Bitcoin Exchange ItBit Seeks Bank License With Ex-FDIC Chair

Bitcoin Exchange ItBit Seeks Bank License With Ex-FDIC Chair   UPDATE (24th April 20:35 BST): This piece has been updated with additional information regarding itBit’s application filing. ItBit has filed an application for a state banking license in New York. In statements to CoinDesk, New York State Department of Financial Services (NYDFS) spokesman Matthew Anderson confirmed…

Barclays Data Officer Praises Blockchain Tech at SWIFT Forum

Barclays Data Officer Praises Blockchain Tech at SWIFT Forum   Blockchain technology is “transformative”, according to Usama Fayyad, chief data officer at Barclays. Speaking at SWIFT Business Forum London, Fayyad explained that he believes bitcoin is interesting, but argued that it may not remain the most compelling use case in the future. “Underneath [bitcoin] lies the…

Rivetz Ensures ‘Passwords go Away’

Rivetz Ensures ‘Passwords go Away’   Gone are the days of train robberies on horseback. However, as technology advances, so do criminals. In 2013 a report divulged that the malicious Malware Carbanak allowed perpetrators to transfer exorbitant amounts of money to fake accounts and ATMs, monitored by sophisticated sleuths. Allegedly the amount stolen is close…

Spanish Bitcoin Community Celebrates Bitcoin’s VAT Exemption

Spanish Bitcoin Community Celebrates Bitcoin’s VAT Exemption   Spain’s bitcoin community is celebrating following confirmation that the cryptocurrency is exempt from Value Added Tax (VAT) in the country. Bitcoin had always been exempt from VAT, but a spokesperson from Spain’s tax office, Ministerio de Hacienda, told CoinDesk the decision had been clarified following a question…

EU Securities Watchdog Calls for Information on Blockchain Tech

EU Securities Watchdog Calls for Information on Blockchain Tech   The EU’s securities watchdog has issued a call for evidence to ascertain if and when blockchain technology can “enter the financial mainstream”. The European Securities and Markets Authority (ESMA), which oversees securities markets in the region, has spent six months monitoring investment in the bitcoin sector. Now…