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business news
Sony Co-Leads €13 Million Raise for Crypto Banking Startup Bitwala
Bitwala raised almost $14.5 million in a Series A funding round led by Sony Financial Ventures and NKB Group.

UK Finance Watchdog Issues Guidance on Regulation for Bitcoin and Crypto Assets
The U.K.'s Financial Conduct Authority has finalized its guidance on crypto assets following a consultation which began in January.

Blockchain Insurance Group B3i Launches First Product on R3's Corda
B3i, a consortium startup working to use blockchain tech in the insurance industry, has launched its first product on R3's Corda platform.

Bitcoin Miner Maker Canaan Confidentially Files for IPO in US: Report
Canaan Creative, the major bitcoin miner manufacturer, has confidentially filed for an IPO in the U.S., say IFRAsia sources.

Philippines' UnionBank Launches Stablecoin, Conducts Country's First Bank Blockchain Transaction
The group ran its first transaction between three rural banks in an effort to improve its remittance offerings.

Firearm Firm Wins Patent for Integrating Blockchain into 'Black Box' for Guns
A new solution adds a blockchain-based recording system to firearms.

Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King
Tether has a real-world use case: Chinese importers of cheap goods in Russia use it to send millions home daily.

Crypto Trader XBTOI Wins Bermuda License
Crypto finance solutions may be finding lower regulatory hurdles abroad as one of the most venerable exchanges takes to the islands.

Circle CEO Allaire to Congress: Treat Crypto as a New Asset Class
Circle CEO Jeremy Allaire calls for Congress to treat digital assets as their own asset class in testimony for Tuesday's Senate Banking hearing.

Crypto-Focused Finance App Aximetria Wins License From Swiss Regulator
Aximetria, a firm offering a personal finance app for fiat and cryptocurrencies, has been awarded a financial intermediary license in Switzerland.
