Author: Traderman

Deputy Governor of India’s Central Bank Talks About Blockchain Tech

Blockchain technology has been the topic of conversation among high-ranking government officials and the heads of almost every single central bank around the globe. In a speech given in Mumbai at the Mint Annual Banking Conclave on the theme of “Disruption, Innovation and Competition”, Subhash Sheoratan Mundra, the Deputy Governor of the Reserve Bank of India, mentioned distributed ledgers and the challenges that this new technology will impose on India’s …
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Sony Launches Blockchain Innovation Challenge

Tech giant Sony has partnered with Matchi, a matchmaking firm that connects fintech innovators and businesses, on a blockchain competition called the FinTech Innovation Challenge. The event requires participants to design blockchain-based solutions to tackle various challenges in the six different industries; Web Bank Interaction for high Net Worth Individuals; Financial Services for Travelers; Entertainment; Education/Financial Management Services for Youth; Client Engagement for the Underbanked/Underinvested; Super Smart Authentication. The Entertainment …
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Bitcon P2P Lending Platform Loanbase Hacked

Loanbase, a Bitcoin P2P lending platform formerly known as BitLendingClub, has sent a security bulletin to all its customers informing them that a breach has taken place in the early morning hours on the 6th of February. According to the update, the total amount of funds stolen was 8 BTC. Security staff from Loan base estimate that the login details of four customer accounts were compromised. “We detected that the …
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Align Commerce Launches Blockchain Payment Rail to China

  Align Commerce, a blockchain payment solutions provider based in San Francisco, has announced the launch of their new payment rail that will allow its clients to send near-instant payments to and from China. The new payment bridge will give import-export businesses an alternative to traditional wire transfers payments, which are extremely slow and costly when compared to payments on the blockchain. AC’s blockchain-based service also gives clients the ability …
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