Business News

Tether to File Motion to Dismiss Class Action Lawsuit Based on NYAG Claims

The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred.

Policy & regulation  ·  15 November 2019

Northern Trust Testing Fractionalized Bonds on Blockchain

The U.S.-based custody bank is looking to offer fractions of tokenized bonds to retail and small professional investors.

Business  ·  14 November 2019

OneCoin Founder’s Brother Faces 90-Year Jail Term After Plea Deal

The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities.

Markets  ·  14 November 2019

Ledger’s Vault Scores $150 Million in Crypto Insurance From Lloyd’s Syndicate

The move is another sign that the insurance industry is gradually becoming comfortable writing coverage for digital assets.

Policy & regulation  ·  14 November 2019

Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push

OneConnect Financial Technology, the banking and blockchain arm of China's largest insurance company, filed a prospectus with the SEC on Wednesday.

Business  ·  14 November 2019

HSBC, SGX to Investigate if DLT Offers Efficiency Boost for Bond Markets

A new trial will examine if digitalizing fixed income securities with DLT can bring new efficiencies to the Asian markets.

Business  ·  13 November 2019

Despite Denials, Tron Founder Confirms Investment in Poloniex Crypto Exchange

Despite an earlier denial, Justin Sun is part of an investment group buying troubled crypto exchange Poloniex.

Business  ·  12 November 2019

BitGo Says It’s Now Processing 20% of Bitcoin Transactions

The crypto custodian facilitates a sizable share of on-chain transactions, a sign of consolidation, and power, in the crypto space.

Policy & regulation  ·  12 November 2019

China Central Bank Official: Digital Yuan Should Have ‘Controllable Anonymity’

China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.

Policy & regulation  ·  12 November 2019
Supply Chain

UPS Ships Beef to Japan, Tracked and Monitored Using Blockchain Tech

The shipping giant says it has tracked and delivered a full shipment of beef from Kansas to a Tokyo steakhouse with help from blockchain firm HerdX.

Business  ·  12 November 2019
Digital Currency

French Central Bank Job Posting Reveals Digital Currency Program

Banque de France is seeking a blockchain analyst who will help the bank define a program for implementing digital currency.

Business  ·  11 November 2019

BnkToTheFuture CEO: 50 Percent of Funding Will Be Through Security Tokens in 2020

BnkToTheFuture invested in a SEC-registered broker dealer to enable U.S. investors participate in security token offerings.

Markets  ·  11 November 2019

Crypto and Blockchain Jobs Have Increased By 26% Since 2018: Research

Wile the number of ads being posted in the space has grown, job seeker interest has plummeted, according to Indeed data.

Business  ·  8 November 2019

Pension Funds Double Crypto Asset Exposure in Morgan Creek’s Fund to 1%

The two Fairfax County, Virginia, pension funds invested only 0.5 percent in crypto and blockchain last year.

Business  ·  8 November 2019

Digital Travel Firm Webjet Has Launched Its Booking Verification Blockchain

The ethereum-based platform is aimed to do away with price and accommodation disparities in the travel industry.

Business  ·  7 November 2019