2019

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 Board Chairman Jerome Powell stated it is conducting small-scale research to better understand the opportunities and limitations of CBDC. The...

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  • November 21, 2019

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, the company plans to offer 10 million shares at $9 to $11 apiece which will place it at a market...

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  • November 20, 2019

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 a trading platform on which New York’s institutional investors can securely purchase, sell, store or transfer Bitcoin. “The custody and...

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  • November 19, 2019

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 that has been going on for a couple of months now. It seems that the trade negotiations have been boiled...

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  • November 19, 2019

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 a blog post that since Sept 17, Libra’s testnet network has logged over 51,000 transactions with 7 nodes supporting the...

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  • November 17, 2019

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 the four-month period of high electricity consumption across Iran mostly due to the warm weather. During non-peak hours of this...

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  • November 14, 2019