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65% Of Firms Prefer IBM Blockchain Over Microsoft, Others

September 19, 2018 By Mark Lyford Leave a Comment

IBM enjoys the most trust from Corporate America when it comes to enterprise blockchain solutions, and it’s not even close when comparing the rest of the pack. That’s according to Sept. 2018 survey by Juniper Research which found that 65% of respondents would choose IBM Blockchain to deploy distributed ledger technology (DLT) and similar solutions.

Runner-up Microsoft garnered just 7% of the votes. Other companies on the list include Accenture, Deloitte and Oracle.

Continue reading 65% Of Firms Prefer IBM Blockchain Over Microsoft, Others at Crypto Daily™.

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Deloitte report outlines why telecom, media, entertainment firms should invest in blockchain

September 12, 2018 By Mark Lyford Leave a Comment

UK-incorporated multinational professional services organization Deloitte has released a report outlining why executives running telecommunications, media and entertainment (TM&E) businesses should be making investments now in blockchain, according to an email CoinReport received from Brodeur Pa…

The post Deloitte report outlines why telecom, media, entertainment firms should invest in blockchain appeared first on CoinReport.

CoinReport

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The Daily: Malta Sees No Issue With Unlicensed Crypto Firms, Valletta Mansion on Sale for Crypto

September 11, 2018 By Mark Lyford Leave a Comment

Malta is not worried about crypto companies operating while their applications for licenses are still pending as the loophole does not mean they are free from obligations under the current regulations, officials from the island nation commented. Also in The Daily, a €3 million palazzo in Valletta has been put up for sale and the owner takes only cryptocurrency, a project aims to turn a Great Barrier Reef island into a crypto micro-economy, and a hotel in Perth cuts third parties out of the booking process using cryptocurrency.

Also read: Revolut to Launch in North America, US Startup Presents Telegram Alternative Read more...

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Colorado Authority Investigates 3 Cryptocurrency Firms Behind Unregistered ICOs

September 5, 2018 By Mark Lyford Leave a Comment

Colorado’s Department of Regulatory Agencies (DORA) has revealed plans to asses three crypto-based firms offering “unregistered Initial Coin Offerings” in the state as part of an ongoing investigation into a practice being used by fraudulent companies to defraud members of the public. The investigation is being carried out by members of the Division of Securities,

The post Colorado Authority Investigates 3 Cryptocurrency Firms Behind Unregistered ICOs appeared first on CCN

CCN

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The Daily: Asian Crypto Jobs on the Rise, Colombia to Cut Taxes for Crypto Firms

September 2, 2018 By Mark Lyford Leave a Comment

The number of jobs and job seekers in the Asian crypto space is growing, according to leading recruiters in the region. Also in The Daily, Colombia may soon become a crypto-friendly nation, California and Russia want to use blockchain tech for insurance and pensions, and Malaysians remain bullish on cryptocurrencies, despite market trends this year.

Also read: Mycrypto Raises $ 4 million, Islamic Crypto Exchange Sets Foot in Malta Read more...

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Our Work Here Is Done, 84% Of Firms Now Using Blockchain Tech

August 31, 2018 By Mark Lyford Leave a Comment

As blockchain and crypto enthusiasts, our goal is to get everyone in the world using blockchain technology. We believe in this technology because we know it has the power to change the world. Like the early advocates of the internet, we have, in our hands, a technology that will change the way we communicate, spend money, store data and many other things.

According to new research by PwC, 84% of surveyed firms (around 600 in total, across 15 territories) already have some involvement with blockchain technology.

Continue reading Our Work Here Is Done, 84% Of Firms Now Using Blockchain Tech at Crypto Daily™. Read more...

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‘Operation Cryptosweep’ Actively Investigating 200 ICOs and Cryptocurrency Firms

August 28, 2018 By Mark Lyford Leave a Comment

An international task force targeting securities violations in the cryptocurrency industry has now opened active investigations into more than 200 initial coin offerings (ICOs) and investment products. First launched in May by the North American Securities Administrators Association (NASAA), “Operation Cryptosweep” has already brought 47 enforcement actions against ICOs and firms offering cryptocurrency investment products

The post ‘Operation Cryptosweep’ Actively Investigating 200 ICOs and Cryptocurrency Firms appeared first on CCN

CCN

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Korea’s Crypto Industry Condemns Exclusion Plan from Venture Firms List

August 16, 2018 By Mark Lyford Leave a Comment

Crypto exchanges and blockchain startups in South Korea are protesting against a recent legislative proposal by the government to exclude the industry from recognized venture businesses. In a proposal outlined by South Korea’s Ministry of SMEs and Startups this week, the government body revealed its intention to exclude the blockchain industry, including cryptocurrency exchanges, from

The post Korea’s Crypto Industry Condemns Exclusion Plan from Venture Firms List appeared first on CCN

CCN

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Only Seven Crypto Firms Authorized to Legally Operate in Thailand

August 16, 2018 By Mark Lyford Leave a Comment

The Thai Securities and Exchange Commission (SEC) has announced the names of seven cryptocurrency firms that have been authorized to legally operate in the country. Five of them are crypto exchanges; two are cryptocurrency dealers.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Seven Crypto Firms Authorized

The Thai SEC has announced the names of the cryptocurrency firms that have been authorized to operate in the country while their applications are being reviewed by the regulators. Seven firms, consisting of five crypto exchanges and two dealers, have been granted temporary approval to operate until their applications are either approved or denied. Read more...

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Yes, Stablecoins Can Secure Official Audits from Major Firms

July 26, 2018 By Mark Lyford Leave a Comment

“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken’s TrueUSD is fiat-collateralized. Under this model, each token (in theory) should be backed 1:1 with a corresponding dollar in a related bank account.

This model may not play out in practice as it does in theory, however. In a recent interview with Bitcoin Magazine, Reiss’s comment summarizes the bulk of his answer to our first question: How is TrueUSD different from Tether? Read more...

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Powerful Cryptocurrency Firms on the Road Towards Becoming Banks

July 18, 2018 By Mark Lyford Leave a Comment

When bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. Meanwhile, cryptocurrency exchanges, brokerage services, and over-the-counter market makers have started to look into purchasing shares of banks and even becoming the banks themselves.

Also read: Blackrock Probes Market, Coinbase to List Securities, Bitpay Gets a Bitlicense Read more...

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US Financial Authority Asks Brokerage Firms to Disclose Crypto Activities

July 10, 2018 By Mark Lyford Leave a Comment

The Financial Industry Regulatory Authority has issued a notice encouraging every firm that sells securities to the public in the U.S. to disclose any activities “related to digital assets, such as cryptocurrencies and other virtual coins and tokens.”

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Firms Encouraged to Disclose Crypto Involvement

The Financial Industry Regulatory Authority (FINRA) issued a Regulatory Notice last week on digital assets.

A not-for-profit organization authorized by Congress, FINRA is not part of the U.S. government but is tasked with protecting America’s investors by making sure the broker-dealer industry operates fairly and honestly, its website describes. Read more...

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Crypto Exchanges, Payment and Wallet Firms Join EU Police to Fight Privacy

June 21, 2018 By Mark Lyford Leave a Comment

About sixteen major cryptocurrency exchanges, payment processors and digital wallet providers have joined the EU’s law enforcement agency for an event about preventing money laundering. The three-day conference on digital currencies and cyber crime began on Tuesday in the Hague.

Also Read: The Daily: Akon Launches Akoin, ICO Mogul Buys $ 19M Land with Bitcoin

“Tracing and Attribution”

The European Union Agency for Law Enforcement Cooperation (Europol), formerly known as the European Police Office and Drugs Unit, said that the event would primarily be about the “tracing and attribution” of cryptocurrencies. Attendees will also focus on methods to thwart services for hiding the source of funds, presumably such as coin mixers. Besides the representatives of the crypto companies and Europol, the event also includes people from the authorities of a number of European countries. Read more...

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Op Ed: Five Things Blockchain Firms Need to Know About the GDPR

June 2, 2018 By Mark Lyford Leave a Comment

This guest post by Laura E. Jehl was co-written by Robert A. Musiala Jr. and Stephanie Malaska of BakerHostetler. Views expressed are those of the authors and do not necessarily reflect those of BakerHostetler or its clients .

This year, we’re witnessing the convergence, and perhaps the collision, of two powerful new forces in data privacy: the European Union General Data Protection Regulation (GDPR) and the emergence of blockchain-based privacy solutions. As blockchain technology firms continue to build new solutions, here are five key takeaways they should keep in mind about the GDPR. Read more...

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Top automakers, startups, tech firms, others form blockchain consortium MOBI

May 6, 2018 By Mark Lyford Leave a Comment

A number of major automakers, start-ups, technology companies and other firms have formed a blockchain consortium by the name of “Mobility Open Blockchain Initiative,” or MOBI, according to a press release CoinReport received from Fire on the Hill, MOBI’s communications agency. The group includes BM…

The post Top automakers, startups, tech firms, others form blockchain consortium MOBI appeared first on CoinReport.

CoinReport

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Chinese Stock Exchange Probes Firm’s Blockchain Claim Amid Stock Rally

March 19, 2018 By Mark Lyford Leave a Comment

A public company in China is being questioned over a blockchain claim that appeared to drive a rally in its stock price.
CoinDesk

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Two of the Big Four Accounting Firms Now Accept Bitcoin

December 3, 2017 By Mark Lyford Leave a Comment

In their quest to gain supremacy in the cryptocurrency ecosystem, the Big Four accounting firms (Deloitte, EY, PwC, and KPMG) are focusing their strategies and shaping their services to better respond to their customers’ demands. And, as a testament to Bitcoin’s status as an increasingly mainstream financial asset, PwC is following EY’s lead in accepting payments in Bitcoin.

PwC Hong Kong Accepts Bitcoin

Bitcoin and its blockchain technology are becoming so pervasive throughout business, finance, and industry that corporations, no matter how big or small, cannot avoid doing business that is, either directly or indirectly, related to Bitcoin and its technology. Read more...

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