Financial institutions know how to calculate the risk of serving traditional businesses. But for firms touching cryptocurrency, the math is still fuzzy. The assumption of added regulatory hurdles and money-laundering fears have led to a widespread problem: Your average bank would rather just not deal with it.Continue reading “PayPal Joins $4.2M Round for Crypto Banking Compliance Startup”
- The research arm of payment card giant Visa has published a paper describing the development of LucidiTEE, a blockchain system for orchestrating sensitive data among multiple parties.
- For example, the paper outlines a system that would allow banks and fintech applications to share data without relying on intermediary data aggregators.
- While Europe has relied on legislation like GDPR to set standards for securely sharing customer data, US banks had to develop agreements with data aggregators.
Messaging app firm Telegram has made a new plea to a U.S. court to drop an action brought by the Securities and Exchange Commission (SEC) alleging its yet-to-be launched token is a security.Continue reading “Telegram Refutes All SEC Allegations, Asks Court to Dismiss in New Filing”
New Tools Make it Easier for Developers to Build Applications on TRON Blockchain
TRON, one of the most popular blockchains in the world, today announced that TRON blockchain is now integrated with Samsung Blockchain Keystore. The announcement comes as TRON Founder Justin Sun prepares to make an appearance at the Samsung Developer Conference (SDC19) this week. The Samsung Blockchain Keystore, launched in March 2019, puts consumers in control of their data by providing a platform to consolidate and easily manage private information and digital keys.Continue reading “TRON Now Available in Samsung Blockchain Keystore”
Accounting and business consulting firm Armanino launched a new blockchain-based tool Wednesday promising firm-originated financial audits in seconds. Called TrustExplorer 2.0, the product is one of several promising to overturn how accounting is done within companies.Continue reading “New Blockchain Tool Promises Verifiable Audits in 30 Seconds”