Will the US Federal Reserve look into CBDC
The United States Federal Reserve has finally decided that it’s time to look into adopting the Central Bank Digital Currency. In a letter to the congress members, US Federal Reserve...
November 21, 2019
2019
Canaan Nasdaq IPO: Rough ride ahead for mining equipment maker
Canaan, one of the leading cryptocurrency mining hardware maker plans to raise $100 million from its Nasdaq IPO. It originally planned to raise $400 million. Now with the revised terms,...
November 20, 2019
Fidelity gets bitcoin custody and trading license from NY regulator
Fidelity obtains a trust license from the New York Department of Financial Services to offer Bitcoin custody service to New York residents. Additionally, Fidelity also received the license to operate...
November 19, 2019
Chinese digital currency is the perfect excuse for Libra
There’s a very interesting saying that almost every culture uses and that’s “Fighting fire with fire”. This phrase has not been more relevant than in the United States-China trade war...
November 19, 2019
How China plans to design an auditable – permission blockchain payment system
Recently People Bank of China (PBoC) said that the main purpose behind creating a new blockchain-based payment system is to mitigate the financial risk posed by existing electronic payment platforms...
November 18, 2019
Libra update: Testnet processes 51,000 transactions with 7 nodes
Nearly after a month since the remaining 21 Libra association members signed the charter, the Libra team released an update of its progress. The Libra association shared the update in...
November 17, 2019
Walmart Canada develops a blockchain-based payment solution for its carriers
Walmart Canada has developed a blockchain-based payment network that managers real-time invoicing, payments and settlement for its carriers, third-party trucking companies that transport inventory to over 400 Walmart retail stores across Canada.
November 15, 2019
Iran announces electricity tariff for cryptocurrency mining operations
Iran government announces a new electricity tariff for cryptocurrency mining operations. As per the guideline, mining digital currency is banned during peak hours, which usually spans over 300 hours in...
November 14, 2019
Canaan set for Nasdaq listing. Targets $100 million from the U.S. IPO
The terms for the Canaan U.S. IPO has been released. Plans to raise $100 million by offering 10 million shares at a price range of $9 to $11.
November 14, 2019
China still in the process of research and testing its digital currency
The People Bank of China (PBoC) has released a statement on Nov.13 that reports of PBoC have issued the digital currency is false. Adds it has not authorized any asset...
November 13, 2019