Money won’t last forever — that is guaranteed It didn’t exist when exchange evolved to become a feature of humanities first economic system, nor will it persist when there is no advantage to using it. That time is approaching far quicker than traditionalists care to admit. The reality is that our evolution to a largely cashless society […]

Indonesia’s commodity futures regulator has established a legal framework for operating cryptoand digital assets futures markets, according to an official press release published on Feb. 18. The Indonesian Commodity Futures Trading Supervisory Agency (Bappebti), which operates under Indonesia’s Ministry of Trade, has officially required multiple entities involved in crypto futures trading to seek regulatory approval […]

Engineers at the lender have created the “JPM Coin,” a digital token that will be used to instantly settle transactions between clients of its wholesale payments business. Only a tiny fraction of payments will initially be transmitted using the cryptocurrency, but the trial represents the first real-world use of a digital coin by a major […]

Venture capital (VC) valuations have been deeply affected by the cryptocurrency bear market, sais Jalak Jobanputra, founding partner of Future Perfect Ventures. Jobanputra commented on the current state of venture capital in the crypto space in an interview with Fortunes’ Balancing the Ledger on Feb. 11. When asked whether there is a trend of discounted […]

Mauritius will soon license digital asset custodians as part of its plan to create a fintech hub “in and for” Africa. In an announcement Friday, the island nation’s Financial Services Commission (FSC) said that, after publishing draft rules in a consultation paper in November 2018, the framework has now been finalized and will come into effect on […]

United States cryptocurrency exchange and wallet Coinbase has added Bitcoin (BTC) to its Coinbase Wallet app, according to an announcement published Tuesday, Feb. 5. In August 2018, Coinbase had announced that Toshi, the open source decentralized app browser and wallet developed by Coinbase, will rebrand to become Coinbase Wallet. As explained by the crypto exchange, […]

Venezuela’s new crypto bill, which establishes а legal framework for the industry, officially came into force on Jan. 31. The decree was published in the government’s official media outlet, Gaceta Oficial. The set of rules for miners, crypto entrepreneurs and regular traders was initially approved by Constituent National Assembly — an alternative to the country’s […]

You have probably heard of it, but you may have never seen it. You may own some, but you’ve likely never used it to purchase anything. And the odds are your nonprofit organization has never received any as a gift, but you just might within the next three to five years. I’m talking about cryptocurrency. […]

Two weeks after it first reported a hack, New Zealand-based cryptocurrency exchange Cryptopia is still compromised by cyber criminals, according to a blog post from blockchain infrastructure firm Elementus on Jan. 29. The exchange suspended services after detecting a major hack that reportedly “resulted in significant losses” on Jan. 15. Cryptopia stated that the hack occurred […]

Laundering funds with cryptocurrencies in South Korea could soon become a thing of the past if four of the country’s exchanges have their way. According to a local media report, Bithumb, Upbit, Corbit and Coinone have cobbled together to share ‘real-time’ wallet information on any suspicious activity linked to phishing attempts and pyramid schemes. It comes […]