Fidelity Digital Asset Services (FDAS) has announced that New York officials have given it the green light to offer crypto trading services to its clients in the state. FDAS, a subsidiary of Fidelity Investments, has received a “BitLicense”, a coveted legal requirement to do business in the Empire State, from the New York State Department…
Read moreHSBC is revolutionising the way the bank tracks and records assets. Currently, Reuters reported that HSBC plans to shift around $20 billion worth of assets from paper records to a new digital blockchain platform. The shifting is expected to take place by March and it will be one of the biggest deployments of blockchain ever…
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After years of chasing the founder of the largest Ponzi scheme in the crypto world, Ruja Ignatova, her brother, Konstantin Ignatov finally pleaded guilty for committing fraud and money laundering. Not only did he admit these crimes, but he also accused the founder of a racehorse fund of stealing $110 million from the Ponzi scheme.…
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Institutional spot crypto currency exchange LMAX Digital has started publishing its daily trading spot volumes on its official website, www.lmaxdigital.com. The company’s move to start publishing its volumes aims to add greater transparency around real spot volumes traded daily in the industry. Jenna Wright, Head of LMAX Digital, commented: We believe that placing LMAX Digital…
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The European Commission and European Investment Fund (EIF) has launched a new investment program for the benefit of developments in Artificial Intelligence (AI) and Blockchain technology. The initial scope of the fund will be €400 million, but it could grow to €2 billion over time. The new initiative is seen as a stopgap measure to…
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Have you ever questioned where your food came from, especially when dining on supposedly fresh seafood? Today’s food consumer is quickly becoming more conscious of the quality of ingested food, as information floods the market of contaminated sources and production methods. As more and more companies are discovering, blockchain technology offers a far better solution…
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As we have reported on several previous occasions, the regulatory establishment and government officials want to dismantle the anonymity privileges that various blockchains provide for crooks, money launderers, and those intent on funding terrorist operations. The “noose”, orchestrated by this group, is slowly tightening around the neck of the crypto community. The previous G20 meeting…
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Steve Mnuchin is determined to become the proverbial “fly” in the crypto “ointment”. The head of the U.S. Treasury made it clear last July, when Facebook’s Libra project was taking a beating in Congress, that he is no fan or friend of cryptocurrencies. Whether it is his personal opinion or just agreeing with President Trump’s…
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While a long list of counties across the globe are doing their best to attract blockchain development expertise to their domestic financial “hubs”, Bahrain, a nation comprising more than 30 islands in the Arabian Gulf, has been silently making appropriate moves in the background to pave the way for the ongoing growth of its financial…
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Bitcoin is getting new traction in South American countries. While the price fluctuations of the currency are still valid and the market is extremely volatile, there is no denial that the "people's currency" is "rain making" in South America. According to recent press releases, adoption of Bitcoin in South America has increased significantly in the…
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