Only a week after ruling that bitcoin and other digital currencies are commodities, the U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday that they have settled charges filed against TeraExchange LLC (Tera) for arranging a “non-deliverable forward contract” last October. Neither of the parties entering the trade were looking to profit off of future […]
LedgerX, an institutional bitcoin trading and clearing platform, announced this week that Mark Wetjen, the ex-commissioner of the U.S. Commodity Futures Trading Comission (CFTC), will join its board. Nominated by President Barack Obama in 2011 and unanimously confirmed by the Senate as one of the five CFTC commissioners, Wetjen both helped to implement the first […]
A number of companies have been looking into bitcoin micropayments as a means for funneling donations or tips online. After all, the cryptocurrency promises lower transactions costs compared to traditional payment methods such as credit cards or PayPal. Online tipping can be made to express appreciation for an artist’s work on the internet, such as […]
The World Economic Forum (WEF) has identified blockchain technology as one of its six mega-trends in a new report.
A US district judge has denied a motion by the one of the founders of Liberty Reserve to dismiss a federal indictment filed two years ago.
BitPay, the Bitcoin payment processor, has endured a troublesome week. First, it was made public a hacker gained access to the CFO’s email account and coaxed the company into sending nearly $2 million. The company recently made major changes to its free plan, as well as apparently laid off numerous employees. The company filed a […]
American academia has offered courses across the country on cryptocurrencies for a couple of years now. New York University, Duke University, Princeton and others have all offered courses on Bitcoin. The Stanford University School of Engineering in Stanford, Calif. offers a new course, Bitcoin & Cryptocurrencies, for the Autumn semester. 100 students have enrolled and […]
The use of bitcoin has been on the rise in Africa, prompting some governments and monetary authorities to consider cryptocurrency regulation. In particular, the Central Bank of Nigeria (CBN) is looking to propose a set of rules to protect consumers and investors of digital currencies. Just as in some parts of Asia and South America, […]
BitFury will invest $100m in building a 100MW bitcoin mining data centre in Georgia, according to a new report.
The managing director of Santander Group’s venture capital firm believes that Israel will become a reference market for blockchain applications. Mariano Belinky, who has recently invested into an Israel-based payment application, expressed his faith in the technologically advanced nation, explaining how it is equipped with all financial and talent resources to build innovative blockchain-based applications […]