‘We Are Not Like Libra’: China’s CBDC Won’t Aim to Replace International Fiats "[...] We don’t have an ambition to replace existing currencies," said Zhou Xiaochuan, former PBC governor.
China’s Digital Yuan Completed 20K+ Transactions in Successful Weekend Trial Still, China's digital currency may not be used on a massive scale until 2023.
DeFi in Focus: 4 Leading Experts Discuss DeFi’s Viability & Future Teana Baker-Taylor, Alex Mashinsky, Lex Sokolin, and Brian Norton joined Finance Magnates yesterday to discuss DeFi.
Omise Network Holding Company SYNQA Raises $80M in Series C Round The round for the Omise Network parent company was led by SCB 10X and SPARX Group.
Ant Financial Launches New Blockchain Solution Platform for SMEs The platform is targeted toward building solutions in industries that require high levels of multi-party collaboration.
Will 2020 Be the Year of the CBDC? The list of countries exploring CBDC issuance is growing. Could we see more CBDCs on the market next year?
SEC Names Clayton’s Former Senior Advisor as New Head of Cyber Unit Kristy Littman previously acted as lead advisor to SEC Chairman Jay Clayton, and held several other positions at the ...
China’s Latest Crackdown Forces Five Crypto Exchanges to Close Latest wave of shutdowns represents the biggest clean-up of the sector since an initial clampdown in September 2017.
China Closes Loopholes with New Assault on Crypto Activities Beijing’s latest crackdown comes just over a month after President Jinping sang blockchain’s praises.
First China, Now Europe: Libra & the Dawn of Sovereign Cryptos Last week, an Association of over 200 banks in Germany called for the launch of a digital euro.
Binance Accepting Fiat Deposits Through AliPay, WeChat The company did not partner with the companies to roll out the service.
Half of Libra’s Fiat-Basket will be Backed by US Dollar The company confirmed that the Chinese yuan will not back Libra.
(Crypto)currency Wars: Corporate Coins Wage a Global Arms Race Are governments waging economic battles through corporate stablecoins?
Who’s Responsible? On Legal Liability in Decentralized Systems The cryptocurrency industry is fraught with illicit activity. When it comes to legal liability, who's responsible?
Chinese Police Arrest 22 Crypto Miners for Power Theft Around 4000 Bitcoin mining rigs racked up an electricity bill of nearly 20 million yuan (roughly $2.9 million).
FDD Warns US Against International “Crypto Rogues” The United States Foundation for Defense of Democracies cautioned the country against adversarial countries' use of crypto.
China Arrests Bitcoin Miner for Stealing Power from Oil Wells China has sought to crack down on the mining industry in recent months, which has long flocked to its ...
WeChat Bans Merchants From Dealing in Cryptocurrencies The policy change likely stems from pressure from the Chinese government
China Plans to Ban Bitcoin Mining Industry, Labels It ‘Undesirable’ The Chinese government earlier banned ICOs and crypto trading from its jurisdictions.