Chinese President Xi publicly supports blockchain development in the country. The first blockchain industrial park was opened in Shanghai’s Baoshan District in November 2016 with the goal of not only developing blockchain technology for government-related work, but also for connecting the technology with finance, insurance, real estate, intellectual property and other industries. Shortly after the […]
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Euro-backed stablecoins could make a digital currency truly borderless and more global than ever before. We live in the days of next-generation digital money emergence. Ultimately, the world lacks a clean balance sheet and an asset that has significant appreciation potential to create more loans against it. Euro-backed stablecoins can help boost the crypto-lending sector […]
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Amid the constantly changing nature of crypto regulation, five countries had record-breaking success in processing digital assets in 2019. One of the impediments to the adoption of blockchain and crypto technologies in the world are the regulations governing their introduction into the world of business. The constantly changing nature of the legal framework and the […]
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2019 was a very busy year with crypto tax legislation — check out Cointelegrahp’s 2019 global overview. 2019 was, without a doubt, a milestone for crypto taxation. Countries around the world realized cryptocurrencies are here to stay and adjusted their crypto tax policies as a result. This year alone, several countries have been busy establishing […]
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Bitcoin trading volumes on peer-to-peer trading platform LocalBitcoins in Venezuela and Argentina have touched on new all-time highs. Bitcoin (BTC) weekly trading volumes on peer-to-peer (P2P) trading platform LocalBitcoins in Venezuela and Argentina have hit new all-time highs in their respective national currencies. Cryptocurrency data website CoinDance shows that LocalBitcoins trading volume in local fiat […]
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Cryptocurrency exchange Huobi is launching a local gateway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah and Tether. Cryptocurrency exchange Huobi is launching a fiat gateway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah (IDR) and Tether (USDT). In a Dec. 27 press release, the Huobi Group announced that the launch […]
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Binance cryptocurrency exchange now allows users to buy crypto directly through Visa credit and debit cards that are linked to their exchange accounts. Major global cryptocurrency exchange Binance now allows users to buy crypto directly through Visa credit and debit cards. In a Dec. 26 announcement, Binance said that its users are able to directly […]
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South Korea’s central bank plans to organize a task force dedicated to central bank digital currency research in the new year. South Korea’s central bank, the Bank of Korea (BOK), plans to organize a task force dedicated to central bank digital currency (CBDC) research in the new year. In its “Monetary Policy for 2020” brief, […]
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Despite various reservations from commentators in the past, Bitcoin is robustly insured against futures manipulation, analyst suggests. The Bitcoin (BTC) price analyst who created one of the industry’s best-known prediction models thinks futures markets will not undermine the cryptocurrency. In a Twitter debate on Dec. 26, PlanB, father of the Stock-to-Flow tool, dispelled fears that […]
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Financial services firm Tokai Tokyo Financial Holdings will invest about 500 million Japanese yen (nearly $4.6 million) in crypto exchange Huobi Japan. Japanese financial services firm Tokai Tokyo Financial Holdings will invest about 500 million yen (nearly $4.6 million) in the Japanese branch of cryptocurrency exchange Huobi. According to a press release on Dec. 26, […]
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