High-profile digital currency firms are reportedly banding together to create a lobbying organization called the Blockchain Association, The Washington Post reported. The group’s first focus is said to be on U.S. tax law treatment of digital currencies, along with explaining the application of know your...
After dumping 10 percent of his shares, the CEO of Overstock sent a letter to investors, assuring them that there is no reason to worry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Blockchain payment network GRAFT has reached a “critical milestone”: the group said that it has received an end-to-end transaction that took under 2 seconds on its network, according to a statement. The system seeks to serve as a “last mile” bridge to link crypto users...
The justice department in Zhongshan, a city in China, is turning to blockchain to keep tabs on parolees, CoinDesk reported. The system was created to constantly track the movements of the parolees. With the technology, law enforcement agencies and community correction staff can take action...
Bruegel, a think tank based in Brussels, is calling for regulation of digital currency exchanges at the European Union (EU) level, as well as more defined rules for initial coin offerings (ICOs), Reuters reported. The news outlet viewed the document, which was prepared for EU...
China is striving to curb cryptos, and speculation -- with nascent adoption of blockchain in financial services and beyond. Might "smart banking" and "smarter shipping" take root?
The Belgian Financial Services and Markets Authority (FSMA) added 28 new so-called fake crypto trading sites to its list of reported scams, The Next Web reported. With such scams, users visit a site wanting to buy crypto, such as bitcoin or Ethereum, will send fiat currency...
Japanese eCommerce company Rakuten is planning to acquire the cryptocurrency exchange service called everybody’s bitcoin Inc., according to an announcement. The deal could happen through a stock purchase agreement between Rakuten subsidiary Rakuten Card Co., Ltd. and everybody’s bitcoin parent company Traders Investment, Inc. Get the...
Bitmain subsidiary BTC.com has rolled out a client designed for Ethereum blockchain mining, The Next Web reported. Already, the firm is one of the largest bitcoin mining pools: BTC.com, in particular, makes up 16 percent of the computer power behind bitcoin. In addition, the company...
