US Treasury Secretary: Regulatory Fears Forced Libra Exodus

U.S. Treasury Secretary Steven Mnuchin said backers of Facebook’s cryptocurrency Libra dropped out of the project over concerns that the stablecoin project would not meet regulatory standards. Speaking on CNBC, Mnuchin said that if Libra wouldn’t meet US money-laundering standards via the Financial Crimes Enforcement Network, it could open them up to enforcement actions. “I […]

Continue Reading

Mall of America to Showcase Winklevoss-Backed Crypto Payments

Cryptocurrency is coming to the Mall of America. Flexa, a startup making it easier to use crypto for purchases in the real world, will be an advisory participant in a new demonstration store at America’s largest mall, which is located outside Minneapolis, Minn. The store, meant to showcase new brands and technologies for enhancing the retail experience, […]

Continue Reading

Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec

Banking giant Wells Fargo says its blockchain for internal cross-border money transfers is faster and more efficient than SWIFT, the global messaging system used by over 11,000 financial institutions. Unveiled this week, Wells Fargo Digital Cash uses R3’s Corda Enterprise software to handle internal book transfers, when funds move from a payer’s account to a […]

Continue Reading

Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring 

Coinme, which provides kiosks and ATMs for digital currencies, raised $1.5 million in a Series A-1 financing round that included Ripple’s subsidiary Xpring and Blockchain Finance Fund, the company said. Proceeds from the funding will be used for additional licensing to expand its U.S. and international coverage. Co-founder and CEO Neil Bergquist told CoinDesk that […]

Continue Reading

Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one in Japan that will open this week. Tomoyuki Nii, executive officer for overseas investment at […]

Continue Reading

Blockchain Ticketing Platform From Top Russian Airline Took $1 Million in July

Russia’s second largest airline is touting the benefits of blockchain technology after a ticketing platform it developed raked in over $1 million in a month. According to an announcement from S7 Airlines on Wednesday, the positive figure for July is poof that blockchain tech can help boost businesses’ sales. “Thanks to this new technology, now it’s easier […]

Continue Reading

Crypto-Focused Finance App Aximetria Wins License From Swiss Regulator

Aximetria, a firm offering a personal finance app for both fiat and cryptocurrencies, has been awarded a license from the Swiss Financial Services Standards Association (VQF). The firm told CoinDesk exclusively on Monday that the license – which is recognized by Switzerland’s Financial Market Supervisory Authority (FINMA) – enables it to definitively state that its product […]

Continue Reading

Bitcoin, Facebook and the End of 20th Century Money

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. There is never a dull moment in the world of blockchains and cryptocurrencies. The two earth-shattering […]

Continue Reading

Tyler Spalding – Painless Payments and the Limits of Blockchain

We’re talking to experts in the crypto and blockchain space about the future of the industry. You’ll hear from economists, entrepreneurs, developers, and other speakers from Consensus events. Flexa co-founder Tyler Spalding joins host Nolan Bauerle to discuss why vendors should love blockchain payments, even if customers haven’t jumped on board. Register for Consensus at […]

Continue Reading

The Next Big Ethereum Conference Will Run Almost Entirely on Blockchains

The largest ethereum-based hackathon is gearing up for its second annual run in Denver, Colorado – and this time, nearly every aspect of the event will make use of blockchain technology. Everything from applications to attend ETHDenver to the processes for submitting, judging and voting on projects will be supported in some way through one (if not […]

Continue Reading