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Thursday Jun 21st 2018
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Tim Prentiss

Writer, ETHNews | tprentiss@ethnews.com

Tim Prentiss is a writer and editor for ETHNews. He has a master’s degree in journalism from the University of Nevada, Reno. He lives in Reno with his daughter. In his spare time he writes songs and disassembles perfectly good electronic devices.
NEWS
application

Brazilian Financial Regulators Announce Blockchain-Based Information Sharing System

Jun 20th, 2018
Tim Prentiss
The Central Bank of Brazil and other financial regulators will begin using a blockchain platform for sharing information regarding the authorization of financial institutions.
NEWS
ecosystem

EOS Freezes Accounts Shortly After Mainnet Launch

Jun 19th, 2018
Tim Prentiss
On the heels of the chaotic rollout of the EOS mainnet, EOS block producers have frozen seven accounts that were compromised through a phishing scam, leading to a constitutional crisis for the EOS government.
NEWS
wallets and exchanges

Japan’s Virtual Currency Exchange Association Set To Vote On New Voluntary Rules

Jun 19th, 2018
Tim Prentiss
An association of 16 cryptocurrency exchanges is working on a draft of self-imposed rules in a continuing attempt to secure the industry following the Coincheck hack. The vote on these rules is set for June 27.
NEWS
business and finance

Crypto Fund AG Obtains Swiss Financial Services License

Jun 19th, 2018
Tim Prentiss
Crypto Fund AG, a subsidiary of Crypto Finance AG, obtained a license from Swiss regulators FINMA to distribute funds.
NEWS
business and finance

Jack Dorsey's Square Obtains NY BitLicense

Jun 18th, 2018
Tim Prentiss
The online payment processing company Square has been issued a license by the New York State Department of Financial Services, becoming the seventh company to obtain a BitLicense.
NEWS
law and legislation

My Big Coin Case Could Decide Regulatory Authority Of CFTC

Jun 15th, 2018
Tim Prentiss
Hearings began Thursday in the case against My Big Coin, the cryptocurrency company that the CFTC has accused of defrauding investors of $6 million. But the attorneys for My Big Coin claim the CFTC has no authority to regulate the cryptocurrency company.
NEWS
business and finance

New York Approves Bitcoin Wallet Company Xapo’s BitLicense

Jun 14th, 2018
Tim Prentiss
Today the New York Department of Financial Services announced it has granted a BitLicense to Xapo and authorized settlement platform Paxos to expand the scope of its services.
NEWS
law and legislation

[UPDATED] Michigan Introduces Bills Adding Cryptocurrency And Distributed Ledgers To Criminal Statutes

Jun 13th, 2018
Tim Prentiss
On Tuesday, three bills were introduced in the Michigan legislature that provide legal definitions of cryptocurrency and distributed ledgers. Unlike earlier state laws that have attempted to address these new technologies, Michigan is considering amending its criminal code.
NEWS
ecosystem

EOS Launches Without Getting Off The Ground

Jun 13th, 2018
Tim Prentiss
The EOS mainnet launched last week but the project is stalled. The EOS community has been unable to select the 21 block producers required for the project to move ahead.
NEWS
world

EU Blockchain Observatory And Forum Solicits Questions For AMA

Jun 12th, 2018
Tim Prentiss
The EU blockchain organization is currently inviting questions from the public for a live YouTube AMA to be held on June 18.
NEWS
law and legislation

Connecticut’s Blockchain Working Group Bill Signed By Governor

Jun 8th, 2018
Tim Prentiss
Connecticut will create a taskforce to determine how the state can grow and benefit from blockchain technology.
NEWS
wallets and exchanges

FSHO First Cryptocurrency Exchange To Be Rejected By Japan’s Financial Services Agency

Jun 7th, 2018
Tim Prentiss
Following greater scrutiny of cryptocurrency exchanges since the beginning of the year, the FSA has now issued its first denial of registration to the exchange FSHO.
NEWS
cryptocurrencies and tokens

New York Considers Law That Would Create Local Cryptocurrencies

Jun 6th, 2018
Tim Prentiss
A new bill in New York would create a pilot program enabling up to ten of the state’s communities to create their own cryptocurrencies. The program is an effort to keep money from leaving local economies.
NEWS
wallets and exchanges

Coinbase Crypto Exchange Announces Launch Of Japan Office

Jun 6th, 2018
Tim Prentiss
On Monday, Coinbase announced it will be opening a new office in Japan in order to advance mass adoption of cryptocurrency.
NEWS
world

SEC’s Valerie Szczepanik Assigned To New Digital Assets Advisory Position

Jun 5th, 2018
Tim Prentiss
On Monday, the SEC announced the appointment of Valerie Szczepanik to a newly created position in the corporate finance division at the SEC.
NEWS
wallets and exchanges

Japanese Bank SBI Announces Opening Of Cryptocurrency Exchange VCTRADE

Jun 4th, 2018
Tim Prentiss
SBI continues to take cryptocurrency seriously, becoming the first Japanese bank to create its own cryptocurrency exchange. The exchange will initially only offer XPR, the currency of its collaborator, Ripple.
NEWS
law and legislation

Illinois Bill Regulating Blockchains Dies In Committee

Jun 4th, 2018
Tim Prentiss
Illinois House Bill 5553 missed a committee deadline. The bill would have specified what restrictions could or could not be placed on blockchains, and would have prohibited local governments from taxing them.
NEWS
law and legislation

New York Legislature Proposes Establishment Of Digital Currency Taskforce

Jun 1st, 2018
Tim Prentiss
The New York legislature is considering a bill that would establish a taskforce to study and make recommendations regarding crypto and other digital currencies. This action follows the New York Attorney General creating the Virtual Markets Integrity Initiative and a slow rollout of the BitLicense.
NEWS
application

Brookings Institution Fellows Encourage Use Of Blockchain Voting

May 31st, 2018
Tim Prentiss
Following a pilot program in West Virginia, the Brookings Institution has released an article encouraging states to expand the use of blockchain technology in elections.
NEWS
law and legislation

New York And Ohio Consider Bills To Clarify The Legal Status Of Blockchains

May 30th, 2018
Tim Prentiss
New York legislature considers a bill to give legal definition to blockchains a week after Ohio makes a similar move.