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Japan’s national legislature approved a bill on Wednesday to regulate domestic digital currency exchanges. Coming nearly two years after discussion about how to regulate the technology first began, the decision comes as interest in startups leveraging bitcoin and blockchain technology is growing domestically.
Blockchain startup ShoCard has developed a proof-of-concept focused on digital identity in partnership with a major IT firm that works with the airline industry. The identity app, dubbed the SITA Digital Traveler Identity App, was formally unveiled today during the Air Transport IT Summit industry conference.
In a new blog released yesterday, Coinbase co-founder Fred Ehrsam sought to position Ethereum as a competitor to bitcoin in the digital currency industry. While he stated he continues to support both versions of public blockchain technology, he indicated he has "no allegiance" to either network.
Amid growing interest in blockchain technology among the world's biggest banks, a major Chinese financial firm has inked a new partnership with startup R3CEV. Ping An Insurance Group, with total assets in excess of $765bn, is China's first financial firm to join the group according to the statement.
The Bitcoin Foundation’s plans for a comeback are facing early skepticism after the public release of a private email from its executive director. Bitcoin Core developer Peter Todd, former board member Jim Harper and current executive director Bruce Fenton weigh in on the organization's attempt to regain relevancy.
A legal fight between bitcoin payment processor BitPay and a major insurance company has ended, court documents reveal. According to the court order signed by US District Judge Steve Jones, the two sides "have reached a settlement in principal".
Bitcoin payments firm YellowPay has shut down for undisclosed reasons according to members of its founding team. First formed in 2014, YellowPay had sought to promote bitcoin as an e-commerce solution in the Middle East.
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