Bitcoin’s bearish price action has led many traders to set their sights on altcoins and this week a handful of tokens added notable gains. The United States Federal Reserve believes that stablecoins “could complement existing payment systems and improve consumer welfare” but the operators behind the digital assets will require constant oversight and regulation. The […]
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Chinese local government officials have given their seal of approval to a VeChain-powered blockchain tea traceability platform. A tea traceability platform powered by VeChain received an official endorsement from the Shuangjiang county government at its launch on Nov. 13. VeChain partnered with leading tea producers in the region to implement the traceability platform. The entire […]
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Hong Kong rolls out a new framework for crypto exchanges, which could establish an important precedent for the local market. On Nov. 7, Ashley Alder, the CEO of the Securities and Futures Commission of Hong Kong, said at a conference that a new framework for crypto exchanges will be implemented. Almost immediately after the announcement, […]
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In a Cointelegraph BlockShow panel, the Blockstream CSO delivered a frank appraisal of the stablecoin space’s present and future. Stablecoin Tether (USDT) is clearly the preference among investors but will not see a retail use case, Samson Mow says. The Blockstream CSO, who was speaking at Cointelegraph’s ongoing BlockShow conference on Nov. 15, noted that […]
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Changpeng Zhao, founder and CEO of crypto exchange Binance, says the Chinese President’s endorsement of blockchain will inevitably drive mass adoption of crypto. Changpeng Zhao, founder and CEO of crypto exchange Binance, says the Chinese President’s endorsement of blockchain will inevitably drive mass adoption of crypto. In an interview with Bloomberg Markets: Asia on Nov. […]
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Regulators in the Chinese autonomous province of Inner Mongolia intend to dispatch inspection units to assure the clean-up of local crypto mining companies. Regulators in the Chinese autonomous province of Inner Mongolia continue to crack down on the province’s crypto mining companies. The Global Times reported on Nov. 13 that northern China’s Inner Mongolia Autonomous […]
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The People’s Bank of China will pilot a restriction on large-scale cash transactions in three different regions, possibly paving the way for its upcoming digital currency. The People’s Bank of China (PBOC) announced that it will pilot a restriction on large-scale cash transactions in three different regions across the country, with one expert calling the […]
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The creation of a new cryptocurrency for BRICS member nations was discussed at the 11th annual BRICS Summit 2019. According to one official in attendance, members of international association BRICS discussed the creation of a new cryptocurrency at a recent summit. On Nov. 14, Russian financial news outlet RBC reported that the director-general of the […]
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With Chinese President Xi Jinping recently showcasing support for blockchain, local media is seemingly changing its sentiment toward crypto. Earlier this week, a story published by Chinese state-run media outlet Xinhua featured some pro-Bitcoin comments that referred to the flagship digital currency as being the world’s “first successful application of blockchain technology.” This latest endorsement […]
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The Elixxir president thinks ‘true’ quantum computers will be used in secret. Elixxir President Jim Dolbear thinks the question of when quantum computing will become real is a bad one. Speaking on behalf of Elixxir founder David Chaum at BlockShow Asia 2019, Dolbear suggested that it is highly likely that whoever perfects quantum computing will […]
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