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Friday, September 20, 2019

Top News

Wells Fargo Plans to Launch Dollar-Linked Stablecoin

Wells Fargo Group announced yesterday that it will launch a dollar-linked stablecoin for cross-border payments on its internal blockchain platform. The bank said that cross-border payments can be completed outside normal office hours, reducing reliance on third-party payment companies and reducing transfer time and costs. Following...

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Wells Fargo Plans to Launch Dollar-Linked Stablecoin

Wells Fargo Group announced yesterday that it will launch a dollar-linked stablecoin for cross-border payments on its internal blockchain platform. The bank said that cross-border...

NBA Player Spencer Dinwiddie Plans to Tokenize $34M Contract

Spencer Dinwiddie, an NBA player on the Brooklyn Nets, recently announced that he will tokenizing his three-year contract worth $34 million. Investors will receive the...

Facebook’s David Marcus Responds to Critics Over Libra

When the European economic downturn was overwhelmed, French Finance Minister Bruno Le Maire found a punching bag, Facebook's digital currency project Libra. According to The Independent newspaper,...

CME Group Applies to Increase the Upper Limit of Bitcoin Futures Contract

Bitcoin futures trading in the US is becoming increasingly popular. The Chicago Mercantile Exchange (CME) intends to increase the investment ceiling of a single...

The Libra Association Will Apply For a Payments License in Switzerland

Swiss Financial Markets Agency (FINMA) Chief Executive Mark Branson said in a recent interview that Facebook's cryptocurrency Libra may seem a bit controversial internationally,...

California Takes First Step Towards Crypto Payment for Cannabis

Berkeley City Councilmember Ben Bartlett became the first elected official to use cryptocurrency to purchase cannabis at Ohana Cannabis in Emeryville, CA on Tuesday,...

SEC Charges EtherDelta Founder with Operating Unregistered Exchange

The U.S. Securities and Exchange Commission (SEC) has filed charges against EtherDelta founder Zachary Coburn for operating an unregistered exchange. As a DEX, the crypto trading...

Ripple Targets China for Blockchain-Based Cross Border Transaction

According to CNBC, Ripple wants to target the Chinese market with its distributed ledger technology designed to speed up cross-border payments Jeremy Light, Vice President...

[cryptocurrency series] Litecoin

Leading founder: Charlie Lee Founded: 2011 Issue size: 84 million Introduction: Litecoin (trade name: LTC) is a peer-to-peer (P2P) cryptocurrency and open source software project that shares the same principles as...

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[Expert Analysis] Outlook of Venezuela’s Cryptocurrency Not So Optimistic

The economic problems in Venezuela remain unresolved and the Bolivar, the original legal currency, is a waste of paper at this point. The International Monetary...

[Exclusive Interview] KODAKOne Team: Sports and Entertainment as a Platform Entry Point

Kodak announced earlier this year that it has joined the blockchain. It licensed its brand to WENN Digital to form the digital rights management...

[HKBCS 2018] Industry Forsees Authorities Keeping Close Eye to Market Trends

The cryptocurrency market has been in turmoil for the past year, and the industry is embarking on deepening the development of its underlying technology. Bonnie...

[Special Analysis] Hong Kong-Listed Crypto Mining Companies to Decline, Dragged Down By Operating Performance, Relying on R&D of AI to Protect Their Future

The general public's initial impression of the blockchain may be Bitcoin and mining. This is in part due to advertisements on social platforms; both...

What Are Stablecoins?

One of the problems with cryptocurrency is stability. Speculation and other reasons can affect daily price fluctuations. Price volatility ultimately affects the practicality of...

Yoni Assia: In the long term, I’m a great believer of cryptocurrency

The hype of crypto space ended in late 2018. Since then bitcoin price struggles to recover and remains around $3500. It makes sense for people to lose faith in cryptocurrency, but Yoni Assia, CEO of eToro still believes the cryptocurrency during his interview with Coinsnetwork

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Opennity Platform Token OPNN Price Rose More Than 11 Times Its Value

The blockchain community economic platform Opennity, and its platform application token OPNN, was listed on the two cryptocurrency exchanges Bitribe and Cashierest this afternoon. The...

People’s Bank of China Says Facebook’s Libra Must Be Under Central Bank Oversight

Mu Changchun, deputy director of the People's Bank of China's payment department, said in an article in Caixin Weekly that Facebook's cryptocurrency Libra must...

Coinbase Beats Fidelity for $55 Million Acquisition of Hosting Service Provider

Coinbase, the US-based cryptocurrency exchange, has recently made a big move. It beat out the large asset management company, Fidelity, and outbid for the...

IBM Launches Blockchain Payment System to Support Stellar’s XLM and Stablecoins

IBM announced yesterday that it has launched World Wire, a global real-time blockchain payment system that allows users to select a variety of digital...

Korean Government Not Encouraging Overseas Development of Crypto Exchanges

South Korea has another cryptocurrency exchange to expand its business overseas. As one of the largest exchanges in the region, Coinone has opened in...

News Archive

[HKBCS 2018] Demand for STO in China Shows Eagerness For it to Become a New Wave of Financial Services

Recently, a Beijing official has publicly stated that the issue of security token offerings (STO) is regarded as illegal financing. It seems that even STO...

Binance Launches Crypto Lending With Up to 15% Annual Interest

Binance, the world's largest cryptocurrency exchange, will launch their wealth management product tomorrow called Binance Lending. According to the announcement, users can lend idle cryptocurrency...

Japan’s FSA Doesn’t Consider Stablecoins a Cryptocurrency Under Current Law

A stablecoin is not considered as a virtual currency said Japan’s top financial regulator, the Financial Services Agency (FSA). In Japan, the cryptocurrency market is regulated...

Justin Sun, Founder of Tron: Ready to Welcome the Bull Market

Justin Sun, the founder of Tron, today released the company's second-quarter development blueprint at Token 2049 in Hong Kong. Although it is in a bear...

Michael Novogratz Doesn’t Expect Bitcoin To Go Lower

Michael Novogratz, founder of crypto merchant bank Galaxy Digital, said that he does not expect the Bitcoin (BTC) price to decline much further in an interview published by...

Fundstrat’s Tom Lee Reveals Institutions More Optimistic About Bitcoin Than the Public

Fundstrat CEO Tom Lee conducted a survey on various factors within the cryptocurrency industry on Twitter at the end of last month. Lee also privately...

OKCoin Resumes Trading and Stock Price Suffered a Setback and Temporarily Fell 24%

Hong Kong-listed company Advance Holdings issued an announcement on January 23rd that OKC Holdings Corporation, the parent company of OKCoin, a cryptocurrency exchange, completed a 60.49% stake...

South Korea’s Jeju Island Aims to Become Blockchain And Crypto Haven

According to a report by the JoongAng Daily, Governor Won Hee-ryong of Jeju, a Special Autonomous Province, made a proposal at a meeting last week with central government officials...

Facebook Developing Cryptocurrency for WhatsApp Transfers

Bloomberg quoted people familiar with the matter this morning that Facebook is developing a cryptocurrency, allowing users to transfer money through its communications software WhatsApp. Sources, who asked...