US Treasury: Blockchain can improve financial system

The U.S. Consumer Financial Protection Bureau has focused on the role of Apple and Google in mobile payments with a critical eye. 144 Total views 2 Total shares Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, director of the United States Consumer Financial Protection Bureau

The Texas House of Representatives passed a bill to recognize cryptocurrencies under commercial law last month. 1150 Total views 4 Total shares A Texas state regulator has officially affirmed that Texas state-chartered banks are allowed to store cryptocurrencies like Bitcoin (BTC) for their customers.The Texas Department of Banking, a state regulatory agency chartering state banks…

As part of the acquisition, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share held.

In a short period of time, four friend.tech users reported their accounts were compromised and drained after hackers seized control of their mobile numbers. 66 Total views 3 Total shares Friend.tech users are warning of possible SIM-swap attacks after a recent spate of supposed hacks — resulting in nearly 109 Ether (ETH) worth around $178,000

China is reportedly leading the world in the number of blockchain projects currently underway in the country, Chinese English-language news daily China.org.cn reports on April 2.Citing a report by Blockdata, China.org.cn states that there are 263 blockchain-related projects in China, accounting for 25 percent of the global total.Li Qilei, the CTO at blockchain platform developer…

Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage. 268 Total views 2 Total shares Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.The insurer’s per-policy coverage limits on custodial…

A group led by one of South Korea's leading plastic surgeons, Dr. Kim Byung Gun, has made a major investment in crypto exchange Bithumb’s holding company. Bloomberg reported the news Friday, Oct. 12.The surgeon’s BK Global Consortium has closed a deal to acquire “50 percent plus one share” of BTC Holding Co. – the largest…

President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition. 1333 Total views 7 Total shares The Bank of Tanzania is reportedly working to overturn its ban on crypto amid favorable cryptocurrency comments made by the country’s president.According to Reuters, Tanzania’s central bank has begun working on…