Swiss Regulator Grants First-Ever Banking Licenses to 2 Blockchain Firms

Swiss Regulator Grants First-Ever Banking Licenses to 2 Blockchain Firms 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Blockchain projects around the world have been seeking approval, or for that matter, concrete guidance, from regulators such as FINMA for the last several years. FINMA, the Swiss financial regulatory watchdog, has approved two requests for banking licenses. The two licenses were issued to blockchain businesses. These regulatory strides are not likely to directly impact other jurisdictions but more so will impact how regulation is formed everywhere else. Only time will tell how these regulations impact innovation. What a great day for Switzerland as a #Blockchain and…

Andrew Yang’s Blockchain Voting Scheme Is Unbelievably Dumb

Andrew Yang's Blockchain Voting Scheme Is Unbelievably Dumb 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Andrew Yang wants to mandate blockchain-secured smartphone voting. That’s an unbelievably dumb idea from the 2020 presidential candidate. | Source: Chip Somodevilla / Getty Images / AFP By CCN Markets: Andrew Yang wants your vote. And if he gets it, he promises that when you vote for him again in 2024, you’ll do it on a smartphone. And that the vote will be recorded on a blockchain. According to the 2020 presidential hopeful’s website, Yang believes that his “Modernize Voting” policy will increase voter participation and reduce “tampering” and “hacking.”…

African Country Turns to Blockchain to Stem Deadly Fake Drug Epidemic

African Country Turns to Blockchain to Stem Deadly Fake Drug Epidemic 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Uganda, an African country where thousands are dying each year due to counterfeit medicine, wants to put an end to its fake drugs epidemic by utilizing the blockchain. Putting an End to a Deadly Disease Fake drug counterfeiters cause as many as 158,000 people to die in sub-Saharan Africa each year in a $200 billion worldwide market. They produce look-alike medicine that contains little-to-no active ingredients as well as harmful elements, WeeTracker reported. Africa is more exposed to the counterfeit drugs epidemic than other continents as it lacks the technical…

Every Rent Contract to Be Registered on the Blockchain

Every Rent Contract to Be Registered on the Blockchain 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Prime Minister of Malta, Joseph Muscat, has announced that the island nation’s upcoming rent law reforms will require all tenancy contracts to be registered on the blockchain. According to Malta Today, Muscat stated: “Every rent contract in Malta will be registered. The system we will be using to register the contracts is blockchain – distributed ledger technology.” Blockchain Technology Will Make Rent Contracts Tamper-Proof According to Muscat, this will protect the tenancy agreements from being tampered with. Muscat also hinted that the island nation of slightly under half a…

Electronics Giant Samsung Prioritizes Blockchain in 10-Year Roadmap

Electronics Giant Samsung Prioritizes Blockchain in 10-Year Roadmap 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Samsung Electronics vice chairman Jay Y. Lee has revealed a marked focus in future technologies – part of its 10-year strategy – with a focus on blockchain, artificial intelligence (AI), and 6G. Lee, who is often seen as the face of the Samsung, held meetings last week with some of the company’s executives about the potential collaboration with emerging technology platforms. The technology giant is willing to invest and work with companies building up these nascent technologies. Samsung has already made significant strides into the blockchain ecosystem…

Blockchain Experts Slam Facebook’s Crypto Libra

Blockchain Experts Slam Facebook’s Crypto Libra 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Published: 19/06/2019 08:33 EST. Journalist: By CCN Markets: A lot has already been said about Facebook’s Libra cryptocurrency and its ambition to disrupt the finance world. But what about the blockchain technology that powers it? Blockchain experts have poured over the technical documents and played with the Libra protocol testnet. Suffice to say, they’re not convinced about Libra’s claims. Facebook launched the Libra protocol blockchain testnet on Tuesday, but experts aren’t convinced. Source: Libra “A disaster in slow motion” Bitcoin developer Tamas Blummer offered the most damning assessment of the…

‘Most Ambitious’ Blockchain Startup Since Ethereum Raises $15 Million

'Most Ambitious' Blockchain Startup Since Ethereum Raises $15 Million 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: A blockchain project called Helium has raised $15 million in a round led by enthusiastic technology investors like Multicoin Capital and Google (via venture fund GV). Multicoin wrote a passionate blog post, praising the project as one of the most ambitious crypto ventures since Ethereum itself. Helium reportedly will bring reduced costs to deploying wireless networks, as Multicoin partner Tushar Jain explains:  “The Helium vision is the most ambitious we have seen in the blockchain space since the advent of smart contracts on Ethereum: Helium represents a…

Most Blockchain Platforms Will Need Replacing in a Couple Years: Report

Most Blockchain Platforms Will Need Replacing in a Couple Years: Report 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Most enterprise blockchains have been mistargeted. They will need replacing in a couple of years. Gartner did a study that found up to 90% of the blockchains in use today will need to be replaced in just a couple short years. “By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to Gartner, Inc.” Gartner says the blockchain market is fragmented. | Source: Twitter Impact to Business: $200 Billion The report isn’t all doom and…

World’s Biggest Banks Splash $63 million on a Blockchain Digital Currency

World's Biggest Banks Splash $63 million on a Blockchain Digital Currency 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

 By CCN: Some of the world’s biggest banks are partnering with London-based Fnality International to create a blockchain digital currency for faster cross-border transfers. These banks from Japan, Europe, and the United States are hoping that issuing a utility settlement coin (USC) will lower transaction costs of cross-border payments by cutting out intermediaries. Fnality International has received $63.1 million in capital from the 14 participating banks. These banks include Barclays of Europe and the United States’ State Street; Japan’s MUFG Bank and Sumitomo Mitsui Banking Corp as well as UBS…

These US Insurance Giants Will Pay Each Other on a Blockchain

These US Insurance Giants Will Pay Each Other on a Blockchain 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: USAA and State Farm have reportedly closed a deal that will see them using the blockchain to pay each other. So when two people get in an accident, and they’re represented by either of the companies, the company that has to pay will eventually be using a blockchain solution to settle the inter-company payment. Billions Per Year Settled On Blockchain The claims amount to billions of dollars a year, which is a lucrative volume that blockchains can settle in minutes. The advent of stablecoins and clearer regulations have…