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NYDFS Issues Second BitLicense to Ripple Labs

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BitLicense was granted after a thorough study of Ripple’s standards by New York Financial Watchdog. The New York State Department of Financial Services (NYDFS) has issued its second virtual currency license, known as BitLicense. This time NYDFS made a thorough review and approved of the application of Ripple Labs’ affiliate, XRP II, LLC. The regulators

Santander Invests in Ripple as Startup Releases Interledger Protocol

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Ripple has got several millions of investment from Santander and came up with a new protocol designed to increase transactions efficiency. Ripple Labs, a San Francisco-based bitcoin-oriented startup, has unveiled a newly-developed payment technology bearing the name of Interledger. With this invention banks get a possibility to transact with the same speed and profitability as

Colored Coins Startup Colu Announces Partnership with Deloitte

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Coloured coins startup Colu teamed up with the consulting company Deloitte to bring the blockchain technology to the new markets. The Israeli coloured coins startup Colu has signed an agreement with the US-based consulting and financial advisory services provider Deloitte. The partnership is expected to boost the use of the blockchain technology in different sectors.

Tokyo-Mitsubishi UFJ Bank Develops Own Digital Currency

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The cryptocurrency called MUFG coin will reduce managerial costs and transaction fees. The Tokyo-Mitsubishi UFJ Bank (MUFG), the largest bank in Japan, is going to develop its own cryptocurrency as part of its blockchain research. The project bearing the name “MUFG coin” was launched last autumn. The new digital currency relies on a P2P system

Cryptocurrency Exchange HitBTC Announces Support for Zcash

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One of the major cryptocurrency exchanges HitBTC has expanded the list of currencies traded on its platform by adding a new digital currency called Zcash. HitBTC has officially announced the launch of Zcash on October 28, 2016 in the company’s blog post. The opening of ZEC/BTC market is a part of HitBTC strategy to support

Bank of England Develops Bitcoin Alternative RSCoin

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RSCoin, developed in cooperation with two researchers from the University College of London, allows central banks maintaining complete control over monetary supply while providing strong transparency and auditability guarantees. Financial institutions all over the world are working to adopt the blockchain while central banks are thinking ahead and come up with own cryptocurrencies developed on

Canadian Senate Calls for ‘Hands-Off’ Approach To Regulate Bitcoin

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On Friday, a Senate committee in Canada advised the government to “tread carefully” in regulating Bitcoin and other digital currencies. The Senate committee called for the Canada Revenue Agency and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) “to prepare for the growing use of such virtual currencies,” reads The Economic Times. “We’ve heard, and we

‘Thank You, BitLicense’: ShapeShift Suspends New York Service

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BitLicense makes ShapeShift suspend its service in the New York area to take a “moral and ethical stand” against a new state law regulating. On Thursday, ShapeShift announced that it is going to stop its service in New York state because it does not wish to comply with the recently issued BitLicense. ShapeShift.io is a well-known digital currency exchange

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