How Commerzbank Is Throwing Out the Business Blockchain Playbook

With a plethora of organisation blockchains vying for prominence, banks are under increasing pressure to choose a winner– after all, without network results, undoubtedly the benefits would be lost?While that may be traditional wisdom, Commerzbank AG, among Germany’s biggest financial institutions, is taking a various tack. Rather than choose one procedure on which to build…

LA Bitcoin Trader Deals With 30 Months in Prison for Illegal Cash Organisation

A Los Angeles bitcoin trader faces more than 2 years in jail for having run what district attorneys state is an illegal cash transmitting business.Fifty-year-old Theresa Tetley , who worked under the name “Bitcoin Maven,”made at least$300,000 a year from trading bitcoin on Localbitcoins.com between 2014 and 2017, inning accordance with NBC Los Angeles. She…

United States Federal Government Seeks to Offer $24 Million In Confiscated Bitcoin

The United States government is seeking to forfeit 4,000 bitcoins that were seized during a crackdown of vendors on darkweb markets – an amount that worth over $24 million since press time.According to an announcement published by the Department of Justice for the District of Maryland on Tuesday, the prosecutors prosecuted two men, Ryan Farace…

FOMO for Dogecon: Exactly What You Missed At the Gathering of the ‘Shibes’.

Confess: you want you were there.Dance parties, rap programs, pup parades– you call it, Dogecon had it.And, maybe more significantly, what this untraditional gathering of the crypto community didn’t have was quite striking thinking about the circumstances: a panic over falling crypto prices.Indeed, as Matt Condon put it on Twitter, “extreme positivity” was the name…

Thailand’s SEC Expects to Approve 5 ICOs This Month

in June, when a royal decree on cryptocurrency, completed last month, officially enters law.While it remains unclear why these ICO projects are likely to win approval, Thawatchai Kiatkwankul, director of the SEC’s corporate finance division, stated jobs require to have commercial value and go through vetting before they can be thought about for registration. If…

A16z Leads Financiers in $20 Million Token Presale for Crypto Assets Platform

Asset tokenization platform TrustToken just raised $20 million in a tactical token sale with the assistance of major endeavor corporations, including Andreessen Horowitz (a16z). The startup announced Monday that the cash raised in the funding effort, which was likewise backed by BlockTower Capital and Danhua Capital, will be utilized to continue developing its platform, which…

Bitcoin Price: Crypto Crash Blamed on U.S. Probe, South Korea Exchange Hack

The crypto markets took a struck on Sunday as the cost of bitcoin dropped to its lowest worth in two months– from around $7,280 to under $6,700, inning accordance with Coindesk statistics.EOS, Ethereum, Bitcoin Money, Ripple and Litecoin all suffered minor losses of between 5 and 10 percent this weekend based upon metrics from CryptoCompare,…

Mt Gox to Get In Civil Rehabilitation in Major Win for Creditors

Creditors of the defunct bitcoin exchange Mt. Gox just won a big victory. According to a Friday release from Mt. Gox trustee Nobuaki Kobayashi, the exchange’s ongoing bankruptcy proceedings have been paused and a civil rehabilitation process will commence. The Tokyo District Court issued an order on June 22 approving a petition to begin civil rehabilitation, which…

Fujitsu Rolls Out System That Turns Reward Points into Blockchain Tokens

Japanese IT huge Fujitsu states it has released a blockchain-based information storage system that can be utilized by retail merchants to tokenize standard advertising tools such as discount coupons and reward points.According to a news releasepublished Wednesday, the system– currently being rolled out in Japan– can be incorporated with the marketing activities of merchants in…