Raiden creator Heiko Hees said a 100K transactions per second proof of concept could happen by end of August.
Operating profits for the period amounted to €12.5m, much higher than 2015 H1's €5.2m.
It achieves community building and social interaction through rewards and a reputation system.
UK and European banks face uncertainty over what might have to be renegotiated post-Brexit.
What the papers say: The Bank of England's halving of its interest rate continues to make savers suffer.
Bank of England's decision to cut interest rates is welcome news for homeowners, but it will do little to make life easy for first-time buyers.
Many banks yet to reveal stance on standard variable rate products.
Arshak Navruzyan, founder of Startup.ML, has been applying machine learning to quantitative finance problems.
This is in stark contrast to the £2.2m profit it had reported in the same period last year.
While merchandise revenues grew 4.9% from last year, services revenue increased 43.4%.
Some 25 big names in Bitcoin have joined the RSK Federation.
Next CEO Lord Wolfson said the company could be forced to increase prices of its goods next year.
The deal integrates LexisNexis Risk Solutions AML risk management data into Elliptic's Bitcoin transaction monitoring.
Hackers have stolen some 119,756 bitcoin or about $65m in cash at current prices.
Losses due to fraud on credit and debit cards in Britain rose by 18% to £492m last year, study shows.
Labour leadership challenger will unveil major policy during speech to supporters in Milton Keynes.
Hundreds of global remittance companies forced to cease transfers while Western Union, MoneyGram and Ria continue.
Despite the decline, the company's shares were trading higher as profits beat its own consensus estimates.
Thomson Reuters joins the global network of R3 partners united in its lab environment, the R3 Lab and Research Centre.
The decline is attributed to the negative interest rate environment and cautious attitude of customers.