U.S. Secretary of the Treasury Steven Mnuchin said Wednesday (Feb. 12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). He said that there had to be a balancing act — the tech should be allowed...
Circle Invest will be sold to Canada-based Voyager Digital by its current owner Circle Internet Financial, with Circle Invest gaining an equity stake in Voyager as a result. Common shares of 4 percent will be issued by Voyager to Circle Invest, and it will reimburse...
JPMorgan Chase’s marquee blockchain unit, Quorum, will merge with Brooklyn-based startup ConsenSys, according to sources familiar with the inner workings of the deal. The deal will be announced sometime within the first half of 2020, and financial terms were still unclear on Tuesday. There are...
A new video ad campaign by Figure Technologies has “Blockchain,” the character explaining the eponymous technology, according to published reports Tuesday (Feb. 11). The ad is aimed at helping viewers understand what Figure does. The startup uses a lending process based on blockchain — a...
In the U.S., President Trump’s Fiscal Year 2021 budget, sitting at $4.8 trillion as of this week, proposes expanding the Treasury Department’s oversight of cryptocurrency. The budget, released Monday (Feb. 10) seeks to do so by returning the U.S. Secret Service under its umbrella, rather...
The blockchain is making it faster and easier for insurance service providers to fast track coronavirus claims. China’s online mutual aid platform Xiang Hu Bao, owned by Ant Financial, and Blue Cross (Asia-Pacific) Insurance in Hong Kong, have both used the blockchain to quickly process...
SEC Commissioner Hester Peirce has proposed a three year “safe harbor” for digital token projects that would let them develop networks and build communities before they’re considered securities that need to be enforced, according to a report Thursday (Feb.6) by Coindesk. The proposed rule would...
Clear, a startup that wants to build blockchain for huge-volume transaction systems like telecommunications companies, has announced a $13 million Series A funding round, according to reports. The funding round was spearheaded by Eight Roads, with participation from Telefónica Innovation Ventures, Deutsche Telekom’s Telekom Innovation Pool,...
BitPay, a leading Bitcoin and cryptocurrency payment service, said that it will soon allow invoices to be paid from any Bitcoin wallet or crypto exchange, according to a report Tuesday (Feb. 5) by Cointelegraph. BitPay CEO Stephen Pair said the decision to allow payments was...
