World's Top Four Auditors Join Taiwan-Led Trial for Blockchain Fiscal Audit System

  The world's four largest auditing firms — Deloitte , Ernst & Young, KPMG and PwC —have joined 20 Taiwanese banks to pilot blockchain technology for fiscal audits, local news outlet CTEE reports July 19. The "big four" will join a consortium of major Taiwanese banks to test a blockchain solution for auditing companies' interim financial r...
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199 Hits

Mastercard Wins Patent for Speeding Up Crypto Payments

Mastercard won a U.S. patent on Tuesday for a method of speeding up cryptocurrency payments. The document , published July 17 by the U.S. Patent and Trademark Office (USPTO), explains that though cryptocurrencies have "seen increased usage over traditional fiat currencies by consumers who value anonymity and security," the wide disparity in payment...
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153 Hits

Coinbase Retracts Announcement of Regulatory Approval to List Coins Considered Securities

Crypto exchange and wallet Coinbase has retracted its previous statement that it received approval from the U.S. Securities and Exchange Commission ( SEC ) to trade in securities, Bloomberg reports July 18. Last week, Coinbase reported that it could now operate as a broker dealer, offering digital tokens considered to be securities, after its acqui...
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182 Hits

Goldman Sachs' New CEO David Solomon Is Keen On Bitcoin And Crypto

  It's official — the new chief executive of Goldman Sachs will be the firm's current chief operating officer David Solomon, who last month said the New York investment bank is looking in to adding further bitcoin and cryptocurrency services to its portfolio. According to Solomon, Goldman Sachs is already offering clients publicly-traded deriv...
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166 Hits

Japan’s GMO Internet to Use Blockchain in Its New Online Banking Business

Japanese internet services giant GMO Internet Inc. has today launched a new internet banking business that will leverage blockchain as a central part of its technological arsenal. The news comes from a company announcement Tuesday, July 17. The project has reportedly been in the works since July 2016 via the 'GMO Aozora Net Bank,' in which GMO Inte...
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175 Hits

Canada’s Large Credit Union Coalition Joins Blockchain Consortium R3

  The Large Credit Union Coalition (LCUC), a group comprising of the chief information officers (CIOs) of the 16 largest credit unions in Canada , has joined New York-based blockchain consortium R3 , according to an announcement published July 17. The LCUC, whose corporate members include more than 3 million entities and represent over $125 bi...
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191 Hits

IBM Backs New US Dollar-Pegged Stablecoin That Runs on Stellar Network

  A new project for a U.S. dollar-pegged stablecoin that runs on the Stellar blockchain network has received backing from IBM , Reuters reports July 17. The new asset is dubbed 'Stronghold USD' after its creator, fintech startup Stronghold . The token launched today, and is reportedly issued using a 1:1 price ratio with the U.S. dollar. It is ...
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172 Hits

FN: BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest

The world's largest exchange-traded fund (ETF) provider BlackRock announced the formation of a working group to assess potential involvement in Bitcoin (BTC), Financial News (FN) reports today, July 16. The move furthers a U-turn on BlackRock's previously critical stance towards cryptocurrency. Following in the footsteps of fellow giant Goldman Sac...
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227 Hits

US Ranks as ‘Most Favorable’ Country for ICOs in Recent Report

  The U.S., Switzerland, and Singapore were ranked as the top three "most favorable" countries for Initial Coin Offerings (ICO) in a recent report, according to a press release the researchers shared with Cointelegraph July 14. Analysts associated with the Crypto Finance Conference compiled the research based on publicly available data of the ...
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147 Hits

Top Swiss Stock Exchange Says It Is ‘Open’ to Offering Crypto Trading on Its Platform

  SIX Group, the parent company of Switzerland's principal stock exchange, has revealed that it is "open" to the possibility of offering cryptocurrency trading services on its digital trading platform. The platform, still in development, is set to launch by mid-2019, SIX Group's spokesman told the Swissinfo news outlet in an interview July 15....
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186 Hits

Coinbase is Exploring Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x

We are exploring the addition of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible. Today we are announcing that we're exploring the addition of the following assets to Coinbase: Cardano (ADA) Basic Attention Token (BAT) Stellar Lumens (XLM) Zcash (ZEC) 0x (ZRX) We are making th...
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202 Hits

Hedge Fund Billionaire Stephen Cohen Backs Crypto-Focused Venture

  Hedge fund billionaire Stephen Cohen, founder of Point72 Asset Management, is reportedly getting in on the crypto space by backing a cryptocurrency-focused hedge fund created by Arianna Simpson, an early cryptocurrency advocate. According to a report published by Bloomberg , citing an anonymous sources, the billionaire is going to invest in ...
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143 Hits

Korea's Lotte Global Logistics joins BiTA

Lotte Global Logistics , a logistics and shipping company headquarted in Seoul, Korea, and established in 1988, has joined the Blockchain in Transport Alliance (BiTA). Lotte is a full-service logistics provider, offering warehouse management, operating intermodal import/export terminals, performing parcel delivery, and moving freight by air, rail, ...
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130 Hits

American Express Files Patent for Blockchain-Powered Proof-of-Payment System

  Financial services giant American Express (Amex) has filed a patent for a blockchain -based proof-of-payment system, according to filing published by the U.S. Patent and Trademark Office (USPTO) Thursday, July 12. The patent's applicant is listed as American Express Travel Related Services Co., Inc., Amex's travel arm. The proposed system wo...
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189 Hits

The Question of Bitcoin’s Future

  There is a lot of uncertainty revolving around Bitcoin these days, having entered the second hundred days of the bear market. People are now beginning to question whether the technology is worth their continued investment. Bitcoin, despite the last few months, is valued higher than it was at the same time last year. Most people now in Bitcoi...
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220 Hits

Bear Market’s Little Helpers? A Guide to Crypto Futures

  This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Since their triumphant advent in the wake of the December 2017 bull run, Bitcoin futures seem to have occupied an oddly fixed position in the minds of many cryptocur...
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  210 Hits
210 Hits

Malta: Crypto Exchange Binance Backs Plans to Create First Decentralized, Tokenized Bank

  The world's second largest crypto exchange, Binance , is backing plans to create a blockchain -based bank with tokenized ownership, Bloomberg reports today, July 12. The future "Founders Bank" would be owned by digital token investors and be based in Malta , known for its robust and transparent crypto regulatory climate. According to Bloombe...
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178 Hits

Riyadh Municipality Partners with IBM to Develop Blockchain for Government Services

  Riyadh Municipality, Saudi Arabia , has partnered with IBM to jointly develop a strategy to streamline government services and transactions on а blockchain, news outlet ITP.net reported July 11. The move was made in accordance with an authoritative decision of the Government of Saudi Arabia to work on improving the quality of municipal servi...
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215 Hits

Philippine Special Economic Zone Grants Licenses to Three Crypto Exchanges

  The Cagayan Economic Zone Authority (CEZA) of the Philippines has issued provisional licenses to three cryptocurrency exchanges in the economic zone, the Manila Times reported July 10. CEZA expects to attract $3 million of investment following the issuance. CEZA is a state-owned corporation that controls the Cagayan Special Economic Zone and...
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192 Hits

Litecoin Foundation Partners With TokenPay to Acquire 10% Stake in German Bank

  The Litecoin ( LTC ) Foundation has acquired a 9.9 percent stake in Germany's WEG Bank AG. The deal is a result of a new strategic partnership with crypto-fiat payments firm TokenPay . The news comes from an official announcement published by TokenPay Tuesday, July 10. TokenPay has now transacted its 9.9 percent equity share of the bank to t...
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193 Hits