Despite the air of public skepticism surrounding Facebook’s launch of Libra, an effect has nonetheless been felt throughout the crypto industry. In fact, the success surrounding the launch has prompted Huawei CEO Ren Zhengfei to publicly speak on the benefit of cryptocurrencies on July 25th. During an interview with Italian...
Chinese Banks Boosts Bitcoin Crypto and Bitcoin (BTC) are back in style — in China anyway. According to Samson Mow, the Chinese-Canadian chief strategy officer of Blockstream, the Bank of China posted an article about Bitcoin yesterday. According to Mow, the article was published through the news portal of the...
Chinese Central Bank Fast-Tracks Digital Currency The launch of Facebook’s Libra lit somewhat a fire under the rear of politicians the world over, mandating them, along with other economic and social commentators, to address the issues that the Silicon Valley-backed cryptocurrency could bring. China has taken an interesting approach to...
From Bitcoin Hub to Anti-Crypto For those unaware, China was once the home of Bitcoin. Its tech hubs spawned Bitmain and some of the earliest cryptocurrency investors, many of which have become “whales”. But, this changed in 2017, when this nascent market presumably got too large for Chinese authorities to...
Banks within Israel have continued to be uncooperative with cryptocurrency as traders report an inability to deposit profits. Israeli media firm Haaretz reports that approximately $86 million in unpaid taxes resulting from cryptocurrency earnings have amassed due to the banks’ stubborn refusal to accept deposits. As investigated by Haaretz, the...
Bitcoin (BTC) has long been deemed as an alternative to traditional currencies and investments. Satoshi Nakamoto, the pseudonymous creator of the project, made sure that his brainchild sported a nature of decentralization, scarcity, uncorrelation, and so on and so forth. So, it should come as no surprise that people the...
Tether to Launch Chinese Yuan Stablecoin Despite the fact that Bitcoin trading technically isn’t legal in China, Tether may be launching a product to appeal to that audience. According to a recent message posted on Chinese social media by Zhao Dong, the founder of Renrenbit and a prominent cryptocurrency investor,...
Jeremy Allaire, CEO of Circle Internet Financial, a leading global finance firm focused on blockchain technology, pointed out that China is ahead of the US when it comes to developing a sovereign digital currency. This might give Chinese businesses an advantage over American companies, Allaire argued. China Might Bypass Western...
Underground Bitcoin Economy Potentially Under Threat China, as you likely well know, has been working on a sovereign crypto asset for some four to five years now. For some reason or another, the country has taken a strong liking towards digital payments, as made apparent by the mass adoption of...
SBI Incentivizes Share Holding With XRP Yesterday, SBI Holdings, a branch of one of Japan’s most powerful companies — SBI Group — unveiled an interesting tidbit of news about XRP. The financial services company revealed that it would be distributing certain owners of its stock XRP tokens, likely to catalyze...
Why the crypto community? Well, because we’re very much a part of it. Rainforest Foundation US Earlier today, non-profit organization Rainforest Foundation US announced they’d be accepting donations in cryptocurrency from then on. The donated funds would then go towards protecting the Amazon rainforests. Unlike other groups reaching out to...
LINE To Offer Cryptocurrency Trading in Japan Out of the crypto markets, Japan has been one of the hardest to crack for exchange businesses. For those unaware, the Japanese cryptocurrency market has been riddled with hacks over its relatively large history, playing host to both Mt. Gox and CoinCheck, two...
