South Korea’s Financial Services Commission (FSC) has updated its anti-money laundering rules by requiring domestic banks to monitor all of the accounts held by cryptocurrency exchanges, CoinDesk reported. Exchanges may have multiple accounts with a bank: They might have an account to store the funds...
Global Debt Registry (GDR) announced on Wednesday (June 27) the launch of its loan registry, created to verify and provide transparency for loan data on the cloud-based IBM Blockchain Platform. In a press release, GDR said that all loan-level collateral positions and verification activity will now...
Central bank digital currencies might have some positive effects, the Kiel Institute for the World Economy wrote in a report posted on the European Parliament’s monetary dialogue. Though the fractional reserve banking system in place would be “challenged at its core” if market participants hold...
This might be an interesting way to earn some digital income: Become a part of Skynet and help spread the gift of artificial intelligence (AI) to in-need businesses around the world, all with the help of blockchain technology. Yes, you read that right — Skynet. But...
The EOS network took the top spot in an evaluation of blockchain networks by China’s Ministry of Industry and Information Technology (MIIT), CoinDesk reported. EOS was followed by Ethereum in second place, with NEO rated third. Bitcoin, however, is far behind, taking up 17th place. The...
Overstock CEO Patrick Byrne believes that blockchain might be the world’s greatest hope in ending global poverty. In an exclusive interview with FOX Business, Byrne said he is looking for suitors who may be interested in his new venture with world-renowned Peruvian economist Hernando de...
Four years after bitcoin exchange Mt. Gox collapsed amid the biggest bitcoin theft in history, its former customers may have a chance to recover their lost cryptocurrency. A court in Japan stopped the exchange’s bankruptcy proceedings, potentially allowing at least a billion worth of digital...
While block hashes don’t always generate tons of internet chatter, TheNextWeb has reported that a peculiar string has caught the attention of crypto enthusiasts. The presence of “21e8” in the middle of the string is raising a question: Was it the work of bitcoin’s purported founder...
Paul McCartney sang: “You never give me your money. You only give me your funny paper.” The sentiment could apply to royalties — the kind paid on music, published works and intellectual property of any sort. Paper checks abound — paper recordkeeping too. Is it...
