An executive of a major Chinese economics think tank said that China will be the first country to successfully roll out a national digital currency. An executive at a Chinese economics think tank has said that China’s central bank will be the first to launch a digital currency successfully. According to Chinese tech news outlet…
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Sudden change at the top of the mining giant appears unexpected, with fellow co-founder Jihan Wu threatening staff who do not shun Micree Ketuan Zhan immediately. Altcoin Bitcoin Cash (BCH) has surged 10% in the past 24 hours after it emerged mining giant and major supporter Bitmain had fired a senior executive. Wu to staff:…
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An SEC document reveals that major cryptocurrency exchange Binance received a $250,000 “long-term payment” to list Blockstack. A United States Securities and Exchange Commission (SEC) filing reveals that major cryptocurrency exchange Binance received a $250,000 “long-term payment” to keep Blockstack (STX) listed for one year. Blockstack’s SEC filing reveals that Binance received 833,333 STX, which…
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Binance’s latest research report has argued that with Ethereum’s pending switch to proof-of-stake in January, staking is set to have a major impact on the industry. Binance’s latest research report has argued that with Ethereum’s pending switch to proof-of-stake (PoS), staking is set to have a major impact on the industry. The report, published on…
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After China announced its new focus on the blockchain technology last week, South Korea follows suit with additional investments. The country’s government will invest some USD 12.8 million in blockchain projects in 2020, the Ministry of Science and ICT has confirmed. Per Fn News, the ministry has outlined a range of spending plans it hopes…
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As excitement continues around the country’s sudden endorsement of blockchain, the local press reportedly seeks to dampen hopes of a reversal of its crypto ban. China should embrace blockchain technology but not “speculate” about cryptocurrencies such as Bitcoin (BTC), state media claim. State newspaper: “We must remain rational” As Reuters reported on Oct. 29 quoting…
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Jihan Wu. Source: a video screenshot, Youtube, Chamber of Digital Commerce Bitcoin Cash (BCH) rallied today, surpassing USD 290 for an hour, on reports that the prominent supporter of BCH, Jihan Wu is back as the CEO of major crypto mining company Bitmain. (Updated at 08:00 UTC: updates throughout the entire text.) At pixel time…
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Bitcoin’s weekend price action left another CME gap around $8,900 as the crypto asset continues to consolidate. After a massive 42% price spike starting on Oct. 25, Bitcoin (BTC) looks like it has settled into a new range, at least for the time being. Sitting near $9,460 at press time, the future looks brighter for…
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Chinese cryptocurrency mining giant Canaan Creative has filed for an initial public offering with the U.S SEC to raise $400 million. Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and…
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Stablecoin operator Paxos is launching its settlement platform for U.S.-listed equity securities after receiving a no-action relief from SEC. Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities. In an Oct. 28 press release, digital asset trust company Paxos stated that…
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