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  As major financial institutions began to show interest in blockchain earlier this year, many were vocal in their praise for ethereum, a public blockchain-based platform for decentralized application development. But as has been illustrated by high-profile issues such as the collapse of The DAO and the recent contentious hard fork, the second most popular public blockchain platform is still showing signs of growing pains, ones that could lead to new questions of its underlying technology despite enterprise interest.   However, KPMG US blockchain lead Eamonn Maguire says he doesn't believe enterprise clients see the events as an impediment to progress for the industry at large. While he acknowledges events like the DAO collapse and the hard fork could create poor market optics, he said it hasn’t yet happened as a result of recent events with ethereum. Rather, Maguire said KPMG sees the issues as learning experiences, as well as indications that more attention needs to be given to t

I got this email (see under) today and after reading it thorougly and that for a few times, i found the motivation plausible and acceptable, which is why I am supporting it. Ethereum made a big mistake taking the lead with the DAO, while it was buggy not tested well, odd since the market cap was #5 on CMC. Now they made a mistake and the same way like a child would do, they just reversed it. Reserving it such easily means 1 thing, and 1 thing only. Whatever you made do in the future, your money with Ethereum is not safe, because they already proved to be opposite to decentralization. Ethereum Classic Listing Hello everyone, this is quite unexpected but I will get straight to the point. I support Ethereum classic - in an effort to make sure that blockchains do not become centralized databases we must secure networks and create a large amount of network security. Nick Szabo was the first one to comment on smart contracts - but in an effort to make sure we do not go the same path as our f

In just one month, ethereum has managed to code, deploy, implement and adopt a decision while fully upholding minority rights without one metaphorical shot being fired, showcasing the full power of public blockchains and first class blockchain governance.  In just one day, ethereum dispelled all myths and arguments against public blockchain’s inherent guarantee of rights – hard forks. The main argument, that controversial hardforks are a tyranny of the majority, was proven wrong when Ethereum Classic was provided with a market, thus giving the minority their full freedom.  Likewise, any suggestion that the decision was centralized can not stand when pure free choice is given to all and, technically, the argument that immutability was breached is incorrect as the thief chain continues. Bitcoin’s Dictatorship vs Ethereum’s Democracy Mix These arguments have been used in bitcoin’s land for more than a year, turning all concepts on their head. Specifically, the unspoken but implied argumen

The cryptocurrency is "a commodity like gold," he reports the American authority. But it is also a coin, say the judges. That's how it is transforming the virtual currency and how risky the saver Born in 2009, Bitcoin has officially become a "commodity" like gold or oil or grain. The decision was made ​​a few days ago, the US Commodity Futures Trading Commission (CFTC) in the United States, after investigating two online platforms - Coinflip and Derivative - selling options to buy or sell at the end of some bitcoins. But they did so without the slightest respect for rules of "trading" imposed by the CFTC for all other commodities. The reprimand the two operators because in the future futures contracts, swaps, and the whole family of "derivatives" involving bitcoins to happen with the procedures required by regulators, opens the door to a series of consequences. The first is that the "cryptocurrency" invented in 2009 by

A UK House of Lords committee will meet next week to hear testimony from academics and representatives of the blockchain industry.   Parliament announced today that the Economic Affairs Committee of the House of Lords (Parliament's upper house) will meet on 19th July to discuss blockchain and potential applications for the UK government. The committee will notably feature testimony from Ben Broadbent, the deputy governor of monetary policy for the Bank of England who remarked this past March that a central bank-issued digital currency could have a major impact on banking.   In addition to Broadbent, witnesses set to speak include Digital Asset Holdings CEO Blythe Masters; 11:FS co-founder and director of blockchain Simon Taylor; Imperial College Centre for Cryptocurrency Research associate director Dr Catherine Mulligan; Gresham College professor of commerce Michael Mainelli; and PwC transformation and assurance director Lord Spens.   According to Parliament’s announcement, the hea

Bitcoin services startup Vogogo is closing its cryptocurrency-focused payment processing service next month after it failed to gain traction, a move that comes amid the exits of several executives and reports that at least some bitcoin services will be affected in the near-term.   Announced on 5th July, the move will see Vogogo shutting down its payments service after it completed selling its risk management business. Those two business lines were major elements of Vogogo, which raised $8.5m in venture funding in August 2014 before going public last year.   The closure is notable given the relatively small size of the country's bitcoin industry and Vogogo's position as a visible service provider in Canada.   One bitcoin exchange, Coinbase, which used Vogogo as a payments processor for the Canadian market, has been affected by the shutdown, telling customers in that country that it won't be able to offer support after the end of this month.   Other exchanges that operate in

Even if you have a non-NFC iPhone, Apple Pay works via Apple Watch as well. Apple reveals that it is planning to launch Apple Pay for websites with support for Macs running MacOS Sierra later this year.   Apple announced the upcoming availability of Apple Pay in Switzerland at this year’s Worldwide Developers Conference in June.   According to Apple Pay chief Jennifer Bailey, Apple plans to bring Apple Pay to every major market in which Apple products are sold.   We also work with our network partners, where we can utilize integration with Amex and Visa, to go to market quickly.”   Pay with Apple Pay option Last month, Apple added “Pay with Apple Pay” option to the checkout part on their sites.