David Marcus, the head of Facebook’s messaging app Messenger, announced that the social media site is exploring possible applications for blockchain technology, CNBC reported May 8. “I'm setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch,” Marcus shared in a post Tuesday...
VPE WertpapierhandelsBank AG (VPE), a German securities trading bank, has partnered with Berlin-based technology company solarisBank to launch a cryptocurrency trading service for institutional investors, according to a VPE press release April 25. VPE is regulated by the Federal Financial Supervisory Authority (BaFin) and is purportedly the first bank in...
Square’s “Cash App” has been updated to allow for purchasing of up to $10,000 worth of bitcoin a week. Since making the announcement, Square has seen its stock has climb nearly 3 percent. Cash App is a peer-to-peer payment system from Square that allows people to pay each other directly and quickly. This...
The Chief Scientist of Quebec Rémi Quirion says public concern that Bitcoin is being used for illicit activities like tax evasion and money laundering is largely overblown, Forbes reports April 18. The statement prepared by the l’Agence Science-Presse, which is a partner of Fonds de Recherche du Québec, said, “Bitcoin...
The crypto markets have taken a hit today, March 15, with Bitcoin (BTC) dropping below $8,000 and Ethereum (ETH) below $600. The slump can most likely be attributed to Google’s update of its Financial Service policy that means a ban of all crypto-related advertisements starting in June 2018. As the...
Singapore’s Infocomm Media Development Authority (IMDA) has launched a “Blockchain Challenge,” in order to promote Blockchain innovation and adoption in businesses, according to a press release published yesterday, March 29. The press release reads that the challenge aims to “promote awareness and adoption of the technology; and encourage companies to...
Banco Bilbao Vizcaya Argentaria (BBVA) became the first global bank to issue a loan using Blockchain technology, FT reports April 25. The Spanish multinational bank said it conducted the entire loan process, from the negotiation of terms to the signing, on a mutually distributed ledger that informed both the bank...
Research company Ipsos on behalf of ING Bank B.V. has conducted a study on how cryptocurrencies are perceived across Europe, Australia and the U.S., which reveals that interest in the technology is expected to double in the future. While only 9 percent of respondents own crypto, 25 percent said they...
Port of Walla Walla, Washington commissioners have unanimously agreed to embark on a land lease and purchase option for 10 acres to be used for cryptocurrency mining project by Bitmain subsidiary Ant Creek LLC, local news Union Bulletin reports April 13. The decision to award the permit followed an hour...
According to a survey carried out by South Korean central bank the Bank of Korea (BOK), young citizens in their 20s and 30s are not only familiar with cryptocurrencies, but are also willing to invest in them amidst the country’s digital currency frenzy, local news outlet Yonhap reported Tuesday,...