Wall Street firms to move trillions to blockchains in 2018

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When blockchains first appeared nearly a decade ago as the technical backbone of Bitcoin, the world’s leading cryptocurrency, they seemed to offer the masses a way to cut out the financial middleman. But now the big banks and other industry players are finding ways to spin the new tool to their advantage.

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Six banking giants just decided to partner to create a new crypto currency

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Financial institutions have been taking a good hard look at blockchain, and now, six of the world’s biggest banks have decided the best way to take advantage of the decentralized, distributed digital ledger technology is by partnering on their own cryptocurrency.

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The Pirate Bay is secretly running a Bitcoin miner in the background, increasing your CPU usage

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When it comes to the Pirate Bay, it’s usually movie studios, music producers and software creators that get annoyed with the site — you know, copyright and all that. But in an interesting twist it is now users who find themselves irked by — and disappointed in — the most famous torrent site in the world.

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These “Digital plants” are the first blockchain-based artificial life form

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Plantoids attract humans with their strange, beautiful designs, convince them to donate money in the form of Bitcoin, then “procreate” by commissioning artists to create a new iteration using those funds — and the whole process is automated.

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The promise of managing identity on the blockchain

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Blockchain, the secure distributed ledger technology first created to track bitcoin ownership, has taken on a number of new roles in recent years tracking anything of value from diamonds to real estate deeds to contracts. The blockchain offers the promise of a trusted record that can reduce fraud. Some industry experts say that over the coming years, it could be used to control identity information in a more secure fashion.

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Why is the Kremlin suddenly obsessed with crypto currency

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In early June, Russian President Vladimir Putin attended the annual St. Petersburg International Economic Forum. The headline moment at the event was a wide-ranging and at times combative interview with Megyn Kelly. But Putin quietly made news in another way—he signaled an official volte-face on the issue of cryptocurrencies, digital financial instruments such as bitcoin.

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