Business News

Russian Central Bank to Consider Gold-Backed Cryptocurrency

| Daniel Palmer

The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.

Japan Scrutinizing Crypto Exchanges Ahead of G20 Summit

| Yogita Khatri

Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June's G20 meeting.

Coinstar Expands Bitcoin Buying Service to Cover 21 US States

| Yogita Khatri

Kiosk network Coinstar has expanded its bitcoin-buying service, adding around 100 new outlets and growing U.S. coverage to 21 states.

State Street headquarters

State Street’s Blockchain Lead Departs to Build Data Privacy Startup

| Ian Allison

Moiz Kohari, State Street's global chief technology architect, has left to build a new data privacy startup.

Switzerland’s SIX Stock Exchange Is Working on a Swiss Franc Stablecoin

| Ian Allison

SIX, the Swiss national stock exchange group, is working on creating its own stablecoin pegged to the Swiss franc.

marbles, bag

EU Authorities Shut Down Bitcoin Transaction Mixer

| Stan Higgins

A bitcoin transaction mixer has been seized and shut down by authorities in the European Union.

Coinbase Now Lets Merchants Accept Payments in USDC Stablecoin

| Yogita Khatri

Coinbase Commerce, the crypto exchange's merchants payments offering, has added support for dollar-pegged stablecoin USD Coin.

Israeli Court Rules Bitcoin Is an Asset in Feud Over Tax Payment

| Yogita Khatri

An Israeli court has ruled against an investor in declaring bitcoin is an asset and not a currency, and thus subject to capital gains tax.

Russia’s Central Depository to Launch Security Token Blockchain Next Month

| Ian Allison

Russia’s National Settlement Depository will launch its long-awaited digital asset ledger next month – 5,000 kilometers away from its Moscow HQ.

Crypto Lending Startup BlockFi Slashing Interest Rates on Ether Deposits

| Yogita Khatri

BlockFi is almost halving the interest rate it offers on ether deposits from June 1, while the rate on larger bitcoin deposits will go up slightly.