Business News

National Economics, Gambling and Cryptocurrency: A Perfect Storm?

Noelle Acheson is a 10-year veteran of company analysis, corporate finance and fund management, and a member of CoinDesk’s product team. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday, exclusively to our subscribers. The gambling world is no stranger to disruption. Just as online platforms are pushing aside evocative, casino-based settings, they themselves are starting to face big change. The threat – or the opportunity – comes from two trends, one cultural and one technological. [...]

Top Secret? Microsoft Opens Door to Government Blockchain Use

The U.S. government’s most sensitive data could soon be secured on a blockchain. Revealed today at Microsoft’s Government Cloud Forum 2017 in Washington D.C., the tech giant is launching Azure Government Secret – a service designed to provide government agencies better access to cloud computing. In doing so, however, Microsoft is notably opening the door to its blockchain offering – along with the new service, it is also allowing its existing Government Cloud clients access to the Microsoft Azure blockchain-as-a-service [...]

‘Massive Disruption’: IMF’s Lagarde Says Cryptocurrencies Must Be Taken Seriously

Christine Lagarde, managing director of the international monetary fund (IMF), has warned that central banks and financial services need to pay closer attention to cryptocurrencies. Speaking to CNBC at the IMF’s Annual Meetings in Washington D.C., Lagarde said: “I think that we are about to see massive disruptions.” According to Lagarde, cryptocurrencies could play a future role in updating the IMF’s own internal currency, a reserve asset named the Special Drawing Right (SDR). She said: “What we will be looking into is how this [...]

Regulated Cryptocurrency Betting Just Got a Big Boost in Europe

Regulated cryptocurrency gambling is about open up across a large swathe of Europe. Announced today, major eSports platform Unikrn has been awarded a gambling license in Malta, a move that will open up its platform to real-money wagering via its UnikoinGold crypto token. UnikoinGold – which is based on the ERC-20 ethereum standard and is currently being distributed via a token sale or ICO – is being deployed as a medium for real-money wagering in licensed jurisdictions. And, with the Malta licensure, that [...]

Survey: Most Medical Group Execs See Promising Role For Blockchain

A new survey of the health care industry has found that executives from hospitals, managed care organizations and other groups are moving to explore blockchain applications in their field. Black Book Research queried 88 health care payers (or institutions that finance medical services) and 276 technology executives, managers and IT specialists from the field, according to the report, which was published on October 3. Among the findings: 90 percent of managers and IT specialists from medical groups felt blockchain could [...]