Deutsche bank refuses gold delivery on demand for an ETC? This is exactly the kind of problem being solved in the blockchain world – Sep 2nd 2016

For years and years people have worried that ETF’s (exchange traded funds) and ETC’s (exchange traded commodities) blowing up to a lack of physical commodity backed behind could be one of the next triggers for a crisis. How do you prove that issuers of these paper securities really are buying and storing the underlying securities on your behalf…

Banks to issue new digital currency? August 22nd, 2016

UBS, Deutsche Bank, Santander and BNY Mellon are reportedly coming together in an effort to create and launch a new digital currency. They are reportedly already pitching the idea to central banks and aiming for an early 2018 commercial launch. “Today trading between banks and institutions is difficult, time-consuming and costly, which is why we all…

After the Hard Fork…. ETH and ETC musings…

So July 20th has come and gone… and the long debated hard fork happened in Ethereum to resolve the previously attacked  funds in the DAO. Prior to this event, it was probably a safe assumption to say that the worst possible outcome would be to have two competing blockchains as it would weaken the very…

TheDAO Hardfork, where do we stand? July 13th, 2016

After a failed attempt at getting a soft fork of the ground, it looks increasingly like we will go straight to a hard fork in the coming days according to carbonvote.com statistics. It seems that c. 82% are in favour ….but what does this mean… It took some time, but large confusions have been cleared up about a hard fork…

Robin Hood – Counter attacks! ETH + 30%, DAO +50%

After the mass panic we saw in the crypto space the last few days, a huge recovery in the price of ETH and DAO suggests something is cooking this morning…. And it certainly is….Last night at around 7pm CET a group of people picked up on a new attack that was draining DAO funds… The response?…

Paypal files patent for crypto-payment – June 22nd, 2016

Has anyone noticed that Paypal has slowly been positioning itself to have a large involvement in the crypto world? On January 12th 2016, Paypal made an interesting new addition to their Board of Directors, a man who is legendary in the Bitcoin space. Wences had the vision to set up one of the first Bitcoin wallets…

The crypto flash crash…what happened? June 20th, 2016

Tremors echoed through the crypto markets early Friday morning as Reddit posts started indicating suspicious activity, soon confirmed to be an ‘attack’  on the DAO. The attack drained  a total of approximately 3.6m ETHER from the DAO amounting to almost $60m (!). The community was quickly divided about how this event should be classified. One school of…

Bank of Canada Experimenting With Blockchain-Type Technology – June 16th, 2016

A recent three-day event in Washington, DC, hosted by the World Bank, the Interntional Monetary Fund and the US Federal Reserve, included representatives from over 90 central banks worldwide focusing on blockchain and fin tech. During this event, it was revealed that most Central Banks have assigned focus groups to work on blockchain and its potential implications: As…