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In a report to President Trump entitled “A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation”, the US Treasury described blockchain and distributed ledger technology as “promising innovations”. Its recommendation regarding cryptocurrency, however, is less clear. The report examines existing and emerging trends in the current monetary system and makes more than 80 […]

With the first half of 2018 coming to a close, leading global audit firm KPMG is reviewing the impact of blockchain on the maturing fintech market. On July 31, KPMG published its global report on fintech investment trends for H1 2018. KPMG: “The Pulse of Fintech 2018” In its 2018 Pulse of Fintech report, KPMG recognizes […]

Emerging cryptocurrency regulations are putting greater scrutiny on exchanges and companies worldwide. Starting August 1, 2018, Korean cryptocurrency exchange Bithumb will no longer issue new virtual accounts due to the failure to renew a banking contract. South Korea Cracks Down on KYC and AML Bithumb has suspended new bank-linked virtual accounts after failing to establish […]

Over the past few decades, video game popularity has soared along with its media attention – particularly the topic of whether violent video games lead to increased violence in the real world. Most research, however, concludes no direct, definitive link between them. Although, there may be another link less explored: are video games – specifically, “indie […]

As the industry matures, an influx of institutional investors continues to pour into the cryptocurrency market. Announced July 31, investment banking giant Morgan Stanley hired a former Credit Suisse VP to head its digital assets division. Morgan Stanley Eyes Developing Digital Economy Morgan Stanley is hiring Credit Suisse’s VP of Sales and Innovative Trading Andrew Peel […]

The Coinbase-backed venture, Fuel Games, recently launched the presale of Gods Unchained, the world’s first blockchain-based eSports game. The competitive trading card game hopes to break into the lucrative eSports industry and possibly kickstart a whole new generation of blockchain-based gaming. With the eSports industry projected to be worth around $1.4 billion by 2020, and […]

On July 30, 2018, the IOHK Foundation announced the launch of the second Cardano testnet, the IELE virtual machine (VM) smart contract update. Cardano “IELE” As published on their official website, developers can now experiment with smart contracts technology based on the Cardano blockchain and test it for bugs and other nuances which can be […]

Valve, the parent company of popular gaming marketplace Steam, redacted a nefarious indie game that allegedly deployed cryptocurrency mining malware on user computers under the guise of an interactive application. Simple Game, Complicated Code As reported by VG24/7 on July 30, 2018, the game, called “Abstractism,” forced a victim computer to dedicate computing resources to […]

IBM with CLS – a foreign exchange settlement provider handling $5 trillion a day, launched a trial with a number of leading financial institutions to test their ‘LedgerConnect’ platform for blockchain-based applications. Announcing the collaboration on its website, IBM unveiled the pair’s new blockchain ‘app store’ — a “managed” platform aiming to make it easier […]

Several cryptocurrency investors and analysts believe the first Bitcoin exchange-traded fund (ETF) will not hit the US markets until 2019, regardless of the involvement of VanEck and Cboe. Why is 2018 Unlikely? Last week, the US Securities and Exchange Commission (SEC) officially rejected the Bitcoin ETF proposal of the Winklevoss twins, who operate Gemini, a […]