Contrary to the public statements, insiders at the European Central Bank (ECB) reportedly say the bank has no laboratory working on a digital euro and little intention to create one any time soon. “Most of these comments [about the digital fiat] seem designed to jolt the private sector banks into improving the inefficient, costly and…
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A further blockchain fund promises to develop the technology in Hainan’s dedicated free economic zone, which was established in 2018. Blockchain will continue to see major investment from China’s Hainan Free Trade Zone (FTZ) with new funds fostering local businesses. As local English-language news outlet Xinhua Net reported on Dec. 5, Hainan’s dedicated economic pilot…
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KT Corporation wants to use blockchain to streamline roaming processes with China Mobile, the Chinese operator with which it is also partnering on a 5G rollout. South Korea’s largest telecoms provider, KT Corporation, is boosting a partnership with China Mobile targeting blockchain technology and 5G roaming. As local English-language news outlet The Korea Herald reported…
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Gaming industry has seen incredible advancements with the implementation of VR, AR and AI, but blockchain promises to bring even more value. Blockchain is transforming the financial industry right before our eyes, with many market onlookers anticipating a complete replacement of existing payment, trading and banking infrastructures. Blockchain and finance seem like the perfect match,…
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A panel including U.S. Treasury Secretary Steven Mnuchin and SEC and CFTC chairs voiced concerns about stablecoins becoming more popular in the future. A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies. A report issued on Dec. 4 by the Financial Stability…
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Yesterday, there was a sharp upward move in bitcoin price above the USD 7,350 and USD 7,400 resistance levels. BTC/USD even rallied above the USD 7,550 and USD 7,650 resistance levels. However, it turned out to be a fake rally and the price is now back below USD 7,400 (09:00 UTC). Similarly, there were swing…
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The first publicly listed blockchain infrastructure company, Hive Blockchain Technologies Ltd., reportedly lost the last analyst covering it, and the price of its shares is far from the early days of it going public. Meanwhile, the company reported an income increase of c. 84% in Q3, compared to the same period last year, but still…
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OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, is seeking a $500 million IPO. OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, has updated its filing for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). According to an F-1 filing dated Dec. 2,…
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Source: iStock/isa_ozdere Japanese financial giant SBI is considering issuing Ripple (XRP) tokens as company-wide shareholder rewards, says the company’s CEO Yoshitaka Kitao. In a recent address to shareholders shared by the company on YouTube, Kitao stated that a previous XRP handout to shareholders of SBI’s Morningstar subsidiary in August this year had proved a success.…
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Tron founder and CEO Justin Sun. U.S.-based crypto exchange Poloniex, recently acquired by Justin Sun, CEO of Tron (TRX), among other investors, announced it will delist DigiByte (DGB) hours after the founder of DigiByte, Jared Tate, criticized both Tron and Poloniex. “BTW, after careful review, we decided #DigiByte is not qualified for our listing standard.…
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