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A US federal court has indicted three founders of a company purported to offer cryptocurrency-related financial products and have raised $25 million in an initial coin offering. In addition to claiming to have licenses in 38 states, the company also claimed partnerships with Bancorp, Visa, and Mastercard to issue its own cards. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Three Founders Indicted The US Department of Justice (DOJ) announced on Monday that the founders of a cryptocurrency-related company have been indicted in the Manhattan federal court. Florida residents…

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Smart contracts and off-chain computing are coming to the Bitcoin blockchain, thanks to a partnership between RSK and iExec. RSK to Add Smart Contract Functionality to Bitcoin The RSK project — which aims to build Turing-complete smart-contract capabilities for the Bitcoin blockchain — is partnering with iExec in an effort to provide off-chain computing to Bitcoin applications and afford decentralized applications the ability to access on-demand and scalable cloud computing resources. According to a Medium post from iExec editor Wassim Bendella, “the developers under RSK aim at adding value and functionality to [Bitcoin’s]…

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ICON, one of the largest blockchain networks in the world which aims to hyper-connect private and public institutions, has announced a massive partnership with LINE PLUS, a global social platform with a monthly average user count over 200 million. Together, the two companies have co-founded ‘Unchain’ in an effort to construct LINE’s blockchain network.  A Joint Venture of Massive Proportions The goal of Unchain is to develop a variety of decentralized applications (DApps) while also expanding upon ICON’s blockchain ecosystem. According to an official blog post from the South Korean…

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Ever worried about how will you be able to transact if your ISP (internet service provider) will try to prevent you from sending a transaction or will just not be able to due to a disaster bringing down the needed infrastructure? Setting up mesh networks, which can self-organize without a centralized control hub, is one much talked about possible solution. Also Read: NY Regulator Approves Bitcoin Cash, Zcash and Litecoin Trading Bitcoin Mesh Network The developers of the privacy-centric wallet, Samourai, have teamed up with Gotenna, a Brooklyn-based startup that…

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Earlier today, San Francisco-based digital currency exchange Coinbase announced four major products geared entirely towards facilitating and encouraging institutional investment — signaling that the herd is indeed on its way. Coinbase Custody First and foremost, Coinbase has partnered with an SEC-regulated broker-dealer to created Coinbase Custody, which the company claims is the most secure cryptocurrency storage solution on the market today. Explains the company in an official blog post: Coinbase Custody is proud to offer a service that couples Coinbase’s cryptocurrency security excellence with third-party auditing and financial reporting validation that operates…

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Arthur Hayes, the CEO of BitMEX, predicts that bitcoin will reach the $50,000 mark by the end of this year. Appearing on CNBC’s Fast Money, the former Citigroup and Deutsche Bank executive also spoke on volatility and the dominance of Asian retail traders in the crypto market. Bitcoin at $50,000 When asked to give a bitcoin price prediction, Hayes said it could reach $50,000 before the end of 2018. Bitcoin and the cryptocurrency market has endured a difficult start to 2018 with bitcoin, in particular, dropping to below $6,000 in…

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Chinese mining behemoth Bitmain has strongly refuted allegations that it pressurized an ASIC manufacturer into shutting out a foreign competitor. In a widely shared blog post, Siacoin’s lead developer David Vorick lifted the lid on the cutthroat ASIC mining business. In a response, Bitmain praised Vorick’s input to the industry – but took exception to one particular section of his writeup. Also read: Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers Bitmain Breaks Its Silence Bitmain is a company of few words, preferring to let its ruthlessly efficient ASIC…

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Seminole County, Florida, has officially become the very first county in the US to accept Bitcoin to pay their taxes. Resolving an Expensive Issue In an official announcement dated May 14th, Joel M. Greenberg, Seminole County’s Tax Collector, disclosed that his office will be accepting both Bitcoin and Bitcoin Cash as means for payment of different services beginning this summer. For a long time, users who chose to pay their taxes with a credit or debit card were charged with hefty fees. This was because they were using a third-party…

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Thomson Reuters is launching a cryptocurrency real-time rates data feed. The new service is expected to provide “reliable, real-time information” for six digital coins across major crypto exchanges. The stated goal is to encourage efficiency and transparency for cryptocurrency investors within the global market place. Also read: Thomson Reuters and Marketpsych Launch Bitcoin Sentiment Index Six Cryptocurrencies Will Be Tracked The new Cryptocurrency Real Time Rates are already accessible through a customized API interface on Thomson Reuters Eikon platform. The application is providing trading data from various crypto exchanges including…

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Bitcoin educator, developer and entrepreneur Jimmy Song has bet an unlimited amount of money on cryptocurrency proving more innovative than Blockchain by 2023. Bitcoin ‘The Real Innovation’ Speaking during a panel at Consensus 2018, which has since become infamous as a frank discussion of Bitcoin vs. Blockchain, Song made the bet with Ethereum cofounder Joseph Lubin. “I don’t really see much of this stuff gaining much traction,” he said referencing blockchain solutions for global enterprise arguing Bitcoin is “the real innovation here.” “I’ll bet you any amount of bitcoin that…

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