DBS Bank pilots blockchain-based government grants

Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations.Local media Sohu reported on the actions undertaken by Chinese authorities on Nov. 22. However, the date at which the event itself took place is unclear.The same day, founding partner of blockchain-based investment company Primitive Ventures Dovey…

There is new movement in a class-action lawsuit originally filed in May 2018, centered around allegations that Ripple violated the Securities Act through a 2013 initial coin offering (ICO) of the XRP token. On March 25, an amended complaint accuses Ripple CEO Brad Garlinghouse of touting the token to prospective investors while silently liquidating his holdings. Garlinghouse…

Banking mogul Jamie Dimon has been a notorious detractor of Bitcoin since 2017, in contrast to his firm’s overt desire to capitalize from the ecosystem’s growth. 4088 Total views 31 Total shares In an online interview with Times of India, Jamie Dimon, CEO of investment banking behemoth JPMorgan Chase, slandered Bitcoin’s popular appeal, despite stating…

We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense.Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or FTX’s…

In a short blog post on EOS social media platform Voice, Larimer hinted at future social media development 1634 Total views 8 Total shares Daniel Larimer, the CTO of EOSIO developers block.one and founder of early crypto exchange Bitshares and blockchain-based social media platform Steem, announced in a short blog post today that he has…

The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York. 179 Total views 6 Total shares Own this piece of history Collect this article as an NFTTerraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New…

The United States House of Representatives Financial Services Committee heard testimony from from Facebook’s David Marcus, today July 17. Marcus, the CEO of the Calibra wallet service for the social media giant’s forthcoming Libra stablecoin, attempted to assuage regulators’ concerns regarding the project and educate lawmakers on its purpose and potential. Cointelegraph has compiled some…

The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid. 198 Total views 11 Total shares The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue…

If Bitcoin (BTC) was born in response to the systemic failures laid bare by one global financial crisis, then the subsequent rise of various decentralized networks can be seen as differences in opinion on the best way forward. All are in agreement that the existing financial system is broken, but are slightly at odds in…