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Major Adoption News For Bitcoin: POS Giant Clover Starts Lightning Trial

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Bitcoin’s adoption into the mainstream – not only as a store of value but also as a means of payment – took a big step forward today. As Strike CEO Jack Mallers announced via Twitter, the Bitcoin Lightning Network went live yesterday with Clover.

On Twitter, Mallers announced that Strike is now an integrated partner with payments giant Fiserv, Clover’s parent company. As a result, Strike has launched a pilot integration with Clover that will allow merchants to accept Bitcoin payments through the Lightning Network.  Read more...

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Sam Bankman Fried Pleads Not Guilty, Trial Date Set By Court

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FTX founder and former CEO Sam Bankman Fried (SBF) appeared before U.S. District Judge Lewis Kaplan in a Federal Court in New York. The former executive pleaded not guilty to eight charges, including those related to wire fraud and conspiracy to commit fraud, allegedly as part of an agreement with U.S. law enforcement agencies.

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Bitcoin Payment Solution In Trial Phase By Bahrain Central Bank Via OpenNode

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According to the latest press release published on September 13, OpenNode is undergoing trials of using bitcoin payments along with the Central Bank of Bahrain’s Regulatory Sandbox application that is curated specifically for Fintech applications.

The primary aim of OpenNode is to show the propensity of Bitcoin to improve and spur the growth of Bahrain’s economy and business sector.

OpenNode states that this solution is motivated by the booming interest in the FinTech economy and digital assets all over the Middle East and other parts of the world.

Basically, CBB’s Sandbox will serve as the testing ground in facilitating BTC payments which were made possible until now.  Read more...

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Bitcoin Is Venice: An Immense Laboratory Of Trial And Error

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The problems with modern housing and urban planning are symptomatic of the high-time preference age in which we live.

Get the full book now in Bitcoin Magazine’s store.

This article is part of a series of adapted excerpts from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers, which is available for purchase on Bitcoin Magazine’s store now.

You can find the other articles in the series here.  Read more...

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Cannabis Stock Destroyed by 81% Decline on Clinical Trial Failure

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Intec Pharma Ltd. is a tiny company in the space of pot stocks, doing clinical research involving cannabis. But one of their drugs failed a Stage III clinical trial. Intec’s stock got crushed and lost 81 percent of its value. Death of A Cannabis Stock Dream Intec has three drugs in its pipeline, including cannabis […]

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OneCoin Crypto Scam Boss Faces Jail Trial after $20 Million Bail Fail

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The CEO of the OneCoin cryptocurrency scam, Konstantin Ignatov, will have to undergo trial while still in custody. The New York Southern District Court’s Judge Edgardo Ramos denied a bond application filed by Ignatov despite the top leader of the cryptocurrency scam having proposed attractive release conditions, as first ported by Finance Feeds. Ignatov is […]

The post OneCoin Crypto Scam Boss Faces Jail Trial after $ 20 Million Bail Fail appeared first on CCN Markets

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Former Mt. Gox CEO Says He Is Sorry But Maintains His Innocence as Trial Closes

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Mark Karpeles, the former chief executive officer of the now-defunct Mt. Gox, has reportedly apologized for the losses that led to the demise of the cryptocurrency exchange. However, the embattled Frenchman insisted on his innocence regarding charges of embezzlement in closing arguments during his trial in Tokyo on Dec. 27.

Also read: Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $ 30M

Sorry But I’m Not Guilty, Says Karpeles

Former Mt. Gox CEO Says He Is Sorry But Maintains His Innocence as Trial Closes
Mark Karpeles

Karpeles is facing charges of transferring $ 3 million of client funds to his own account for investment in a software development business. According to prosecutors, who are pushing for a 10-year jail term, the ex-CEO falsified Mt. Gox’s trading system to make customer balances appear healthier than they in fact were.  Read more...

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Disgraced Bitcoin Exchange CEO Mark Karpeles Maintains Innocence in Mt. Gox Embezzlement Trial

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The former CEO of defunct bitcoin exchange Mt Gox has maintained his innocence during the closing arguments of his trial, Japanese public broadcaster NHK reported. The France-born Mark Karpeles is on trial in Tokyo on charges of embezzling approximately US$ 3.1 million and data manipulation while heading the fallen bitcoin exchange. During the closing arguments, Karpeles

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Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’

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A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s

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Germany’s Central Bank and Deutsche Börse Complete Blockchain Settlement Trial

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Germany central bank Deutsche Bundesbank, and Deutsche Börse have announced the successful completion of a performance test for two prototype blockchain-based securities settlement systems which they developed jointly. In an announcement posted earlier today, it was revealed that the prototype systems support settlement of regular payments, interest payments, securities transactions and repayment when bonds achieve … Continued

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Sydney Uni’s Red Belly Blockchain Hits 30,000 Txs/Sec on Amazon Cloud Trial

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The latest trial from the University of Sydney’s Red Belly Blockchain running on Amazon Web Services (AWS) has clocked 30,000 transactions per second with an average transaction delay of 3 secs. Researchers at the University of Sydney in Australia have concluded new trials of a hybrid blockchain that sits between public blockchains like that of

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Barclays, Citigroup, and Other Big Banks Sign Up for a Trial Blockchain Project

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Barclays, Citigroup, and Other Big Banks Sign Up for a Trial Blockchain Project

Nine banking giants are taking part in an app store trial for programs which are based on distributed ledger technology (DLT), further showcasing their interest towards the field and validating its merits.

Financial News reported on July 27 that LedgerConnect, the lovechild project of foreign exchange processing giant CLS and tech mogul IBM, is in trials. Major banking giants are already lining up to test it out.

Financial News reported on July 27 that LedgerConnect, the lovechild project of foreign exchange processing giant CLS and tech mogul IBM, is in trials. Major banking giants are already lining up to test it out.

Bridge Between New and Existing Technologies

LedgerConnect attempts to provide a comprehensive platform in order to further incentivize banks to take advantage of blockchain projects. The project is designated to deliver easy access to blockchain-based solutions which deal with Know Your Customer (KYC), and anti-money laundering regulations.  Read more...

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Switzerland’s “Crypto Valley” Successfully Completes Blockchain Voting Trial

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Switzerland's “Crypto Valley” Successfully Completes Blockchain Voting Trial

Zug, a city in Switzerland’s Crypto Valley, completed its first blockchain-based municipal vote on July 2, 2018, the Swiss News Agency reports. Hailed as a “success” by local officials, the vote was held using a trial digital ID system announced in June of this year. City authorities, who have issued digital identities to residents since 2017, are currently evaluating different applications of blockchain technology for governance.

The votes, which were placed through a mobile app, allowed residents with digital IDs to provide feedback on matters such as the inclusion “of fireworks at the annual Lakeside Festival, and whether they think digital IDs should be used to borrow books from the library or pay parking fees.”  Read more...

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Salon Joins With AdLedger and IBM to Trial a Blockchain Approach to Ad Tech

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Salon Adledger IBM

A digital media pioneer, liberal news and commentary site Salon launched in November 1995 just as online news was starting to get its teeth. This was back when the internet was still ramping up. Publishers and advertisers had a simpler relationship then.

Despite its wonders, the internet has made advertising models increasingly complicated. Where advertisers and publishers once had a one-on-one relationship, today’s ads go through a series of intermediaries before they reach their target audience. This opens the door to high-tech fraudsters who do things like siphon money away from advertisers by spoofing them with fake impressions. The problem has gotten so bad that, by some estimates, one third of paid-programming impressions are not viewed by actual people.  Read more...

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Blockchain-Based Mobile Data Trading Trial Successfully Concludes

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DENT Wireless Limited and PLDT (HK) Limited have announced the successful completion of a friendly user trial together. In this trial, selected PLDT HK customers in Hong Kong were able to buy and sell their mobile data with each other using DENT’s prototype app for iOS. This prototype, an extension of DENT’s commercial app, is powered by blockchain technology and utilises DENT tokens as the currency for trading.  Read more...

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