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Stern Warning on Crypto Trading by the China's Central Bank Prompts Bitcoin Bears

Following a cryptocurrency trading clampdown threat by China’s central bank, People’s Bank of China (PBoC), Bitcoin has seen losses of more than 10%. Its value has dropped below $7,000.  This announcement has made other cryptocurrencies, such as Ethereum, to nosedive losing at least 12% of its value. Through a translation, the bank stated: “Once [cryptocurrency … Continue reading Stern Warning on Crypto Trading by the China's Central Bank Prompts Bitcoin Bears

Thailand’s Trade Policy Office to Trace Agricultural Products from Farm to Export Using Blockchain

Thailand’s Trade Policy and Strategy Office (TPSO) has revealed its intentions of using blockchain technology to trace agricultural products from farms to export as this will optimize buyers’ confidence.  The traceability of organic rice will be tested initially, and other agricultural products will follow suit.  The blockchain system to be deployed will trail the process … Continue reading Thailand’s Trade Policy Office to Trace Agricultural Products from Farm to Export Using Blockchain

New Zealand Police Seize about $6.7m Cryptocurrency from Jarothe n David McIvor for Alleged Money Laundering

According to a report on November 23, the New Zealand police confiscated about $6.7m cryptocurrency from Jarothe n David McIvor, a software developer, in Hamilton for alleged money laundering via online movie piracy in the United States. Jaron David McIvor, a 31-year-old, handed the key codes to unlock more than $6m worth of various cryptocurrencies … Continue reading New Zealand Police Seize about $6.7m Cryptocurrency from Jarothe n David McIvor for Alleged Money Laundering

Amun AG Obtained Approval from Swedish Regulator for ETP Offerings in EU

A press release issued early December confirms the approval given to Amun AG for a Base Prospectus it has filed with Swedish finance regulator, the Swedish Financial Supervisory Authority (SFSA). The regulatory approval has allowed the firm to promote its various exchange-traded products to retail clients within the EU. The president of Amun AG, Ophelia Snyder … Continue reading Amun AG Obtained Approval from Swedish Regulator for ETP Offerings in EU

UK Research Shows 66% Control of Hash Rate is Coming From China

Decentralization and blockchain are two words that many purists believe must be put together to be the future of financial technology.   Reporting on a study developed by UK based company CoinShares, as much as 66% of global hash rates come from and are controlled by Chinese entities.  Mining is a crucial element in distributed … Continue reading UK Research Shows 66% Control of Hash Rate is Coming From China

UN Agency Employs Blockchain to Protect Migrant Workers in Hong Kong From Illegal Fees

The International Organization for Migration (IOM)—the United Nations Migration Agency—has announced the launch of a blockchain-based tool designed to prevent migrant domestic workers in Hong Kong from exploitation. The tool was developed in collaboration with Diginex, a blockchain technology company specializing in financial services.    On Dec. 16, in a release published on their page, … Continue reading UN Agency Employs Blockchain to Protect Migrant Workers in Hong Kong From Illegal Fees

Block.one to Provide over US$1.5 million in Grants to Promising Businesses Built on EOSIO

EOS VC, the venture capital arm of blockchain software company Block.one wants to make it possible for more EOSIO ideas to become tangible innovations and is now accepting applications for its Grants Program.  According to a press release on Dec. 17, the Grants Program is designed to drive growth in the EOSIO ecosystem by welcoming active … Continue reading Block.one to Provide over US$1.5 million in Grants to Promising Businesses Built on EOSIO

Bakkt Announces the Promotion of the Company’s Former Chief Product Officer to CEO

The futures exchange company, Bakkt, also owned by the Intercontinental Exchange, has replaced its CEO, and promoted Mike Blandina, from his previous position as Chief Product Officer. The announcement was through an official press release, and Blandina has already begun the transition into the new role since Dec. 20th. This change of position was vital as … Continue reading Bakkt Announces the Promotion of the Company’s Former Chief Product Officer to CEO

Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

Aiming to curb the potential influence of China’s digital currency electronic payment, its nation’s central bank digital currency, Japan is looking to release its own digital currency proposals today. According to Prime Minister Shinzo Abe, the country is also requesting support from the US Federal Reserve.   Norihiro Nakayama, the Vice-Minister for Foreign Affairs in Japan and the … Continue reading Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

US Fed Chair Jerome Powell Grilled Over FedCoin Digital Currency Progress

Federal Reserve Chairman Jerome Powell testified before the US House Financial Services Committee on the state of the US economy and monetary policy.  Rep. Bill Foster of Illinois spent his entire five minutes asking Powell about the progress being made regarding the topic of CBDC or central bank digital currencies. Foster questioned Powell concerning the potential … Continue reading US Fed Chair Jerome Powell Grilled Over FedCoin Digital Currency Progress

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