Skepticism as News of Secretive India Crypto Bill Breaks

Those who mine, trade or own cryptocurrency in India are currently on the edge of their seats, as rumors keep swirling around a draft regulation called the Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019. As its ominous title indicates, the bill allegedly calls for harsh penalties...

Circle to Close Its Payment App, Focus on New Financial Products

Peer-to-peer payments technology firm Circle is closing its payment app Circle Pay in order to develop new crypto financial services, according to an announcement published on June 13. Per the blog post, Circle will start terminating the operation of Circle Pay, a fiat money sending service with a social...

Report: Number of Blockchain Patent Filings Outstrips Other Technologies

The number of global blockchain patent filings significantly outstrips the patent filings for other technologies, according to research by the Swiss Federal Institute of Intellectual Property (IPI) and London-based law firm Withers & Rogers. British media outlet Compelo reported the results on June 5. According to the report, the...

Huawei Considering Launch of Blockchain Services in Latin America

Chinese telecommunications hardware giant Huawei is studying the entire Latin American market and considering expanding its operations, Cointelegraph Brazil reports on June 13. Per the report, a Huawei executive said at the CIAB Febraban conference on June 11 that it is possible its blockchain-enabled products and services will soon...

Italy’s Economic Problems a Boon for Bitcoin (BTC)

Reports by Italian newspapers say that the Italian government has proposed a tax on cash and other valuables hidden in bank vaults. Matteo Salvini, the Italian Deputy Prime Minister (DPM), was quoted while on a late-night TV show saying that his country’s banks held billions of Euros worth of...

National Fisheries Institute and IBM’s Food Trust Work on Seafood Blockchain Traceability

United States seafood trade association National Fisheries Institute (NFI) is working with IBM’s blockchain supply chain solution Food Trust to trace seafood, food-related news outlet FoodOnline reports on June 11. Per the report, this is the first effort to track multiple seafood species jointly pursued by multiple companies. Furthermore,...

Circle and Coinbase Invite More Members to Consortium Behind US Dollar Coin

Goldman Sachs-backed crypto startup Circle and crypto exchange and wallet service Coinbase are expanding their consortium behind USD coin (USDC), according to a blog post on June 13. The Centre consortium acts as a platform for deposits and fiat conversions for Circle’s own cryptocurrency, a United States dollar-backed digital...

Crypto Wallet Provider BRD Partners With Wyre to Roll Out US Bank Transfer Support

Global mobile crypto wallet provider BRD has announced a partnership with blockchain payments and infrastructure firm Wyre that will enable its United States-based customers to purchase cryptocurrencies using bank transfers. The news was revealed in a press release shared with Cointelegraph on June 13. According to the press release,...

Project Libra: What We Know About Facebook’s Forthcoming Cryptocurrency

Over the past few months, it appeared that Telegram has been comfortably leading the clandestine race between major social platforms that have been quietly working on their native crypto tokens, with its Telegram Open Network (TON) making strides toward its October 2019 launch deadline. The latest avalanche of news...

Trend Micro: Outlaw Hacking Group’s Botnet Is Now Spreading a Monero Miner

Cybersecurity company Trend Micro claims to have detected a web address spreading a botnet featuring a monero (XMR) mining component alongside a backdoor. The malware was described on Trend Micro’s official blog on June 13. Per the report, the firm attributes the malware to Outlaw Hacking Group, as the...