Christine Lagarde of International Monetary Fund Touches on Potential of Crypto, FinTech and Blockchain

Christine Lagarde the Managing Director of the International Monetary Fund (IMF) said a few hours ago that the presence of technology giants using Big Data and AI could eventually disrupt the financial system. Virtual currencies and blockchain technology are helping new individuals have access to the financial market. Christine Lagarde Talked About Fintech Potential Financial technology has…

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Overstock’s Medici Acquires Stake in Blockchain Banking Startup

Overstock’s Medici Acquires Stake in Blockchain Banking Startup

Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus. Announcing the news on Monday, Overstock said Bankorus’ blockchain platform allows individuals and institutions to “securely” buy, sell, store and lend digital assets. “The addition of Bankorus to Medici Ventures’ portfolio of companies will further…

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Wyo. bill would extend property rights to cryptocurrency

Wyo. bill would extend property rights to cryptocurrency

Wyoming could soon become the first state to establish property rights for owners of cryptocurrency and other “virtual assets” under commercial law. Senate File 125 would clarify the legal status of digital money, such as bitcoin, in Wyoming and create a framework for banks to hold these assets in trusts. It’s one of a handful…

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Japan's SBI Group Invests $15 Million in Crypto Cold Storage Solution Firm, Tangem

Japan’s SBI Group Invests $15 Million in Crypto Cold Storage Solution Firm, Tangem

Japanese financial giant, SBI Group invests in Tangem, a Switzerland-based hardware wallet manufacturer. SBI Group has previously invested in CoolBitX and Sepior, both of which are cryptocurrency-related solutions providers. SBI Group, a Tokyo-based financial services firm that launched (last year) the first bank-owned digital currency exchange in Japan, has invested $15 million in Tangem, a Switzerland-based…

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