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Mastercard Wins Patent for Anonymous Blockchain Transactions, Fintech unicorn Transferwise announces

Mastercard Wins Patent for Anonymous Blockchain Transactions

Financial services giant Mastercard was awarded several new blockchain patents this week, continuing its trend of embracing distributing ledger research even as it expresses open hostility to bitcoin and other cryptocurrencies. However, one particular patent is raising eyebrows. The patent, awarded by the U.S. Patent and Trademark Office (USPTO) on Thursday, outlines a system that facilitates anonymous transactions over a blockchain network. Mastercard first applied for the patent in Dec. 2016. According to Mastercard, the transparent nature of...

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Category: Blockchain

Image & article ref: ccn.com

Fintech unicorn Transferwise announces partnership with UK challenger bank Monzo on international money transfer

Challenger bank Monzo has announced a partnership with fintech unicorn Transferwise on international payments. It marks the second big tie-up for Transferwise in recent weeks, after confirming it was working with France's second largest bank BPCE Groupe. Today, the companies said the partnership will mean Monzo customers can make international payments after the challenger bank integrated with Transferwise's API to help customers send money in 16 currencies straight from their Monzo app. International payments will be rolled out to Monzo's...

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Category: Fintech Digital Banking

Image & article ref: cityam.com

Machine learning will redesign, not replace, work

The conversation around artificial intelligence and automation seems dominated by either doomsayers who fear robots will supplant all humans in the workforce, or optimists who think there's nothing new under the sun. But MIT Sloan professor Erik Brynjolfsson and his colleagues say that debate needs to take a different tone. New research finds that specific tasks within jobs, rather than entire occupations themselves, will be replaced by automation in the near future, with some jobs more heavily impacted than others. "Our findings suggest that a shift is needed...

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Category: Machine Learning

Image & article ref: phys.org

Messaging Giant LINE Announces New Global Crypto Exchange, Excludes U.S., Japan

In an announcement on Thursday, LINE revealed the new exchange will only allow for crypto-to-crypto trading with no exchange between fiat currency and cryptocurrencies. In an excerpt, LINE said: With the need to trade cryptocurrencies rising around the world, LINE has been preparing to provide opportunities for users to do so securely, and as the secure system is in place now, the company will be offering the service. The exchange platform will be available in 15 languages with notable exclusions in Japanese and Thai. LINE is Japan’s biggest messaging service...

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Category: Crypto Exchange

Image & article ref: ccn.com

US House Unanimously Passes Bill to Help Fight Illicit Use of Cryptocurrencies

The U.S. House of Representatives has unanimously passed a bill to help prevent the illicit use of cryptocurrencies, including bitcoin, dash, zcash, and monero. This bill follows a testimony by the Secret Service asking Congress for help stopping these activities. The bill was considered by the House on Monday, June 25, and “passed unanimously,” according to California Rep. Juan Vargas, the representative who jointly introduced the bill with Rep. Keith Rothfus, announced. The Republican Policy Committee website describes: H.R. 6069 would require the Government...

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Category: Cryptocurrency Regulation

Image & article ref: news.bitcoin.com

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