The Department of Homeland Security (DHS) found a number of security vulnerabilities in Voatz’s tech infrastructure during a cybersecurity audit of the mobile voting app vendor’s Boston headquarters, according to a newly declassified report obtained by CoinDesk.  However, the DHS report, conducted by a Hunt and Incident Response Team with the department’s Cybersecurity and Infrastructure
Judy Shelton, President Trump’s nominee to the Federal Reserve Board, told lawmakers that digitizing the U.S. dollar could help maintain the currency’s ascendancy in global commerce.  At her Senate confirmation hearing Thursday, Shelton said the U.S. needs fintech innovation to keep ahead of other countries.  “Yes, it is a dominant reserve currency but we can’t
Torus, a key-management startup offering one-click logins for decentralized apps (dapps), launched out of beta Thursday, announcing eight initial hosting partners for its Web 3.0 product. Alongside Torus itself, Binance, Ethereum Name Service (ENS), Etherscan, Matic Network, Ontology, Skale, Tendermint Core and Zilliqa will be running nodes supporting the decentralized login system. The move positions
As the bitcoin community gears up for its next likely major code upgrade, students of the cryptocurrency have an opportunity to inspect the changes themselves, with help from core developers. The weekly Bitcoin Core review club has started guiding users through the proposed Taproot/Schnorr code, designed to improve privacy and scalability and boost smart-contract usage
Federal Reserve Chairman Jerome Powell has given advocates of financial privacy a glimmer of hope – and hinted at how the U.S. might competitively position a future digitized dollar. In testimony before Congress this week, Powell was asked whether the Fed had any “visibility” into China’s progress developing a central bank digital currency (CBDC). “Yes,
The Internal Revenue Service (IRS) should – but won’t – clarify how taxes are levied on cryptocurrencies and cryptocurrency transactions in the U.S., the government’s top auditing institution said Wednesday. The Government Accountability Office (GAO), a U.S. Congress watchdog, published a report in response to a request from Rep. Kevin Brady (R-Tex.), evaluating the IRS’s
Democratic presidential candidate Andrew Yang has withdrawn from the election following a dismal showing in the New Hampshire primary Tuesday. Yang entered the race in November 2017, centering his campaign around his signature “universal basic income” proposal, which would provide a $1,000 per month income to American adult. However, as a candidate, he also created
American computer giant Dell is among 15 companies joining an IOTA working group to explore how the firm’s “Tangle” technology can be integrated into commercial solutions. IOTA and open-source software foundation, Eclipse Foundation announced Tuesday that the new Tangle EE working group will begin working on projects that can help develop viable commercial use-cases for
Blockchain payments provider BitPay is now taking its service into bricks-and-mortar stores. Through a new partnership announced Tuesday, the firm will be offering cryptocurrency payments at merchants’ point-of-sale (POS) terminals. The effort comes via BitPay’s new tie-up with open commerce platform Poynt, which the announcement says already has a network of POS devices online at
The token industry is applauding SEC Commissioner Hester Peirce’s “Safe Harbor” proposal, calling it a mature response to the 2017 ICO bubble. Announced the day before decentralized finance (DeFi) protocol 0x’s 0xpo conference last Friday in San Francisco, founders, lawyers and tokenization fanatics of all stripes said the proposal a boon for both entrepreneurs and
The ethereum network is still looking to boost transaction capacity and the startup Optimism wants to lead the charge.  Since the network’s throughput is limited to roughly 15 transactions per second, ethereum can’t become a widespread platform for automating functions, like supply chain management and loans, unless it scales. So Optimism aims to use a