German Gov’t Hearing Takes Regulators to Task for Lack of Legal Framework on Blockchain

During a recent hearing, German regulators and lawmakers have been accused of failing to create a workable legal framework that would foster blockchain adoption in the country. German regulators and lawmakers have thus far failed to create a workable legal framework that would provide legal certainty for applications of blockchain technology, representatives from the country’s […]

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Mining Giant Canaan Seals ‘Hundreds of Millions of Dollars’ in New Funding: Report

The mining giant has yet to confirm the news officially, which appeared in a Chinese finance newspaper. Chinese cryptocurrency mining manufacturer Canaan Creative has completed a multimillion-dollar funding round, local finance news outlet Securities Times reported on March 11. Canaan, which has not officially confirmed the report, is rumored to have raised an unspecified sum […]

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Paxos’ Precious Metal-Backed Cryptocurrency to Launch This Year, CEO Says

Chad Cascarilla, CEO of blockchain trust company Paxos, has revealed that the company’s gold-backed cryptocurrency will be launched in 2019. Blockchain trust company Paxos’ digital token backed by precious metals will be launched “definitely this year,” said Paxos CEO, Chad Cascarilla in an interview with Fortune’s Balancing the Ledger on March 11. During the interview, […]

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Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform

American retail corporation Overstock.com’s blockchain subsidiary Medici has acquired a stake in blockchain banking project Bankorus. Retail giant Overstock.com, Inc.’s blockchain subsidiary, Medici Ventures, has acquired a stake in blockchain banking platform Bankorus, according to a press release published on March 11. Medici Ventures has purchased a 5.1 percent stake in Bankorus, a blockchain banking […]

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EU Report Calls for Blockchain Interoperability Standards

A new report by the European Union Blockchain Observatory proposes a series of standards regarding blockchain technology. A recent report to the European Union made recommendations on how to better develop blockchain technology, including the introduction of interoperability and scalability standards. The report was published by the European Union Blockchain Observatory and Forum on March […]

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Barclays Analyst Predicts Billions in Additional Revenue From ‘Facebook Coin’ by 2021

A Barclays analyst stated that a possible “Facebook Coin” could generate $19 billion in additional revenue by 2021. Facebook’s own cryptocurrency, if launched, could potentially generate $19 billion in additional revenue by 2021, CNBC reports on March 11. Barclays internet analyst Ross Sandler wrote in a client note that a cryptocurrency could establish a new […]

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German Blockchain Strategy Should Include Framework for Crypto Trading, Say Politicians

German parliamentary speakers have argued that the country’s blockchain strategy should include an appropriate legal framework for cryptocurrency trading and token issuance. German parliamentary speakers have argued that the country’s blockchain strategy should include an appropriate legal framework for cryptocurrency trading and token issuance that would encourage the sector’s domestic development. The suggestion was put […]

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