Blockchain startup Sun Exchange has raised $1.6 million in new seed funding. The company drew support from a number investors, including Network Society Ventures, Kalon Venture Partners, and startup accelerators BoostVC, Techstars and Powerhouse. Back in September 2016, Sun Exchange was one of a batch of blockchain startups to join the Plug …

Building with blockchain is tough – for every problem the tech promises to solve, it seems another pops up. But if you take the advice of former JPMorgan Chase executive and Digital Asset CEO Blythe Masters, it’s worth all the fuss. Speaking on a panel today at Swift’s annual Sibos conference in …

The Swedish government has successfully auctioned off some bitcoin, collecting more than the prevailing market rate in the sale. The 0.6 BTC – along with an equal amount of bitcoin cash, which was not previously dsiclosed – were sold by the Kronofogden during a week-long auction for a total of …

The U.S. federal agencies responsible for coining and printing currency should consider the future impact of cryptocurrencies, according to a new inspector general report. In an Oct. 16 note to U.S. Treasury Secretary Steven Mnuchin, inspector general Eric Thorson outlined a range of “management and performance challenges” that he anticipates …

U.S. Attorney General Jeffrey Sessions is concerned about the use of bitcoin and other cryptocurrencies in illicit transactions. During his testimony to the Senate Judiciary Committee on Wednesday, Sessions – a former U.S. senator himself – highlighted the use of bitcoin in response to a question by Senator Dianne Feinstein (D-CA) …

A blockchain startup funded by the venture arm of Jaguar Land Rover has raised roughly $12 million in an initial coin offering (ICO). DOVU told CoinDesk that it had raised a total of 40,000 ethers, an amount worth approximately $12.5 million at press time. The token sale was divided in …

Japanese digital services firm GMO Internet has developed a new blockchain-based know-your-customer (KYC) tool. In an announcement, the company said that the application was specifically intended for use by banks when verifying the identities of new customers. GMO Internet explained the system in the release, stating: “The user submits the …

Chinese search engine giant Baidu has become the latest member of the Linux Foundation-led Hyperledger blockchain consortium. In joining the group – which focuses on developing blockchain technologies for enterprises – Baidu will assist the project’s efforts alongside other member companies including Accenture, IBM, JP Morgan, R3, Cisco and SAP, among others. …

From next year, Australians will no longer have to pay goods and services tax (GST) on cryptocurrency purchases. Following the passing of new legislation in the country’s parliament today, the long controversial “double taxation” of cryptocurrencies – first when buying it, then later when buying items subject to the tax …

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.  In this opinion piece, one of a weekly series of columns, Casey assess the unorthodox role that multilateral organizations can play in developing blockchain technology. At first glance, the …