Cryptocurrency News

Most of the attention, flurry and investment around blockchain technology is in the West, where people are investing in cryptocurrencies and focused on a slew of novel applications, like using a blockchain to track vegetables from the field to store shelves. But the greatest impact of blockchain technology will be in developing countries, such as Zimbabwe and Venezuela. At least, that is the view of David Crosbie, a lecturer at the University of Pennsylvania. He thinks blockchain technology w Read more...

The National Institute of Standards and Technology NIST has issued a report titled Blockchain Technology Overview. The report, intended to provide a high-level technical overview, discusses the application of blockchain technology to electronic currency in depth, and also discusses its broader applications.We want to help people understand how blockchains work so that they can appropriately and usefully apply them to technology problems, said NIST computer scientist Dylan Yaga, who is one of Read more...

Squares Cash App has been updated to allow for purchasing of up to $10,000 worth of bitcoin a week.Since making the announcement, Square has seen itsstock hasclimb nearly 3 percent.Cash App is a peer-to-peer payment system from Square that allows people to pay each other directly and quickly. This new update has been in trial mode for select users over several months and is now available to the public. Users will have access to bitcoin trading directly in the app with no additional fees being Read more...

This article originally appeared on Bitcoin Magazine. Read more...

The European Commision EC has launched the EU Blockchain Observatory and Forum BOF to consolidate and grow blockchain initiatives within the European Union EU.With the support of the European Parliament, the BOF is a pilot project proposed by Member of the European Parliament Jakob von Weizscker, who is responsible for the recent report on virtual currencies. The project is intended to support the Commissions work on financial technology. This new initiative will highlight key developments of Read more...

In a statement from the Securities Exchange Commission SEC, an emergency relief action was filed to shut down AriseBank, which it described as an outright scam.In a growing list of enforcement actions by the SEC, the complaint against AriseBank stated that the Dallas-based company had used deceptive tactics to raise what they claim was $600 million of its $1 billion goal in just two months. Co-founders Jared Rice Sr. and Stanley Ford are being charged with alleged fraud and issuing unregister Read more...