Several leading bitcoin and blockchain companies have gotten together to take their message to Washington D.C. in a newly created lobby group called the Blockchain Association. The new group comes as cryptocurrencies are in a swoon, with prices down overall about 80 percent from a January high, at least judging from the MVIS CryptoCompare Digital ...

A federal court judge in New York today ruled that fraudulent initial coin offerings are covered by securities law, the first ruling of its kind and one that opens the door to mass prosecutions of scam ICOs. The ruling, from District Judge Raymond Dearie, came in a case between the U.S. Securities and Exchange Commission ...

The next generation of mobile data networks is coming to the U.S. as both AT&T Inc. and Verizon Communications Inc. today announced plans to launch services later this year. Earlier in the year, AT&T had announced plans to bring 5G to a number of cities, including Atlanta; Dallas and Waco, Texas; Charlotte and Raleigh, North ...

PingCAP Inc., the company behind the cloud-native NewSQL database TiDB, today said it has raised $50 million in new funding to expand the TiDB ecosystem globally, build cross-cloud product offerings and further develop its core technology. The Series C round was led by FOSUN and Morningside Venture Capital, with previous investors China Growth Capital, Yunqi Partners and Matrix ...

After a string of bad news around financial products and institutional support for cryptocurrencies, there’s finally some good news: a new financial product reportedly being designed by Citigroup Inc. that allows people to invest in cryptocurrencies without owning them. According to Business Insider but not yet officially announced, Citi has developed a “digital asset receipt” that ...

Cryptographic ledger systems startup Chain Inc. has been acquired by Lightyear Corp., the commercial arm of the Stellar Development Foundation, the organization behind the Lumens cryptocurrency. The price of the acquisition was not disclosed, Forbes claimed Monday that it was the equivalent of $500 million paid in Lumens. Founded in 2014, Chain builds cryptographic ledger systems that are said ...

Qualcomm Inc. wants a larger slice of the wearables market with a new chip designed to take Android watches to the next level. The Snapdragon Wear 3100, a successor to the 2100 model released in February 2016, brings to market a new architecture that Qualcomm claims is specifically designed for wearables versus previous chips that ...

The New York Department of Financial Services has approved two new stablecoins as the market to become the blockchain-based transfer token of choice heats up. Leading the announcements was the Gemini Dollar from the Gemini Trust Co. LLC digital asset exchange founded by the Winklevoss twins. The Gemini Dollar is a 1:1 U.S. dollar-linked stablecoin ...

The price of bitcoin recovered slightly Sunday after dropping to its lowest price since June, but other cryptocurrencies continue to struggle — and now the co-founder of Ethereum says that the days of massive crypto growth are over. Bitcoin along with other cryptocurrencies crashed on Sept. 5 after it was reported that Goldman Sachs Group Inc. ...

Microsoft Corp. has invited members of the press to attend an event on Oct. 2 in what’s predicted to be an unveiling of new Surface products along with the possibility of new cloud services. The event, teased only with the statement “a moment of your time,” should see Microsoft reveal an updated version of the ...