“A new survey shows that three of the biggest reasons stalling blockchain adoption in businesses are cost, not knowing how to start, and lack of governance. Other reasons, such as users not seeing the benefits, audit/compliance demands and regulator discomfort are another big part of a slow rate of adoption.
Executive Summary CoinDesk’s Q2 2018 State of Blockchain slide deck summarizes key trends, data, and events in Q2 2018 Highlights Include: Bitcoin miner revenues fall by 22% along with average fees by 19% Bitcoin hashrate grew by 26% (fall short of the previous quarter’s 47% growth) SEC declared ether not a
The U.S. Securities and Exchange Commission (SEC) delayed a decision on a proposed rule change from the Cboe BZX Exchange that, if approved, would allow for the listing of an ETF backed by blockchain startup SolidX and investment firm VanEck. The SolidX-VanEck proposal – first put forward in June –
Launch of Bakkt, a regulated, physical Bitcoin futures contract and warehouse planned for November 2018 Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges, clearing houses, data and listings services, announced today that it plans to form a new company, Bakkt, which intends to leverage Microsoft cloud solutions to create
The Office of the Comptroller of the Currency announced on July 31 that it will begin accepting applications for special purpose national bank charters from nondepository financial technology companies (Fintechs) that are engaged in the business of banking. In its press release, the OCC asserts that “[c]ompanies that provide banking services
In July 2017, the U.S. Securities and Exchange Commission (“SEC”) published the “DAO Report” which concluded that certain tokens issued in an initial coin offering (“ICO”) were securities under the Supreme Court decision SEC v. W.J. Howey Co. The Report stated that whether an ICO is a security offering will
Know-your-customer (KYC) and anti-money-laundering (AML) practices required of young fintech and crypto startups when onboarding customers. IN 1970, the U.S. passed the Bank Secrecy Act. From then on, anyone dealing in finance was under ever-stricter orders to monitor the activity of their customers, pass details of suspicious activity to the
The U.S. Securities and Exchange Commission (SEC) has once again rejected an effort by investors Cameron and Tyler Winklevoss to list a bitcoin ETF. The move comes more than a year after the SEC turned down a rule change request from the Bats BZX Exchange that would have paved the way for the
“A vice governor of the People’s Bank of China (PBoC) has again issued strong statements against initial coin offerings (ICOs), singling out those that have moved overseas, but are still marketing to investors in China. Speaking at an internal meeting of the Internet Finance Rectification Working Group on Monday, Pan Gongsheng