Korea’s Shinhan Bank Launches Blockchain-Powered Lending System
May27

Korea’s Shinhan Bank Launches Blockchain-Powered Lending System

Shinhan Financial Group (Shinhan Bank) has announced the launch of a new blockchain-powered loan system, South Korean media outlet Yonhap reported on May 27. The new system uses blockchain technology to verify proof documents submitted by borrowers during “non-face-to-face” lending.

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Swisscom Announces Blockchain-Powered Digital Art Gallery for Swisscom TV
May26

Swisscom Announces Blockchain-Powered Digital Art Gallery for Swisscom TV

Swiss telecom firm Swisscom has announced that dloop’s NOOW app will be available on Swisscom TV, enabling users to access digital artwork from selected artists, according to a press release on the company’s website. The app uses blockchain technology to protect art buyers’ ownership rights, while guaranteeing payments for content creators.

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Report: Facebook’s GlobalCoin Could Launch in 2020
May25

Report: Facebook’s GlobalCoin Could Launch in 2020

Social media giant Facebook has plans to complete its own digital payments network and launch a cryptocurrency in 2020, the BBC reports. That cryptocurrency is reportedly being referred to as ‘GlobalCoin’ within the company and is expected to be ready for testing sometime later this year.

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Bank of Russia to Review Proposal for Gold-Backed Cryptocurrency
May24

Bank of Russia to Review Proposal for Gold-Backed Cryptocurrency

Bank of Russia Governor Elvira Nabiullina said Thursday that the central bank will be reviewing a proposal for a gold-backed digital currency, Tass reports. In her remarks at the Duma, she suggested that such a currency could potentially be used to facilitate mutual settlements between Russia and other countries, but noted that existing fiat currency settlements are her current priority:

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AT&T Becomes First U.S. Mobile Carrier to Accept Crypto Payments
May23

AT&T Becomes First U.S. Mobile Carrier to Accept Crypto Payments

U.S. telecom giant AT&T announced in a press release today that its customers will now be able to use BitPay to make online bill payments in cryptocurrency. With the announcement, the company declared itself the “first major U.S. mobile carrier” to offer its customers the ability to pay bills with digital currency.

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FATF Order Prompts Delay of Russian Crypto Bill
May21

FATF Order Prompts Delay of Russian Crypto Bill

Russia’s cryptocurrency legislation is reportedly “stuck” due to requirements demanded by the Financial Action Task Force Commission (FATF), TASS reported today. FATF has insisted that the country’s legislators revise the proposed Digital Financial Assets (DFA) bill to include crypto-related terms that lawmakers previously removed.

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IRS Tells Congress it Will Prioritize Crypto Tax Guidance
May20

IRS Tells Congress it Will Prioritize Crypto Tax Guidance

The Internal Revenue Services has responded to an April 11 letter from Congressman Tom Emmer and 20 other congressional representatives, which requested that the agency provide clearer tax guidelines for cryptocurrency users. In his response, IRS Commissioner Charles P. Rettig promised that he has made the issuance of those guidelines a priority for his agency.

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After Chaotic Week, Bitcoin Rallies to $8200
May19

After Chaotic Week, Bitcoin Rallies to $8200

Bitcoin’s price rallied by about 10 percent during the last 24 hours, and once again surpassed the $8,000 mark to settle on a press-time price of $8,201. That rally came after a chaotic week that saw prices push to around $8.300 before dropping about $1,000 in less than an hour. That drop was reportedly triggered by a large-volume sale on Bitstamp and subsequent panic selling by crypto traders.

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Coinbase Earn Now Open to Users in 100+ Nations
May18

Coinbase Earn Now Open to Users in 100+ Nations

Coinbase announced Friday that its Coinbase Earn program is now open to users in more than 100 nations around the world. The program, first piloted in late 2018 on an invitation-only basis, allows Coinbase users to earn cryptocurrency by taking part in various educational tasks. According to the blog announcement:

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Presidential Hopeful Says Blockchain Must be “Big Part” of US Future
May17

Presidential Hopeful Says Blockchain Must be “Big Part” of US Future

Democrat Presidential candidate Andrew Yang may not be leading the pack of contenders at this early stage in his party’s race for the nomination, but it isn’t for lack of vision and bold ideas. At the recent Consensus conference in New York, that vision took center stage as he suggested that a President Yang would work to ensure that blockchain becomes an important part of the country’s future.

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Poloniex to End Trading of 9 Crypto Assets for US Customers, Due to Regulatory Uncertainty
May16

Poloniex to End Trading of 9 Crypto Assets for US Customers, Due to Regulatory Uncertainty

Poloniex has announced that U.S. customers will no longer be able to buy or sell nine cryptocurrencies on the exchange, due to uncertainty about whether the tokens in question will be viewed as securities by American regulators. The nine coin markets disabled for U.S. customers include ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP.

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Cryptopia Exchange Announces Its Liquidation
May15

Cryptopia Exchange Announces Its Liquidation

New Zealand-based cryptocurrency exchange Cryptopia announced Wednesday that the company is being liquidated. In a press release on its website, the exchange confirmed the appointment of liquidators from accounting firm Grant Thornton New Zealand to secure assets and resolve the company’s outstanding obligations.

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SEC Delays Bitwise ETF Decision Again
May14

SEC Delays Bitwise ETF Decision Again

The United States Securities and Exchange Commission (SEC) published a decision on Tuesday confirming that it has once again delayed any decision on Bitwise Asset Management’s proposed Bitcoin exchange-traded-fund, or ETF. In its filing, the regulatory agency requested public comment on the issue.

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Treasury Official Calls on Crypto Industry to Comply with AML/CTF Regs
May13

Treasury Official Calls on Crypto Industry to Comply with AML/CTF Regs

In remarks to an audience at CoinDesk Consensus in New York, U.S. Treasury Department Terrorism and Financial Intelligence Under Secretary Sigal Mandelker called on the cryptocurrency industry to do more to comply with anti-money laundering and counter-terrorist financing (AML/CTF) regulations. During that speech, she suggested that industry actors have a duty to serve U.S. national security, Yahoo Finance reports.

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Senate Banking Committee Has Questions about Secret Facebook Crypto Project
May12

Senate Banking Committee Has Questions about Secret Facebook Crypto Project

The Senate Committee on Banking, Housing, and Urban Affairs sent a letter to Facebook founder and CEO Mark Zuckerberg this week, in an attempt to get answers about the social media giant’s secretive cryptocurrency project, code-named “Project Libra.”

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Bitcoin Surges, Approaching $7k Mark
May11

Bitcoin Surges, Approaching $7k Mark

Bitcoin’s price has surged in the last 24 hours, pushing past $6,900 and approaching the $7,000 mark. The world’s most well-known cryptocurrency’s sudden price bounce also appears to have buoyed the broader crypto markets, as other major coins like bitcoin cash, Ethereum, and Litecoin all enjoyed roughly double-digit price increases during that same period.

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U.S Congressman Urges Ban on Cryptocurrency
May10

U.S Congressman Urges Ban on Cryptocurrency

On Thursday, U.S. Congressman Brad Sherman asked his colleagues to join him in supporting legislation that would ban cryptocurrencies in the United States. The non-profit Coin Center confirmed the California Democrat’s statement by posting a video of his comments on Twitter.

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Facebook Easing Ban on Crypto
May09

Facebook Easing Ban on Crypto

Facebook has announced that it will be easing restrictions on cryptocurrency and blockchain-related advertising. The company had banned cryptocurrency and initial coin offering ads in January 2018, citing concerns about potential advertising scams. This latest move comes on the heels of last June’s decision to allow some advertising for advertisers who obtain written pre-approval from the company.

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Binance Says Hackers Stole Bitcoin Worth $40M
May08

Binance Says Hackers Stole Bitcoin Worth $40M

Binance confirmed on Wednesday that hackers had breached its security and stolen 7,000 Bitcoin, worth roughly $ 40 million. CEO Zhao Changpeng described the hack in a bog post on the Binance website, and promised users that the company’s safety fund would cover any potential customer losses:

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Starbucks Partners with Microsoft for ‘Bean-to-Cup’ Blockchain Tracking Program
May07

Starbucks Partners with Microsoft for ‘Bean-to-Cup’ Blockchain Tracking Program

Starbucks has partnered with Microsoft to create a new blockchain service that will enable coffee to be traced from the grower to consumer. The initiative is but one of several joint ventures between the two companies, and was announced at Microsoft’s Build conference on Monday, May 6, GeekWire reports.

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