Mar 13, 2017 at 14:04

Coin Idol Author

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

Cryptocurrency is not popular among terrorists

The cryptocurrencie's role in the financing of terrorism is greatly exaggerated. British analysts at the Royal United Services Institute believe that criminals prefer to use other more proven funding systems, such as scholarships, short-term loans and cash then cryptocurrenc. Today, there has been detected only one case of using cryptocurrency by terrorists. The independent consultant of the Services Institute David Carlisle commented: "Treating cryptocurrencies as an exceptional threat creates the misleading impression that more conventional financial products are not already equally, or more, vulnerable to terrorist exploitation."



Ethereum launches new test network

Ethereum began to develop a stable test network. After the DoS attack on 24 of February on the Ropsten network, the developers were left without a reliable platform for testing. The Kovan development is based on the Proof of Authority proxy authorization algorithm, it will also improve protection against new attacks, a system of uninterrupted upgrades and improved transaction capacity. Ethereum co-founder and Parity Technologies Gavin Wood commented: "I'm excited to be a part of this truly multilateral grassroots community effort and hope it sets us on a path to a more inclusive and decentralised Ethereum ecosystem".



FinTech agreement between the UK and Japan

The new FinTech agreement between Europe and Asia. The United Kingdom’s Financial Conduct Authority and the Financial Services Agency of Japan signed the agreement toward the Exchange of Letters, which is aimed to establish a framework for cooperation between the two countries. The document will also provide guidance and support for FinTech businesses and startups and help them to enter each other’s markets.

Blockchain will change the voting system

New technology for voting. The province of Кёнги-до(Gyeonggi-do) in South Korea used the company engaged in research and development blockchain Blocko, platform developed by Coinstack, to vote for social assistance projects under the program of public organization Ddabok. The developers argue that this is the first application of technology on this scale. The provincial officials noted the effective use blockchain, calling it the technology of the fourth industrial revolution, and suggested that the blockchain will change the world for several years just as smartphones did.



FinTech Chair in Luxembourg

Luxemburg is researching the FinTech field. PayPal Europe, the National Research Fund and the University of Luxembourg signed a Memorandum of Understanding to create a FNR PEARL chair in the field of financial technologies. The new chair is aimed to make the digital technologies more transparent and to improve connection between users, regulators and industries. Prime Minister of Luxembourg Xavier Bettel noted on benefits of partnership with PayPal: «With PayPal, we have found a reputable partner to help create an international fintech center of excellence within the University of Luxembourg».