Blockchain technology news

Five more university endowments have invested in digital currency funds, hinting that the crowd of institutional investors is finally starting to make at least a minute bet on the developing asset class.

The government of Austria has enrolled local bank Oesterreichische Kontrollbank (OeKB) to witness the auction of a EUR1.15 billion government bond with the help of Ethereum Blockchain technology.

Over the last year, cases of blockchain adoption in the life science sector nearly tripled. A survey shows that a lot of companies involved in the life science sector are currently using or have started to experiment with the fintech.

Ubisoft, the French gaming giant that is responsible for flagship series such as Assassin's Creed and Far Cry, has finally joined the Blockchain Tech Game Alliance, a coalition of gaming and distributed ledger technology (DLT) firms made to take blockchain to the gaming industry.

Park Won-soon, a mayor of Seoul, has brought a 5-year plan for creating and progressing blockchain technology sector in the city, according to the Thursday, October 4 report from local news outlet Yonhap News.

Regardless of the fall in the prices of major digital currency assets, adoption has grown and several sectors of the global economy will go on to embrace the use of crypto in the future. This is ratified by a recent study carried out by Ripple which indicated that 75% of firms in the payment sector intend to use cryptos as a means of payment.

Fraudulent Facebook Crypto Ads have scammed users out of thousands and ruined lives. The English millionaire - who made his dollars off consumer advice - Martin Lewis has started suing Facebook in court over these Ads selling off his highly trusted name. He revealed he has been told incidences of people's savings being entirely rubbed from their lives and leaving others in despair.

The most recent news out of Facebook this week is that the large social network has been subject to yet another mass information hack, one that introduces doubt regarding the integrity of users information on Facebook. These kinds of hacks are becoming rampant within social networks and set very rotten news to people like Mark Zuckerberg that are struggling to make their social media platforms a safer and secure place.

At the ongoing Ripple Swell conference, Bill Clinton, the keynote speaker, has revealed his view on Blockchain and his optimism concerning Blockchain technology as a powerful engine for the future. Clinton is strong about the future possibilities of the infant technology, although does emphasize some major concerns in the manner governments are managing it, noting that poor economic and social policy could one moment annihilate the entire sector, if we permit regulators to clampdown.