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Systems

Wyoming Bill Would Clear the Way for Crypto Custody at Banks

“A bipartisan group of state legislators introduced SF0125 to the government on Friday, which, if passed, would classify digital assets as property within existing laws. It would also establish “an opt-in framework for banks to provide custodial services for digital asset property as directed custodians,” determine standards for such services, clarify how Wyoming courts might classify digital […]
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Systems

Mongolia’s capital city to launch blockchain-based money transfer services via Terra partnership

“Mongolia’s capital city of Ulaanbaatar has partnered with stablecoin project Terra with the objective of launching instant money transfer and lending services, e27 reported. Founded by Daniel Shin, Terra is a new project that aims to create a price-stable digital currency. In August 2018, it raised $32 million in a seed fundinground that received support from Binance Labs, OKEx, Huobi Capital […]
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Global

Mizuho to launch digital currency to promote cashless payments in March

“Japan’s Mizuho Financial Group plans to introduce a proprietary digital currency that can be used for shopping and remitted at no cost, starting next March. Under the plan, retail shops using the currency will be charged fees significantly lower than for credit card services. The banking group aims to promote cashless payments by bringing about 60 regional […]
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Systems

Digital Garage teams up with Blockstream to develop blockchain financial services in Japan

“The global crypto market may have tanked last year, but notable names have joined forces to develop Bitcoin  and blockchain financial services in Japan, which has emerged as one of the world’s most crypto-friendly markets. Blockstream, a blockchain startup founded by Bitcoin contributors, announced this week that it has launched a joint venture in Japan alongside Digital Garage, an early-stage investor/incubator […]
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Systems

The social layer is ironically key to Bitcoin’s security

“A funny thing happened in the second half of 2018. At some moment, all the people active in crypto looked around and realized there weren’t very many of us. The friends we’d convinced during the last holiday season were no longer speaking to us. They had stopped checking their Coinbase accounts. The tide had gone […]
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Systems

Zcash Discloses Vulnerability That Could Have Allowed ‘Infinite Counterfeit’ Cryptocurrency

“Bryce “Zooko” Wilcox, CEO and cofounder of the Zcash company, told Fortuneon a call that his team patched the security hole in October, roughly eight months after its initial discovery. “We don’t believe that there was any exploitation of the vulnerability” on the Zcash blockchain, he said, noting that very few people knew the cryptography well […]
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Deals

Crypto exchange Kraken acquires Crypto Facilities

“Cryptocurrency exchange Kraken just closed its biggest acquisition to date. The company is buying Crypto Facilities in a nine-figure deal. Crypto Facilities is an exchange and index provider regulated by the Financial Conduct Authority in the U.K. In particular, Crypto Facilities lets you trade futures on multiple cryptocurrency pairs.”
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Systems

Coinbase Integrates TurboTax to Help US Clients File Crypto Taxes

“The companies announced Tuesday that they were teaming up to allow Coinbase and Coinbase Pro clients upload their transactions, gains and losses in 2018 directly to TurboTax Premier, one of the tax firm’s products. Coinbase customers can upload as many as 100 transactions at once, according to a press statement from Coinbase. The integration will work […]
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