Weekend Roundup: Estonia’s LHV Bank Talks Blockchain Tech, 62% of New Millionaires Are from Asia
On June 2, the USA Freedom Act that legalizes and simplifies the collecting of phone metadata for the NSA passed the Senate. Meanwhile Skype continues to collect voice, chat, video and other data, and deliver it to the Five Eyes international spy coalition. CoinTelegraph reviewed three of the most promising alternatives to Skype that guarantee end-to-end encryption and greater privacy for users: Tox.im, Bleep and Silent Circle. "Previously released documents from the Snowden archive describe enormous efforts by the NSA during the last decade to get access to voice-over-internet content....
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CoinTelegraph spoke with Rain Lõhmus of Estonia’s LHV Bank about experimenting with the blockchain via colored coins, bitcoin-based certificates of deposit, and the country’s attitude toward technology and innovation. Rain Lõhmus is the Chairman of the Supervisory Board at LHV Bank, Estonia’s largest independent bank, which recently backed a FinTech platform and money-transfer app that will use Bitcoin to facilitate transactions. Lõhmus is also the CEO of Cuber Technology, a subsidiary of LHV Group, the developer of the open-source Cuber Wallet app enabling users to send and receive euros....
The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth. With the accelerating pace of innovation in mobile communications and fintech, the region is expected to not only leapfrog the US & Europe by 2019, but also integrate millions of unbanked people into the global economy. The Asia Pacific region, led by China, is growing fast. In 2014, the sum total of worldwide assets reached a record high of US$164.3 trillion. As central banks have come to the rescue, asset prices have risen to record highs globally. Global growth overall grew by 11.9% (see chart....
Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to Miss Out on Bitcoin A new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The findings came as the price of bitcoin rallied past $18,000. Devere Group is a large independent financial advisory firm. The group asked more than 700 of its high net....
Estonia’s e-Residency platform will facilitate a blockchain-based e-voting service enabling shareholders of companies listed on Nasdaq’s Tallinn Stock Exchange to vote in shareholder meetings, according to Nasdaq and the Republic of Estonia. The Nasdaq’s Tallinn Stock Exchange is Estonia’s only regulated securities market, according to Nasdaq. The e-Residency platform is an electronic identity system that Estonian residents and those with business interests in Estonia use to access government services. The program marks Nasdaq’s second official blockchain project after delivering the first....
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country's e-government system, in supporting a central bank digital currency.