Tag Archives: ICO’s

Ethereum May Be “as Broadly Adopted as the Internet,” Says Circle Co-Founder

Ethereum May Be “as Broadly Adopted as the Internet,” Says Circle Co-Founder

Jeremy Allaire, co-founder of crypto finance firm Circle, recently told CNBC that cryptocurrencies and blockchain technology may eventually be “as broadly adopted as the internet is today.” He added that digital currencies are “a really fertile space in terms of the fundamental, technical, and infrastructure.” Allaire noted the Ethereum platform currently “has an enormous amount of developer activity” and […]

World’s Fourth-Largest Stock Exchange Eyes Blockchain Use in Securities Transactions

World’s Fourth-Largest Stock Exchange Eyes Blockchain Use in Securities Transactions

The world’s fourth-largest stock exchange released plans to use so-called distributed ledger technology (DLT) in securities transactions July 10. The Shanghai Stock Exchange (SSE), which as of December 2017 had a market cap in excess of $5 tln, said in a report that “most people” consider that blockchain technology can “help improve the transparency of the securities industry.” “Part of the […]

Senior US Regulator Says Ethereum ‘in Its Present State’ Is Not a Security

Senior US Regulator Says Ethereum ‘in Its Present State’ Is Not a Security

A senior U.S. Securities and Exchange Commission (SEC) official has said that leading altcoin Ethereum (ETH) will not be regulated as a security, the Wall Street Journal (WSJ) reports today, June 14. SEC Corporation Finance Director William Hinman said at Yahoo Finance’s All Market Summit: Crypto in San Francisco today that: “Based on my understanding of the present state of ether, the Ethereum […]

Apple Blocks Crypto Mining Apps On Its Products

Apple Blocks Crypto Mining Apps On Its Products

Apple has moved to put a stop to any crypto-mining apps that might be used on its mobile products. In a recent update, the personal computing company expanded its initial guidelines on cryptocurrencies. Before, the guidelines specified apps facilitating cryptocurrency exchange and/or initial coin offerings (ICOs) must comply with all applicable state and federal laws. Now, the […]

Alibaba-Founded Insurtech Firm Promotes Blockchain Use in Healthcare Industry

Alibaba-Founded Insurtech Firm Promotes Blockchain Use in Healthcare Industry

China’s ZhongAn Tech is planning to use blockchain technology to cut risk and costs in healthcare insurance, local news outlet the South China Morning Post reported May 29. ZhongAn, the technology incubator for ZhongAn Online Property & Casualty Insurance, was founded in 2013 by Jack Ma, the chairman of Alibaba Group, Pony Ma Huateng, chairman at Tencent Holdings, and Peter Ma Mingzhe, […]

SEC, CFTC, IRS And Others: A Guide To US Regulating Bodies

SEC, CFTC, IRS And Others: A Guide To US Regulating Bodies

On May 22, 2018  the US Commodity Futures Trading Commission (CFTC) issued an advisory statement for listing virtual currency derivative products. The statement is aimed at providing clarity for exchanges and clearing houses. Previously this week, major US cryptocurrency exchange and wallet Coinbase spoke to regulators about obtaining a federal banking charter. Those events came in the midst of […]

WSJ: Coinbase Spoke to U.S. Regulators About Acquiring Federal Banking License

WSJ: Coinbase Spoke to U.S. Regulators About Acquiring Federal Banking License

Major U.S. cryptocurrency exchange and wallet Coinbase spoke to regulators about obtaining a federal banking charter, according to a report by the Wall Street Journal (WSJ) May 18. Citing “a person familiar with the matter”, the WSJ reports that Coinbase spoke to the U.S. Office of the Comptroller of the Currency (OCC) at the beginning of 2018 both about […]

Facebook Forms Exploratory Blockchain Team Led By Coinbase Board Member

Facebook Forms Exploratory Blockchain Team Led By Coinbase Board Member

David Marcus, the head of Facebook’s messaging app Messenger, announced that the social media site is exploring possible applications for blockchain technology, CNBC reported May 8. “I’m setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch,” Marcus shared in a post Tuesday afternoon on his personal page. Marcus has been leading Messenger for almost […]

Comcast’s Venture Capital Arm Is Bullish On Bitcoin and Blockchain

Comcast’s Venture Capital Arm Is Bullish On Bitcoin and Blockchain

Gil Beyda, managing director of the venture capital (VC) arm of Comcast, appeared on CNBC today, April 26, with a bullish outlook for Bitcoin and real world applications of blockchain technology. Comcast Ventures has already invested in blockchain startups, and four of the firm’s partners are focused on blockchain investments. Beyda emphasized that cryptocurrencies could have a significant impact on […]