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…

Northern Trust Wins Patent for Keeping Fulfilling Minutes on a Blockchain

Financial services firm Northern Trust won a patent Wednesday for a method for backing up records of meetings using blockchain tech. The method utilizes a series of smart contracts to capture data related to the meeting, including records of who is attending (sourced from devices they might carry), when the meeting took place and where….

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…

Thailand Trials Reserve Bank Digital Currency for Interbank Settlement

Bank of Thailand (BoT), the country’s central banking authority, is eyeing the adoption of blockchain technology in its interbank clearance and settlement system. In a speech made at an event in Singapore on Wednesday, central bank governor Veerathai Santiprabhob indicated that developing a wholesale central bank digital currency is currently in the pipeline as part of the…

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…

Failed Breakout Revives Bitcoin’s Bull-Bear Tug-of-War

Bitcoin’s retreat from Sunday’s high of $7,779 has actually put cold water over the bull mood generated by the weekend’s positive rate action and reduced the effects of the instant outlook.BTC closed on Sunday (as per UTC) above an essential falling trendline resistance level, indicating a short-term bullish-to-bearish trend modification. A bullish crossover between the…