The United States Congress passed a bill that calls for the director of FinCEN to study blockchain in its fight against financial crime. The United States House of Representatives has passed a bill that calls for the Financial Crimes Enforcement Network (FinCEN) to study blockchain technology in its fight against financial crime. On Sept. 19, […]
Continue Reading
The entire cryptocurrency market is bleeding heavily, with Bitcoin SV showing losses of more than 34%. Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day. Cryptocurrency market daily overview. Source: Coin360 The last few hours have been nothing but pain for the entire crypto market. […]
Continue Reading
Bitcoin is flash crashing all the way down to $8,150, dropping $1,500 in 24 hours. Tuesday Sept. 24 – Bitcoin’s price is retracing rapidly from over $9,800 to $8,150 in less than a day and for the first time in months. Bitcoin 24 hour price chart. Source: Coin360 The Bitcoin price flash crashed hard, dropping close […]
Continue Reading
The U.S. SEC has begun proceedings on the proposed rule change to securities laws to list Wilshire Phoenix’s Bitcoin ETF. The United States Securities and Exchange Commission (SEC) has initiated proceedings regarding the Wilshire Phoenix Bitcoin (BTC) exchange-traded fund (ETF) proposal. According to a Sept. 24 public filing, the SEC started proceedings to determine whether […]
Continue Reading
Major insurance broking and risk management firm Marsh has piloted a blockchain-based digital placement platform. Leading insurance broking and risk management firm Marsh has piloted a blockchain-based digital placement platform. Per a Sept. 24 press release, the Risk Exchange platform aims to ensure a more transparent and secure digital placement and enables users to receive […]
Continue Reading
Multiple EU politicians are calling for a united European digital currency to counter Facebook’s stablecoin project Libra. The ripples of the Libra effect are beginning to lap against the shores of Europe, with French Finance Minister Bruno Le Maire suggesting that Europe should throw its hat into the ring and launch its own digital currency. […]
Continue Reading
Montreal-based digital asset custodian Knøx has secured $8.25 million in a seed round to roll out a crypto custody service for institutional customers and fiduciaries. Montreal-based digital asset custodian Knøx has secured $8.25 million in a seed round to support its crypto custody service for institutional customers and fiduciaries. The funding round was led by […]
Continue Reading
Coinbase-backed token issuance protocol Securitize completes a new funding round led by the VC arms of Banco Santander, MUFG and Nomura Holdings. Securitize, a Coinbase-backed token issuance protocol, raised $14 million in a funding round led by the venture capital (VC) wings of major commercial banks. The San Francisco-based startup has conducted an extension of […]
Continue Reading
The SEC received an S-3 stock registration filing for a blockchain-based digital preferred stock from online retail giant Overstock. Online retail giant Overstock filed an S-3 form for the registration of its blockchain-based digital preferred stock with the United States Securities and Exchange Commission (SEC). The news builds on previous reports that the firm was […]
Continue Reading
Cointelegraph presents ongoing updates from today’s U.S. House Financial Services Committee hearing with the SEC. Disclaimer: This report is being updated live from the Financial Services Committee floor. Check in for the latest on the hearing’s progress. In advance: As Cointelegraph reported on Sept. 20, the United States House of Representatives Financial Services Committee is […]
Continue Reading