Opposition Politicians Demand Details on Luxembourg E-Government Plan for Blockchain, AI

Opposition party members in the Luxembourg parliament are demanding specifics from the prime minister on a proposed e-government plan, according to a report by the Luxembourg Times on May 24. The plan reportedly centers on the implementation of blockchain technology, as well as artificial intelligence (AI) in government administration. The seat of the newly-created government position Minister for digitalization, Marc Hansen, said there will be an emphasis on improving data storage and transmission in the government with blockchain technology. Laurent Mosar, a prominent member of the opposition Christian Democrats party,…

How Microsoft (and Others) Plan to Empower Users to Own and Control Personal Data

Microsoft, one of the world’s largest software makers by revenue, is currently on a blockchain streak. This time, Microsoft presented a vast blockchain-related plan: a decentralized identity (DID) network built atop of the bitcoin network, which can potentially empower users all over the internet to take control over their personal data and content. Earlier in May 2019, the United States tech giant announced its brand new Azure Blockchain Service along with Azure Blockchain Development Kit for the Ethereum blockchain. It also teamed up with Starbucks to present the first use…

German State Announces Plan to Establish European Blockchain Institute

The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press release on May 13. According to NRW Economics Minister Andreas Pinkwart, the European Blockchain Institute will be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material Flow and Logistics (IML). The press release says that critics of blockchain have voiced concern over the amount of energy consumed by mining bitcoin (BTC). Pinkwart addressed these concerns and praised the benefits of…

Moscow Student Councils Plan to Pilot Blockchain E-Voting in June

Authorities of Moscow are planning to pilot blockchain-based electronic voting in university student council elections in late June 2019, establishing methods that the city’s mayoral election may be next to apply, Russian news agency TASS reported on May 6. According to the report, the project is set to be tested with the support of the Moscow Department of Information Technology (DIT) and the Moscow City Election Commission (Mosgorizbirkom). DIT deputy head Artem Kostyrko revealed that technical specifications for the pilot program will go to Mosizbirkom in mid-May for approval. Once…

68% of Global Millionaires Already Invested or Plan to Invest in Crypto by 2022: Survey

68% of global high-net-worth individuals have already invested or are planning to invest in crypto by the end of 2022, according to a survey by Dubai-based financial consultancy firm deVere Group released on May 3. DeVere group has more than $10 billion in assets under advice, with more than 80,000 clients located in more than 100 countries. More than two-thirds of global individuals whose assets’ value is equivalent or greater than 1 million British pounds (GBP) or $1.3 million, will be invested in cryptocurrencies such as bitcoin (BTC), ether (ETH),…

Blockchain Platform for Content Creators and Fans Sets Out Plan for Gaining Global Reach

A blockchain-powered platform that allows content creators to reach its fans directly says it is broadening the choice of music, illustrations and webtoons it has on offer — improving both quality and quantity ahead of its launch. The debut of ContentsDeal has suffered from delays, but the company says its team is determined to get its offering online as soon as possible. Already, the platform says it has attracted an impressive ensemble of artists from South Korea and around the world — giving creatives a way of broadcasting their content…

Mt. Gox Trustee Extends Deadline for Rehabilitation Plan Submission

The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for submission of rehabilitation plans, according to an official announcement published on the company’s website on April 25. Per the announcement, the exchange’s Rehabilitation Trustee Nobuaki Kobayashi filed a motion in a bid to extend the submission deadline of a rehabilitation plan at the Tokyo District Court. On April 24, 2019, the court released an order to extend the deadline to October 28, 2019. The announcement reads: “A large amount of rehabilitation claims that the Rehabilitation Trustee…

Mt Gox Trustee Extends Deadline to File Rehabilitation Plan

A looming deadline for the trustee of Mt Gox to file a civil rehabilitation plan has been pushed to the end of October, an update posted to the defunct bitcoin exchange’s website said Thursday. Nobuaki Kobayashi, the trustee, said in the update that though he originally intended to file a plan by April 26, he needs more time due to the number of rejected claims. The Tokyo District Court, which is overseeing the case, approved an extension request, and Kobayashi now intends to file a rehabilitation plan by Oct. 28, 2019. The…

John McAfee Pauses Plan to Out Satoshi Nakomoto’s Identity, Fearing Lawsuit

American entrepreneur and stalwart crypto advocate John McAfee says he is holding back on plans to reveal the real identity of bitcoin (BTC) creator Satoshi Nakamoto, for fear it will expose him to further lawsuits as he fights potential extradition to the United States. The news was reported by Bloomberg on April 24. McAfee — who founded the pioneering anti-virus firm McAfee Associates in 1987 — claims his technology expertise has helped him track down the real Satoshi. According to Bloomberg, McAfee said he had communicated with Nakamoto in recent…

British Virgin Islands Bolsters Emergency Plan with Crypto Wallet

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: An official announcement from the British Virgin Islands says that the island protectorate has entered a partnership with a blockchain company. The company, LifeLabs, makes a wallet and…