US Supreme Court Acknowledges Bitcoin Could Be Used as a Currency

US Supreme Court Believes Bitcoin Could Be Used as a Currency

The Supreme Court of the United States issued a ruling today on 21 June 2018 that acknowledges Bitcoin could be used as a currency. While this doesn’t amount to a legal decision on Bitcoin or cryptocurrency, it clearly acknowledges Bitcoin and is the first time Bitcoin is mentioned in a Supreme Court ruling. The ruling was […]

Chinese Academy of Sciences Creates Lab to Explore Blockchain Mathematics

Chinese Academy of Sciences Creates Lab to Explore Blockchain Mathematics

The National Mathematics and Interdisciplinary Science Center at the Chinese Academy of Sciences, a federal institution, has created the Big Data and Blockchain Lab in a partnership with Beijing Tai Yun Technology Company. This new laboratory aims to explore blockchain technology with mathematics in order to make critical improvements. A couple of research goals explicitly […]

Microsoft, EY’s Blockchain Royalties Solution Could Become World’s Largest

Microsoft, EY's Blockchain Royalties Solution Could Become World's Largest

Ernst & Young (EY) and IT multinational Microsoft have launched a new blockchain solution aimed at content rights and royalties management. The blockchain solution has been structured to initially focus on Microsoft’s gaming sector along with its game publisher partners and is hoping to streamline rights and royalties processes. The two companies have created a […]

South Korean Regulators Move to Tighten Rules After Exchange Hacks

South Korean Regulators Move to Tighten Rules After Exchange Hacks

In response to two major hacks this year, including the Bithumb exchange attack this week, the South Korean government has acted quickly with a new bill aimed at tightening regulations for cryptocurrency exchanges. Choi Jong-ku, chairman of the country’s top financial regulator, the Financial Services Commissions (FSC), responded to the most recent attack on Bithumb, […]

Nasdaq Develops Blockchain Tech for Rapid Collateral Delivery for Margin Calls

Nasdaq Develops Blockchain Tech to Rapidly Deliver Collateral for Margin Calls

Nasdaq has developed a distributed ledger blockchain system that optimizes the use of securities as collateral for margin calls. A network is built between collateral givers, collateral takers, and intermediaries, and the system rapidly transfers collateral to central counterparties (CCP) round the clock. The CEO of Nasdaq Clearing, Julia Haglind, said, “As both a leading […]

French Regulator Cracks Down on Unauthorized Crypto Platforms

French Regulator Cracks Down on Unauthorized Crypto Platforms

The French independent financial regulator, Autorité des marchés financiers (AMF), has issued a warning to the public that unregulated cryptocurrency exchanges operating in the country are illegal. AMF is the stock market regulator in France, an independent public body that is responsible for safeguarding investments in financial instruments and in all other savings and investment […]

Blockchain Must Make Impact on Digital Identity Crisis of Refugees

Blockchain Must Make Impact on Digital Identity Crisis of Refugees

World Refugee Day on 20 June cast focus again on how blockchain technology could play a part in presenting a major solution to the problem of displaced people around the world, writes Bitcoin Magazine. There are currently 25.4 million refugees in the world and some 3.1 million asylum seekers around the world, according to the United Nations […]

Trump Aide Mulvaney Says Hands-Off Bitcoin Approach Will Push Market

Trump Aide Mulvaney Says Hands-Off Bitcoin Approach Will Push Market

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, says a “Goldilocks moment” needs to be found in any regulation of the cryptocurrency ecosystem, reports Coindesk. John Michael Mulvaney is an American politician of the Republican Party serving in President Donald Trump’s cabinet as Director of the Office of Management and Budget and Acting […]

Horizons Blockchain ETF Launching on Toronto Stock Exchange

Horizons Blockchain ETF Launching on Toronto Stock Exchange

The Horizons Blockchain Technology and Hardware Index exchange traded fund (ETF) will be launching on the Toronto Stock Exchange on 21 June 2018 under the ticker symbol BKCH. The co-CEO of Horizons ETF’s Management Canada Inc, Steve Hawkins, says this ETF will be different from others since it will focus on the hardware and services infrastructure […]