China’s crypto mining giant, Bitmain, is one step closer to establishing mining facilities in Washington state. The Port of Walla Walla – Walla Walla county’s economic development agency – unanimously approved a land lease and purchase option that would allow…
Tag: Business News
ICE CEO Won’t ‘Rule Out’ Crypto Futures Launch
The Intercontinental Exchange (ICE) won’t “rule out” cryptocurrency-based futures contracts. ICE chief executive Jeffrey Sprecher discussed the issue in an interview with Bloomberg TV Monday, saying it is “early days” for the asset class, but that he could not ignore…
R3 Researcher: Central Bank Blockchain Could Go Live In 2018
A form of central bank digital currency (CBDC) may go live in 2018. At least that’s according to Antony Lewis, research director at global banking consortium and distributed ledger software startup R3, who issued the prediction during a panel discussion…
TD Bank Considers Public Blockchain for Asset Tracking
One of Canada’s largest banks may be considering the use of a public blockchain to digitally track assets. In a patent application published Thursday, TD Bank outlined how it could use a public distributed ledger to help point-of-sale computers track…
IBM Evolution: Big Blue Is Finally Getting Serious About Cryptocurrency
It wasn’t long ago that your average enterprise wouldn’t even mention bitcoin, ethereum, or any number of cryptocurrencies in public. Instead of using the cryptographically secure tokens to streamline workflows – or even talking about doing so – some of…
What It’s Really Like to Talk to the SEC About Your ICO
It didn’t take long for Scott Nelson to realize he was only non-lawyer in the conference room. There amidst attorneys from various government agencies, including the SEC, the CEO of blockchain startup Sweetbridge and long-time logistics tech specialist was prepared…
Blythe Masters’ Next Move? Get FIs Hooked On Blockchain SDKs
Blockchain startup Digital Asset has revealed a new project aimed at streamlining the way systemically important financial infrastructures access its technology. Led by former JP Morgan global commodities boss Blythe Masters, the startup is in the process of packaging its…
UK Government Minister Calls for ‘Proportionate’ Crypto Rules
The U.K.’s City Minister, John Glen, told reporters at the Treasury’s International Fintech conference on Thursday that “proportionate” regulations could give the local cryptocurrency industry a significant boost. In his comments, Glen said the government is still “engaged in trying…
Quebec Pushes Hydropower Utility to Halt New Bitcoin Mines
The Canadian province of Quebec has temporarily put a halt to the development of new cryptocurrency mining operations. The region – known for its cheap hydropower – has been an attractive destination for cryptocurrency miners looking to expand their businesses. Yet on…
Tough Tokens: Theranos Fraud Holds Harsh Lessons for Crypto
Marc Hochstein is the managing editor of CoinDesk. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what…