Brazil Central Bank Chief Compares Bitcoin to Pyramid Scheme

The head of Brazil’s central bank took a harsh stance toward bitcoin earlier this week, comparing the cryptocurrency to a pyramid scheme. According to RttNews, central bank president Ilan Goldfajn was dismissive of recent price appreciation in the bitcoin market. And while he said it was key to “separate” bitcoin from other applications of its underlying… Read More »

CFTC Aligns With SEC: ICO Tokens Can Be Commodities

The Commodity Futures Trading Commission (CFTC) has said that it may consider tokens issued through initial coin offerings (ICOs) may be considered as commodities. The publication was released by LabCFTC, a fintech initiative within the US regulator that was launched in May. A broad-ranging release, it covers the basics of the technology as well as… Read More »

Swiss City of Zug Backs Blockchain Asset Trade Group

The government of the Canton of Zug is supporting a newly launched trade group that aims to promote the use of blockchain technology in the asset management industry. Announced during the first annual M-0 blockchain conference in Switzerland’s “Crypto Valley,” the Multichain Asset Management Association (MAMA) comprises of 20 companies at inauguration, including Melonport, ConsenSys… Read More »

BNP, EY Complete Blockchain Trial for Internal Treasury Operations

BNP Paribas and “Big Four” accounting firm EY have completed a trial aimed to see if private blockchain technology could improve the bank’s global internal treasury operations. The blockchain system was put through internal testing by BNP’s ALM Treasury department earlier this summer. According to a statement, the “successful” trial proved the potential of the private… Read More »

Top Secret? Microsoft Opens Door to Government Blockchain Use

The U.S. government’s most sensitive data could soon be secured on a blockchain. Revealed today at Microsoft’s Government Cloud Forum 2017 in Washington D.C., the tech giant is launching Azure Government Secret – a service designed to provide government agencies better access to cloud computing. In doing so, however, Microsoft is notably opening the door… Read More »

JPMorgan Integrates Zcash Privacy Tech Into Enterprise Blockchain

Now you see it, now you don’t. The development firm behind the privacy-focused public blockchain zcash has announced the first integration of its zero-knowledge security layer (ZSL) into an enterprise blockchain, with JPMorgan today revealing it has added the functionality to its Quorum blockchain. Derived from zcash’s zk-snarks technology, the code now integrated into Quorum… Read More »

Pump or Progress? Bitcoin Cash Nears $400 on Korea Trading Surge

Backed by strong volumes out of Asia, the price of bitcoin cash jumped to a two-week high today. At press time, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate is $390 – up 25 percent in the last 24 hours. Week-on-week, the cryptocurrency is up 24 percent, while on a monthly basis, it is still nursing… Read More »

Former Bitmain Chip Designer Seeks to Revoke Mining Giant

Bitcoin’s most controversial mining firm, Bitmain, is under threat of having a key chip patent revoked. Forcing a review of the patent is an ex-employee of the China-based mining giant: former director of design Yang Zuoxing, who has now founded a rival mining firm called Bitewei. According to documents reviewed and confirmed by CoinDesk, the… Read More »

Sibos Highlights Swift

There was a looming presence on day one of this year’s Sibos conference. Hosted by Swift, the messaging platform that today connects the world’s banks via a centralized ledger system, the event struggled in the face of an unlikely pressure – a competing conference across town put on by Ripple, a competitor focused on promoting… Read More »

Standard Chartered Joins EquiChain

Multinational banking firm Standard Chartered has inked a year-long partnership deal with fintech startup EquiChain to join its blockchain pilot focused on bringing efficiencies to the capital markets. In a statement, U.K.-based Standard Chartered said it will be the first custodian to join EquiChain’s user group for the prototype platform. Using blockchain technology to enable… Read More »