Goldman Sachs, leading U.S. investment banking group, is exploring cryptocurrency trading derivatives, Goldman Sachs Chief Operating Officer (COO) said in an interview with Bloomberg, June 20.
COO David Solomon stated that the company is already assisting clients in publicly-traded derivatives such as Bitcoin (BTC) futures, and that the company is “very cautiously” considering “some other activities” in the field. Goldman Sachs CEO Lloyd Blankfein also confirmed his positive stance on cryptocurrencies, claiming that the adoption of digital coins like Bitcoin could happen similarly to the adoption of paper fiat money, which replaced gold and silver coins.
Thus, the adoption of crypto by financial institutions is growing which may eventually give the necessary impulse to the industry.
EOS has frozen seven accounts compromised by the registration process through phishing scams, according to a Steemit post by EOS42, an EOS block producer (BP) candidate. Thus, it led to allegations that BPs have violated their own constitution.
The impetus for the account freezing came from the EOS911 initiative, created by EOS42, that is designed to help the victims of EOS phishing attacks and those with compromised private keys. EOS Block Producers discussed the decision to freeze the accounts over a two hour conference call, ultimately deciding that since the EOSIO constitution has not yet been ratified, they could ignore the EOS Core Arbitration Forum’s (ECAF) decision not to freeze the funds. The fact that a decision could be made by a small number of players on a conference call has led to several crypto influencers on Twitter bringing up questions about EOS’s decentralized format.
The Bank of International Settlements (BIS) has said that cryptocurrencies cannot scale to function as money, in an article published yesterday, June 17, as part of its annual economic report.According to the BIS – an organization based in Switzerland made up of 60 of the world’s central banks – cryptocurrencies will not be able to scale to become a medium of exchange in a global economy. The BIS report outlines three key “shortcomings” that will prevent crypto from replacing money – these being “scalability, stability of value and trust in the finality of payments.” BIS criticizes the decentralization of cryptocurrencies as a flaw rather than a strength, alleging that “trust can evaporate at any time because of the fragility of the decentralised consensus through which transactions are recorded.” At the same time, the CEO of Goldman-backed firm Circle, Jeremy Allaire said that every currency in the world will have its own cryptocurrency version and "it seems inevitable at this point". Allaire's start-up offers a blockchain-powered app that lets people send money to each other for free. The $3 billion company is backed by U.S. investment bank Goldman Sachs and Chinese internet giant Baidu. Earlier this year they bought cryptocurrency exchange Poloniex. Circle recently said it wants to introduce a stable coin pegged to the U.S. dollar, called "USD Coin."
A group of Oxford professors are seeking full-degree granting powers in the EU for the world’s first “blockchain university”.
According to the team of academics behind Woolf Development, led by Joshua Broggi from Oxford, blockchain tech and smart contracts can help democratize the traditional structure of higher education.
The proposed “blockchain university” will adopt the traditional Oxbridge course and collegiate structure by focusing on individual tutorial-led modules that will be available to students either on- or offline. Woolf’s whitepaper suggests that a blockchain-powered university can address many of the issues currently affecting universities worldwide, including sky-high tuition fees for students, cumbersome bureaucracy and administration costs, precarious and underpaid academic teaching posts. Moreover, the immutability of blockchain can function to prevent students from falsifying their academic records, with smart contracts automating students’ attendance, credits and academic paper submissions.
More info: https://icocrunch.io/ico/woolf/
Adblock Plus developer eyeo GmbH will use blockchain technology in its browser extension Trusted News.
Ben Williams, the company’s director of ecosystems said that the project is merely in its testing stages, and that eyeo wants to determine whether the product is something users find helpful. He also said that there will be no “whitelist” by which certain websites might bypass ratings.
The extension works with the MetaCert protocol, which uses an anti-fraud URL registry to maintain the database for the project. The database will eventually be migrated to the Ethereum blockchain. The company also plans to issue MetaCert tokens to track rewards and to avoid the risk of bad actors manipulating or spoiling data.
Trusted News has been launched in beta and so far is only available for Chrome.
Singapore-based blockchain startup VeChain (VEN) and global logistics provider DB Schenker have co-developed a blockchain-based supplier evaluation system.A new decentralized application (DApp) will use the VeChainThor blockchain to score DB Schenker’s third-party logistics partners in China based on collected data – the result being an evaluation for services such as packaging, transportation, and the quality of goods. The Vechain Foundation claims that the DApp is the first ever implementation of blockchain for supplier management purposes. Earlier this year, leading members of the logistics industry – which employs the most people in the world – told Cointelegraph that blockchain technology is “a matchless solution” for innovating the transfer of goods, services and value globally.