Crypto security startup BitGo has received approval in the U.S. to act as a qualified custodian for digital assets. The company, which has spent most of 2018 attempting to launch a regulated custodian entity, announced that the BitGo Trust had been approved by the South Dakota Division of Banking on Thursday, meaning it can now offer…

Three years ago, Microsoft Azure was the first to bring blockchain to the cloud. Now it’s connecting the technology to just about everything else. The software giant has quietly been building bridges between its blockchain services and other, widely used infrastructure and platforms, such as Office 365 Outlook, SharePoint Online, Salesforce, Dynamics 365 CRM Online, SAP,…

It seems iPhone users won’t have access to the crypto collectible craze anytime soon. The news comes after forthcoming video game War Riders was featured on the Coinbase Wallet iOS app and then quickly withdrawn. In War Riders, players drive around an apocalyptic wasteland, building up armies of vehicles – vehicles represented by non-fungible tokens,…

Blockchain and AI technology company Seven Stars Cloud Group has scored a major deal to help raise $24 billion to fund large-scale electric bus upgrades for China’s biggest full-service operator. According to a press release published Monday, under an exclusive contract made with the National Transportation Capacity Co Ltd (NTS), Seven Stars Cloud will issue fixed income…

A bomb threat was sent to a Norwegian cryptocurrency mining company for “sabotaging the peace” with noise this past Saturday. Kryptovault, a crypto mining firm with facilities in a number of cities in Norway, reported receiving threats after a local paper reported on its work, according to Yahoo Finance. The bomb threat said “if you are expanding crypto…

Jonathan M. Padilla is a Schwarzman Scholar at Tsinghua University where he wrote the dissertation “New Regulations for the New Economy: A Proposal for the G20 on the Regulation of Cryptocurrency,” from which this article was adapted. He has advised major e-commerce and natural resource companies on blockchain integration and has a background in government…

Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported Tuesday. Authorities are reportedly looking into Shinil Group, which claims to have found a Russian shipwreck from the early 1900s, for possible fraud charges. The company launched its own cryptocurrency, which investors bought with…

Singapore Airlines has officially launched its blockchain-based loyalty program for frequent customers. KrisPay, a digital wallet developed in partnership with KPMG and Microsoft, allows Singapore Airlines customers to turn travel miles into units of payment, which can be used with partner merchants in Singapore. Most notably, however, the newly dubbed KrisFlyer program utilizes a blockchain…

Payments giant Mastercard suffered a severe outage last week that led to a hold-up in transactions. As reported on July 12 by the Financial Times, it had a global impact, sparking a round of complaints from the payment firm’s customer base. As might be expected, those affected quickly took to social media to voice their frustration…

Cryptocurrencies will take center stage once again on Capitol Hill next week. The U.S. House of Representatives Financial Services Committee announced Thursday that it would host a hearing titled “The Future of Money: Digital Currency” on Wednesday, July 18. Though the Committee, headed by Chairman Jeb Hensarling, has yet to announce a full list of…

Europe’s largest trader of exchange-traded funds (ETFs) is now entering the crypto world. Amsterdam-based speed trader Flow Traders NV co-CEO Dennis Dijkstra told Bloomberg Thursday that his firm was expanding its trading products to exchange-traded notes (ETNs) based on bitcoin and ether. XBT Provider, a Stockholm-based firm that offers ETFs based on bitcoin and ether,…

R3 has scored another win in the insurance sector, giving the startup a wide lead over other distributed ledger technology (DLT) providers in the sector. Revealed exclusively to CoinDesk, the RiskBlock Alliance, whose members include such insurance heavyweights as Chubb, Marsh and Liberty Mutual, has decided to build its first set of use cases using R3’s…

The founder of a little-known cryptocurrency is making big waves. First leaked last week, more details emerged Tuesday on how Justin Sun, the founder of a controversial cryptocurrency project called Tron (with a market capitalization of more than $3 billion), is acquiring the file-sharing service BitTorrent for as much as $140 million. (A subsequent CoinDesk report…

Brewing giant Anheuser-Busch InBev is aiming to shake up digital advertising supply chains with the help of blockchain technology. The world’s largest brewer has launched its first ad campaigns through the Kiip mobile marketing app, which uses ethereum’s blockchain to record and track data. The goal is to monitor and, eventually, expand the reach of a…