Russia Said it Will Regulate Crypto 3 Times in the Past 2 Years, Could it Work This Time?

Russia Said it Will Regulate Crypto 3 Times in the Past 2 Years, Could it Work This Time? Russian President Vladimir Putin has issued a fresh order to Russia’s government demanding that they draft and approve a regulatory framework for the crypto industry. Although this seems like a positive development for the industry, similar orders have…

Samsung Announces Galaxy S10 Crypto Partners, Bitcoin and Ethereum Support

Samsung Announces Galaxy S10 Crypto Partners, Bitcoin and Ethereum Support The new Galaxy S10 series smartphones by South Korean tech giant Samsung will apparently have wallet functions for Ethereum (ETH), Bitcoin (BTC) and two other tokens. A Samsung official spoke about the phone’s new features at the Mobile World Congress in Barcelona, Spain on Feb. 25. In its presentation, Samsung revealed various crypto…

Overstock Founder: Blockchain Can Make Government ‘Incapable of Being Bribed’

Overstock Founder: Blockchain Can Make Government ‘Incapable of Being Bribed’ The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12. Byrne reportedly said that government services have reached a turning point for a fundamental change of their structure, and blockchain…

Bithumb Kicks Off Middle East Expansion With UAE Crypto Exchange

Bithumb Kicks Off Middle East Expansion With UAE Crypto Exchange South Korean cryptocurrency exchange Bithumb is planting its flag in the Middle East with the launch of a licensed fiat-to-crypto exchange in the United Arab Emirates (UAE). The firm announced Tuesday that it has signed a memorandum of understanding (MoU) with the UAE-based firm Nvelop…

SBI Reports Financial Results, Recognizes Ripple for Cross Border Payments

SBI Reports Financial Results, Recognizes Ripple for Cross Border Payments Japanese finance giant SBI Holdings has released its nine-month financial report today, Jan. 31. In the report for the period ending on Dec. 31, 2018, SBI notes Ripple’s potential for cross-border payments. SBI outlines the implementation of technologies by Ripple (XRP) and blockchain consortium R3 as a major part of its strategy to enable a global…

World’s Largest Gun Auction Site GunBroker.com to Add Stablecoin ‘FreedomCoin’

World’s Largest Gun Auction Site GunBroker.com to Add Stablecoin ‘FreedomCoin’ Major United States-based firearms marketplace GunBroker.com will integrate a new stablecoin dubbed “FreedomCoin” as a payment method, according to a press release from the coin’s developers, Jan 29. Blockchain startup ICOx Innovations announced the coin today as a “new regulatory compliant corporate currency.” According to the firm’s press…

JPMorgan Notes Marginal Improvements to Payment System With Blockchain Technology

JPMorgan Notes Marginal Improvements to Payment System With Blockchain Technology Experts at financial services giant JPMorgan say that blockchain technology will provide benefits to banks and payment systems, Bloomberg reports on Jan. 29. JPMorgan’s chair of global research, Joyce Chang, said, “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be…

Bitcoin ATM Startups Say They’re Booming, Thanks in Part to Venezuela

Bitcoin ATM Startups Say They’re Booming, Thanks in Part to Venezuela The companies behind the world’s bitcoin ATM networks say their market is alive and well. Matias Goldenhörn, director of Latin America operations at the ATM operator Athena Bitcoin, told CoinDesk that such ATMs are “becoming a real alternative to banks” for diverse users in…

Insurance Giant Aetna Partners With IBM on Blockchain Network for Healthcare Industry

Insurance Giant Aetna Partners With IBM on Blockchain Network for Healthcare Industry United States-based health insurance giant Aetna has partnered with IBM to create a blockchain network tailored to the healthcare industry, Reuters reportedJan. 24. Estimated to serve over 39 million clients globally, Aetna has reportedly issued a joint statement with IBM clarifying that the blockchain system will be designed to streamline…

Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy

Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy Iran is toying with the idea of lopping zeros off its national currency as inflation goes through the roof. History tells us this is rarely a good idea. Cryptocurrency provides an alternative for those living in countries where the fiat currency is being rendered worthless. Crypto…

StanChart’s Singapore Unit Completes First Blockchain-Powered Trade Finance Deal

StanChart’s Singapore Unit Completes First Blockchain-Powered Trade Finance Deal The Singapore unit of London-headquartered multinational banking and financial services firm Standard Chartered has completed its first blockchain-powered trade finance deal. The news was reported by Singapore’s English-language financial daily The Business Times on Jan. 24. The bank reported that the blockchain solution — developed by blockchain startup Distributed Ledger Technologies —…

Smart Contracts Don’t Necessarily Disrupt Traditional Contract Law, Expert Argues

Smart Contracts Don’t Necessarily Disrupt Traditional Contract Law, Expert Argues Blockchain-based smart contracts indubitably fall subject to private international law, a legal expert has argued in a post published to Oxford University’s Business Law Blog today, Jan. 23. Giesela Rühl — a professor of Private International Law and co-director of the Centre for European Studies at the Friedrich Schiller…