Bitcoin, like gold, is a limited asset that can’t be easily increased to meet demand. Bloomberg analysts predict the price of both will rise this year.
Former Bakkt CEO to Help Oversee CFTC in Congress
Newly appointed senator Kelly Loeffler will be part of the committee responsible for authorizing the CFTC and approving high-level appointments.
Blockchain Vendor R3 Scores Its Second Patent in a Week
Enterprise software vendor R3 has won a patent for a blockchain-based record system designed to make corporate information-sharing more efficient.
DAO Platform Aragon Begins Recruiting Jurors for Tokenized ‘Court’
The blockchain-based court system will allow humans to arbitrate on disputes brought forward by ecosystem members.
Digital Currencies Won’t Replace US Dollar Any Time Soon: IMF Chief Economist
Digital currencies do not yet meet the criteria to become a viable alternative to the greenback, according to the IMF’s Gita Gopinath.
IBM Blockchain App Promotes ‘Virtuous Cycle’ for Sustainable Coffee
IBM is launching a new app that uses blockchain to allow consumers interested in sustainability to trace the coffee they buy along the supply chain.
Rivals Signature Bank and Prime Trust Team up to Offer Instant Payments for Institutions
Crypto banking rivals Prime Trust and Signature Bank have partnered to offer “real-time” settlements for institutional digital asset trades.
Bitcoin Mining Power Hits Fresh All-Time High
Bitcoin’s hash rate reached record highs this week, likely as some miners scale up operations ahead of the reward halving event later this year.
IOTA Fixes ‘Minor’ Network Bug Following 15-Hour Mainnet Downtime
The IOTA Foundation said it has resolved a software bug that prevented transactions from confirming on the IOTA network for 15 hours.
Hedera Hashgraph Asks Investors to Wait Longer for Tokens After Price Crash
Hedera Hashgraph, the company behind the blockchain-like Hedera network, is asking investors to wait longer for tokens they paid for, in order to stabilize their cratering price.
Chinese Internet Giant Tencent to Launch Digital Currency Research Team
Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies.
Unlike Libra, Digital Yuan Will Not Need Currency Reserves To Support Value: PBOC Official
PBOC wants to distinguish its own digital currency from rival private initiatives.
Poloniex Drops KYC for Withdrawals Below $10,000 Following US Exit
The new KYC requirements come a week after Poloniex completed its U.S. exit.
CipherTrace to Tackle ‘Modern-Day Slavery’ With Crypto Analytics
The blockchain security firm has partnered with the Anti-Human Trafficking Intelligence Initiative (ATII) to fight human trafficking.
Facebook’s Social Media Platforms May Give Libra Unfair Advantage, Says ECB’s Lagarde
Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.
French Financial Watchdog Approves First ICO Under New ‘Visa’ Scheme
The approved ICO issuer can now legally market and host their sale until the beginning of June 2020.
Investment Giant Fortress Issues New Buyout Offer for Mt Gox Creditor Claims
Creditors have until December 31 to accept the offer.
Dragonfly Capital, Paradigm Buy $27.5M Stake in Governing MakerDAO’s Future
Combined, the VCs have the second largest private stake in the MKR ecosystem.
Coinbase CEO Armstrong Wins Patent for Tech Allowing Users To Email Bitcoin
Coinbase CEO Brian Armstrong has been granted a U.S. patent for an invention that makes sending bitcoin as easy as email, literally.
Fidelity-backed Fireblocks In Talks With Potential Wall Street Clients Following EY Accreditation
Enterprise-focused crypto transaction platform Fireblocks has passed an EY data security audit. Now it can seek clients in traditional finance.