After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond. China Construction Bank, the world’s second-largest bank by assets, is cooperating with Malaysian and Singaporean partners to test blockchain technology for use in the bond market. As previously reported, China Construction...
The United Nations wants to tackle urban challenges like land grabbing and inefficient use of space with blockchain technology. 827 Total views 4 Total shares The United Nations has released a blockchain-powered solution to help the Afghan government manage property ownership issues in the country’s urban areas. According to a Dec. 2 announcement, the U.N. Human Settlements Programme, or U...
The draft resolution reportedly notes that digital currencies are likely to replace paper currencies in the future. 1062 Total views 5 Total shares The assembly of Khyber Pakhtunkhwa, a province in northwestern Pakistan, has become the first legislative assembly to call for changes in the country’s stance towards cryptocurrencies. As previously reported, Pakistan has to date been relatively...
A huge sell wall at $20,000 may see a major transfer of wealth from whales to institutions based on current data. 1874 Total views 11 Total shares Bitcoin (BTC) whales appear to be selling to institutions as the supply squeeze heightens below $20,000. Data from various sources shows that while more BTC returned to exchanges this week, largescale buyers are still creating more demand than supply...
The Swiss National Bank and BIS don’t want to miss out on possible blockchain-powered benefits for the financial system. 1853 Total views 6 Total shares The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology. According to a Dec. 3 announcement, the BIS Innovation...
The United Kingdom Tory Party’s nemesis, Nigel Farage, has gone “full crypto.” On Nov. 27, Farage sat down for a video interview to discuss all things crypto with Sam Volkering, the editor of Southbank Investment Research, which is, notably, the publisher of Farage’s recently launched investor newsletter “Fortune & Freedom.” In the interview, Farage derided the...
Samson Mow, chief strategy officer at Blockstream, says Bitcoin was never about “transactions per second and coffee,” but about value and a “new financial paradigm.” 1590 Total views 3 Total shares Blockstream’s Samson Mow wants to move the conversation away from Bitcoin’s (BTC) performance in transactions per second and toward its role in ushering in “a new financial paradigm,” that is, serving...
The mandatory license will allow Crypto.com to issue crypto debit cards in Australia. 964 Total views 12 Total shares Crypto exchange and debit card provider Crypto.com has completed the acquisition of an Australian financial services company in order to secure an Australian Financial Service License, or ASFL. The acquired firm, named The Card Group Pty Ltd, has been described as specializing in...
Research outfit Xangle has found that a third of sampled retail investors in the United States felt “deceived” by initial coin offerings, or that the projects had withheld information from them. Notably, Xangle’s survey is small-scale, based on 600 respondents who invested in an ICO sometime between 2017 and October 2020. The majority (44%) of those surveyed were between 25 and 44 years old, with...
The postponement follows a successful lobbying campaign by local crypto advocates. 1054 Total views 14 Total shares The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022. According to Yonhap on Dec. 1, the planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws wherein a new cryptocurrency tax...