Bitcoin Price Falls to 35-Day Low Below $8K – CoinDesk

Bitcoin’s price has slipped below $8,000 on Wednesday, reaching its 35-day low since Apr. 18 within just an hour after the trading entered morning session (UTC), data from CoinDesk’s Bitcoin Price Index shows. After steadily climbing up to nearly $10,000 on May 6, the price of the world’s largest cryptocurrency by trading volume has been … Read more

South Carolina Sanctions Startup Over Unregistered Token Sales – CoinDesk

Blockchain startup ShipChain has been hit with a cease-and-desist order from the South Carolina Attorney General’s Office, which claimed the company violated the state’s securities statutes. The state’s Securities Commissioner said in an order issued Monday that ShipChain offered what amounts to an investment contract by way of its token, which is “the only medium … Read more

Bank of America Patents Blockchain Security Tools – CoinDesk

Bank of America has won a patent for a way to control access to certain aspects of a permissioned blockchain network, newly published documents show. The patent for a somewhat innocuously titled “system for managing security and access to resource sub-components” explains how security tokens (essentially electronic keys, distinct from blockchain-based assets that mimic physical … Read more