Berkeley City Council Moves Ahead With Pilot Program For Issuing City Bonds On Blockchain

The city of Berkeley, California has moved forward with an initiative to apply blockchain technology to public financing to raise funds for community projects, Bloomberg reports May 2. Last night the Berkeley city council unanimously voted to ask the city manager to consider a pilot program that proposes selling municipal bonds using blockchain technology. The …

Firm To Map Out Manufacturing Capacity Worldwide With New Blockchain-based Ecosystem

A Blockchain-based company is launching a peer-to-peer network connecting clients with manufacturers of all sizes – preventing bottlenecks in production by mapping out manufacturing capacities around the world. Productivist says its platform is an “open, global and free alternative” to the relocations and heavy investments that many firms and individuals in the manufacturing sector are …

Some Crypto Exchanges Will Be Required To Hand Over Customer Data, Report Says

A crypto-related decree in Belarus will be updated to require certain crypto exchanges to provide customer data to authorities, local news outlet Forklog reports today, May 1. Belarus’ Decree on the Development of Digital Economy is being revised to include a requirement for crypto exchanges based in the country’s High-Tech Park (HTP) to provide identifying …

Hong Kong Gov’t Report Says Bitcoin Poses ‘Medium-Low’ Risk In Financial Crime

The Hong Kong Financial Services and Treasury (FSTB) released a report yesterday, April 30, on the status of money laundering (ML) and terrorism financing (TF). The report concluded that virtual currencies (VC), like Bitcoin (BTC), are not particularly involved in either type of financial crime. The FSTB notes that “although there is inherent ML/TF vulnerability …

US Federal Trade Commission To Offer Free Workshop On Crypto Scams

The US Federal Trade Commission (FTC) will be holding a free workshop this summer titled “Decrypting Cryptocurrency Scams” according to a press release published today, April 30. The workshop’s main aim is to educate the public about risks in the crypto sphere. The event will include consumer groups, law enforcement, research organizations, and the private …

Binance Signs Agreement With Bermuda Gov’t On $15 Mln Investment, Jobs

Premier and Minister of Finance of Bermuda David Burt signed a memorandum of understanding (MOU) with Binance Group on Friday, Bernews reports April 27. The MOU establishes funding for educational programs related to fintech and blockchain startups. Burt signed the MOU with Changpeng Zhao, founder and CEO of the world’s world’s world’s second largest cryptocurrency …

Consulting Firm Predicts Ethereum Could Reach $2,500 By The End Of 2018

Independent financial consulting company deVere Group, which provides investment and wealth management services, has predicted that the price of Ethereum (ETH) could hit $2,500 by the end of the year, MarketWatch reported April 27. The financial consultancy firm said that the second largest cryptocurrency could see a significant rise, predicting its fourfold increase thanks to …