Posts in category

Business News


Spain’s ruling political party is reportedly drafting legislation that it hopes will help woo cryptocurrency and blockchain companies to the country. According to Bloomberg, the People’s Party of Spain is eyeing the move as part of a package that would be focused on firms working with new technologies like 3-D printers. Yet according to lawmaker …

0 37

It was around midnight, January 31, when K. received an email from Coinbase containing a 1099 tax form. That was strange enough – K. certainly didn’t expect a cryptocurrency exchange to be a conduit for government documents. Then K. looked at how much Coinbase said he owed money on: $2.4 million. “I initially freaked out, considering …

0 35

Canadian electric utility Hydro-Quebec may raise energy rates for crypto businesses due to an influx of requests from miners hoping to take advantage of its cheap rates. More than 100 crypto mining companies have approached Hydro-Quebec, spokesman Marc-Antoine Pouliot told CTV News Montreal, and a few have already settled in the province. Notably, Pouliot said …

0 36

The company behind iconic video games such as Pac-Man and Pong is planning to launch its own cryptocurrency, dubbed “Atari Token,” according to an announcement last week. As part of the effort, Atari acquired a 15% stake in a Gibraltar-based company, Infinity Networks, Ltd and has licensed its brand to the firm. The partnership – which …

0 37

Five banks in the Philippines are reportedly grouping up to use Visa’s blockchain-based payment platform. As part of a new arrangement, the Union Bank of the Philippines (UnionBank) will assist four unnamed rural banks that are seeking to boost the efficiency of their payments processes by building a local platform base on top of Visa’s …

0 37

As enterprise blockchains inch closer to live launches, a group of cybersecurity experts within IBM is out to make sure clients take every step to keep their new investments secure. Adewale Omoniyi, a senior managing consultant in the biometrics and cybersecurity for IBM Global Business Services, is one such professional, and on Wednesday, he sought …

0 37

Distributed ledger startup Ripple has struck a deal with Saudi Arabia’s central bank on a pilot program that will see banks in the country trial the company’s tech. Announced today, the pilot with the Saudi Arabian Monetary Authority marks the second central bank to work with the startup, coming after the Bank of England, the …

0 35

Cryptocurrency enthusiasts have proved quite charitable, at least as far as Fidelity Charitable is concerned. Announced today, the global charity revealed it has received $69 million in cryptocurrency donations in 2017, making it the fastest-growing asset type accepted by the firm. According to Fidelity Charitable’s annual report, the funds, which included donations in bitcoin and …

0 38

South Africa’s central bank has launched a program that will trial JPMorgan’s Quorum blockchain potential in interbank clearing and settlement. According to an official statement dated Feb. 13, the South African Reserve Bank (SARB) revealed it has established a fintech program that will prioritize, among other things, a project dubbed Khokha to explore a proof-of-concept …

0 38

Two subcommittees in the U.S. House of Representatives will discuss potential applications for blockchain in government during a hearing on Wednesday. “Beyond Bitcoin: Emerging Applications for Blockchain Technology,” scheduled to begin on Wednesday at 10 a.m. EST, is likely to constitute a broad overview of the technology – a key first step ahead of any …

0 36

A cryptocurrency investment scheme that last month drew the ire of state regulators in Texas announced last week that it was closing its lending platform. DavorCoin, as previously reported, was likened to BitConnect by the Texas State Securities Board (TSSB) given that both involved the use of a lending site and had promised to pay steady …

0 39

TEND, an ethereum-powered marketplace for sharing “tokenized” luxury goods, has partnered with a Porsche dealer based in Switzerland’s “Crypto Valley” to put a sports car on a blockchain. The startup’s founder, Marco Abele, who previously served as chief digital officer for Credit Suisse, told CoinDesk that TEND is collaborating with Porsche Zentrum Zug in order to offer …

0 39

A house on a blockchain? That’s the future a number of initial coin offering (ICO) issuers envision, one in which tokenized pieces of the property could be tracked and traded via a shared database. In this way, the tokens would allow for what entrepreneurs are calling “fractional ownership,” or the ability for a real estate …

0 40

Software giant Microsoft has said it sees potential for public blockchains in supporting decentralized identities and will explore the possibilities within its Microsoft Authenticator app. In a blog post released on Feb. 12, Microsoft’s Identity Division doubled down on its belief that blockchain technology is the right solution to store, maintain, protect and distribute users’ identification …

0 39

Self-proclaimed fans of a popular Chinese boy band have built an initial coin offering (ICO) around their idols, amid controversy over the project’s legitimacy. At the heart of the project is a well-known home-grown pop band named The Fighting Boys (or TFBoys), formed by three teens – Karry Wang, Roy Wang, and Jackson Yi – …

0 39

Comcast Ventures isn’t just investing in blockchain startups – it’s investing in blockchain startups that invest in blockchain startups, with some very specific goals in mind. The firm last month joined IBM and Boldstart Ventures in backing accelerator mState, which invests in startups building enterprise blockchain solutions. Further, Comcast Ventures revealed to CoinDesk a recent …

0 38

GMO Internet, a publicly listed IT firm headquartered in Japan, has set August as the tentative launch date for its previously announced cloud mining service. The company revealed last fall that it was devoting tens of millions of dollars to its mining venture, with the aim of building a site for pursuing the energy-intensive process …

0 43

A remittance firm based in Abu Dhabi has inked a new partnership with distributed ledger startup Ripple. UAE Exchange will use the company’s RippleNet product for cross-border transactions, with the aim of reducing the cost and frictions associated with such transactions. It was reported last year that the company, which says it operates nearly 800 branch …

0 38

T-Mobile has been quietly toiling away on an enterprise blockchain solution for months, and it looks primed to make a big reveal soon. The telecom giant’s interest in blockchain was most recently advanced after the company was prominently mentioned for its role in helping develop Hyperledger Sawtooth’s 1.0 version. Yet, its overarching blockchain work is not widely …

0 42

CME Group may be looking at ways for developers to modify a blockchain’s rules without requiring consensus from all of the network’s nodes, new patent filings show. It’s a key need for such systems, such as those that form part of airline reward points programs and other applications in which a blockchain is used to …

0 38