The parent company of the New York Stock Exchange has announced a partnership with Microsoft and Starbucks to create a “global ecosystem for digital assets.” The parent company of the NYSE, Intercontinental Exchange (ICE), has announced it is creating a new platform, called Bakkt, that, "intends to leverage Microsoft cloud...
Last December, a beverage company changed its name to cash in on the blockchain craze. Now, the SEC is investigating. In March of this year, John Oliver of HBO's Last Week Tonight famously skewered crypto scams. To illustrate the craze surrounding cryptocurrencies and the blockchain technology that supports them, he...
New information has come to light regarding the FINNEY “independent blockchain network” and Sirin Labs’ quest for a permanent blockchain solution. In an earlier article, ETHNews reported that FINNEY was cooperating with IOTA to create a Sirin Labs native blockchain. But Moshe Hogeg, CEO of Sirin Labs, recently told ETHNews: "We're not...
Paul Krugman says blockchains are useless. Oliver Hart, who is serving as an advisor for a blockchain governance and design firm to help make better EDCCs (aka smart contracts), says they can be great for automating certain business dealings and assisting in legal disputes. On Monday, Nobel Prize-winning economist and New...
The online encyclopedia’s co-founder recently said the website would not join the crypto bandwagon. Jimmy Wales' appearance at the BlockShow Europe in May turned a few heads because of his well-known critical attitude toward cryptocurrencies and ICOs. However, it turned out his reason for attending the conference was to warn...
The video game developer recently pulled “Abstractism” from the Steam web store due to allegations that the game had been scamming customers, but some believe the application was also used for unauthorized cryptocurrency mining. As reported by Polygon, Valve Corporation has yanked a game called "Abstractism" from its digital video...
IBM and settlement processing company CLS are working with a collection of tech and financial companies to create an online, blockchain-based app store. On Monday, IBM announced a partnership with CLS to develop a project called LedgerConnect, which is intended to allow financial and software developer companies to share blockchain-related...
News business and finance July 26, 2018 9:36 PM On July 26, 2018, the US Securities and Exchange Commission published a 92-page document, which explains why the agency disapproved a proposed rule change seeking to list and trade shares of the Winklevoss Bitcoin Trust. Bitcoin-linked exchange-traded funds (ETFs) were hit with another...
Although Switzerland has become a hotbed for initial coin offerings, the country’s financial regulator (FINMA) hasn’t taken kindly to violations of banking laws. Envion AG, which raised more than $100 million from investors, is the second major ICO that has stirred up controversy in Switzerland. On July 26, 2018, FINMA...
The US Securities and Exchange Commission extended the deadline to approve or disapprove a proposed rule change associated with NYSE Arca’s potential listing of Direxion’s bitcoin-tied exchange-traded funds. On Tuesday, the Federal Register published a notice from the US Securities and Exchange Commission (SEC) dated July 18, 2018. The agency...