About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
Zhou Xiaochuan, a former governor of the People’s Bank of China (PBoC), stated that China’s planned central bank digital currency – Digital Currency Electronic Payment (DCEP) – has no plans to topple existing sovereign currencies. Digital Yuan Not a Threat to U.S. Dollar or Euro According to the South China...
Analysts at Wall Street Banking giant JPMorgan are predicting an increase in institutional Bitcoin (BTC) investment from insurance companies and pension funds. In recent months, BTC has become something of a coveted investment vehicle on Wall Street with several publicly-listed firms electing to hold the largest crypto by market capitalization...
Economist Raoul Pal says Ethereum's (ETH) probable adoption as programmable money may see it becoming the largest cryptocurrency by market capitalization, overtaking Bitcoin (BTC) within the next ten years. At such a time, several blockchain networks may account for a larger share of the global financial markets as digital assets...
Four US Congressmen have called on US Treasury Secretary Steve Mnuchin to reconsider pursuing regulations focused on self-hosted crypto wallets. The call is the latest opposition to the rumored plan that could see US exchanges demanding user identity verification before allowing withdrawals to non-custodial wallets. Mounting Opposition to Crypto Wallet...
Singapore's government is the latest in Asia to dole out millions of dollars dedicated towards blockchain adoption as the novel tech continues to gain a foothold in the region. Southeast Asia continues to see increasing levels of adoption for crypto projects and decentralized ledger technology (DLT) protocols. $9M Fund to...
China's central bank and the Hong Kong Monetary Authority (HKMA) are gearing up to conduct a pilot test of the e-yuan central bank digital currency (CBDC) system. The move further broadens the scope of the digital currency electronic payment (DCEP) with plans to introduce the currency in Macau as well....
The Suzhou government is set to carry out a test on China’s central bank digital currency (CBDC) by conducting a digital yuan airdrop via a lottery program, which will see the distribution of $3 million worth of digital yuan to some lucky winners. Suzhou to Test Digital Yuan Via Lottery...
Ripple says it is keeping its powder dry regarding reports of the company's plan to exit the US amid unfavorable regulations. The blockchain firm and majority holder of the XRP cryptocurrency continues to be at the center of legal disputes about whether its distribution of the crypto constitutes the sale...
Macau's gambling industry already affected by the coronavirus could be in for another significant external stress in the form of China's central bank digital currency (CBDC). The emergence of traceable digital yuan enforced by Beijing on the enclave may likely send shockwaves through the sector, forcing several high-rollers to take...
In an attempt to get on regulators’ good books, Facebook’s stablecoin project, Libra, has been rebranded to Diem. Libra Gets a New Name According to Reuters on Tuesday (Dec.1, 2020), the Libra project underwent a name change and would now be known as “Diem”. The rebranded name comes from Latin...
South Korea has delayed the enforcement of its crypto tax law until the start of 2022 providing ample time for exchanges to create the necessary machinery for accurate cryptocurrency financial reporting. The news also finalizes the country's tax plan after months of speculation concerning levying taxes on virtual currency trading...
In yet another decentralized finance (DeFi)-related M&A (merger and acquisition), Yearn.Finance and SushiSwap have announced a partnership between both protocols. The news marks the first of such mergers for DeFi bluechip Yearn.Finance as it continues to gain a larger presence within the emerging market sector. Details of the Merger with...
Christine Lagarde, the President of the European Central Bank (ECB) has once again espoused a bullish position on a possible digital Euro while warning about the potential risks of private stablecoins. Several nations, including China, are developing central bank digital currencies (CBDCs) with the consensus among mainstream finance experts being...
There were more nodes participating in the Ethereum (ETH) blockchain than on the Bitcoin (BTC) network for a brief period at the start of the week. This news comes amid the imminent launch of ETH 2.0. Bitcoin Regains Lead over Ethereum in Number of Nodes Tweeting on Sunday (Nov. 29,...
UCC Coffee, a UK coffee manufacturer has partnered with fintech company Farmer Connect, to integrate the latter’s IBM blockchain-powered coffee tracking solution to trace one of its coffee brands. Tracking Coffee Supply Chain with Blockchain Technology According to a report by Verdict on November 26, 2020, the coffee manufacturer has...
