is driven by a cryptocurrency, which is used to finance a startup company. The fundraising method was pioneered by Ethereum in 2014, it has successfully powered the growth of ‘Smart Contracts’ and continues to enable groundbreaking technology and innovations to be developed.

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blockchain technology BCTECH NEWS 

Blockchain Technology Explained

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Blockchain Technology:  To this day, we only know that Satoshi Nakamoto is the name used by the unknown person or people who designed the first blockchain to support the Bitcoin cryptocurrency launched in 2008. OK so what is it? Blockchain is a Distributed Ledger Technology (DLT). 

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