Singapore’s central bank funds blockchain-based project; former Skype COO joins Blockchain.info board; 36 French startups team up to create Fintech association; Citigroup develops 3 blockchains and more top stories for July 3.
The Monetary Authority of Singapore Funds Blockchain Project
The Monetary Authority of Singapore (MAS), the city-state’s central bank and financial regulator, has funded a blockchain-based record-keeping project as part of a five-year $225m investment plan aimed at financial technology, reported CoinDesk.
Speaking at the Global Technology Law Conference in Singapore, MAS’ managing director Ravi Menon, said:
“The potential benefits of such a distributed ledger system include: faster and more efficient processing; lower cost of operation; and greater resilience against system failure.”
Former COO of Skype Joins Blockchain.info Board
Michael Jackson, former COO of Skype, has joined the board of Blockchain.info. Jackson will “focus on being a source of counsel as the company solves many of the same scaling, growth, and regulatory challenged we faced in the past,” he wrote in a blog post.
“I am happy to have been allowed to join, and I look forward to both learning and helping them to be the organization that brings the power of the block chain to millions of people. If we can fulfill even a tenth of its potential, then Blockchain will embrace a great future.”
Coinfloor Launches Exchange-Based P2P Bitcoin Marketplace
UK-based Coinfloor has announced the launch of the world’s first broker based bitcoin marketplace.
Coinfloor CEO Mark Lamb, said in a release:
“Our founding members are key to the success of Coinfloor Market. Just as the NYSE was committed to a decentralised network of brokers backed by a centralised exchange, Coinfloor is the first institution in the Bitcoin industry to mirror this proven model.”
Backpage Forced into Cryptocurrency-Only Business
Classified advertising website Backpage, has just had its payment processing a href=”http://cointelegraph.com/news/114721/its-official-backpage-forced-into-cryptocurrency-only-business”
Originally appeared at: http://cointelegraph.com/news/114724/jul-2-digest-former-skype-exec-joins-blockchaininfo-board-singapores-central-bank-backs-blockchain-project
JUL 2 DIGEST: Former Skype Exec Joins Blockchain.info Board; Singapore’s … is a story from: BitcoinWarrior.net