Crypto Fund AG, a subsidiary of Crypto Finance Group, says that it has received a license from the Swiss government to distribute funds, Reuters reported. The Financial Market Supervisory Authority (FINMA) reportedly granted the license, which will allow the company to distribute collective investment schemes. “Getting...
Walmart has been awarded three patents for blockchain-backed technology, according to a report Monday (June 18) in Cryptovest. One of the patents covers a system that would let households manage their electricity bills through cryptocurrency, and would be operated with a public blockchain. Get the...
The Bank of International Settlements unleashed a scathing criticism of cryptocurrency over the weekend, saying that it will never be mainstream for financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
As part of Ripple’s $50 million pledge for blockchain research, the crypto firm has said it will give $2 million over five years to the McCombs School of Business at the University of Texas in Austin. Through the initiative, graduate students and faculty may potentially...
In an effort that could lead to greater efficiency and lower prices, Walmart is looking into a system that would let households manage their electricity bills through cryptocurrency. Such a structure would work over a public blockchain, CoinDesk reported. Get the Full Story Complete the...
Thursday (June 14) turned out pretty well for ether, which CNBC described as the “world’s second largest cryptocurrency.” The price of ether increased 9 percent after William Hinman, head of the Division of Corporate Finance for the U.S. Securities and Exchange Commission (SEC), said that his...
So much in tech comes out of left field, even amid evolution. Change creeps up and suddenly is … there. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Coinbase’s crypto index fund is now available to investors in the U.S., but there’s a slight restriction: Only accredited investors can participate, TechCrunch reported. The crypto exchange is now looking for those seeking to invest anywhere from $250,000 to $20 million. Already, the company has...
University researchers have noticed an interesting trend when it came to atmospheric jump in the price of bitcoin last year: They found that about half of bitcoin price increases last year happened after another cryptocurrency, Tether, flowed from one crypto exchange — Bitfinex — to...
