Inshorts

“To рurсhаѕе thе nеw hоѕtіng service оn thе blockchain, all customers will use Hostcoin for all purchases and subscriptions.”

The conference Ukrainian Blockchain Day will be held in Kyiv. According to the official site, the event will take place on October 30 and will be devoted to the theme of the blockchain. Organizes the conference CryptoBand, and the headliner of the project iss former vice president of JP Morgan Tone Vays. The press release of the event notes: "This is not a boring meeting. This is a community platform for everyone who is ready to openly share knowledge about blockchain-technologies and build a new future today." There will be 10 speakers, with various topics, including: The Basics of Blockchain and the New Reality of Proof Of Space, Mining as a business and others.

A blockchaın-startup was awarded with a grant from the U.S. Department of Homeland Security (DHS). As informed by Coindesk referring DHS press-release, DigitalBazaar got about $700,000 grant via Small Business Innovation Program (SBIR). Of note, since 2016 the SBIR has already granted the startup for the third time, and the figures added up to a total of a mıllıon dollars. As stated by Doughlas Maughan, director of the department's Cyber Security Division, the project is supposed to implement the blockchain potential to reform identifying online and accessing the internet.

London gold dealer Sharps Pixley will take bitcoins as payment. As reported by The Cointelegraph, Sharps Pixley will take Bitcoins through a payment processor Bitpay, which will help them avoid the risk of fluctuations in the price of cryptocurrency. The CEO of Sharps Pixley Ross Norman noted that: "It is our view that many investors in Bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold and be able to switch across in a simple and cost effective way. That avenue is now open to them." Despite the fact that today bitcoin can already be called digital gold, it still has a long way to go before it rivals the precious metal as a safe long-term investment.

Japanese banks are considering the possibility of issuing J-Coin cryptocurrency. With the approval of financial regulators, J-Coin want to release before the Olympic Games in 2020 in Tokyo, to stop using cash as payment, cites Cointelegraph. This is due to the fact that from 50.75% of the world market share Japan has become the largest market for bitcoins exchange. In addition, in the country, cash transactions cost more than digital transactions. Note also, that J-Coin will not replace the yen - the coin will be exchanged in a "one-to-one" ratio. It is assumed that the cryptocurrency will be released in the coming years, although the infrastructure of the system is not yet clear, it can be based on the blockchain system.

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To implement payments between banks of Canada and the United States, the technology of blockchain will be used. Canada's largest bank Royal Bank of Canada (RBC) led this pilot project. As the Executive Vice-President of RBC on innovation and technology says, the use of blockchain technology will help to speed and simplify the processing of payments and even reduce the cost of their maintenance. The system was developed during the last six months in Toronto, and based on an open source solution developed by the Hyperledger interindustry consortium. To date, the technology already duplicates the main RBC registry, which helps the bank track payments between the US and Canada.

As informed by Swedish Dagens Industri, Nasdaq and Sweden-based SEB financial group are testing the technology for operation of professional investment funds. For simplification of operations in the stock market, the companies have already developed a prototype of the platform allowing all the market players to share the ınformatıon on transactıons ın blockchain. According to Göran Fors, acting head of SEB Investor Services, together with Nasdaq the company will continue to develop the technology and they are also open for collaboration with additional interested parties, because they are striving for developing a uniform market infrastructure. As stated by Magnus Haglind, COO of Global Commodities within Nasdaq’s Global Trading and Market Services, Investment Market is the perfect place to integrate blockchain, and its application will make the industry more efficient. The particular time of the launch of the platform hasn’t yet been announced.

The US Department of the Treasury's Bureau of Fiscal Services has announced its piloting the use of blockchain to monitor asset movement. Such assets include smartphones and computers. Within the framework of the project, the Treasury will determine whether it is possible to track and coordinate it depending on the time, since they are transferred from person to person. For digital recording of the broadcasts, the blockchain technology  will be used. It should be noted, that the Bureau is considering other possibilities for using this technology, for example, in improving the management of public finances.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

Larry Fink, CEO of the BlackRock, an international investment organization, sees great opportunities in digital currency, as Coindesk reports. Fink said in an interview with Bloomberg, that he believes in cryptocurrency and its potential, but before it becomes accepted worldwide, there is work to be done. Fink also added, that they have been asked about cryptocurrency, but due to the volatile and speculative nature of it, their clients are not eager to use it as an asset class.