Wells Fargo Is Tokenizing Cash But Bank Avoids “Cryptocurrency” Name

The world’s fourth largest bank is tokenizing cash using its own blockchain-inspired platform — just don’t call it a stablecoin or cryptocurrency project. On September 17th, Wells Fargo announced it was piloting an internal settlement service using distributed ledger tech (DLT), of which blockchain..

VanEck & SolidX Pull Bitcoin ETF as SEC Remains Skeptical

The Bitcoin exchange-traded fund (ETF) rollercoaster took another dive on Tuesday, perpetuating the ride that these investment vehicles have been on for over five years. In a filing dated September 17th, VanEck and SolidX, the partners behind a leading Bitcoin ETF application, revealed that they ha..

Ethereum Flirts Again With Passing Bitcoin in Daily Transaction Fees

Bitcoin has been the reigning money of choice within the cryptoeconomy since the ecosystem’s start, but Ethereum is continuing to climb toward king of the hill — at least if daily transaction fees are any indication.“As of September 15th, ETH had $182,899 daily transaction fees compared to $185,9..

Edward Snowden Touts Bitcoin as U.S. Government Tries Sues Him

Edward Snowden changed the world when he revealed some of the deepest secrets of the National Security Agency (NSA). In 2013, he decided to abandon his stint as a Central Intelligence Agency employee and subcontractor with (presumably) terabytes of files that would change how society views governme..

Web Hosting Companies Who Accept Bitcoin & Cryptocurrency

It is easy to forget that Bitcoin is a very useful currency in its own right. One area where Bitcoin is a perfect payment solution is web hosting. There are no shortage of top-tier web hosting companies who accept Bitcoin. Most offer a range of services, and some even offer a high level of anonymity..

PayPal Casts Doubt On Libra: Claims Facebook Crypto Still Needs Work

Many in the crypto community were shocked in June when Facebook unveiled the firms backing Libra — Visa, Mastercard, PayPal, Uber, Spotify, Coinbase, Xapo, and countless other pro-innovation companies and investors. While the marketing material — which showed the Libra emblem enclosed by the logos ..

Another $100 Million: Ethereum Used to Tokenize Real Estate Funds

Seattle-based real estate investment firm iCap Equity has turned to Harbor, an alternative assets platform, to tokenize four real estate funds collectively worth over $100 million USD on Ethereum. Announced on September 16th, the meld will allow iCap to open up a private secondary marketplace for t..

Facebook Libra Co-Creator: Libra Not New Money But a New Way

Social media giant Facebook has found itself knee-deep in regulatory muck since it announced plans for its Libra stablecoin cryptocurrency this summer. That thread heated up further last week, when the governments of Germany and France revealed the two nations had agreed to block the Libra within t..

POTUS Candidate Yang: Doubles Down on Blockchain Love

Over the past few months, Bitcoin and cryptocurrencies have finally entered into the mainstream political consciousness. Within a few weeks’ time, some of the world’s most powerful individuals — everyone from President Donald Trump and Federal Reserve chairman Jerome Powell to former IMF president ..

French Finance Minister: No Tax on Gains from Crypto-to-Crypto Trades

France’s Finance Minister says the government will not impose taxes on the gains from crypto-to-crypto trading unless converted to fiat currencies. This move appears to be part of the plan by French authorities to track virtual currency transactions. Meanwhile, the Finance Minister says the country..

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