Technology

Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets. SB2594, introduced on Jan. 18 with bipartisan backing, would make it legal for Hawaiian banks to hold “digital securities,” “virtual currencies,” “digital consumer assets” and other “open blockchain tokens” for their customers. It would further authorize Hawaiian courts to hear
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There is an ongoing debate in the crypto community about where mainstream adoption. One point of view is that it will be the slow steady acceptance of digital assets. On that front, Bakkt president Adam White said in Davos yesterday that the company is on track to launch their app this year.  Another perspective is
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Riccardo Spagni, better known as “Fluffypony,” discusses privacy and whether or not central bank digital currencies (CBDCs) are just a fleeting thing. The Monero community leader speaks with CoinDesk’s Leigh Cuen in Davos, Switzerland. “There’s less hype, but more talk,” said Spagni. “It’s kind of like one of those things where people say they are
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Alexander Vinnik, the alleged operator of the BTC-e exchange, will be extradited to France following a ruling by Greece’s supreme court. Vinnik will be sent to France on allegations of money laundering following a ruling from Greece’s Council of State, the country’s supreme administrative court, reported Greek news outlet Ekathimerini on Thursday. He was arrested
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In addition to our news roundup, for the next few episodes we’ll also be highlighting select interviews from the CoinDesk crew reporting inside the world economic forum in Davos, Switzerland.  Today we’ll hear from former CFTC Chair Christopher Giancarlo on his proposed Digital Dollar push. We’ll end the show by taking a walk with a
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Users of crypto derivatives platform ErisX are getting access to institutional-grade data and trading solutions, thanks to a new partnership with software provider Etale. ErisX announced Thursday that members will be able to view Etale’s real-time market data and execute orders leveraging the company’s machine learning-based quantitative models. TD Ameritrade-backed ErisX launched a live spot
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Digital asset issuer Amun is launching a new financial product, this one for traders who predict bitcoin’s price will drop. Announced Thursday, Switzerland-based Amun has launched the 21Shares Short Bitcoin ETP (SBTC) on the Swiss Stock Exchange (SIX), an exchange traded product tracking bitcoin’s price movements inversely. If bitcoin’s price climbs, traders lose. If it
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Miller Thomson, the court-appointed legal counsel for former users of the QuadrigaCX cryptocurrency exchange, is asking for help identifying any records related to Crypto Capital, which may be holding some of the exchange’s funds. In a letter emailed to the exchange’s former customers and posted to its website, Miller Thomson wrote that Crypto Capital Corp.,
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Kik technical advisor Tanner Philp must be deposed by the Securities and Exchange Commission (SEC) related to the company’s 2017 kin token sale, elongating the discovery process in the messaging app’s battle with federal regulators. The agreement was made Wednesday before District Judge Alvin K. Hellerstein in the U.S District Court for the Southern District
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DAVOS — When the world’s leading bankers and policymakers gathered this week at the 50th Annual Meeting of the World Economic Forum in Davos, Switzerland, their interest in blockchain technology was resoundingly clear. “The number one use case of blockchain technology promoted by the government is data sharing,” Zhang Jiachen, CEO of the startup Guangzhishu Technology,
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The Blockchain Association, a U.S. advocacy group uniting the industry’s leading startups like Coinbase, Circle, 0x, Ripple and others, has filed an amicus curiae brief in the ongoing SEC vs. Telegram case. It’s the second industry’s motion in as many days to support Telegram’s fight against the SEC allegation it broke the U.S. securities law
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Cryptocurrency exchange Binance has made an undisclosed investment in open-data framework provider Numbers. Announced in a blog post on Wednesday, Gin Chao, strategy officer at Malta-based Binance, said Numbers’ protocol will bring developers “easy access” to the exchange’s own blockchain – Binance Chain – and could be used features like hardware wallet security, digital signatures
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DAVOS — Switzerland’s banking industry has long been known to privately safeguard wealth, so some bankers see bitcoin as a natural fit for the nation’s financial sector. Although such bankers may still be a minority, Zurich-based SEBA Bank AG opened in November 2019 with a universal banking license and a suite of services ranging from fiat
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Huobi Group is opening its first digital asset brokerage platform, offering trading products and services to institutional clients and high net-worth customers.  Announced Tuesday, the Gibraltar-based Huobi Brokerage is also the first product launched under the company’s Global Institutional Business (GIB) division, according to a company statement. Formed in November 2019, the new division was
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Cryptocurrency payment solution BitPay has added support for XRP to its wallet app on Tuesday, after first announcing its intent to do so in October 2019. Ecommerce domain eGifter and humanitarian organization CARE have already announced their adoption of XRP for commerce and donations following the addition, BitPay said. “BitPay continues to expand consumers’ ability
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