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CFTC Official to Congress: Don't Be 'Hasty' With Crypto Rules

LabCFTC director Daniel Gorfine advocated for thoughtful regulation of the cryptocurrency space in Congressional testimony Wednesday.

Daniel Gorfine

Markets

Baidu's Blockchain Photo App Launches With Its Own Token

Chinese internet search giant Baidu has created a proprietary token to power its new blockchain-based photo validating and sharing service. 

photos

Markets

Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela's Unbanked

Paxful says business is surging in developing nations, where mobile phones are abundant and cheap, but access to exchange platforms remains scarce.

Venezuelan bolivars

Markets

What to Expect When Congress Talks Crypto (Twice) Tomorrow

Two Congressional committee hearings will examine whether crypto is the future of money, as well as what sort of regulation the space may need.

us congress

Markets

Litecoin's Lee: Bank Deal Might Lead to New Crypto Services

Charlie Lee took to reddit Tuesday to clarify his and the Litecoin Foundation's roles in the new acquisition of nearly 10 percent of a German bank. 

Litecoin and USD

Markets

Mastercard Wins Patent for Speeding Up Crypto Payments

Mastercard is looking to improve crypto by designing a payments system that will link accounts holding both fiat currency and cryptocurrencies.

mastercard

Markets

Russian Firm Will Reward Staff With Crypto Tokens Tied to Profits

The blockchain subsidiary of the Russian e-payments firm Qiwi plans to incentivize staff by giving them tokens tied to the firm's net profits.

Sergey Solonin, Chief Executive Officer of Qiwi, at St. Petersburg International Economic Forum SPIEF-2016

Markets

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

The latest attempt to create a crypto pegged to the U.S. dollar, or stablecoin, combines 21st-century technology with an invention from the 1930s.

Bridget van Kralingen, IBM

Markets

Banks Take Sides as Blockchain Trade Finance Race Heats Up

NatWest, part of Royal Bank of Scotland, has joined Marco Polo, a blockchain consortium started by R3 and trade finance specialist TradeIX.

cargo-cargo-containers-containers-906982

Markets

World's First Bank-Backed Crypto Exchange Finally Opens to the Public

VCTRADE, the new crypto exchange built by financial giant SBI Holdings, is finally open to all Japanese residents after months of delays.

Open sign