Shipping Startup Refutes Claims of Securities Laws Violations by State Regulator

Logistics and supply chain startup ShipChain has refuted the claim of South Carolina regulators that it ran afoul of state securities laws, according to a statement May 24. Earlier this week, the company was issued a cease-and-desist order from the South Carolina Attorney General’s office. The order stated that ShipChain was offering securities to state …

Poland Continues its Aggression Towards Crypto, But the Community Shows Force

On May 10, Polish Financial Supervision Authority (KNF) held a tender order of 615,000 zloty (around $170,000) to plan and conduct a social media campaign that will focus on the risks associated with cryptocurrencies, pyramid schemes, and forex trading. That sum is hardly impressive, but represents another gesture against crypto by the conservative Polish government, …

American Express Integrates Blockchain To Its Membership Rewards Program

Financial services corporation American Express (AmEx) has announced a blockchain application to its Membership Rewards program in partnership with online merchant Boxed, Associated Press reported May 23. AmEx announced that it is integrating blockchain technology developed by Hyperledger, an open source blockchain project under the Linux Foundation, to let merchants design customized offers for AmEx …

AI-Based Youtube Bitcoin Explainer Trained By Real BTC Guides Gets It All Wrong

An AI compilation published on Youtube Tuesday that used pre-existing Bitcoin (BTC) explainers to come up with its own “basic stage training” on Bitcoin has resulted in almost complete nonsense, Mashable reports May 22. Created by Botnik Studios, which describes itself on Twitter as a “human-machine creative force,” the Youtube video is a voice over …

8 Years Later – Where Can You Buy Pizza With Bitcoin?

Bitcoin Pizza Day is celebrated annually by the Bitcoin and cryptocurrency community – marking an important, yet comical milestone for the virtual currency. 8 years ago, a user paid for two pizzas using Bitcoin, in what is hailed as the first ever instance that the cryptocurrency was used to pay for goods. The moment is …

Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Several major global banks have successfully completed a cross-border payment pilot test using Thai bank Krungsri’s (Bank of Ayudhya) Blockchain Interledger, according to a press release May 22. The pilot, conducted in the Bank of Thailand’s (BOT) regulatory sandbox, was executed by Japan’s Mitsubishi Group, their banking unit MUFG Bank, and the Standard Chartered Singapore …

Bitcoin Cash Could Go Up Following More Use Cases

Brian Kelly, the founder and CEO of BKCM LLC, an investment company focused on cryptocurrencies, came out bullish on Bitcoin Cash (BCH) on CNBC May 21. On Saturday, BCH miners reportedly had a meeting dedicated to funding for a BCH development fund. Miners are looking to allocate some part of the reward they receive from …

National Government Digital Currencies Versus Globally Distributed Cryptocurrencies: in Depth

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. As society starts to move away from cash, central banks’ potential to reap profits off issuing that cash could be threatened. Many governments are worried about the mass adoption of cryptocurrencies and hence are …

Tether Mints $250 Mln of New USDT Tokens, Rekindles Controversy

The controversial stablecoin Tether generated $250 million worth of new USDT tokens on May 18, according to Omni Explorer. Tether is the company that issues the so-called stablecoins USDT, which it claims are backed at 1:1 ratio by US dollars. Tether has been criticized for its lack of transparency after it broke ties with auditing …