Coinbase Walks Back Claim That SEC Approved Trio of Acquisitions

Coinbase Walks Back Claim That SEC Approved Trio of Acquisitions

Advertisement Cryptocurrency exchange and brokerage giant Coinbase has walked back a claim that it had received explicit approval from the U.S. Securities and Exchange Commission (SEC) to acquire three companies as part of its future plans to list cryptocurrencies that are deemed securities under federal regulations. As CCN reported, the San Francisco-based company had announced…

Bitcoin Price Could Reach $40,000 Within Years: Billionaire Marc Lasry

Bitcoin Price Could Reach $40,000 Within Years: Billionaire Marc Lasry

Advertisement Another billionaire has officially jumped on the bitcoin bandwagon. The latest addition to the burgeoning group of bitcoin billionaires is Marc Lasry, the co-founder of Avenue Capital Group, an investment firm with $9.6 billion in assets under management. Speaking with CNBC, Lasry — who is also a co-owner of the NBA’s Milwaukee Bucks —…

Mastercard Wins a Patent to Link Cryptocurrency With Fiat Accounts

Mastercard Wins a Patent to Link Cryptocurrency With Fiat Accounts

Advertisement Mastercard has been granted a patent that grants it rights for a method for “managing fractional reserves of blockchain currency.” With Mastercard’s latest patent, we’re getting closer to using our cryptocurrency credit cards to purchase goods. According to the filing, the method addresses the storing of both fiat and cryptocurrencies under one profile. This…

IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network

IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network

Advertisement Stronghold, a San Francisco-based financial institution that has been developing an asset agnostic payment and trade ecosystem, has launched an asset-backed token on the Stellar network, the first venture supported USD anchor for the network. Buyers of the coin will deposit U.S. dollars with Stronghold’s partner bank, Nevada-based Prime Trust, enabling Stronghold to issue the…

Football legend Didier Drogba is Now a Cryptocurrency Startup’s Ambassador

Football legend Didier Drogba is Now a Cryptocurrency Startup’s Ambassador

Advertisement Ivorian footballer Didier Drogba is the latest celebrity to join the long list of athletes who have endorsed cryptocurrencies this year. According to Russian news outlet RT, Drogba is the official ambassador for the cryptocurrency-based social networking platform All.me. Drogba explained that he believed in the project “a lot” and even wore a shirt with…

Japanese Internet Giant GMO’s Web Bank Will Use Blockchain for Payments

Japanese Internet Giant GMO’s Web Bank Will Use Blockchain for Payments

Advertisement Multi-billion-dollar Japanese tech conglomerate GMO has launched a new internet banking business that will use blockchain technology for faster and cheaper payments and financial services. In an announcement [PDF] on Tuesday, the GMO Internet Group confirmed the launch of the GMO Aozora Net Bank in partnership with Aozora Bank Group, a joint-initiative that has…