CBDC Paper Released, NY DFS Grants License, Study Cites Crypto Adoption - The Digital Dollar Project, a partnership created by the Digital Dollar Foundation, released a white paper this week highlighting use cases for a U.S....more
Crypto Adoption Continues in Credit Cards, OCC Approval, Restaurant Paymentsc - According to recent reports, a major U.S. financial services firm and Gemini, one of the largest U.S. cryptocurrency exchanges, will soon launch...more
Cryptocurrency Exchanges Forge New Paths, Bitcoin ETF Applications Continue - This week one of the largest U.S. cryptocurrency exchanges, Coinbase, completed its initial public offering through a direct listing of its shares...more
4/19/2021
/ Bitcoin ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
ETFs ,
European Central Bank ,
Fraud ,
Hackers ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Safe Harbors ,
Securities and Exchange Commission (SEC)
US Institutional Financial Firms, and Fintech Startups, Launch Crypto Products - A major U.S. financial services corporation announced this week that it would begin to settle transactions over the Ethereum Network in USD Coin...more
4/5/2021
/ Bitcoin ,
Broker-Dealer ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Enforcement Actions ,
Financial Services Industry ,
FinCEN ,
Fraud ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Crypto Firms Expand CBDC and Custody Initiatives, GSA Auctions Bitcoin - Ripple Labs recently released a white paper describing its XRP cryptocurrency as a way to link different central bank digital currencies (CBDCs). The...more
3/29/2021
/ Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
ETFs ,
Financial Markets ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Payment Firms Adopt Cryptocurrencies, Company Purchases $1.5 Billion in Bitcoin - According to a press release, last week the Office of the Comptroller of the Currency provided conditional approval to Protego Trust Bank for a...more
Exchanges and Banks Expand Cryptocurrency Services and Products - A major U.S. cryptocurrency exchange recently announced the launch of its asset hub. The initiative is intended to “streamline the asset listing process … and...more
Crypto Trust to Convert to Bank, FinCEN Extends New Rule Comment - The Anchorage Trust Company, a subsidiary of Anchor Labs, an advanced digital asset platform (Anchorage), secured conditional approval this week from the...more
NY DFS Approves New Stablecoin Company, Crypto Financial Products Continue Growth - New York’s Department of Financial Services (DFS) recently granted a charter under New York Banking Law to a Japanese cryptocurrency firm...more
1/11/2021
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Financial Products ,
FinCEN ,
Fraud ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Stablecoins ,
Virtual Currency
Canadian Ether Fund Launches, Swiss Bank Tokenizes Shares, New German Law Passed - Earlier this month, 3iQ Corp., a Toronto-based investment management firm, announced the listing of its fund, The Ether Fund (the Fund), on...more
12/22/2020
/ Asset Management ,
Blockchain ,
Canada ,
Cryptocurrency ,
Digital Currency ,
Estonia ,
Financial Conduct Authority (FCA) ,
Popular ,
Royalties ,
UK ,
Virtual Currency
Cryptocurrency Firms and Legacy Financial Institutions Worldwide Make Crypto Moves - Two cryptocurrency firms filed applications this week with the Office of the Comptroller of the Currency to become federally regulated banks...more
12/14/2020
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Currency ,
Financial Institutions ,
Popular ,
Securities Fraud ,
Tax Evasion ,
Token Sales ,
Virtual Currency ,
White Collar Crimes
Credit Card Company To Integrate USDC Payments, 401(k) Advisor Integrates Bitcoin - A major U.S. credit card company has announced plans to link its global payments network of over 60 million merchants to a cryptocurrency...more
12/7/2020
/ 401k ,
Bitcoin ,
Blockchain ,
Credit Cards ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
FinHub ,
Initial Public Offering (IPO) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
The third episode in the series focuses on the differences and similarities between the Ethereum Network, HyperLedger, and other key blockchain networks. Topics discussed include smart contracts, public versus private...more
New Crypto Payment Services Launch, Bitcoin ATM Firm Asserts Patent Rights - Late last week, BitPay, a major cryptocurrency payment provider, announced the introduction of BitPay Send, a new mass payout service that enables...more
Ethereum 2.0 Moves Closer to Launch, Blockchain Identity Solutions Announced - After having launched last week, the deposit contract for the newest upgrade to the Ethereum blockchain, Ethereum 2.0, now tops out at over 50,000...more
US Crypto Debit Card Launches, Cayman VASP Regs Announced, INX to List in Canada - Paxful, a peer-to-peer marketplace, and BlockCard, a cryptocurrency fintech platform, recently announced the launch of a crypto debit card...more
US Bank and Trust Companies Move Forward with Cryptocurrency Services - This week Avanti Bank & Trust was granted a bank charter from the Wyoming State Banking Board. ...more
Fintech Firm Brings $50 Million BTC on to Balance Sheet, Major CBDC Report Published - Late last week, a major U.S. fintech and payments firm published a “Bitcoin Investment Whitepaper” and announced that it purchased $50...more
Crypto Initiatives Launched by Foreign Banks, Exchanges, Apps, Gaming Firms - According to a press release this week, the “Bank of Thailand (BOT) … has successfully launched the world’s first blockchain-based platform for...more
Cryptoasset Study Published, Bahamas Launches CBDC, Zcash Service Announced - The University of Cambridge has published its 3rd Global Cryptoasset Benchmarking Study. ...more
OCC Clarifies Status of Stablecoins, Registration Statement Filed for Network Token - The chief counsel for the Office of the Comptroller of the Currency (OCC) recently issued a letter clarifying the agency’s stance on the...more
CBDC Testing Platform Launches, Crypto Adoption and Bitcoin Payment Options Grow - According to a recent press release, a major U.S. financial services firm has launched a “custom testing platform” that “allows central banks...more
IRS Addresses Taxing Crypto Received in Microtasks, Swiss Enable Crypto Payments - Late last week, the U.S. Internal Revenue Service (IRS) released a memorandum on the topic “Taxation of Virtual Currency Received in the...more
Federal Reserve Addresses CBDCs Amid Crypto Initiatives by US and Foreign Firms - Late last week, Lael Brainard, a member of the Board of Governors of the U.S. Federal Reserve System, gave a speech in which she commented on...more
Announcements Provide Details on New Cryptocurrency Payment Products - According to recent reports, a major U.S. mobile payments firm has announced that its Q2 revenue from selling bitcoin to customers through its Cash App...more