The ex-CEO of the Mt. Gox bitcoin exchange, who faced charges of alleged embezzlement, denied guilt in a Tokyo court during closing arguments, Coindesk reported. The cryptocurrency exchange failed after it reportedly lost hundreds of thousands of bitcoins worth $480 million. Although the ex-CEO isn’t...
According to the U.S. Department of Defense, blockchain has “a lot of potential” to help the way troops respond to disaster relief. During a recent meeting of the Troop Support division of the Defense Logistics Agency (DLA) in Philadelphia, hosted by the Troop Support’s Continuous...
The government of India is reportedly considering the legalization of digital currencies, with some restrictions, per CoinDesk. According to reports, an unnamed senior official, who was reportedly present for the meetings of an interdisciplinary committee, said, “There is a general consensus that cryptocurrency cannot be...
Alan Konevsky is the new chief legal officer for tZERO. The former senior vice president at Mastercard will oversee tZERO’s legal, regulatory, public policy and compliance functions. In addition, he will work with investors, clients and regulators on the company’s Security Token Offering, advisory services business and...
A bipartisan bill has been introduced by Congress that would aim to amend the Securities Act of 1933 and the Securities Exchange Act of 1934. According to CNBC, Reps. Warren Davidson (R-Ohio) and Darren Soto (D-Fla.) introduced the “Token Taxonomy Act,” which would not only redefine “digital token,”...
Bitcoin, the leading digital currency, is having a bit of a resurgence this week. Surpassing $4,000 for the first time in two weeks, this is seen as a breakout from a decline that has been going on for some time now. According to a report in...
Bitcoin might be making a comeback. The crypto saw a 10 percent increase on Wednesday (Dec. 19) morning to reach a high of $3,929.10. This latest surge brought bitcoin’s three-day gains to more than 22 percent. And it wasn’t the only digital currency to get...
Coinbase has announced the launch of Convert, a new service that allows customers to convert one cryptocurrency into another at a lower cost than if completed in two separate transactions. Customers can now instantly convert between bitcoin and ethereum, ethereum classic, litecoin, 0x, or bitcoin cash...
One year after bitcoin topped $19,400, the popular cryptocurrency rallied on Monday (December 17) and broke through the $3,400 level, CNBC reported. Still, the outlet noted that the digital currency plummeted by over 80 percent since that time. According some reports, the cryptocurrency had its...
