Sid Kalla
More from this author
DBS Bank, the largest bank in Singapore by asset value, is hosting a blockchain hackathon from 8 May to 9 May 2015. The hackathon comes with a cash prize of $15,000 for first place, $10,000second place, and $8,000 for the third place.
The Swiss global financial services company, with headquarters in Switzerland, will investigate Blockchain and other Distributed Ledger technologies along with Smart Contracts.
In a Pantera Capital research letter the CEO of Pantera, Dan Morehead, compares the price action of Bitcoin with major stock indices. Morehead believes there are parallels between Bitcoin’s price and the NASDAQ composite - when it was in a bubble phase, and subsequent crash during 2001-2002.
The event, which was last held in Los Angeles and New York before that, has attracted a big number of companies and candidates working in the Bitcoin and cryptocurrency space.
The company behind the Medici project that aims to use Bitcoin and blockchain technology to bring a stock exchange and stock ownership to the decentralized network, declared the acquisition in its annual 10-K filing with the SEC.
The founding team of Counterparty announced that they are no longer working with Overstock on building Medici, the platform that Overstock CEO Patrick Byrne hopes will be a replacement for the existing stock market infrastructure involved central securities depositories and global custodians.
Stellar, the cryptocurrency created to mirror the ideas behind Ripple but with an intention to make the initial distribution better, is entering the microfinance industry, with a partnership with Oradian, a core microfinance software company.
The [American Bankers Association](http://www.aba.com/) (ABA) has proposed a draft model of regulatory framework for virtual currency activities such as Bitcoin to the [Conference of State Bank Supervisors](http://www.csbs.org/) (CSBS).
An industry group of developers, researchers and security professionals have come up with a set of proposed best practices for Bitcoin and cryptocurrency businesses.
On completion of its series A funding round, the company would be valued close to $100 Million USD