BBVA Can’t Hold Cryptocurrency – And That’s a Problem

The Commodity Futures Trading Commission (CFTC), which regulates derivatives markets in the U.S., has paid out $16 million to whistleblowers this year, and most of the 1,530 tips involved crypto, Commissioner Christy Goldsmith Romero said on Tuesday."The majority of the tips received this year involved crypto – an area that continues to have pervasive fraud

A wide swath of the crypto industry signed a letter to the top lawmakers in the U.S. House of Represenatives, explaining why they should get behind the Financial Innovation and Technology for the 21st Century Act.As House lawmakers are poised for a floor vote next week on the bill, the letter says passage would help

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Despite the downturn in the crypto markets so far in 2018, executives from several bitcoin mining firms have said this scenario has been seen before and they are not deterred by current low prices. Speaking on stage at CoinDesk's Consensus Singapore 2018 event Thursday, Alex Ao, founder of Chinese firm Innosilicon – which launched in…

Over a decade ago, I got into the blockchain business because I wanted to fix the Internet of Things.A decade later, both businesses are thriving and both still have big problems with their business models. It may well be that, like the original internet, we can never really escape bad business models once they take

BTC was little changed while large-cap altcoins gained 5%-10% in a broadening crypto rally.A decline in bitcoin's market cap dominance is a sign of investors' riskier market stance, one analyst said.ByteTree analysts hinted at early signs of a potential altcoin season, adding weight to altcoins in their portfolio at the expense of BTC.Alternative cryptocurrencies –

In a widely anticipated move, the U.S. Federal Reserve's Federal Open Market Committee (FOMC) Wednesday left its benchmark fed funds rate range steady at 5.25%-5.50%."Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation," said the FOMC in its policy statement. "The extent of these effects

In many ways, the question of whether decentralized finance (DeFi) should defy regulators is settled.This corner of the crypto economy uses blockchain technology and smart contracts to remove intermediaries from lending, trading, saving and other financial activities. “Intermediaries” here means not only banks and other financial institutions but also regulators and any gatekeepers.Yet, for the…

news Four European banks – Commerzbank, ING, Natixis and Rabobank – have settled a live transaction for a short-term debt instrument on the Corda platform developed by blockchain consortium startup R3. According to a report from FinTech Futures on Thursday, the transaction involved an issuance of a one-day maturity euro commercial paper (ECP) worth €100,000…