Jinwowo and the China Mobile Blockchain Association Committee are building China’s first blockchain lab to empower e-commerce. Network technology company Jinwowo and the China Mobile Blockchain Association Committee held a “cloud signing” ceremony on April 13 to partner on the development of the first “blockchain and e-commerce ecology” laboratory in Chongqing China, according to a […]
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After notching a two week low at $6,468, Bitcoin bulls have returned to launch an attack on the $7,200 resistance. Less than 24-hours ago Bitcoin (BTC) price dropped to a two week low at $6,468, inciting calls for a revisit to the sub-$6K zone but the digital asset deftly shook off the bears by reversing […]
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Bitcoin may be highly volatile, but it offers less systemic risk than assets in legacy markets like stocks, says Scott Melker. Crypto trader Scott Melker says that while stocks and Bitcoin (BTC) have appeared to move in tandem since Black Thursday: “They are not correlated assets”. In a Twitter thread for his 84,000 followers, “The […]
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Major US banks have been knocked offline, unable to cope with the volume of stimulus checks. Some U.S. banks have been unable to handle the increased demand generated by the stimulus checks being distributed to 80 million Americans. On April 15 the online platforms for US Bank, PNC, and Fifth Third Banks went down, apparently […]
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In its most recent position paper, the IFWG labeled crypto as a possible (but unlikely) threat to South Africa’s monetary system. As part of a recent lengthy position paper on crypto, a South African regulatory body called the Intergovernmental Fintech Working Group, or IFWG, mentioned crypto as a possible but unlikely risk to the country’s […]
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Airwallex is one of just three Australian ‘unicorns,’ raising $160 million in a round led by ANZ bank and cloud software firm Salesforce. Australian fintech unicorn and RippleNet member, Airwallex, raised $160 million in a fundraising round led by the investment arms of Australian ‘big four’ bank, ANZ, and San Francisco-based cloud software company, Salesforce. […]
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Major cryptocurrency exchange added Venezuelan Bolivar to its P2P trading portfolio. On April 16, major cryptocurrency exchange, Binance, announced that they are listing the Venezuelan Bolívar (VES) in their peer-to-peer trading platform against BTC, USDT, ETH, BNB, BUSD, and EOS, with no fees attached. Exchange customers can now search for local P2P merchants who have stable […]
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Demand for USDC and PAX has grown but USDT still leads among stablecoins, fiat and cryptos when it comes to volume into Bitcoin. While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such […]
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BitGo has bought Lumina, a company that provides tax and portfolio management solutions for institutional investors. BitGo, a company previously known for its custody business, is purchasing Lumina, an integrated tax service for institutional traders. The deal is part of BitGo’s year-long strategy to diversify its crypto business. The deal, whose value remains undisclosed, was […]
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US government decides to foster 5G and IoT technologies over defense lobby’s objections. On April 16, Ajit Pai, the chairman of the Federal Communications Commission, or FCC, issued a draft order approving the usage of L-Band radio frequencies for 5G and IoT. Controversy Previously, three leaders of Congressional defense committees signed a letter urging president […]
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