Blockchain startup Blockstack is currently evaluating how to issue new tokens for general miners.
“The issuance of new tokens is the main issue here,” Blockstack CEO Muneeb Ali told CoinDesk. “Because within the U.S. we’re treating STX [tokens] as securities, if new tokens are being minted by the protocol and they’re being released in the ecosystem, we need a legal framework for them.”
Hyperledger, the open-source blockchain alliance backed by the Linux Foundation, has green-lit a Beijing-based firm that also serves the Chinese army to join its new certification program.
Only five companies are authorized Hyperledger Certified Service Providers (HCSP), allowed to offer support, consulting, training and professional services, including installation, configuration and troubleshooting, to other enterprises exploring blockchain technologies, Hyperledger said.
U.S. regulators are not yet sure about what to make of ethereum’s impending transition to a staking-based protocol.
Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, who recently declared his view that the world’s second-largest cryptocurrency by market capitalization is a commodity that could support a futures market, said this week his agency is still evaluating whether this will remain true after ethereum upgrades its network sometime in the coming year.
Speaking at CoinDesk’s Invest: NYC conference on Tuesday, Tarbert said the CFTC and its sister agency, the Securities and Exchange Commission (SEC), were both “thinking carefully” about the forthcoming Ethereum 2.0 upgrade which is designed to replace the coin’s current proof-of-work (PoW) model for transaction validation.
Ant Financial, the fintech arm of Chinese tech giant Alibaba Group, has launched the testing stage for its blockchain network aimed to support small and medium-sized businesses.
Speaking at the World Blockchain Summit at Wuzhen, China, Jieli Li, senior director of technology and business innovation at Ant Financial, said the tech underlying its Ant Blockchain Open Alliance is set to go live three months after the testing period, according to a report from Sina Finance.
Federal Bureau of Investigation Director Christopher Wray says cryptocurrency is a “significant issue” that is likely to become a “bigger and bigger” problem for the law enforcement agency.
Speaking in front of the U.S. Senate Homeland Security and Governmental Affairs Committee on Tuesday, Wray responded to questions from U.S. Senator Mitt Romney (R-UT) about cryptocurrency, law enforcement and terrorist deterrence, saying:
“We are looking at it from an investigative perspective, including tools that we have to follow the money even in this new world that we’re living in.”
Malaysian authorities have apprehended five men charged with stealing 85 bitcoin machines. The police captured the men in a police raid on Nov. 2.
The Sun Daily reports that four men and one woman rented a building in Seremban, Malaysia, adjacent to a warehouse storing the bitcoin machines. The five drilled through the concrete wall connecting the two buildings. All the suspects were friends without past criminal records, The Sun writes.
Worth $10,300 each, the machines were most likely bitcoin mining rigs, although local police did not specify.
Digital travel agent Webjet has launched its long-in-development blockchain-based platform in a bid to remove disparities in hotel booking data.
Working in conjunction with Microsoft through the firm’s Azure blockchain-as-a-service sandbox since 2016, Webjet said Thursday the new Rezchain application will address hotel reservation snafus and overcharges by looking for data mismatches in real-time between customers, hotels and booking agents, and sending alerts if any are found.
U.S. prosecutors charged Asa Saint Clair, the president of a nonexistent United Nations affiliate, with fraud Wednesday, alleging he defrauded investors using the IGOBIT digital token.
Prosecutors with the Southern District of New York alleged that Saint Clair lured investors to buy into the “World Sports Alliance” using his IGOBIT digital currency, promising investors equity the in organization from 2017 to September 2019.
Ethereum developers are using the Lightning payments network to build bridges into the bitcoin ecosystem.
The venture-backed crypto startup Radar, best known for its decentralized exchange (DEX) relayers for 0x, just launched a service called RedShift, which allows people to pay a lightning invoice from an ethereum wallet.