After Shanghai, the Shenzhen government is also now investigating cryptocurrency exchanges. The move comes to be a fresh step to crack down on crypto-related businesses in China. As per the reports, the finance bureau of Shenzhen has identified undisclosed 39 entities suspected of involvement in crypto-related Ponzi / fraud schemes....
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...
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 which are highly dominated in China by just two private players – WeChat and AliPay. Read more: Why central bank...
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.
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 trading platform or institution to distribute the legal-digital currency. The official also asked the general public to not trust any...
Bakkt launches its enterprise-grade custody service. Announcing the development in a blog post, the firm said that now clients can use the Bakkt warehouse to safeguard their Bitcoin assets. Previously, the Bakkt provided custody only to clients trading the Bakkt Bitcoin Futures contracts. Among the first to choose the Bakkt...
Recently one of Lightning Labs developer Joost Jager revealed a proof of concept ‘Whatsat’, a permissionless private messaging built on Bitcoin’s lightning network. Unlike other encrypted messaging apps, Whatsat is a decentralized messaging platform where users own and maintain the infrastructure. Lightning network currently scales Bitcoin payments and used for...
Digital innovation is transforming economic activity by creating simplicity and accessibility. In recent years with technological advancements, a shift in general public payment patterns has emerged. Less use of cash is opening up a number of questions concerning traditional money (cash) continuity in the future. This has led the central...
More details about China’s digital currency have been revealed. As per the official, holders of the currency would not receive interest payments.
Stablecoin including Facebook-initiated Libra could come under securities market regulation principles and standards. The conclusion of applying securities rule to stablecoin was decided in a meeting on 30th October in Madrid by the Board of the International Organization of Securities Commissions (IOSCO).
