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Facebook Enters Blockchain Space With Chainspace Acquisition
It was recently reported that Facebook has acquired Chainspace, its first company in the blockchain space. Chainspace is a smart contract protocol development and research firm. Simon / Pixabay This acquisition comes as no surprise as within the last year, Facebook had been rapidly expanding its blockchain space competencies by hiring software developers, engineers, and academics who are well versed
SEC Solicits Companies to Provide Data For Most Widely Used Blockchains
The U.S. Securities and Exchange Commission is seeking both large and small companies that can provide blockchain data "to support the SEC's efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets," the agency announced. Specifically, the SEC wants tech solutions that "extracts blockchain data and parses this data to make it easily reviewable." Here
Report: A Canadian Crypto Exchange Owes Investors $190M That it Can't Access After its Founder Dies With the Password
The Canadian crypto exchange QuadrigaCX owes its investors about $250 million CAD (US$190 million) in both cryptocurrencies and fiat funds, but its late founder was the only person at the company who knew how to access the money, as CoinDesk reports. Citing court documents it had obtained from the Nova Scotia Supreme Court, CoinDesk notes that "there were roughly 115,000
A New Report Says Two Groups of Hackers Have Stolen About $1B in Cryptocurrencies - So Far
Well, here's something to keep crypto investors up at night: A new report by Chainalysis has found that "two prominent, professional hacking groups" have been responsible for stealing about $1 billion in digital coins thus far, accounting for at least 60% of all publicly recorded hacks. According to Chainalysis - a firm that tracks cryptocurrency transactions - these two hacking groups,
The Battle Over ICO Regulation Has Just Begun
In a speech he delivered last December, U.S. Securities and Exchange Commissioner Jay Clayton somewhat surprisingly acknowledged that he believed initial coin offerings (ICOs) are potentially "effective ways for entrepreneurs and others to raise capital." It became a little less surprising, however, when Clayton added one big caveat: "The novel technological nature of an ICO does not change the fundamental
Reports: Former Trump Cabinet Member Has Jumped on the Blockchain Bandwagon
During his short tenure as interior secretary in the Trump administration, Ryan Zinke was primarily known for two things: Leading the White House's aggressive rollback of environmental protections and being the target of several federal investigations into alleged corruption that eventually led to his resignation in December. But now Zinke wants to be known for something else, as he's been
Glimpse into the Future at Hong Kong Blockchain Week
The first thing to know about blockchain technology is that there is a lot to know. There is, of course, Bitcoin, which has always been seen as Batman to blockchain’s Robin, or vice-versa. But since those early days when Bitcoin and blockchain were seemingly joined at the hip, the nascent technology has begun to outgrow its exclusivity with cryptocurrencies: From
China’s Tencent to Help Boost Hong Kong’s Fintech Startups
Tencent, China’s erstwhile “startup killer,” is opening its doors to Hong Kong’s burgeoning startup scene, writes Entrepreneur: In a bid to promote the growth of financial technology in Hong Kong, the Hong Kong Science and Technology Park (HKSTP) has signed a Memorandum of Understanding (MoU) with Chinese Internet giant Tencent. The partnership is aimed to accelerate the R&D development and
Report: Fidelity is Eyeing March to Launch its Bitcoin Custody Service
Fidelity Investments' anticipated bitcoin custody service, which will service institutional investors that want to trade cryptocurrencies, is now slated to launch in March, Bloomberg reports. Fidelity is expected to first offer bitcoin storage and then ether custody next, according to Bloomberg, citing three firms that have spoken to Fidelity. “We are currently serving a select set of eligible clients as
Kik is Reportedly Challenging the SEC's Ability to Regulate ICOs
Mobile messaging app Kik is gearing up for a court battle to challenge the Securities and Exchange Commission's authority to regulate initial coin offerings (ICOs), the Wall Street Journal reports. Ted Livingston, chief founder and chief executive officer of the Waterloo, Ontario-based startup, tells the Journal that the company "plans to fight an expected enforcement action from the Securities and