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Lightning Bank Ledgers? Bitfury and Ripple Demo New Twist on Bitcoin Tech

Lightning Bank Ledgers? Bitfury and Ripple Demo New Twist on Bitcoin Tech

Aug 17, 2017

www.coindesk.com

Bitcoin's much-anticipated Lightning Network is now compatible with seven different payment networks. Today, blockchain services firm Bitfury and payments network provider Ripple are releasing new code that makes it possible to conduct Lightning-style transactions across a range of both blockchain and legacy payment networks. While still in its early stages of deployment, it's believed the Lightning Network could one day expand bitcoin's capacity to millions of transactions by moving those transactions off of the main bitcoin blockchain.

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U.S. Blockchain Company in Tie-Up on Medical Artificial Intelligence

U.S. Blockchain Company in Tie-Up on Medical Artificial Intelligence

Aug 11, 2017

www.nytimes.com

The Bitfury Group has formed a partnership with Insilico Medicine, a Baltimore-based medical artificial intelligence (AI) firm, to create new applications for the healthcare industry using blockchain, Bitfury's chief executive officer said on Friday.

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Blockchain Summit Examines The Role Of Privilege In Spreading A Democratizing Technology

Blockchain Summit Examines The Role Of Privilege In Spreading A Democratizing Technology

Aug 04, 2017

www.forbes.com

Ever since Silicon Valley’s elite became interested in cryptocurrency, they have grappled with the question of how, in their quest to build these decentralized, blockchain-based systems that have the power to democratize society, they should manage their own privilege and influence.

That dilemma was in stark relief during last week’s Blockchain Summit, the most socially conscious and idealistically minded of all such conferences, which took place on Sir Richard Branson’s luxurious private island, Necker, in the British Virgin Islands.

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Blockchain Summit Asks, How Can Bitcoin And Blockchain Technology Empower Women?

Blockchain Summit Asks, How Can Bitcoin And Blockchain Technology Empower Women?

Jul 31, 2017

www.forbes.com

When Roya Mahboob, 30, a serial entrepreneur from Afghanistan, began her startup, Women’s Annex, a platform for women to upload blogs and videos and be paid for views, the company found that paying the women didn’t empower them financially. While by law Afghan women could have bank accounts, their families didn’t want them to. “For one woman, her husband always hit her and took all the money from her,” said Mahboob, who then learned about Bitcoin and decided to begin paying the women with it. This is was one of the many powerful stories around the theme of women’s empowerment told last week during the Blockchain Summit sponsored by the Bitcoin mining and blockchain services firm Bitfury Group and venture capitalist Bill Tai, with special support from China Credit Fintech, on Sir Richard Branson’s Necker Island.

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On Sir Richard Branson's Necker Island, Bitfury Hosts Third Annual Blockchain Summit

On Sir Richard Branson's Necker Island, Bitfury Hosts Third Annual Blockchain Summit

Jul 21, 2017

www.forbes.com

Hosted by blockchain services company Bitfury and its board member, venture capitalist Bill Tai, with special support from Credit China Fintech, this year’s summit on Necker Island features attendees from around the globe such as former Estonian president Toomas Ilves, renowned Peruvian economist Hernando de Soto, Afghan tech CEO Roya Mahboob and Greek European Parliament member Eva Kaili. “We’re trying always to invite the biggest thinkers of this world and discuss how we can use this technology to really do good,” said Bitfury chief executive Valery Vavilov.

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SegWit or Not, Bitfury is Ready for Lightning With Successful Bitcoin Main Net Test

SegWit or Not, Bitfury is Ready for Lightning With Successful Bitcoin Main Net Test

Jul 20, 2017

bitcoinmagazine.com

While Segregated Witness (SegWit) activation is looking more likely by the hour, Bitfury is getting ready to deploy a version of the Lightning network with or without the protocol upgrade. The blockchain technology company, perhaps best known for its Bitcoin mining pool of the same name, successfully sent real bitcoins over a test version of the Lightning Network this week. Interestingly, Bitfury’s implementation of the technology is compatible with the current Bitcoin protocol and is therefore functional even without SegWit.

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Bitcoin Meets DLT: Bitfury Releases 'Anchorable' Enterprise Blockchain

Bitcoin Meets DLT: Bitfury Releases 'Anchorable' Enterprise Blockchain

Jul 17, 2017

www.coindesk.com

Can Bitfury Group replicate its success in enterprise blockchain?

Long a leader in the lucrative bitcoin transaction processing sector, this has been an open question since the startup expanded its mission in a bid to win the trust – and business – of the world's biggest financial firms, governments and institutions. But that it's also a question that now has new context, as Bitfury is today making public an enterprise blockchain initiative that has long been in development in the lab.

Revealed exclusively to CoinDesk, the Bitfury Group is open-sourcing its first private blockchain framework, though it's one that offers a twist on the established idea. Called Exonum, the software aims to distinguish itself from DLT solutions by enabling users to secure data using the bitcoin blockchain.

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U.S. tech firm in blockchain tie-up with insurance advisory firm

U.S. tech firm in blockchain tie-up with insurance advisory firm

Jun 16, 2017

www.reuters.com

U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance broking market.

Blockchain, a public record of all bitcoin digital currency transactions, can also be used to track assets across industries. Over the last two years, Bitfury has been helping national governments put data on a blockchain.

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Land grab: Governments may be big backers of the blockchain

Land grab: Governments may be big backers of the blockchain

Jun 01, 2017

www.economist.com

In the hills overlooking Tbilisi, Georgia’s capital, sits a nondescript building housing rows of humming computer servers. The data centre, operated by the BitFury Group, a technology company, was built to “mine” (cryptographically generate) bitcoin, the digital currency. But now it also uses the technology underlying bitcoin, called the “blockchain”, to help secure Georgian government records. Experts are eyeing the experiment for proof of whether blockchain technology could alter the infrastructure of government everywhere.

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Businesses
 See Potential 
in Use of Bitcoin 
Technology for Sharing Data Through Blockchains

Businesses
 See Potential 
in Use of Bitcoin 
Technology for Sharing Data Through Blockchains

Apr 26, 2017

www.omaha.com

“The best way to think about this technology is that it’s like a global notary,” said Jamie Smith, ex-president of the Global Blockchain Business Council. “People are using this mostly to move money at the moment, but it’s really a digital token for people to use and access databases around the world.”

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