Japanese Crypto Exchange Everybody’s Bitcoin Receives Citation From Financial Regulators

Tokyo-based virtual currency exchange Everybody’s Bitcoin Co. Ltd. has been issued an official warning by the Japanese Financial Services Agency (FSA), according to a press release April 25. Citing articles of the Supplementary Provisions Act on Financial Settlement, the FSA issued the company an improvement notice, which obliges them to rectify any inconsistencies or shortcomings …

Comcast’s Venture Capital Arm Is Bullish On Bitcoin and Blockchain

Gil Beyda, managing director of the venture capital (VC) arm of Comcast, appeared on CNBC today, April 26, with a bullish outlook for Bitcoin and real world applications of blockchain technology. Comcast Ventures has already invested in blockchain startups, and four of the firm’s partners are focused on blockchain investments. Beyda emphasized that cryptocurrencies could …

Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts

Major Chilean cryptocurrency exchange Buda has persuaded a court to order the re-opening of its accounts at two major Chilean banks, Bloomberg reports April 25. Chile’s anti-monopoly court published the ruling on its website, ordering state bank Banco del Estado de Chile and Itau Corpbanca to re-open Buda’s accounts while the exchange’s lawsuit continues against …

“Bitcoin Is A Scam,” Claims Ousted CEO Of Paypal

Bill Harris, co-founding but short-lived CEO of Paypal, has written an opinion piece on Bitcoin in which he claims the cryptocurrency is “a scam… a colossal pump-and-dump scheme, the likes of which the world has never seen,” published on Recode Tuesday, April 24. Harris’s argument targeted Bitcoin on three fronts, asserting it is useless as …

Binance Labs Leads $30 Mln Fundraising Round For New Privacy-Centered Cryptocurrency

MobileCoin, a new privacy-centered cryptocurrency, announced that Binance Labs will lead a $30 mln round of fundraising for the project, according to a Medium post April 24. The blog post stated that the Blockchain technology incubator associated with the Binance cryptocurrency exchange is leading a $30 mln round of investment denominated in Bitcoin (BTC) and …

Capital Group Prohibits Associates, Family Members From Investing In ICOs

Capital Group, an American financial services company and one of the world’s oldest investment management organizations, has prohibited its associates and their immediate family members from investing in Initial Coin Offerings (ICOs), according to an upgraded Code of Ethics filed with the Securities and Exchange Commission (SEC) April 19. The updated Code of Ethics emphasized …

Walmart Is Ready To Use Blockchain For Its Live Food Business

Walmart Inc., US retail corporation and the world’s largest discount retailer, is ready to use Blockchain technology in its live food business, Bloomberg reported April 23. Frank Yiannas, Walmart Vice President of Food Safety and Health, made the announcement Monday at the MIT Technology Review’s Business of Blockchain conference in Cambridge, Massachusetts. Yiannas said that …

Shenzhen, China Backs $79 Million Fund To Support City’s Blockchain Startups

The launch of a 500 mln yuan (about $79 ml) Blockchain venture capital fund for Chinese city Shenzhen was announced at a Blockchain Expo held in the city, local news outlet Sohu reported yesterday, April 22. Yesterday’s announcement at the China Electronic Commerce Association-hosted Expo stated that the Shenzhen Angel Investment Guidance Fund, an almost …