Sony’s Car Points to a Future of Machine-to-Machine Crypto Payments

Sony’s Car Points to a Future of Machine-to-Machine Crypto Payments 1  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

Sony announced a car – a real, physical vehicle with wheels and seats – at CES 2020 and everyone is losing their minds. Obviously, this car, called the Vision-S, is a prototype and you probably won’t be going down to Best Buy to pick up some USB-C cables and a new Sony whip. But the simple fact remains that an electronics and software company is moving into real-world mobility. “This prototype embodies our contribution to the future of mobility and contains a variety of Sony’s technologies,” said Sony CEO Kenichiro…

Blockchain Vendor R3 Scores Its Second Patent in a Week

Blockchain Vendor R3 Scores Its Second Patent in a Week 2  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

Enterprise software vendor R3 has won a patent for a blockchain-based record system designed to make corporate information-sharing more efficient. Awarded Tuesday by the U.S. Patent and Trademark Office, the patent describes a “system and method for managing transactions in dynamic digital documents” that would provide companies with a shared distributed ledger to supply relevant parties with the same immutable data record. The award comes just over a week after R3 received another patent, that one for a new decentralized payments system that doesn’t have to use a blockchain. Awarded…

CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi

CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi 3  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the New York Southern District Court. More precisely, the regulator filed for the service of process on Reynolds by publication on The Daily Telegraph and extending for sixty days the time limit by which the service must be effected on him and his firm. A major Bitcoin…

Digital Currencies Won’t Replace US Dollar Any Time Soon: IMF Chief Economist

Digital Currencies Won't Replace US Dollar Any Time Soon: IMF Chief Economist 4  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

The chief economist at the International Monetary Fund (IMF) has said digital currencies are not about to challenge the U.S. dollar’s pivotal role in global trade. In an op-ed for the Financial Times on Tuesday, Gita Gopinath, who took over as the IMF’s chief economist in January 2019, wrote that although cryptocurrencies represented “intriguing possibilities,” they lack the infrastructure and global acceptance needed to supplant the dollar as the preeminent global reserve currency. “Advances in payment technologies do not address fundamental issues of what it takes to be a global…

Law Enforcement Data Requests Rose by Almost 50% in 2019, Says Kraken

Law Enforcement Data Requests Rose by Almost 50% in 2019, Says Kraken 5  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

Cryptocurrency exchange Kraken has said the cost of responding to law enforcement requests for user data is rising sharply year on year. In a tweet on Tuesday, the firm posted an infographic teasing its new 2019 Transparency Report, indicating it had received 710 information requests in total – 49 percent more than in 2018. Last year, the exchange received 475 requests and just 160 were dealt with in 2017. The country issuing most requests in 2019 was the U.S. with 432 (almost 61 percent of the total). The FBI issues…

Store of Value Remains Crypto’s Best Use Case

Store of Value Remains Crypto’s Best Use Case 6  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ryan Zurrer is founder of Dialectic, a Swiss-based crypto-asset firm focused on on-chain opportunities. Previously, he led investments at Polychain Capital and served as chief commercial officer at the Web3 Foundation. Store of value was the most viable and desirable use case across crypto in 2019 and offers a basis to increase users in the second decade of crypto. Collateral-backed crypto-assets and alternative stores…