Business News

How Commerzbank Is Throwing Out the Business Blockchain Playbook

4 hours ago admin2 0
With a plethora of business blockchains vying for prominence, banks are under increasing pressure to pick a winner – after all, without network effects, surely the benefits would be lost? While that might be conventional wisdom, Commerzbank AG, one of Germany’s largest financial institutions, is taking a different tack. Rather than choose one protocol on Read More

Crypto Tourism Is Growing – For Better or Worse

23 hours ago admin2 0
Cryptonation. Blockchain Cruise. CryptoCribs. These are just several of the names of tourism programs focused on the blockchain industry, from luxury cruises to Middle East startup tours, that are part of a growing trend targeting crypto-curious travelers. The Blockchain Cruises, organized by the tourism arm of Edinburgh, Scotland-based crypto wallet provider CoinsBank, have garnered a Read More

US Congressman: SEC’s Stance on Ether Is ‘Encouraging’

2 days ago admin2 0
Congressman Tom Emmer has praised the U.S. Securities and Exchange Commission (SEC) for clarifying that ethereum’s native cryptocurrency, ether, is not a security. As previously reported, the SEC’s director of Corporation Finance, William Hinman, told the audience at the Yahoo! All Markets Summit: Crypto conference last week that “current offers and sales of ether are Read More

Bitfinex’s Chief Strategy Officer Leaves Crypto Exchange

3 days ago admin2 0
Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company. Reuters reported Friday that Potter, who is also a director of the ‘stablecoin’ issuing company Tether, will be temporarily replaced by Jan Ludovicus van der Velde, Bitfinex’s CEO. Following the publication of this article, a representative for Bitfinex provided CoinDesk with Read More

Ex-FDIC Chair Bair: ‘I Welcome’ New Rules for Crypto

3 days ago admin2 0
Sheila Bair, a former chairperson of the Federal Deposit Insurance Corporation (FDIC), believes the U.S. should create a wholly new regulatory framework for cryptocurrencies. Speaking at CB Insights’ Future of Fintech conference on Thursday, the noted Fedcoin supporter – that is, a cryptocurrency operated by the U.S. central bank – addressed the challenges that regulators face Read More

Cheetah’s New App Lets Crypto Investors Track Portfolios on the Go

4 days ago admin2 0
Cheetah Mobile, a Beijing-based app developer, announced on Thursday that it’s releasing an app aimed to make it simpler for investors to monitor their cryptocurrency portfolios. Dubbed Coin Master, the mobile app – available for both iOS and Android – will track the real-time prices of cryptocurrencies on over 100 exchanges and automatically calculate overall losses Read More

Robinhood CEO: It’s ‘Very Foolish’ to Rule Out Bitcoin

5 days ago admin2 0
More than a million people signed up to trade cryptocurrencies in the days after mobile trading app Robinhood first announced the feature, co-CEO Vlad Tenev at the Future of Fintech conference on Wednesday. The co-founder of the investing app and web platform was bullish on bitcoin despite the price declines seen over the last few Read More

Tron Bought BitTorrent And Crypto Won’t Stop Talking

6 days ago admin2 0
The founder of a little-known cryptocurrency is making big waves. First leaked last week, more details emerged Tuesday on how Justin Sun, the founder of a controversial cryptocurrency project called Tron (with a market capitalization of more than $3 billion), is acquiring the file-sharing service BitTorrent for as much as $140 million. (A subsequent CoinDesk report Read More

Binance Backs Malta Stock Exchange’s Startup Accelerator

6 days ago admin2 0
The Malta Stock Exchange announced today that Binance, one of the world’s leading cryptocurrency exchanges, is backing its newly launched program to support fintech startups and entrepreneurs. Known as a tiny archipelago between Sicily and the North African coast, Malta, along with several other microstates including Bermuda, Liechtenstein, Gibraltar and San Marino, have joined the race Read More

US Ethics Office: Government Officials Must Disclose Crypto Holdings

6 days ago admin2 0
Those working for the executive branch of the U.S. government must disclose their cryptocurrency holdings, ethics officials said Monday. In a legal advisory released Monday, the U.S. Office of Government Ethics (OGE) clarified that cryptocurrency is “property held … for investment or the production of income” instead of a “real” currency or legal tender. As a Read More