In response to questions by law enforcement, financial institutions and regulators, the Financial Crimes Enforcement Network (FinCEN) issued guidance for companies and individuals “engaged in expanding fields of financial activity.” The guidance was called Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual...
Facebook is shoring up its secretive blockchain team with hires from PayPal, according to a report by Bloomberg, and the company might be planning to release its own type of cryptocurrency, which could be announced as soon as the next quarter. The blockchain team at...
Tencent-owned Chinese chat app WeChat has altered its terms of service agreement to stop merchants from raising funds using cryptocurrency or tokens, according to reports. WeChat revised the terms last month, and without much fanfare. The new rules go into effect on May 31, and...
Miners of cryptocurrency bitcoin made $291 million in so-called block rewards in April, which research firm Diar said was a 30 percent increase in monthly revenue. According to a report in TheNextWeb, citing Diar, bitcoin miners earned an additional $14 million via transaction fees, a...
As the world of digital currency moves towards the traditional financial sphere, Currency.com is rolling out what the site describes as the first tokenized government bond in the world. The full debut will allow private and institutional investors to access 1,000 tokenized securities — except...
Generally speaking, price discovery is the way anything that changes hands – from stocks to bonds to software to services – finds a “real” price. It’s the agreed-upon price at which buyers will buy and sellers will sell, offering a sense of equilibrium – if only...
Governments are betting on blockchain to power tourism in cities. China, for instance, has a plan to turn 835 acres off the shores of Malacca, Malaysia into a city built off the technology. The city’s infrastructure will be constructed reportedly through the help of blockchain,...
Jaguar Land Rover, the U.K. vehicle maker, announced Monday (April 29) that drivers will be able to earn cryptocurrency and make payments in-vehicle using car services the company is currently testing. In a press release, Jaguar Land Rover said using smart wallet technology car owners...
With questions surrounding the legitimacy of a “stablecoin” Tether along with regulatory concerns, the digital currency market lost roughly $10 billion in value over a period of an hour on Thursday (April 25). The move followed an allegation that Bitfinex covered up an $850 million...
