Protego Trust Bank N.A. was granted conditional approval for a national bank charter from the Office of the Comptroller of the Currency, the company announced on Friday (Feb. 5). The charter will allow for Protego clients to hold, trade, issue and lend digital assets. The...
In business, as in life, things don’t always work out. For IBM that may be true for its at least some of its blockchain efforts — and possibly for its blockchain unit as a whole. Coindesk reported earlier this week that the tech giant has...
India is looking into a new bill that could ban private cryptocurrencies in favor of a national digital coin, a report says. The bill, titled the “Cryptocurrency and Regulation of Official Digital Currency Bill,” could create a framework in which the official digital currency is...
Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. In 2019, criminal activity constituted 2.1 percent of all crypto transaction volume, which came out to $21.4 billion in transfers. But that number dropped to 0.34 percent, or $10 billion, by 2020, the...
The Mobility Open Blockchain Initiative (MOBI)’s Vehicle Identity (VID) II Working Group unveiled the second part of a vehicle identity standard that uses blockchain technology, according to an announcement. MOBI is a nonprofit alliance that includes automakers, startups and smart city leaders, among others, working on...
Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. startup SETL provided, of around...
Cardano founder Charles Hoskinson says there could be a surge in DeFi usage in Africa, a report from CoinTelgraph says. Hoskinson said he thought around 100 million users would join the Decentralized Finance sector within the next three years. “Who’s actually going to do peer-to-peer...
Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Whether it’s crypto, cash, gold, diamonds, stocks or even cows,...
Bitcoin hit more than $37,700, a new record high that helped drive the cryptocurrency market beyond $1 trillion, CNBC reported on Thursday (Jan. 7), citing data from CoinDesk and CoinMarketCap. At about 2:42 p.m. Singapore time, bitcoin was up 5 percent over the day before....
