Vitalik Buterin, the creator of Ethereum, has donated Ethereum worth $763,000 to Machine Intelligence Research Institute (MIRI). The MIRI has received two-thirds of donations through cryptocurrencies. The MIRI has received twice the estimated value as donations in the previous year. The acquired funds are set to be used to overcome risks connected to artificial intelligence.
Hagan Homes, a home-builder firm in Northern Ireland has revealed its intention to accept bitcoin as payment. The managing director of the company, Jamesy Hagan emphasized that the bitcoin payment is as similar as cash transactions. He addressed that are risks associated with bitcoin payments and clarified that the buyers and sellers are finding methods to deal them.
Two board members including president Johann Gevers of Switzerland-based Tezos Foundation have stepped down their position. The pair will be replaced by Ryan Jesperson and Michel Mauny. The reason said to be is the compromise in the contract of Mr.Gever. in the midst of the dispute, investors filed 4 different class-action lawsuits against Tezos Foundation and Dynamic Ledger Solutions, Inc.
California, Massachusetts, Missouri, Montana, and New Hampshire are the 5 states where the residents can buy/sell bitcoins along with 14 other cryptocurrencies in the Robinhood app. The move was to bring cryptocurrencies to a larger audience of investors. The company has announced the launch of Robinhood Feed, a social-media platform enabling investors to discuss cryptocurrencies.
Nasdaq stock exchange had determined to delist Long Blockchain’s securities. The notification letter from the stock exchange highlighted, “Company made a series of public statements designed to mislead investors.” The company appealed to a Hearings Panel. The company has stayed away from compliance rules. Conditions had been imposed to maintain the listing.
Calastone’s report accentuated that adoption of blockchain could fetch benefits to the asset management company cutting $2.5 billion a year. The mutual fund transaction company researched with Deloitte data and presented the basis point savings. Jullien Hammerson, the CEO of Calastone revealed the use of blockchain led to automated mutual fund transactions.
Digital money platform Uphold had bought Cortex MCP and uses the company’s wallet tech to develop tools for paying in both cryptocurrency and government-issued currency. The move comes after a month Uphold announced $57.5 million investment from former Ripple Executive Greg Kidd. Part of those funds to go for assisting Uphold’s loss assurance program
Ledger startup Ripple added two banks Itaú Unibanco from Brazil and IndusInd from India along with other money remittance companies- InstaRem from Singapore and Zip Remit Canada to facilitate real-time international payments. This would allow the members of Ripple to process a large number of payouts in Southeast Asian countries with help of InstaRem’s Secure rails.
In an interview with Wall Street Journal, Paypal Executive said that there are possibilities for bitcoin to be a popular payment method. However, Paypal added that the cryptocurrency is currently unreliable due its unstable condition.
Neuromation and Longenesis merge to use blockchain technology for the healthcare data. Estonia based Neuromation and Hong Kong-based Longenesis’ collaboration is said to be twofold in which the training is done first and with that consumption of data is noted. This would benefit practitioners in medicines.