The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
FCoin has stopped all trading and withdrawal after it was revealed that the crypto exchange had a shortage of $130 million worth in crypto assets, CoinDesk reported Monday (Feb. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
U.S. Secretary of the Treasury Steven Mnuchin said Wednesday (Feb. 12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Circle Invest will be sold to Canada-based Voyager Digital by its current owner Circle Internet Financial, with Circle Invest gaining an equity stake in Voyager as a result. Common shares of 4 percent will be issued by Voyager to Circle Invest, and it will reimburse...
JPMorgan Chase’s marquee blockchain unit, Quorum, will merge with Brooklyn-based startup ConsenSys, according to sources familiar with the inner workings of the deal. The deal will be announced sometime within the first half of 2020, and financial terms were still unclear on Tuesday. Get the...
A new video ad campaign by Figure Technologies has “Blockchain,” the character explaining the eponymous technology, according to published reports Tuesday (Feb. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In the U.S., President Trump’s Fiscal Year 2021 budget, sitting at $4.8 trillion as of this week, proposes expanding the Treasury Department’s oversight of cryptocurrency. The budget, released Monday (Feb. 10) seeks to do so by returning the U.S. Secret Service under its umbrella, rather...
The blockchain is making it faster and easier for insurance service providers to fast track coronavirus claims. China’s online mutual aid platform Xiang Hu Bao, owned by Ant Financial, and Blue Cross (Asia-Pacific) Insurance in Hong Kong, have both used the blockchain to quickly process...
