A bill introduced to the California legislature aims to bring virtual currency businesses more clearly under the state’s Money Transmission Act. Penned by Assemblymember Matt Dababneh, chairman of the state’s Banking and Finance Committee, AB-1326 would prohibit virtual currency businesses from operating unless they are licensed by the Department of Business Oversight (DBO) or have […]

A slew of services have emerged in recent months that allow bitcoin enthusiasts the ability to use bitcoin and other digital currencies to create tradeable assets. Though mostly used by curious technologists today, platforms like Counterparty and NXT allow users to create a set supply of digital assets, tokens that could then be sold to […]

A security technology startup is aiming to grab a share of the growing mobile payments market through a blend of hardware-isolated security and bitcoin. Rivetz develops software that, when released later this year, intends to leverage secure hardware environments embedded in Android-enabled smartphones to manage private keys for mobile bitcoin wallets. The company has partnered with several companies including mobile […]

Wallet numbers are “BS” as a way of measuring bitcoin adoption, according to Jeremy Allaire, founder of Circle, the bitcoin buying and storage firm pitched at consumers. Bitcoin wallets can be easily generated by automated means and for myriad reasons, so their numbers are a poor estimate of bitcoin’s popularity, Allaire said during a panel […]

Digital currencies are increasingly serving as a money laundering platform for “freelance criminal entrepreneurs operating on a crime-as-a-service business model”, according to a new Europol report. The EU’s law enforcement agency said that the decline of traditional hierarchical criminal networks will be accompanied by the emergence of individual criminal entrepreneurs, who come together on a project […]