JPMorgan Chase now recognizes blockchain’s profitability and has created a new business dedicated to digital currency and blockchain work. A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase’s in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments. According to a report on Oct. 27, this […]
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Eight of the western world’s top DeFi projects have joined an industry consortium that is supported by a Shanghai science and technology institution. The Open DeFi Alliance has announced the launch of a western arm and onboarding of eight new member firms. Launched last month, the alliance seeks to unite leaders of the DeFi sector […]
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Analysts are anticipating Bitcoin’s second-largest negative difficulty adjustment of the year following the end of Sichuan’s rainy season. Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many miners migrating to other jurisdictions. On Oct. 26, Thomas Heller of Bitcoin (BTC) mining blog […]
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The current conservative international financial system doesn’t suit young people or young economies, says Ma. Jack Ma, the now-retired founder of Alibaba Group, recently spoke to a crowd of bankers and regulators at the Bund Summit in Shanghai about the role digital currencies will likely play in the future global financial system: “Digital currency could create […]
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Central bank digital currencies will fundamentally change our conceptions of money and its uses. An astonishing 80% of central banks are engaging in work around central bank digital currencies, from research to experimentation and pilot programs. A recent Bank for International Settlements, or BIS, chart demonstrates the growing interest in CBDCs by central banks, as […]
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Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts. The Bahamas, an island nation in the West Indies, made digital currency history on Oct. 20 with the official launch of a new central bank digital currency, the so-called Sand Dollar. It became the […]
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Details regarding the digital yuan’s characteristics are taking shape. The forthcoming digital yuan will reportedly be compatible with major payment networks within the country. Mu Changchun, the head of the People’s Bank of China’s digital currency research institute, said that the central bank-backed digital yuan will be compatible with major mobile payment wallets like WeChat […]
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The new draft law legitimizes digital yuan and may criminalize the issuance of yuan-backed stablecoins by third parties China’s central bank, the People’s Bank of China (PBOC), published a draft law this Friday that aims to provide regulatory framework and legitimacy for a forthcoming central bank digital currency (CBDC), the digital yuan. The draft law […]
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Max Keiser, Wall Street veteran and host of The Keiser Report, shares his thoughts on Bitcoin price breaking $13,000 and the U.S. election in an exclusive interview with Cointelegraph Markets. Paul Tudor Jones. Did his investment into Bitcoin spark a new bull cycle? Max Keiser: First, we need to go back to the Genesis Block and […]
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He doesn’t seem to think China is that far ahead of the USA when it comes to blockchain development — at least for now. Wu Zhongze, China’s former vice-minister for Science and Technology and a well-known digital economics expert, believes that blockchain technology is still quite young. During an interview with The Paper, the former […]
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