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MGT Capital Enters into Agreement to Relocate Swedish Bitcoin Miners to Colorado

MGT Capital announced that it entered into a hosting agreement for a facility in Colorado Springs, CO to support its Bitcoin mining operations. As previously disclosed, the Company has been analyzing various options to relocate its approximately 6,300 S9 Antminer Bitcoin Miners presently housed...

Bakkt Could Get Regulatory Green-Light for its Bitcoin Futures as Soon as Next Week

Intercontinental Exchange's Bakkt could get the green-light to launch its bitcoin futures product as soon as next week, according to a source with direct knowledge of the situation. Bakkt, the cryptocurrency platform, in recent weeks has been meeting frequently with regulators from the Commodities Futures...

Sony Develops Cryptocurrency Hardware Wallet Technology Using IC Cards

Sony Computer Science Laboratories, Inc. has developed a contactless IC card type cryptocurrency “hardware wallet technology *1 ” by utilizing Sony Corporation’s IC card technology. Currently, many cryptocurrency users are trading cryptocurrencies using online wallets *2 from the locations where they initially purchased their cryptocurrencies....

Alibaba Wins preliminary Trademark Injunction Against Cryptocurrency Alibabacoin

Chinese e-commerce giant Alibaba Group Holding Limited has won a preliminary injunction against cryptocurrency firm Alibabacoin Foundation. The legal victory centers on the use of the company’s name, or likeness, purportedly to promote the foundation’s similarly named virtual currency, according to Oct. 22 court documents...

New York State Department of Financial Services Approves Coinbase Trust to Offer Crypto Custody Services

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company. Coinbase Inc....

Taiwan Financial Supervisory Commission Says it is Drafting ICO Regulations

The Financial Supervisory Commission (FSC) is drawing up national standards for initial coin offerings (ICOs) to make virtual tokens as easy to invest in as stocks and just as liquid, FSC Chairman Wellington Koo said yesterday. The draft is to be completed by June next...