Tag Archives: World

Jack Dorsey, chief executive of Twitter and payment company Square, has spoken of his strong belief in the future potential of bitcoin. In an interview with The Times published Wednesday, Dorsey, himself a noted bitcoin investor, said he believes the cryptocurrency will take over the U.S. dollar’s dominant place in world finance …

Digital payment processor Payza has been charged by the U.S. government with running an unlicensed money services business. One of the founders of the firm, Ferhan Patel, has been arrested, while his brother, co-founder Firoz Patel, remains at large. On Tuesday, the Department of Justice unveiled the charges and accused …

The U.S. Treasury Department may start publishing cryptocurrency wallet addresses along with the names of people and organizations with whom it forbids citizens from doing business. In a March 19 update to its FAQ on sanctions compliance, the department’s Office of Foreign Assets Control notes that cryptocurrencies are treated the same as …

Japanese multinational Fujitsu, one of the world’s largest IT services companies, has launched a Brussels-based Blockchain Innovation Center. The company announced the initiative on Wednesday, noting that its primary objective will be to facilitate research on blockchain technology and to develop projects in collaboration with private and public sector organizations. “The center …

During the G20 summit, the Spanish Minister of Economy, Industry and Competitiveness, Román Escolano Olivares, revealed that he doesn’t see cryptocurrencies as a threat to the global financial system and that the European Union (EU) may not wait for a globally coordinated effort to regulate cryptos. Speaking on the sidelines …

Hardware wallet Ledger Nano S had a break in – teenage security expert, Saleem Rashid, found an issue with the “tamper-free” wallet. The story began on Nov. 2017, when Rashid reported a flaw to Ledger CTO, Nicolas Bacca, which could allow attackers to steal funds from wallet users. Rashid had observed that the …

The American Bar Association (ABA) Section of Taxation has formally asked the US Internal Revenue Service (IRS) to create a safe harbor for investment gains realized from cryptocurrency hard forks. In the letter, which was drafted by Section Chair Karen Hawkins, the ABA noted that several major developments have occurred in …