Payments Firm Square Receives BitLicense From New York

View the full post on its original sourceDigital payments firm has received a BitLicense from regulators in the state of New York. The company announced Monday that the New York Department of Financial Services granted the license. Square first indicated back in March that it had submitted paperwork to receive a BitLicense, a move later confirmed … Read morePayments Firm Square Receives BitLicense From New York

Bancor Launches Community Token Network to Combat Poverty in Kenya

View the full post on its original sourceBancor is launching a network of blockchain-based community currencies in Kenya aimed at combating poverty, according to a press release shared with Cointelegraph June 18. Bancor, self-described as a “decentralized liquidity network,” secured a then-unprecedented $153 million in under three hours in an Initial Coin Offering (ICO) June … Read moreBancor Launches Community Token Network to Combat Poverty in Kenya

Origin Token to Raise $6 Million in CoinList Investor ICO

View the full post on its original sourceDecentralized marketplace startup Origin Protocol is looking to expand its audience, as well as raise more capital, through a compliant token sale. Announced Monday in a press release, Origin has set a target of $6.6 million for the offering, with SEC-registered CoinList Capital acting as its investment adviser … Read moreOrigin Token to Raise $6 Million in CoinList Investor ICO

Crypto Not Scalable Enough to Be Money, Says Bank of International Settlements

View the full post on its original sourceThe Bank of International Settlements (BIS) has said that cryptocurrencies cannot scale to function as money, in a 24-page article published yesterday, June 17, as part of its annual economic report. According to the BIS – an organization based in Switzerland made up of 60 of the world’s … Read moreCrypto Not Scalable Enough to Be Money, Says Bank of International Settlements

Trial of ‘Lightning Fast’ Protocol That Can Handle 60,000 Transactions Per Second Has Begun

View the full post on its original sourceA blockchain-based digital asset exchange network has launched a “lightning fast” protocol which is capable of processing more than 60,000 transactions per second.   #MetaHash says its protocol, known as #TraceChain, takes no longer than three seconds to approve each transaction. A trial of its geographically-distributed network has … Read moreTrial of ‘Lightning Fast’ Protocol That Can Handle 60,000 Transactions Per Second Has Begun

Bitcoin Recovery Stalls Raising Risk of Price Drop

View the full post on its original sourceBitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. The cryptocurrency found acceptance above the key resistance of $6,425 (April 1 low) in the second half of last week, raising the prospects … Read moreBitcoin Recovery Stalls Raising Risk of Price Drop

Factom Blockchain Project Wins Grant to Protect US Border Patrol Data

View the full post on its original sourceThe U.S. Department of Homeland Security (DHS) has awarded a grant of $192,380 to blockchain project Factom to support beta testing of a platform aimed to secure data from Border Patrol cameras and sensors, the agency announced Friday. “The early phases of Factom’s work has informed architecture choices … Read moreFactom Blockchain Project Wins Grant to Protect US Border Patrol Data

Halt the Internet? BIS Report Critiques Blockchain and DLT Claims

View the full post on its original sourceA financial institution operated by the world’s central banks is taking aim at cryptocurrencies, questioning their ability to deliver on their promise in a new report published Sunday morning. The document, titled “Cryptocurrencies: looking beyond the hype” and released by the Bank of International Settlements (BIS), explains the … Read moreHalt the Internet? BIS Report Critiques Blockchain and DLT Claims