Catherine Bessant admitted that the institution has yet to find blockchain use cases for the financial services sector. Catherine Bessant, chief technology officer at Bank of America, admitted that the institution has yet to find blockchain use cases for the financial services sector. Bessant made her comments during an interview with Bloomberg published on May […]
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M.Y. Safra Bank will provide FDIC insurance to traders in a move organizers say will further reduce counterparty risk. Institutional cryptocurrency prime dealer SFOX has partnered with a New York bank to offer state-insured bank accounts for traders, the company confirmed in a blog post on May 14. SFOX, which says the move is an […]
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Hacked New Zealand-based cryptocurrency exchange Cryptopia has gone into liquidation and suspended trading services. Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15. Grant Thornton New […]
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Onchain Custodian CEO predicts more collaboration between traditional and crypto custodians; fellow panelists agree. Alexandre Kech, CEO of Onchain Custodian, predicted that collaboration between crypto and traditional custodians will grow. Kech’s remarks came during a panel called “Custody: The New Global Competitive Landscape,” part of Consensus 2019 on May 14. Kech observed that crypto custodians […]
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North Rhine-Westphalia has announced that it is founding the European Blockchain Institute in Dortmund later this year. The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press release on May 13. According to NRW Economics Minister Andreas Pinkwart, the European Blockchain […]
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Social networking giant Facebook has on-boarded two compliance officers who previously worked at U.S. major cryptocurrency exchange Coinbase. Social networking giant Facebook has on-boarded two new compliance experts, who previously worked at United States major cryptocurrency exchange Coinbase. Mikheil Moucharrafie joined Facebook as compliance officer after almost four years of working at Coinbase. At the […]
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Hyperledger has introduced a set of tools dubbed “Hyperledger Aries” aimed at interoperability of different types of blockchain-based data. Hyperledger has introduced a set of tools dubbed “Hyperledger Aries” aimed at interoperability of different types of blockchain-based data. The company announced the development in a blog post on May 14. Hyperledger Aries is a set […]
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The U.S. SEC has again delayed its decision on crypto index fund provider Bitwise’s bitcoin ETF application, soliciting the public for comment. The United States Securities and Exchange Commission (SEC) has again delayed its decision on cryptocurrency index fund provider Bitwise Asset Management’s bitcoin (BTC) exchange traded fund (ETF). The development was revealed in a […]
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Ripple’s Ryan Zagone said that digital currencies and blockchain are being recognized as a part of the United State’s tech independence. Technology needs to be a national issue for the United States, with digital currencies and blockchain to be recognized within that goal, according to Ripples’ Director of Regulatory Relations Ryan Zagone, at the Consensus […]
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Bitcoin continues to trade near $8,000, with other top 20 cryptocurrencies reporting mixed signals. Tuesday, May 14 — Yesterday’s rally in cryptocurrency markets has slowed, with the top 20 coins by market capitalization reporting mixed signals, according to Coin360. Market visualization from Coin360 After breaking the $8,000 threshold yesterday, the leading cryptocurrency bitcoin (BTC) has […]
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