July 16, 2019 @ 9:48 am By JD Alois  |  

US Secretary of Treasury Steven Mnuchin held a press conference yesterday in advance of Capitol Hill hearings this week addressing concerns surrounding Facebook’s stablecoin Lira. Mnuchin cautioned the audience that Facebook, and any other crypto creator, must adhere to the high standards of KYC and… Read More

 Tagged elliptic, facebook, libra, perspective, steven mnuchin, tom robinson, us department of treasury

July 15, 2019 @ 10:51 pm By JD Alois  |  

Peer to peer Bitcoin platform Paxful has sent over a note about the first 6 months of 2019. According to the P2P service, the average monthly volume in USD for the first half of 2019 was $65 Million. This amount is almost double the volume… Read More

 Tagged bitcoin, paxful

July 15, 2019 @ 10:06 pm By Cali Haan  |  

The private keys of Dash crypto coins being held in online software “hot wallet” called MyDashWallet have been exposed to hackers for two months, and anyone using the wallet should immediately move funds out. A “hot wallet” is any cryptocurrency software “wallet” connected to the… Read More

 Tagged Dash, deepak patel, mydashwallet, perimeterx

July 15, 2019 @ 9:31 pm By Cali Haan  |  

Several professional cryptocurrency traders are claiming that leverage and “whales” are behind Bitcoin’s recent massive price fluctuations and not coveted “new money.” According to Jeff Dorman, chief investment officer at ArcaFunds: “The Bitcoin price ascent from $4k-$10k was based on a confluence of real factors (depreciating… Read More

 Tagged arca, bitcoin, jeff dorman

July 15, 2019 @ 7:26 pm By Cali Haan  |  

US Treasury Secretary Steven Mnuchin called a surprise press conference this afternoon in Washington DC to tell the public that Facebook and all other providers of “digital financial services” must observe the same financial integrity regimes as banks. Mnuchin called illicit use of cryptocurrencies “a national… Read More

 Tagged facebook, libra, steven mnuchin, us department of treasury

July 15, 2019 @ 4:15 pm By JD Alois  |  

During the past few days a draft House Resolution has been circulating with the title, ‘‘Keep Big Tech Out Of Finance Act.’’ As it is a draft bill, the legislation may never get beyond being run up the flagpole to capture feedback from a wider… Read More

 Tagged keep big tech out of finance Act, legislation, perspective

July 15, 2019 @ 12:30 pm By JD Alois  |  

This past May, Figure Technologies, closed on $1 billion in asset-based financing custodied on the Provenance Blockchain, Inc. (PBI) – a ledger technology Figure built in house. Figure Technologies is SoFi founder Mike Cagney’s latest Fintech venture. Provenance is a protocol created to originate, finance,… Read More

 Tagged dechert, figure, hash, mike cagney, provenance, securities token offering, sto, timothy spangler

July 15, 2019 @ 11:51 am By Samantha Hurst  |  

New York State Department of Financial Services (DFS) announced on Monday it has approved the applications of Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC for virtual currency licenses and has approved Zero Hash for a money transmitter license. SCXM and Zero Hash… Read More

 Tagged bitlicense, new york, new york department of financial services, seed cx

July 15, 2019 @ 11:32 am By Samantha Hurst  |  

Altonomy, a U.S.-based trading desk and market maker for cryptocurrency assets, announced on Monday it secured $7 million through its seed financing round, which was led by Polychain Capital. Founded in 2018, Altonomy describes itself as a cryptocurrency trading, advisory, and asset management firm. The… Read More

 Tagged altonomy, crypto trading, crypto-assets, investment, polychain capital

July 15, 2019 @ 10:58 am By JD Alois  |  

In a letter to shareholders published in advance of an upcoming earnings report, Overstock CEO and blockchain advocate Patrick Byrne defended his vision of “tokenization” and digital assets which he believes are the “killer app of the blockchain revolution.” Overstock (NASDAQ:OSTK) subsidiary tZero is looking… Read More

 Tagged overstock, patrick byrne, tzero