Category: CoinDesk

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Vanguard’s Blockchain Platform for Foreign Exchange Will Go Live in Q3 2020 – CoinDesk

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Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions. The Valley Forge, Pa.-based investment firm ran the pilot on Symbiont’s Assembly blockchain with participation from State Street, BNY Read More

Technology Doesn’t Fix America’s Diversity Problem. People Do – CoinDesk

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A few years ago, when MIT Media Lab researcher Joy Buolamwini was leading an interactive digital art project, she found the facial recognition technology it employed was far better at recognizing her lighter-skinned MIT colleagues.   The discovery sent Buolamwini on Read More

A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock – CoinDesk

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A popular narrative argues that the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin.  However, that bullish theory, which suggests that the cryptocurrency would Read More

New York Regulator Adds 3-Strike Rule for BitLicense Applicants – CoinDesk

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New York’s financial watchdog has warned crypto companies that their BitLicense applications could be thrown out without warning if its feedback is not heeded. In an update Wednesday, New York’s Department of Financial Services (DFS) said a new three-strikes rule Read More

Binance-Backed Blockchain Auditing Firm Partners With Hyundai Subsidiary to Track Internet of Things Devices – CoinDesk

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Auditing firm CertiK and Hyundai subsidiary Hdac are teaming up to bring Internet of Things (IoT) devices onto a blockchain. Hdac’s blockchain platform attempts to combine secure authentication, seamless mapping and machine-to-machine transactions in a blockchain network with IoT devices. Read More

Sovrin Foundation Sheds All Paid Staff in Tale of a Token Issuance Gone Wrong – CoinDesk

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The COVID-19 crisis may have been the last straw for a non-profit digital identity organization, breaking its efforts to raise funds to pay staff and carry out a regulated token issuance. The Sovrin Foundation, a U.S.-based umbrella organization that oversees Read More

Base Layer Wars Heat Up With Another $12M Committed to AVA Labs’ Avalanche Blockchain – CoinDesk

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Avalanche blockchain developer AVA Labs has closed a $12 million private sale of its AVAX token. The funding round was co-led by Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures and Dragonfly Capital, and included other undisclosed individual investors. The sale Read More

Ultra-Rich Monaco Wants to Fund Social Impact Projects With Security Tokens – CoinDesk

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The Principality of Monaco, a popular haven for the mega-rich, has begun approving security token fundraising efforts, the first step to becoming a regulated on-chain finance hub. Announced Thursday, Monaco’s Office of Digital Affairs has signed a memorandum of understanding Read More

Bitcoin Options Market Faces Record $1 Billion Expiry on Friday – CoinDesk

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Bitcoin’s (BTC) derivatives continue to grow despite light spot trading  over the past two months. The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday.  At press time, there are 114,700 option contracts (notional Read More

FATF Meets Wednesday to Discuss ‘Travel Rule’ for Digital Assets – CoinDesk

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The Financial Action Task Force holds its summer plenary meeting Wednesday, covering a gamut of topics around anti-money laundering (AML) and counter-terrorist financing (CTF). With cryptocurrency now firmly in the global watchdog’s sights, here’s what to expect from the hearing, Read More

US Homeland Security’s Tech Scouts Reissue Call for Blockchain Startups – CoinDesk

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The U.S. Department of Homeland Security’s (DHS) startup booster, the Silicon Valley Innovation Program (SVIP), renewed its hunt for interoperable, blockchain-based anti-counterfeiting projects at a virtual Industry Day on Tuesday. SVIP officials offered startups a fresh batch of use cases Read More

Blockchain Bites: PayPal’s Push, FATF’s Rules and ‘Overstated’ Libra Fears – CoinDesk

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Yesterday, it came to light that crypto functionality may come to PayPal and Venmo. If true, as substantiated by three anonymous sources and indicated by an open position for a senior blockchain research engineer, 325 million users would be able to buy Read More