Blockchain News

Dutch Bank ING Reportedly Working on Crypto Custody Tech

Netherlands-based banking multinational ING is developing technology for the custody of crypto assets, according to Reuters.

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Microsoft Collaboration Fuels 50% Rally for Enjin’s Cryptocurrency

Microsoft’s collaboration with blockchain gaming startup Enjin has prompted a roughly 50 percent surge in the project's native token over a two-day period.

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IBM Patents Blockchain to Stop Drones From Stealing Packages

Amazon, DHL and FedEx are building drones that deliver packages to your door. IBM, however, envisions a future where drones steal them instead. 

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ECB Official Says Digital Currency Could Be an Alternative to Cash

A digital currency could ensure that citizens remain able to use central bank money even if cash is eventually no longer used, a European central banker said.

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In 2019, Cryptocurrency Exchanges Diversified

With exchanges controlling so much of the industry inflows, and accounting for more than 40% of the jobs, any review of the year has to start and end there. An analysis of the dominant trends driving trading platforms serves as a proxy for measuring the cryptosphere’s overall health.

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Blockchain Capital Leads $25M Funding Round for Libra Member Bison…

Blockchain protocol provider Bison Trails has secured a $25.5 million Series A funding round led by Blockchain Capital to develop the firm’s infrastructure services. 

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German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations

The hammer is coming down again on the Karatbars ecosystem as German and South African regulators have taken separate actions over sales of a purportedly gold-backed cryptocurrency.

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Alibaba’s Ant Financial Starts Pre-Launch Testing of Business Block…

Ant Financial, the fintech arm of Chinese tech giant Alibaba Group, has launched the testing stage for its blockchain network aimed to support small and medium-sized businesses.

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Pension Funds Double Crypto Asset Exposure in Morgan Creek’s Fund t…

Morgan Creek Digital now takes up around 1 percent of the assets of two Fairfax Retirement System pension funds – an investment which has more than doubled since taking their first position in the fund that closed in February.

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Samsung Adds Support for Tron Network to Blockchain Dapp Store

Tron founder Justin Sun will appear on stage at the Samsung Developer Conference on Wednesday to announce a new partnership between his crypto company and the telecom giant.

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Ex-Bankers Offer First Hot Wallet for Institutional-Grade Crypto Fi…

Trustology, the digital asset custody provider built by former bankers from UBS, BNY Mellon and Bank of America, has released a custodial wallet designed to brave the gamut of decentralized finance (DeFi).

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Tourists in Popular Japanese Region Could Soon Use a Local Cryptocu…

Mitsubishi Research Institute (MRI) and an Osaka-based railway company are issuing a local cryptocurrency for use in a popular tourist area in Japan’s Mie Prefecture.

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tZERO-Backed Startup Seeks SEC Approval to Launch Security Token Ma…

A firm part-owned by Overstock’s tZERO is seeking regulatory approval to launch one of the first markets for publicly traded, registered security tokens.

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Crypto and Real Estate Were Built for One Another

Whether buying, selling or tokenizing real estate, the property market and blockchain are deeply intertwined. As the purchase of property has become possible with bitcoin, so has the wider potential of blockchain technology to transform the industry.

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DTCC Pushes Back Blockchain Project to Avoid Brexit Complications

The Depository Trust & Clearing Corporation (DTCC) has pushed back the release of its blockchain-based post-trade system for derivatives by several months, in part because of complications created by Brexit. 

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NBA Says Basketball Player Can’t Tokenize His Contract After All

Spencer Dinwiddie took a shot at tokenization, but the National Basketball Association blocked him.

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Crypto Exchange Giant Binance to Launch US Trading Tuesday

Binance.US, the American arm of cryptocurrency exchange giant Binance, has announced it will start trading fiat-crypto and crypto-crypto trading pairs on Tuesday.

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Verizon Just Won a Patent to Create Virtual SIMs on a Blockchain

Telecommunications conglomerate Verizon is eyeing the use of blockchain technology to underpin the dynamic creation of virtual SIM cards.

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The Hype Has Faded But Demand Remains for Enterprise Blockchains

The days when blockchain was portrayed as a cure-all for businesses of all kinds have gone. Now that the hype has faded, enterprise blockchain projects have quietly begun to ship. While some of these initiatives have faded into obscurity, others have prospered, suggesting that there’s life in enterprise blockchain yet.

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New Head of China’s Digital Currency Says It Beats Facebook Libra o…

The Chinese central bank has a new digital currency chief who says its upcoming digital yuan has features not offered by Facebook Libra.

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HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of…

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.

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Swiss Regulator Licenses Two New Blockchain Companies as It Shores…

Swiss financial authority FINMA offered guidance this week on anti-money laundering (AML) requirements for blockchain-based companies even as it granted broker-dealer licenses to two new blockchain companies.

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Cryptocurrency Domains Have Become Hot Property

Bitcoin, cryptocurrencies, and blockchain technology have become mainstream terms and are now featured in most dictionaries. Crypto-related terms have a lot of value when they are tethered to a web domain, and these days digital currency domains are prime real estate, with some selling for up to seven figures.

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BitPay Says Crypto Spending on Real Estate to Double in 2019

A luxury condominium complex in Orlando, Florida, is the latest firm to partner with BitPay to provide bitcoin payment processing for real estate transactions.

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Derivatives Drama: The Unintended Consequences of Crypto Regulation

Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures platform highlights two very important lessons, one obvious and one less so.

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Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Cr…

On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope as well.

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Reddit Roasts the IRS: Have America's Tax Collectors 'Gone Crypto F…

In a juicy little chunk of news from the Redditsphere, a user claiming to be a former IRS employee has called the agency’s new crypto compliance letters “broad and very error-prone fishing expeditions.” The throwaway account details the “really bad data” used by the agency, saying they’re operating mostly from guesswork, casting broad nets and leveraging fear to generate revenue.

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10,000 American Cryptocurrency Owners Will Receive Warning Letters…

On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August.

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Steve Wozniak Has Joined an Energy-Focused Blockchain Startup in Malta

Apple co-founder Steve Wozniak has joined a Malta-based blockchain enterprise targeting more efficient use of energy.

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India to Educate High-Ranking Police Officers on Cryptocurrency

India’s national police academy has launched a cryptocurrency course for high-ranking officers of the Indian Police Service. Among the objectives of the course are the functioning and legal aspects of cryptocurrencies, as well as investigations of cases involving digital coins.

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