Bitcoin and Blockchain News May 25, 2016

Japan Enacts Regulation for Digital Currency Exchanges -  Japan's national legislature approved a bill on Wednesday to regulate domestic digital currency exchanges. Coming nearly two years after discussion about how to regulate the technology first began, the decision comes as interest in startups leveraging bitcoin and blockchain technology is growing domestically. Pete Rizzo / May 25, 2016 02:19 pm Blockchain Startup Develops Identity App with Major Airline IT Firm -  Blockchain startup ShoCard has developed a proof-of-concept focused on digital identity in partnership with a major IT firm that works with the airline industry. The identity app, dubbed the SITA Digital Traveler Identity App, was formally unveiled today during the Air Transport IT Summit industry conference. Stan Higgins / May 25, 2016 12:31 pm Coinbase Co-Founder: Ethereum Could 'Blow Past' Bitcoin -  In a new blog released yesterday, Coinbase co-founder Fred Ehrsam sought to position Ethereum as a competitor to bitcoin in the digital currency industry. While he stated he continues to support both versions of public blockchain technology, he indicated he has "no allegiance" to either network. Pete Rizzo / May 24, 2016 09:40 pm Chinese Finance Giant Joins R3 Blockchain Consortium -  Amid growing interest in blockchain technology among the world's biggest banks, a major Chinese financial firm has inked a new partnership with startup R3CEV. Ping An Insurance Group, with total assets in excess of $765bn, is China's first financial firm to join the group according to the statement. Michael del Castillo / May 24, 2016 08:56 pm The Bitcoin Foundation Wants a Comeback, But Can it Be Saved? -  The Bitcoin Foundation's plans for a comeback are facing early skepticism after the public release of a private email from its executive director. Bitcoin Core developer Peter Todd, former board member Jim Harper and current executive director Bruce Fenton weigh in on the organization's attempt to regain relevancy. Michael del Castillo / May 24, 2016 07:36 pm Federal Court Dismisses Bitcoin Startup BitPay's Phishing Lawsuit -  A legal fight between bitcoin payment processor BitPay and a major insurance company has ended, court documents reveal. According to the court order signed by US District Judge Steve Jones, the two sides "have reached a settlement in principal". Stan Higgins / May 24, 2016 05:18 pm UAE's First Bitcoin Startup Shuts Down -  Bitcoin payments firm YellowPay has shut down for undisclosed reasons according to members of its founding team. First formed in 2014, YellowPay had sought to promote bitcoin as an e-commerce solution in the Middle East. Pete Rizzo / May 24, 2016 03:44 pm Read All CoinDesk News → State of Blockchain Q1 2016: Blockchain Funding Overtakes Bitcoin In case you missed it, CoinDesk has released its latest State of Blockchain report, analyzing news and events from Q1 2016. Weighing in at 100 slides, the presentation takes a deep dive into trends in the blockchain and bitcoin sectors to reveal new findings about the fast-changing industry. Press Releases 24, May - Blockchain Angels Launches Comprehensive Blockchain Startup Tracker 24, May - MIT Innovation Initiative Lab for Innovation Science and Policy Releases Equity Crowdfunding Report 24, May - Decentralized Ride-Sharing Startup Wins Europe's Biggest Open-Industry Blockchain Competition Read All Industry Press Releases → How are we doing? Give us website feedback Share this email Copyright © 2016 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book view in browser / unsubscribe / update subscription Advertise on CoinDesk