Funding Platform SeriesOne Partners With Polymath to Use Its Security Token Protocol

United States-based crowdfunding platform SeriesOne has partnered with security token protocol platform Polymath, according to a press release published on March 19. The new partnership intends to create a digital securities offering ecosystem via the SeriesOne platform. According to the press release, the partnership between SeriesOne and Polymath will let token issuers create and manage regulatory-compliant security tokens from the initial offering stage to trading on a secondary exchange. SeriesOne CEO Michael Mildenberger expressed confidence that Polymath’s security token protocol, ST-20, is set to improve the process of raising capital…

Digital Asset Holdings Gets Permanent CEO 3 Months After Blythe Masters Leaves

United States distributed ledger technology (DLT) provider Digital Asset Holdings has appointed a new permanent CEO after Blythe Masters quit the post last year, the company confirmed in a press release on March 19. Digital Asset, which Masters began running in 2015, specializes in building DLT-based solutions for various financial entities. Founded in 2014, the company remained with a temporary CEO — chairman of the firm’s board, AG Gangadhar — for three months after Masters confirmed her departure in December. Now, the slot will be filled by Yuval Rooz, Digital…

Report From Former CFTC Chairman Calls for Advanced Crypto Regulations

A recent report published for the Brookings Institution is calling for enhanced regulations on cryptocurrencies. The report was authored by Harvard University fellow Timothy Massad, who served as chairman of the United States Commodity Futures Trading Commission (CFTC) during the administration of Pres. Barack Obama. The report dubbed “It’s time to strengthen the regulation of crypto-assets” addresses the purported need for better regulation on digital currencies, the illicit use of cryptocurrencies, as well as measures for reducing the risk of cyber attacks. The report also provides direct recommendations of how…

Sats Back: How the Ebates of Bitcoin Plans to Convert Holders to Spenders

“The biggest problem I could think of was distribution. How do you share and educate both consumers and merchants on the power of bitcoin? I learned how much consumers loved earning and why merchants make decisions to adopt new technology.” Given his experience as an e-commerce professional, Alex Adelman, co-founder and CEO of Lolli, should know. After graduating from the University of North Carolina at Chapel Hill in 2011, the entrepreneur started Cosmic, an e-commerce gateway “with the idea to democratize commerce, allowing anyone to buy anything anywhere,” he told…

Bitcoin News Summary – March 18, 2019

Here’s what happened this week in Bitcoin in 99 seconds.    Some disappointing news came out when Samsung revealed that the hardware wallet on their newly-released S10 phone will only support Ethereum, ERC20 tokens, and four dApps. It appears that Samsung will upgrade the wallet to also support Bitcoin and further altcoins in the future. Chinese ASIC producer, Canaan Creative, has raised several hundred million Dollars in funding. The firm’s valuation is now placed at over $1 billion. Although details are scarce, it is assumed the majority of the…

Karpeles Beats Embezzlement Charges in Mt Gox Ruling

The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust. Per reports in the Wall Street Journal, the court’s verdict is a massive blow to Japanese prosecutors who have maintained their stance that Karpeles was guilty of embezzlement and breach of trust at Mt. Gox. The sentence, which was carried out on March 15, will see him serve a suspended sentence of two-and-half years in prison.…

IBM Hints at Entering the Stablecoin Arena

Jesse Lund, head of blockchain solutions at IBM, has just hinted that the tech company has plans to explore stablecoins in an interview with Cheddar yesterday. Lund did not disclose when this venture may debut but said it would be on its World-Wire platform. IBM and Stablecoins IBM began its venture with Stellar in late-2017 and finalized most of its plans in mid-2018. Stellar is an open-sourced, decentralized protocol that focuses on transfers between fiat currency and digital currency. Lund told Cheddar that US banks are “very interested” in using stablecoins to…

MIT Bitcoin: Legislators Discuss Regulation, Potential of Blockchain Tech

On March 9–10, 2019, the Massachusetts Institute of Technology hosted a two-day event, the MIT Bitcoin Expo 2019. Put together by the student-organized MIT Bitcoin Club, the conference welcomed more than just Bitcoin voices from every corner of the industry. One of those voices was that of U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce. Peirce sat down with Gary Gensler, ex-chairman of the Commodity Futures Trading Commission, senior lecturer at the MIT Sloan School of Management and senior advisor to the director of the MIT Media Lab, to…

Blockstream’s Satellite Messaging API Is Now Available on Mainnet

Blockstream has launched its satellite messaging application programming interface (API) on mainnet. Essentially, this means users can now broadcast data via the company’s satellite network and pay with Lightning payments. No Internet? No Problem Blockstream’s satellite service was established with the aim of replacing the Bitcoin network’s dependence on land-based internet connections with actual satellites, thereby putting the network within reach of the world’s population. According to the blockchain-based startup, the satellite network makes 24-hour broadcasts of the Bitcoin network all over the world, ensuring that the blockchain is protected…

Jack Dorsey, Bitcoin Evangelist, Speaks About Square in Recent Podcast

Twitter founder Jack Dorsey has earned himself the title of ‘Bitcoin Evangelist’—such is his advocation for digital assets. His support of Bitcoin has been consistent and unwavering. Dorsey, as a successful businessman, is hard to ignore. His support for the leading cryptocurrency spurs on Bitcoin bulls and those who love a strong voice supporting their views. Jack Dorsey’s Square The entrepreneur recently participated in a podcast called “Tales from the Crypt” where he spoke about buying Bitcoin. Interestingly, he told how he “maximizes the $10,000 Bitcoin purchase limit on Square Cash…