Wells Fargo Patent Envisions a Tokenization System for Sensitive Data

Wells Fargo Patent Envisions a Tokenization System for Sensitive Data

Advertisement The American multinational financial institution has filed a patent to develop a “system and methods to manage a tokenization manifest.” Wells Fargo Hates Cryptocurrencies, Not Its Technology The San Francisco-based bank hasn’t always been kind to cryptocurrencies. Just last month, CCN reported Wells Fargo’s ban on customers who bought digital assets using credit cards,…

Bitcoin Price Has Finally Bottomed: Digital Currency Group Founder Barry Silbert

Bitcoin Price Has Finally Bottomed: Digital Currency Group Founder Barry Silbert

Advertisement Seven months into a severe cryptocurrency market downturn, the bears have finally run out of steam, leaving the bitcoin price primed for a breakout. That’s according to Barry Silbert, founder of the Digital Currency Group (DCG), perhaps the cryptocurrency industry’s most prolific investment fund. Speaking with CNBC on Tuesday, Silbert said that the recent…

‘World’s First’ Trade Blockchain Launches in Singapore to Link China and ASEAN Nations

‘World’s First’ Trade Blockchain Launches in Singapore to Link China and ASEAN Nations

Advertisement A Singapore-based e-government service provider – notably owned by a government body and a port operator – has launched a blockchain platform focused on cross-border trade between ASEAN nations and China. Singapore-based CrimsonLogic, an e-government solutions provider with a presence in over 20 countries, announced [PDF] details of its ‘inclusive and extensible blockchain service’…

Founder of $150 Indian Bitcoin Ponzi Offers Compensation to Victims

Founder of $150 Indian Bitcoin Ponzi Offers Compensation to Victims

Advertisement The mastermind behind the infamous bitcoin ponzi GainBitcoin has offered to compensate thousands of victims who incurred losses during the scheme which raked in an initial 1,000 crores in cryptocurrency (approx. $150 million). Now under arrest, Amit Bhardwaj has been found out as the kingpin behind India’s biggest cryptocurrency scam. The founder of now-defunct…

Exclusive: Binance, Neufund Back ‘World’s First Decentralized Stock Exchange’ in Malta

Exclusive: Binance, Neufund Back ‘World’s First Decentralized Stock Exchange’ in Malta

Advertisement Another day, another crypto-forward development in Malta, as it backs its promise to become the world’s ‘blockchain island.’ CCN can exclusively reveal that Neufund, a German-based blockchain protocol for securities tokenization and issuance will be partnering with MSX, an innovation vehicle of the Malta Stock Exchange. MSX is also in partnership with Binance which claims…

Flooding in Sichuan Reveals Hidden World of China’s Small-Time Bitcoin Miners

Flooding in Sichuan Reveals Hidden World of China’s Small-Time Bitcoin Miners

Advertisement A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Originally reported by Chinese news resource Yiben Blockchain (一本区块链) via Jiemian, the report follows…

Bitcoin’s Killer App is Ransomware, Not Payments: Stripe COO

Bitcoin’s Killer App is Ransomware, Not Payments: Stripe COO

Advertisement Stripe, a digital payments provider, took a pioneering role with bitcoin in 2015 when it introduced a tool that allowed merchants to accept bitcoin. This past April, the company discontinued the service. The company’s COO, Claire Hughes Johnson, told Fortune’s Brainstorm Tech conference Tuesday that the reason behind the firm’s abandonment of BTC is…