With a crackdown on gambling amid the FIFA World Cup, authorities in China have seized over $1.5 million in digital currency. Police started an investigation into the unnamed gambling site after ads said that the platform would “accept international recognized cryptocurrencies, including bitcoin, Ether and...
Zug is a small town near Zürich with only about 30,000 residents, yet it is impacting the FinTech world in a big way. The town, whose economy was once focused on heavy industry and agriculture, is now home to a myriad of companies in the...
In an effort to expedite payments for small businesses, MakerDAO is working with Tradeshift to tokenize unpaid invoices through an experimental program. MakerDAO, which has a stablecoin called Dai, said the token is being tested with the Tradeshift Cash solution, CoinDesk reported. With the effort, a...
Citing anti-money laundering rules and other regulations, traditional banks in Switzerland have often refused to operate accounts for crypto companies. But Heinz Tännler, finance director of Zug canton, said he believes regulators and politicians may remove some obstacles for crypto firms and allow them to...
Digital currency sales reached $13.7 billion for the first five months of 2018, which is close to double the sales from last year. Reuters, citing research from Strategy&, the unit of PwC and Crypto Valley Association, reported that virtual currency sales from 537 initial coin offerings...
The Federal Bureau of Investigation is busy when it comes to cryptocurrencies — Kyle Armstrong, a supervisory special agent, said at a conference this week that the agency has 130 open cases related to crypto. Bloomberg, citing the comments Armstrong made at a digital asset...
Federal employees must now report any crypto investments on their financial disclosure statements. According to The Washington Post, virtual currencies will also be covered by conflict of interest laws, the United States Office of Government Ethics announced on Monday (June 18). “OGE does not consider...
Western Union’s chief executive Hikmet Ersek said this week that testing Ripple’s cryptocurrency XRP for payments hasn’t given the company any financial benefits as of yet. Speaking during a presentation at the Economic Club of New York covered by Fortune, the Western Union CEO said while...
With the rise of the ICO and a host of startups making digital tokens all their own, the question arises: what to do with all of those tokens? Theoretically, they should be tradable — but there are few places were those trades can happen. Coinbase...
