Bakkt Exchange May Be Seeking New York License for Crypto Custody: Report

The owner of the New York Stock Exchange, Intercontinental Exchange (ICE), is reportedly eyeing a New York license for its long-delayed crypto exchange Bakkt. With Bakkt’s launch having been held up for eight months, apparently over persuading the Commodity Futures Trading Commission (CFTC) to approve it to custody bitcoin for its planned physically-delivered futures contracts, ICE apparently sees a license from the New York Department of Financial Services (NYDFS) as a possible solution, a Bloomberg report citing several sources said Thursday. A physically settled contract means buyers would receive the actual commodity – bitcoin – at…

Demand for Legal Experts With Blockchain Tech Knowledge is High, Report

Demand for legal experts with blockchain technology knowledge is high, according to Major, Lindsey & Africa managing director Brian Burlant, who recruits for law firms and in-house legal departments. The news was published by legal news and information site Law.com on April 17. According to Burlant, law firms are having difficulty keeping up with cryptocurrency and blockchain industry demands for lawyers because of a lack of candidates who really understand the technology. Burlant said that a lot of lawyers enter the space from regulatory practices or government, where they were…

ConsenSys Is Seeking $200 Million in New Funding: Report

ConsenSys is seeking a funding boost. Ethereum co-founder Joe Lubin’s Brooklyn-based venture studio is looking to raise $200 million from external investors, The Information reported Monday, at a valuation of $1 billion. The Information reports that ConsenSys is pitching Chinese investors with materials claiming the company aims to earn $50 million in revenue this year, primarily from contracts with enterprise and government clients. Last December, the Brazilian National Social Development Bank confirmed to CoinDesk it was in talks with ConsenSys. ConsenSys was previously supported by Lubin’s personal fortune and employed…

EU Blockchain Observatory Releases Report on Tokenization, AI and IoT

The European Union Blockchain Observatory and Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI” on April 10. The report, authored by Dr. Tim Weingärtner, a professor at Lucerne University of Applied Sciences & Arts – School for Information Technology, features the “digital twin” concept, which refers to a digital replica of the physical world. This mirror world would be consist of Internet of Things (IoT) devices, big data, tokens representing physical objects, blockchain as a trusted ledger and Artificial Intelligence (AI). The…

Telegram’s TON Blockchain Is Live in Private Testing Mode, Shows High Speed: Report

Global messaging app Telegram has reportedly launched a private beta testing of its blockchain, Telegram Open Network (TON), Russian media outlet Vedomosti reports on April 11. According to Vedomosti, Telegram has opened access to a testing version of TON Blockchain to a limited number of global developers, including Russian dev teams. Citing two anonymous persons who acquired the early access, the news agency reported that the dev teams were enabled to set up TON Blockchain nodes. While testing has not provided any specific outcomes, the unnamed testers revealed that the…

World Economic Forum Releases Report About Blockchain Cybersecurity

The World Economic Forum (WEF) released a report about blockchain cybersecurity on April 5. The report points out that most data breaches do not result from the level of skill of the hackers, but instead happen because appropriate security measures often are not implemented. The WEF further claims that while attackers do compromise blockchains themselves, they much more often try to exploit or compromise their deployment. The WEF references the data breach of retail giant Target, which lead to both the CEO and chief information officer being fired, also mentioning…

G20 to Establish Crypto AML and Counter-Terrorism Financing Regulations in June: Report

G20 member countries will meet to discuss international cryptocurrency Anti-Money Laundering (AML) regulation on June 8 and 9 in Fukuoka, Japan. The news was revealed in a report from local news outlet Kyodo on April 4. Per the report, and in accordance with official plans, G20 central bank governors and finance ministers will take part in the meeting. The event will be focused on establishing a framework to combat crypto-enabled money laundering and terrorism financing. Further, according to the Kyodo, it is expected that “it was revealed” on April 4…

Bitcoin Holds Recent Gains Near $5,000 as Stocks Report Minor Uptrend

Friday, April 5 — most of the top 20 cryptocurrencies are reporting slight to notable gains on the day by press time, as Bitcoin (BTC) hovers near the $5,000 mark. Market visualization courtesy of Coin360 Bitcoin’s price has seen almost no change on the day, trading at around $5,000 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is a solid 22% higher than $4,096, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Data from the Google Trends platform…

Report: Crypto Miner Hut 8 Lays Off More Staff

Canadian Bitcoin (BTC) mining  firm Hut 8 has reportedly laid off employees at its facilities in the province of Alberta, the Canadian Broadcasting Corporation (CBC) reports April 4. Hut 8’s crypto mining facilities in Drumheller and Medicine Hat are part of a joint venture with European crypto mining hardware firm Bitfury.   A former employee at the Drumheller facility told the CBC that he was laid off along with two dozen colleagues in January. He reportedly stated that the company reduced its staff by around 25% globally at the time,…

Over 40 Central Banks Are Considering Blockchain Currencies: Davos Report

More than 40 central banks worldwide are experimenting with blockchain technology, says a new report by the World Economic Forum. Published Wednesday, the report analyzes how different central banks are either examining what blockchain can be used for or are outright experimenting with central bank digital currencies (CBDCs). “It’s very much the case that several central banks are looking at this,” said Ashley Lannquist, a project lead in blockchain and distributed ledger technology at the World Economic Forum and the primary author of the report. She counted at least 44…