Five major banks from each BRICS member state signed a Memorandum of Understanding (MoU) on the development of distributed ledger technology (DLT), according to an official press release July 26. During the 10th International BRICS Summit in Johannesburg, banks from the emerging economies of Brazil, Russia, India, China and South...
Chief Economic Advisor at financial services company Allianz, Mohamed El-Erian, told CNBC today, June 29, that he thinks Bitcoin (BTC) will eventually be treated as a store of value – and that he would consider buying if the price hits $5,000. While El-Erian reports currently not owning any Bitcoin, the...
American crypto wallet and blockchain security firm BitGo has received a state trust company charter from the South Dakota Division of Banking, making it a qualified custodian for crypto, CNBC reports September 13. By creating its trust company, California-based BitGo will now be subject to regulatory scrutiny that encompasses know-your-customer...
Popular South Korean cryptocurrency exchange Bithumb is partnering with digital payment service provider Korea Pay Services (KPS) to pave the way for widespread digital asset adoption in the country. Both companies are working to give over 6,000 of the country’s retail outlets the option of accepting cryptocurrency payments for...
Former U.S. Federal Prosecutor Mary Beth Buchanan spoke at a panel during the Money20/20 Europe conference in Amsterdam Monday, June 4, suggesting that we need to “get rid of the negative connotations” surrounding the emerging crypto industry. Buchanan emphasized that “a lot more” crimes have in fact been committed with...
The Moscow Exchange (MOEX) is preparing infrastructure that will allow companies to conduct initial coin offerings (ICOs), which it expects to launch this year, Reuters reported June 8. The exchange is reportedly working on the development of basic infrastructure for companies to participate in ICOs and publish token sale data....
A closed-door meeting was held by Nasdaq Inc. this week to discuss steps for legitimizing the crypto industry in global markets, Bloomberg reports today, July 27. Around half a dozen representatives from both traditional finance and the crypto industry firms –– among them reportedly the Winklevoss twins’ Gemini –– held...
Polls closed in West Virginia's primary election May 8, completing the first government-run, blockchain-supported vote in US history, ETHNews reported May 9. While most voters cast regular ballots, special voters in certain districts voted on a mobile blockchain-based platform. The blockchain-based mobile voting platform, developed by Voatz, was only available...
UK-based Blockchain.info, a digital wallet provider, has announced that they have begun offering users in 22 states the ability to buy and sell Bitcoin. According to the announcement, the company plans to continue adding services for US-based clients, including Ether and Bitcoin Cash exchanges in coming days. The move is...
Leading US cryptocurrency trading platform Coinbase initiated the process to become a fully regulated broker dealer by the US Securities and Exchange Commission (SEC). According to an announcement published June 6, this is made possible by the acquisition of securities dealer Keystone Capital Corp. in addition to Venovate Marketplace,...