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The UN Wants to Adopt Bitcoin And Ethereum

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The UN Wants to Adopt Bitcoin And Ethereum – And Soon Michael del Castillo The United Nations (UN) is in the final stages of what could be one of the most epic blockchain projects of all time. After successfully using the ethereum blockchain to  transmit  Pakistani rupees to 100 people earlier this year, the UN's World Food Program (WFP) is arranging extra security to ensure it safely executes the next stage of its work. A pilot test, scheduled to begin in Jordan on 1st May, will see the WFP sending an unspecified number of rupees to more than 10,000 recipients in need of financial support and extra food, with the goal of expanding the number of recipients to 500,000 people by 2018. To protect the privacy of the recipients, the exact amount to be dispersed is not being revealed. But the technology being developed is part of an even bigger push to make the UN's services so resilient that they could survive even the destruction o...
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Government-Backed Firm to Launch Blockchain IDs in Luxembourg

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Government-Backed Firm to Launch Blockchain IDs in Luxembourg Stan Higgins A major digital identity firm backed by the government of Luxembourg is building a new platform alongside US startup Cambridge Blockchain. The initiative, unveiled today, sees the Cambridge, Massachusetts-based startup partnering with LuxTrust – a company formed in 2005 as part of a big push toward digital identity solutions within Luxembourg that began in the early 2000s. The state of Luxembourg owns two-thirds of LuxTrust, with the remainder held by a consortium of banks and financial institutions that utilize its services. That firm is now moving to integrate blockchain, setting the stage for at least some of its  500,000-strong subscriber base  to utilize the tech in some capacity. According to Cambridge Blockchain CEO Matthew Commons, the partnership grew out of initial conversations around digital identity, building on what he described ...
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Current News on Digital Currency

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Charts: Bitcoin's Golden Price Streak Comes to a Close FEATURE Bitcoin turned heads this month when its value exceeded the price of gold, but just weeks later, the digital asset has fallen off the pace. The digital currency  surpassed  the per-spot ounce price of gold on 2nd March, when it traded for $1,238 and gold was listed at $1,237 on the XAU/USD spot exchange rate provided by  Bloomberg Markets . The event marked the  second time  in history bitcoin was worth more than gold. This time round, bitcoin was trading high amid optimism that the SEC could soon approve a bitcoin ETF for retail investors. Still, bitcoin didn't enjoy this superior position for long. According to the  CoinDesk Bitcoin Price Index  (BPI), prices have fallen sharply since the  eventual rejection  – a trend that continued amid uncertainty about the future of its  technical roadmap . Days of glory Ov...
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The Biggest Mistake I Did When Learning Data Science Which took me a long time to realize

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I would like to start with stating a ground truth just in case you have not realized by now: Data science is an extremely broad field. Data science can be applied to any business or industry where we can collect data. Besides, the advancements in data-related technology has made it easier than ever to collect, process, store, and transfer data. Thus, it is safe to say that data science applications will cover a broader scope in the future. Although data science is ubiquitous, its applications differ greatly in different domains. It would be an uphill battle to learn about all data science applications. I now consider it as a battle that is impossible to win. It is in your hands to turn this battle into an achievable target. You should set your goal towards being a specialist rather than a generalist. This is how you make great impact as a data scientist. Being a jack of all trades but master of none will get you only to a certain point. What you can achieve at that point wi...
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Japanese Banks Trial Virtual Currency For Funds Transfers

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Japanese Banks Trial Virtual Currency For Funds Transfers Stan Higgins Members of a Japanese bank consortium focused on blockchain are set to test a virtual currency-based funds transfer system. Institutions including Bank of Yokohama, Mizuho Financial Group and Resona Bank are taking part in the new trial, according to a report from  Nikkei . The test is the latest from the unnamed consortium, which is led by financial services firm SBI Holdings and a joint venture between that firm and distributed ledger startup Ripple, first  launched  in January 2016. More than 50 institutions are  part of the initiative , which has  tested  other applications of Ripple's tech in the past. According to  Nikkei , the banks want to assess the ability to send domestic fund transfers outside of normal operating hours, as well as to see how a virtual currency used between banks could cut costs. Further, the banks are said to be we...
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