Bloomberg has launched a cryptocurrency index in conjunction with Galaxy Digital Capital Management, a digital assets merchant bank headed by billionaire ex-hedge fund manager Michael Novogratz. The capitalization-weighted Bloomberg Galaxy Crypto Index (BGCI) will track the "performance of the largest, most liquid portion of the cryptocurrency market," specifically following...
China's most popular messaging application, WeChat, has frozen a third-party blockchain application designed to introduce the nascent technology to a wide user base. The mini-program, called Xiao Xieyi (or Mini Protocol in a literal translation), was launched on Wednesday and touted as a service that would allow users on...
Bitcoin and cryptocurrencies are poised to "fuel a potential new internet," even with a high level of volatility, said Alexis Ohanian, founder of the social media giant Reddit. Appearing as a guest at the Late Show with Stephen Colbert on Tuesday, Ohanian touted the idea of a digital currency acting...
When it comes to regulating blockchain tech, bigger isn't always better - at least that's the thesis driving Bermuda's nascent regulatory efforts. "Small ships can turn quickly. That's the beauty of Bermuda," Premier David Burt told CoinDesk. Bermuda is one of several small territories and microstates striving to leverage their nimble governments...
South Korean cryptocurrency exchange Coinone is turning to Ripple's enterprise blockchain network for cross-border payments. Coinone Transfer, a subsidiary of the exchange that focuses on remittances, joined RippleNet on Monday, making it the first exchange in the nation to do so. The firm will be using xCurrent, one of Ripple's three blockchain solutions,...
Winklevoss IP, the company owned by Gemini founders Cameron and Tyler Winklevoss, has been awarded with a patent claim that aims to settle exchange traded products (ETPs) holding cryptocurrencies. The company outlined a system that can execute transactions for ETPs holding cryptocurrencies "such as bitcoins ... ripple, dogecoins ... ether"...
The Texas State Securities Board (TSSB) has issued cease-and-desist orders to two bitcoin investment schemes that it alleges are selling unregistered securities and making fraudulent claims to the state's residents According to one order lodged on Tuesday, the securities regulator takes aim at a company called Forex EA & Bitcoin...
Gary Cohn, the former Goldman Sachs executive who led Donald Trump's National Economic Council until last month, weighed in on bitcoin and blockchain technology on Tuesday. "I'm not a big believer in bitcoin," Cohn told CNBC's Bob Pisani in an interview. "I am a believer in blockchain technology." He then...
The Australian government has allocated AU $700,000 (about $521,000) to its Digital Transformation Agency to explore blockchain applications within government services. Officials earmarked the funds, which will be gleaned from existing Agency resources and allotted over the course of the next four years, as part of its 2018 -...
"I think the applications are almost limitless." So said Douglas Maughan - who serves as the Science and Technology Directorate's cybersecurity division director, a group within the Department of Homeland Security - before two Congressional subcommittees on Tuesday. Maughan's remarks came during a wider discussion on the application of...