Russia is taking the lead in issuing a multinational stablecoin backed by commodities with the Eurasian Economic Union, or EAEU, and BRICS countries. Russian President Vladimir Putin is the most influential person in the blockchain industry, according to Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, which added five trading pairs: Binance Coin (BNB),…
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Fed Nominee Judy Shelton speaks about the need for a digital dollar at a confirmation hearing in the US Senate. Treasury Secretary Steven Mnuchin wasn’t the only one to make waves at the U.S. Senate this week when it came to the future of currency. Tom Cotton, a Republican senator from Arkansas, spoke at length…
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Ledger has published a critique of its competitors’ security chips which may have reignited a year old spat with Trezor. Cryptocurrency hardware wallet manufacturer Ledger has reignited an old feud with competitor Trezor, in a blog post dated Feb. 13 highlighting the claimed benefits of its internal Secure Element chips. Trezor co-founder and CEO of…
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The South Korean government is going to invest $16 million in training more digital finance experts in the coming four years. The Korean financial services commission and the Seoul metropolitan government have announced plans to invest $16 million in training digital finance experts for four years on Feb. 12. The application period to win the…
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Authorities have taken an Ohio resident into custody for allegedly laundering $300 million in Bitcoin as part of a Dark Web tumbler service. Authorities recently took an Ohio local into custody recently for accusations of running an unlawful money laundering outfit on the Dark Web. The alleged operator of an illegal business called Helix, Larry…
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Chainalysis, a provider of crypto transaction data for IRS and FBI, does not think that privacy coins are bad despite not being able to fully track them. A major global company that helps fight illicit cryptocurrency-related activity does not think that privacy in crypto markets is necessarily bad. Despite representing one of the primary sources…
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Soccer giant FC Barcelona partners with Chiliz blockchain outfit, creating Ethereum-based BAR fan tokens. Spanish soccer powerhouse FC Barcelona, or Barca, has teamed up with fintech platform Chiliz to create a blockchain-based token for the sports franchise. As part of the partnership with FC Barcelona, Chiliz created Barca Fan Tokens (BAR) for use on its…
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Forbes recently released its top 50 fintech companies for 2020, showing six blockchain and Bitcoin companies among the listed firms. Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies. Carrying a “Blockchain and Bitcoin” category tag, Forbes listed Axoni, Chainalysis, Coinbase,…
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Coinbase Pro has launched 3x margin trading once again after removing the feature several years ago. Coinbase Pro, the cryptocurrency trading platform arm of U.S.-based exchange Coinbase, has unveiled 3x margin trading for select customers. “Our leverage multiple is based on market analysis,” a Coinbase spokesperson told Cointelegraph in an email. “We are rolling this out…
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Blockstack announced Proof of Transfer, a new consensus algorithm for blockchains that uses Bitcoins to secure a network directly, instead of electricity. Blockstack unveiled a novel consensus mechanism for piggyback blockchains called Proof of Transfer (PoX) on Feb. 6. Instead of relying on its own proof of work, miners under PoX commit Bitcoin (BTC), which…
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