Banks in US Can Now Offer Crypto Custody Services, Regulator Says
The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies. In a…
Tag: blockchain
China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains
A blockchain infrastructure backed by the Chinese government will open its services to decentralized applications (dapp) developers on a global scale on August 10. The…
In the Aftermath of Hack, Lawmakers Blame Twitter, Not Bitcoin
Wednesday’s Twitter hack would seem to spell regulatory doom for Bitcoin, which is widely distrusted in Washington. Some lawmakers – and U.S. President Donald Trump himself…
After the Twitter Hack, We Need a User-Owned Internet More Than Ever
The dust is still settling, but July 15, 2020, already looks to be one of the worst days in Twitter’s 14-year history. A devastating hack,…
UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers
Revolut customers in 49 U.S. states can now buy, hold and sell bitcoin (BTC) and ether (ETH) on the digital bank’s crypto platform. The British fintech firm entered the U.S.…
Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing
The number of whale addresses, or those holding a large number of bitcoins, has declined to a 14-month low. However, the drop isn’t necessarily a…
Miners Are Sending Bitcoins to Exchanges Again – And That May Be Bearish
Bitcoin outflows from miner wallets have spiked, with the majority of coins finding their way onto cryptocurrency exchanges. The net flow of coins into or out…
In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers
The solution initiated by ING – currently dubbed the Travel Rule Protocol or TRP – has also been backed by Standard Chartered Bank, Fidelity Digital…
Ethereum Has Become Bitcoin’s Top Off-Chain Destination
Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network…
Lightning Network Overhaul Could Strengthen Bitcoin Privacy – But Many ‘Ifs’ Remain
Known as Bitcoin’s second layer, since most of the action takes place off the blockchain, Lightning is being built out for faster, cheaper and more…