The United Nations (UN) needs to embrace blockchain, António Guterres, U.N. secretary-general, said in a statement to Forbes. Guterres said blockchain technology will be a critical part of the U.N., which produces $50 billion in proceeds each year. China, too, has prioritized blockchain, and the...
Craig Wright, a man who claims he invented Bitcoin, was recently ordered by a judge in Florida to surrender around $3 billion of his holdings in the cryptocurrency, according to a report by Bloomberg. Now Wright says he might not even be able to access...
The Bank of Russia has been testing stablecoins that are attached to real assets, according to reports. The head of the bank, which is Russia’s central bank, said just because they’re testing the coins doesn’t mean they will eventually turn into a money substitute. “We...
Chinese technology company Tencent has announced it’s going to start researching cryptocurrency and its implications for an ongoing project in blockchain, according to reports. Media in China reported that the company told its staff about the news, and that the new research group will be...
China is in the midst of planning to build out its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE), as Reuters reported. Lu said the regulator will reinforce the fusion of FinTech and the...
Digital asset financial services platform BitOoda Holdings, LLC notched a $7 million seed round, the company said in an announcement. The firm says its “investor base was spurred by the achievement of several industry firsts in the past year, with the inclusion of the planning...
The French Financial Markets Authority (AMF) announced that it approved its first initial coin offering (ICO) — “ICO visa” — to the cryptocurrency fundraising platform French ICO. “The PACTE law has indeed introduced in France an optional visa regime for fundraising in crypto-assets. Only public...
The PIT digital currency exchange of Blockchain.com is one of the few exchanges to turn on the U.K. Faster Payments Scheme, The Block reported. The Faster Payments Scheme, as it stands, is a U.K. banking effort that cuts payment times between the customer accounts of...
Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. The new service comes on the heels of an announcement by the Internal Revenue Service (IRS) that it was changing the...
