British

100 years ago, Henry Ford proposed ‘energy currency’ to replace gold

In 1921, American industrialist Henry Ford proposed the creation of an “energy currency” that could form the basis of a new monetary system — offering striking similarities to the peer-to-peer electronic cash system outlined in Satoshi Nakamoto’s 2008 Bitcoin (BTC) whitepaper. Front page of the New York Tribune dated Sunday, December 4, 1921. Source: Library of CongressBitcoin as an energy currencyOn Dec. 4, 1921, the New York Tribune published an article outlining Ford’s vision of replacing gold with an energy currency that he believed could break the banking elites’ grip on

Pranksy Drops $336,000 on Fake Banksy NFT

Well-known NFT collector Pranksy has been the victim of an elaborate hoax that cost him more than $300,000.Sponsored Sponsored Twitter was ablaze with rumors of an official Banksy NFT being posted for sale on OpenSea on Tuesday. The listing caught the eye of famous British NFT collector and Co-Founder of NFTBoxes, Pranksy. Pranksy currently owns more than 39,000 NFTs on OpenSea. The listing gained further traction when it was discovered that a subpage on Banksy’s official website appeared with NFT information on it earlier in the day. The page featured

Join Third Annual Edition of Finnovex Middle East Summit: Hybrid Experience

Exibex welcomes you to Finnovex Middle East, the Leading Summit on Financial Services Innovation and Excellence where the best minds in the Banking and Financial Services Industry converge. Sponsored Sponsored They are all set to witness the presence of 30+ industry visionaries, who would share case studies for you to learn from and exemplify exceptional organizational friction points, innovations, and accomplishments. Here is the Sponsors Roll-Call for this year’s edition:Sponsored Sponsored Powered By – RAKBANK Officially Supported By – Dubai International Financial Center (DIFC) Platinum Sponsor – SmartStream Gold Sponsors

Why this British billionaire’s family office wants more Bitcoin, crypto-investments

The growth of institutional investments in the mainstream cryptocurrency ecosystem, as well as in DeFi, has been phenomenal over the past year. A number of venture capitalists have made direct or indirect investments in the space through a number of channels. The latest addition to the same is British billionaire Simon Nixon. “Hard to ignore” The billionaire is planning to expand his crypto-allocations through his London-based venture capital firm Seek Capital. According to the Managing Director of the family office, crypto-assets have grown to acquire a significant share of interest

US authorities charge three suspects in the massive Twitter hack.

A British man, a Florida man, and a Florida teen have been charged by US authorities in relation to the Twitter hack of prominent politicians, celebrities, and technology moguls to scam people around the globe out of more than USD 100,000 in Bitcoin, authorities said Friday. Graham Ivan Clark, 17, was arrested Friday in Tampa, where the Hillsborough State Attorney’s Office will prosecute him as an adult. The 17-year-old will faces 30 felony charges.  Hackers sent out fake tweets soliciting bitcoin from compromised accounts.  The hackers managed to access the

Revolut Offers Cryptocurrency Service to its 7 Million Users Amid COVID-19 Crisis

The outbreak of the Coronavirus pandemic has affected the economic growth of many countries around the world.  Most financial institutions are forced to proffer different initiatives to mitigate the harsh effect of the virus on the global financial market. Central banks continue to print more banknotes to stimulate the economy in the fight against the outbreak. However, many reports have revealed that banknotes are potentially not safe during this time as they could help transmit the virus from one person to another. There is also the fear that excess money

Silk Road Founder Shares Health Update from Jail 

Ross Ulbricht, the founder of the once-popular Dark Web marketplace Silk Road, has shared his health update with members of the tech and crypto communities in the wake of the coronavirus pandemic.Ulbricht was identified as the marketplace’s creator in 2013, and he’s been in jail for about seven years. However, with the coronavirus pandemic causing special attention to prisons, he’s come out to put everyone at ease on his health. Prisons: Petri Dishes for VirusesIn a tweet posted earlier this week, he explained that he’s completely fine and doesn’t know anyone in

Japan Launches Digital Court Based On Blockchain Technology

Researchers across the globe have come together and developed a digital court system based on blockchain technology. The court itself will be used in cases like auctions, sales, contracts, as well as other civil matters, at least for a start. The digital court will identify then punish individuals who have deviated from their respective legal obligations.New Courtrooms Are DigitalProfessor Hitoshi Matsushima, coming from the University of Tokyo, led the project alongside Shunya Noda, from the University of British Columbia. Through the press release, the Japan and Canada-based researchers explained that

Professors Are Building a Blockchain-Based Digital Court

Professors are building what they call a “digital court for a digital age” via blockchain technology.They believe that this effort will “save time, money, and effort.” That, and of course, information can not be altered once it is on the blockchain.The two professors, Hitoshi Matsushima and Shunya Noda, the former at the University of Tokyo and the latter at the University of British Columbia in Canada.Of course, this system would ensure legal disputes could take advantage of the technology, a field that hasn’t been much explored.Speaking on the matter is