The launch of Europe’s first blockchain research facility is in today’s cryptocurrency news. This is the first dedicated facility with the most advanced technology based in Edinburgh, Scotland.
Blockpass Identity Lab is a pioneer in blockchain researching that will focus on finding new ways in which the blockchain technology can be applied while protecting all personal data. This laboratory is a part of the Edinburgh Napier University and is a collaboration with a Hong Kong-based identity application company that is, of course, blockchain-based.
Both of the labs signed a three-year partnership with more than $200.000 in funds in order to support the research staff which is mostly consisted of Ph.D. students. They will mostly focus on protecting identity and build new infrastructure that will respect the privacy and consent of the users.
“This exciting work to explore how blockchain technology can protect personal data from online scammers and hackers carries on the tradition of innovation and excellence exemplified by John Napier,”
says Kate Forbes, the Scottish Minister for the Digital Economy.
Before the launch of the research facility, there will be a conference held about advanced cryptography and digital identity. Also, there will be a hackathon where users must develop prototype apps that will focus on digital identity.
This research is extremely important since there’s so much attention focused on data breaches mostly in the United States and companies that are based there such as Yahoo and Equifax. Also, most of the victims of identity theft are from the United States and Europe where Blockpass Identity Lab will be based.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
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- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
- 21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto
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