Business News

R3’s Former Chief Sales Officer Joins Blockchain Startup AlphaPoint

| Anna Baydakova

Scott Grayson, former chief sales officer at R3, has joined blockchain services provider AlphaPoint as SVP for institutional sales.

ING Bank, R3 Ink Deal for ‘Unlimited’ Corda Blockchain Deployment

| Yogita Khatri

Dutch banking group ING has inked a five-year licensing deal with blockchain consortium startup R3 to use its Corda Enterprise platform.

Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study

| Yogita Khatri

The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study.

Coinbase Adds Cross-Border Wire Transfers for Whales in Europe and Asia

| Nikhilesh De

Coinbase has launched cross-border wire transfers and expanded custody services for institutional customers in Asia, the U.K. and Europe.

Dutch Financial Authorities Plan Licensing Scheme for Crypto Exchanges

| Yogita Khatri

Financial authorities in the Netherlands plan a licensing scheme for crypto exchanges and wallet providers to lower the risk of financial crimes.

Crypto CEO Sentenced to 3-Year Jail Term for Faking Trading Volume

| Daniel Palmer

Two execs from South Korean crypto exchange Komid have been given jail time for faking trading volume and deceiving investors.

Wyoming Bill Would Clear the Way for Crypto Custody at Banks

| Nikhilesh De

Wyoming legislators have introduced a bill to classify digital assets as property and provide banks with clarity on crypto custodial services.

Coinbase Hires New Compliance Chief for UK Operations

| Yogita Khatri

U.S.-based crypto exchange Coinbase has hired a new U.K. head of compliance with three decades of experience in the industry.

Japan’s SBI Invests $15 Million In Crypto Card Wallet Maker Tangem

| Yogita Khatri

Japanese financial services giant SBI Group has invested $15 million in slimline cold wallet provider Tangem.

Oceans Apart: Crypto Regulation in the US and EU

| Noelle Acheson

The differences between U.S. and EU approaches to crypto asset regulation are even more complicated than they appear, writes Noelle Acheson.