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Andy Warhol's Painting On A Crypto Auction

Andy Warhol's Painting On A Crypto Auction

The world’s first cryptocurrency auction will be held by Blockchain platform Maecenas at a fine art gallery Dadiani Syndicate in the UK on June 20. The platform creates tamper-proof digital certificates linked to works of art on the blockchain, and this lot is one of them: a painting by Andy Warhol from 1980 Reversal series. Buyers can obtain 49% ownership using ART token, BTC or ETH. 

The painting “14 Small Electric Chairs” by Warhol is worth $5.6 million.

Liverpool to Become the World’s First Climate-Positive City Using Blockchain

Liverpool to Become the World’s First Climate-Positive City Using Blockchain

The Liverpool City Council (LCC) will be collaborating with the Poseidon Foundation to become a climate-positive city in the nearest future.

Climate Saving Ambitions

Liverpool is going to use blockchain technology in an effort to reduce its impact on the environment and become the world’s first climate positive city by 2020. And by 2030, the Council aims to offset more than 110% of the city’s carbon emissions by placing over 15,000 energy-saving LED streetlights across 2,000 streets and consequently decreasing energy consumption by 40%. read more

Eddie Hughes Calls on to “Show Leadership”

Eddie Hughes Calls on to “Show Leadership”

UK housing minister Eddie Hughes calls the government on to focus on the Blockchain technology and benefits it can bring. According to Hughes, Blockchain has the potential to “enable social freedom, to increase efficiency, and to rebuild societal trust.” As a role model for authorities, the minister uses Estonia, which is now considered to be the leader in the Distributed Ledger Technology. His report named Unlocking Blockchain, other than listing Blockchain use cases in details, also refers to AI (Artificial Intelligence) as a key technology to be considered on the par with DLT. 

United Kingdom Central Bank Making Payments System Friendly to Blockchain

United Kingdom Central Bank Making Payments System Friendly to Blockchain

The Bank of England (BoE) has revamped its payments framework making it compatible with distributed ledger technologies (DLTs), Reuters detailed Monday.

What’s So Great About Great Britain’s Payments System  

Real-Time Gross Settlement system (RTGS) is fundamental for banking and trading in Britain and conducts transactions worth circa ‎£500 billion every year – around 33% of the nation's economic output. The updated system is going to be launched by 2020, and will be resistant to digital assaults while being accessible to an extensive number of smaller organizations. This would empower them to use the framework directly, rather than through an intermediary of a large bank. read more

U.K. Startup Accelerator Will Support Blockchain Projects

U.K. Startup Accelerator Will Support Blockchain Projects

Right now is a wonderful moment for blockchain-focused startups willing to expand to the U.K. to do so, and the Department for International Trade detailed, why.  

Greenhouse for Blockchain Startups

In its latest update for businessmen wishing to deploy their firms in the U.K., the Department for International Trade reported that Entrepreneur First (EF), a London-based company accelerating startups, is presently funding blockchain projects, too. EF is a government-recognized firm empowered to approve companies for entrepreneur visas.

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U.K. Crypto Exchange to Issue a New GBP-Pegged Stablecoin

U.K. Crypto Exchange to Issue a New GBP-Pegged Stablecoin

The London Block Exchange opened last November is going to launch a new pound-pegged cryptocurrency LBXPeg in 10 days. According to the official statement, the new cryptocurrency (aka “cryptopound”) “will be tied to the value of pound sterling (‘GBP’) held in an auditable UK bank account on a 1:1 basis.”. LBXPeg is going to be provided by the Ethereum blockchain, later The LBX will be using other platforms if their compliance controls can be maintained.

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