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business news
UK Begins Research on Law Reform for Use of Blockchain Smart Contracts
The U.K. Law Commission has launched research investigating reforms that would bring legal clarity to the use of blockchain-based smart contracts.

A Japanese Telecom Giant Wants to Use Blockchain to Store Contracts
Nippon Telegraph and Telephone is looking to invent a new contract agreements system based on blockchain technology.

Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative
A blockchain startup has raised $8 million in a seed funding round with a mission to develop a protocol to serve the unbanked.

Barclays Seeks Twin Blockchain Patents for Banking Services
Barclays Bank proposed using blockchain to make various banking processes more efficient in a pair of patent applications.

US Consumer Finance Watchdog Opens Regulatory Sandbox to Blockchain
The CFPB is launching a regulatory sandbox to encourage innovation in new tech such as blockchain, acting head Mick Mulvaney announced Wednesday.

All 'Big Four' Auditors to Trial Blockchain Platform for Financial Reporting
The world's four biggest auditing firms will join 20 banks to trial a blockchain service for validating public companies' financial reports.

Government-Backed Blockchain Trade Platform Launches in Singapore
A digital services firm owned by a Singapore government agency and a major port operator has launched a blockchain platform for cross-border trade.

Billionaire Marc Lasry Sees Bitcoin's Price Reaching $40,000
Billionaire investor and fund manager Marc Lasry said the price of bitcoin has the potential to reach $40,000.

Pop Icon Peter Gabriel Has Invested in a Blockchain Startup
Legendary musician and former Genesis lead singer Peter Gabriel has invested in blockchain startup Provenance.

Fed Chair: Cryptocurrencies Are 'Great' For Money Laundering
Federal Reserve Chairman Jerome Powell criticized cryptocurrencies during a hearing on Capitol Hill.
