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The Winklevoss Brothers Just Won a Crypto Patent

A company owned by Cameron and Tyler Winklevoss, founders of the Gemini cryptocurrency exchange, has been granted a patent for a system that seeks to improve the security of digital transactions.

The applicationwas filed in November and granted on Tuesday by the U.S. Patent and Trademark Office (USPTO). It describes a “system, method, and program product for processing secure transactions within…

Blockchains Alone Won’t Fix the Facebook Problem

Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative.

Even before the questions began, one early image from Mark Zuckerberg’s Congressional appearance confirmed that the hearing would focus on all the wrong things.

The crush of photographers clamoring for a shot of the Facebook CEO was a reminder that…

Crypto Tax Support Is Coming Slowly to India

While the focus may be on the U.S. of late, cryptocurrency tax issues are becoming a global problem.

India, for example, has responded by sending tax notices to crypto traders and investors after a survey found $3.5 billion in transactions may have been performed by citizens over the past 17 months. The country’s income tax department has even gone so far as to raid exchangesover suspicions that…

Search Giant Baidu Unveils Blockchain Photo Platform

Chinese internet search giant Baidu has launched a blockchain-based stock photo service in bid to protect image intellectual property in China.

The service, called Totem, went online Wednesday and uses a blockchain to timestamp submissions of each original photograph from a user with a real-name identity and store data associated with the images on a distributed network.

With Baidu’s existing…

BitFlyer Exchange Toughens User Verification Amid Watchdog Scrutiny

BitFlyer, a major Japanese cryptocurrency exchange, announced Thursday that it will toughen its know-your-customer process after reported criticism from the country’s financial regulator.

According to a company announcement, starting from April 26, users registering online will not be able to send cryptocurrency assets or withdraw Japanese yen until their identity and address have been confirmed…

The Anti-ASIC Revolt: Just How Far Will Crypto’s War On Miners Go?

Can public cryptocurrencies stay public?

That’s the simple question that lies at the heart of a complex debate happening across major cryptocurrencies, where developers from projects as diverse as ethereum, monero and zcash are up in arms over what to do about the arrival of a new form of hardware that could upend the delicate balance of their distributed communities.

Designed specifically to…

Police Abruptly Halt Chinese Blockchain Conference

A blockchain-themed conference in Shanghai was abruptly suspended by police on Thursday.

The one-day event, dubbed the Global Fintech & Blockchain China Summit 2018 and organized by a business conference organizer called PTP International, was originally scheduled for April 12.

Yet around midday (local time) on Thursday, the morning session was halted by police, and all attendees and organizers…

Blockchain Startup Kadena Raises $12 Million in SAFT Sale

Blockchain platform provider Kadena has raised $12 million through a Simple Agreement for Future Tokens (SAFT) sale.

Announcing the successful round on Thursday, the startup said that participants included Devonshire Investors, the private investment arm of the owners of Fidelity Investments, as well as SIG, Asimov Investments, Multicoin Capital and SV Angel.

Based on the SAFT framework– a kind…

$7.5K Ahead? Bitcoin Price Charts Hint at Bull Move

The stagnant bitcoin charts could spring back to life in the next 24 hours, with a bullish move possibly on the cards.

The cryptocurrency has been moving in a more or less sideways manner for over a week now and – currently trading at $6,848 on Bitfinex – is largely unchanged on a 24-hour basis.

However, the price range continues to narrow on a daily basis (as seen on the chart below) and a…

Santander to Launch Ripple Payment App This Week

Global banking giant Santander Group is reportedly launching a blockchain-based application for cross-border foreign exchange on Friday.

According to a report by the Financial Times on Thursday, the app, dubbed One Pay FX, is initially to be rolled out for Santander’s customers in four countries – Spain, the U.K., Brazil and Poland.

The group said it expects to introduce the service in…

Moody’s: Blockchain Could Save US Mortgage Industry $1 Billion

Blockchain could help cut costs and redundancies in the mortgage process, according to a new report from Moody’s.

The firm touched on the technology’s promise in a new in-depth report that analyzes the impact of new technologies on the U.S. housing sector. While innovation in the years since the financial crisis has transformed a range of industries, the researchers wrote, housing has been…

Bitcoin Breakout: Price Jumps $1K in 60 Minutes

Bitcoin rallied over $1,000 in an hour this morning, having spent a better part of the last two weeks trading sideways in a narrow price range.

The cryptocurrency clocked a two-week high of $8,055 soon before press time and is currently trading at $7,850, according to CoinDesk’s Bitcoin Price Index. The move marks a 13 percent gain from the previous day’s close of $6,939.

It appears short…

Carbon ‘Stablecoin’ Project Raises $2 Million in Seed Round

Cryptocurrency startup Carbon has raised $2 million in seed funding, the company revealed to CoinDesk, Thursday.

Investors in the round include General Catalyst, Digital Currency Group, FirstMark Capital, Plug and Play Ventures and The Fund. Carbon did not disclose its valuation.

The investment round brings the project a step closer to launching a dollar-pegged cryptocurrency based on Hedera…

IT Giant Tech Mahindra Joins India’s Early Blockchain ‘Bulls’

Is India emerging as a blockchain trendsetter?

Certainly, the sector has been moving in fits and starts in what’s becoming the world’s fifth-largest economy. Despite a bearish outlook on cryptocurrencies from regulators, progressive Indian states and companies are charging ahead in exploring the applications of blockchain technology.

Now, there are signs that local companies are seeking to…

Russian Police Arrest Two for Illegal Crypto Mining

Russian police arrested two people for running an illegal cryptocurrency mining operation on Thursday.

Ministry of Internal Affairs spokeswoman Irina Volk said police detained two individuals in connection with a cryptocurrency mining farm discovered in an abandoned rubber factory. Authorities found more than 6,000 pieces of mining equipment at the site in the city of Orenburg, according to a Ru…

NY Regulator Argues BitLicense Regulation Boosted Businesses

The New York State Department of Financial Services (NYDFS) is taking steps to defend its much-contested track record as an early regulator of cryptocurrency.

In remarksat this year’s Conference of State Bank Supervisors spring meeting Tuesday, NYDFS superintendent Maria Vullo discussed the agency’s efforts to police the cryptocurrency space, touting the state’s technology-specific licensing…

CabbageTech CEO Concedes in CFTC Crypto Fraud Suit

The Commodity Futures Trading Commission affirmed its ability to regulate cryptocurrencies as commodities, after an alleged scammer gave up a legal fight against the agency on Thursday.

The commodities regulator chargedPatrick McDonnell – doing business as CabbageTech and Coin Drop – with fraud and misappropriation of funds earlier this year. According to court documents, McDonnell allegedly…