Ethereum News

Crypto Prediction Market on Blockchain Raises Regulatory Concerns

The next confrontation between government regulators and a blockchain startup appears set to ensnare a prediction market platform that goes by the name Augur. After going live on July 10, Augur allows anyone to create contracts to predict future events …

Marsh Joins Enterprise Ethereum Alliance to Support Open Source Blockchain Standards

Marsh has announced that it has joined the Enterprise Ethereum Alliance (EEA), an open source blockchain initiative with 400 member companies. The EEA seeks to create open industry standards and frameworks for blockchain applications based on the core Ethereum platform. …

Distributed Social Proof Insurance: The Next Industry Game-Changer?

InsurTech startup InsurePal is developing an insurance platform that aims to revolutionize the industry’s model for risk selection and fraud prevention by “social proofing” insurance products. With a pilot for motor insurance due to be launched in the UK within …

Two 23-Year-Old Students Win Blockchain Insurance Contest in Switzerland

A pair of 23-year old students, Hugo Moreau and Paul Nicolet, came out on top in the final round of an inaugural blockchain competition held in Switzerland. The two Swiss masters students at École Polytechnique Fédérale de Lausanne (EPFL) successfully …

Blockchain Is Littered with ‘Smart’ Contracts Gone Bad: Opinion

Smart contracts were supposed to revolutionize finance. So far, however, they have proven adept mainly at helping people lose their money. The digital contracts make use of blockchain technology to get around trusted intermediaries like banks. Let’s say you want …

Insurtech Startup Etherisc Offers Blockchain-Based Flight Delay Insurance

Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance payout in case a flight is canceled or delayed. “The frustration of a flight delay or …

Hyperledger Project Releases Blockchain Code for Large Firms Building Software

The Hyperledger Project, a group led by the Linux Foundation, has released its first blockchain code that can be used by large businesses to build software. The group, whose more than 120 members include International Business Machines Corp, Cisco Systems …

New York Regulator Approves New Virtual Currency Exchange

New York state has approved regulations allowing a new virtual currency called Ether. Gov. Andrew Cuomo, a Democrat, and the state’s Department of Financial Services announced the move on May 5. The regulations will govern the new virtual exchange, called …