An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future. South Korean media outlets suggest that local merchants could accept the upcoming digital yuan as a payment method once the COVID-19 pandemic passes, and Chinese tourist flow increases in the […]
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Now, more than ever, the economic efficiency and transparency is omnipresent, and emerging technologies such as blockchain have highlighted the dire need for such solutions. We are currently living in an unprecedented time, with the COVID-19 pandemic sweeping the world and taking far too many precious lives. Markets are being decimated and economies are on […]
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The Kava decentralized finance project has launched on the Cosmos blockchain, giving users the ability to put BNB for collateral to receive its stablecoin, USDX. The Kava decentralized finance (DeFi) protocol officially launched on Cosmos (ATOM) mainnet, with an initial onboarding of Binance Coin (BNB) as a collateral form. Kava works in a similar way […]
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Binance is said to be operating a mysterious domain for Chinese traders. Top crypto exchange, Binance, seems to be providing trading services for mainland Chinese customers despite the local ban, a report published yesterday by China National Radio, or CNR, alleges. According to CNR, Binance CEO Changpeng Zhao, also known as CZ, has been promoting […]
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Blockchain firm Prysmatic Labs announced the launch of a new test network of the Ethereum 2.0 blockchain. Blockchain firm Prysmatic Labs announced the launch of a new test network for the Ethereum 2.0 blockchain. According to a June 10 announcement, Prysmatic Labs is launching the Onyx Ethereum 2.0 testnet — which represents an improvement over […]
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About 4,000 Chinese bank accounts of over-the-counter cryptocurrency traders were allegedly frozen by law enforcement. Around 4,000 Chinese bank accounts of cryptocurrency traders have reportedly been frozen by local law enforcement. According to a June 8 report by 8BTC, police froze the bank accounts of thousands of over-the-counter (OTC) traders from the Chinese province of […]
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Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month. Bitfury, a cryptocurrency mining and blockchain development firm, is planning to launch a Bitcoin (BTC) mining fund in Japan in July. Katsuya Konno, the head of Bitfury Japan, confirmed the development with Cointelegraph […]
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The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium. South Korea’s NH NongHyup Bank has announced a new consortium with a local law firm and a blockchain laboratory to jointly develop digital asset-based financial services. According to the Korea Herald on […]
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Though former Bakkt CEO Kelly Loeffler’s Georgia Senate seat faces no risk in the June 9 primary, everything is up for grabs in November. Republican Senator and former Bakkt CEO Kelly Loeffler may find herself up against a better-organized and more supported Democratic candidate in November’s special election. Early returns are still coming in from […]
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MKR is up 30% in 24 hours following the MakerDAO community’s vote in favor of introducing tokenized “real-world” assets as collateral for Dai loans. The price of MakerDAO (MKR) has rallied by roughly 30% over the past 24 hours, posting a new year-to-date high above $720 on some exchanges. The rally follows a late May […]
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