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Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’
28.5.2020
Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open...
Bitcoin News Roundup for May 27, 2020
27.5.2020
While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It's another episode of CoinDesk's the Markets Daily podcast
Ripple CEO Says US Regulators Must Embrace Crypto or Fall Behind China
27.5.2020
Brad Garlinghouse, the CEO of Ripple, has taken to Twitter urging U.S. regulators to get on board with cryptocurrencies, or risk losing global financial dominance to China
WeChat Invests $70 Billion in Fintech, Including Blockchain and AI
27.5.2020
Tencent Holdings aims to bolster blockchain technology development across China as part of a $70 billion investment in fintech
Digital Yuan Has No Launch Date, Bank of China Stresses Amid Rumors of Looming Rollout
26.5.2020
People’s Bank of China clarified that there is still “no timetable” on a formal digital yuan launch, despite the ongoing pilot project
Tencent Is Pouring $70B Into New Tech Including Blockchain
26.5.2020
The web giant is earmarking funding for emerging technologies as it seeks to grow after the COVID-19 epidemic
China’s Congress Proposes Blockchain Development Fund
24.5.2020
NPC, China’s parliament suggests a government backed blockchain development fund to build a better governance system
Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers
23.5.2020
Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty
Sleepy Bridges, Reentered China, Reopened Probes and 20 Crypto Jokes
23.5.2020
This week in crypto news: Bitcoin shortly neared USD 10K with altcoins gaining bullish momentum too, while BTC was still leaving exchanges rapidly, and Bitcoin-Ethereum bridge, tBTC, was put to sleep two days post-launch. As the threat of inflation looms, investors turn to gold, and maybe...
Ontology Partners With German Startup to Accelerate Supply Chain Identity Solutions
23.5.2020
The blockchain firms are hoping to forge greater collaboration between DLT platforms based in the East and West
China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?
22.5.2020
Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate
Layer1 Stabilizes Texas Grids With 'Bitcoin Batteries'
22.5.2020
Layer1 will release electricity in response to spikes in consumer demand that may threaten local power grids, such as during heatwaves
Plus Token Leadership Faces Criminal Prosecution in China
22.5.2020
PlusToken main criminal suspect got caught and is now facing local court prosecution
Crypto Exchanges Speak Out as Binance Takes CoinMarketCap’s Top Spot
22.5.2020
OKEx, Huobi and Bitfinex speak out on Binance’s buyout of CMC: “A partnership with a clear conflict of interest”
Bitcoin Hashrate Slides 33% Since Halving – Difficulty Drops, Issues in Sichuan China
22.5.2020
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China indicate that...
Token Impersonates Chinese Digital Yuan as Official Launch Date Remains Unknown
22.5.2020
Third-party actors step in to impersonate the digital yuan officials, hoping to attract gullible investors
Several Chinese Media Outlets Setup a "Blockchain-Powered News" Department
21.5.2020
The alliance looks forward to establishing a blockchain-backed news department that supports its media distribution
Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries
21.5.2020
The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said
Chinese Police Arrest 12 Fake ‘Huobi Officials’
21.5.2020
Chinese authorities have busted a group of scammers allegedly claiming to be “Huobi officials”
US Military Is Falling Behind China, Russia in Blockchain Arms Race: IBM, Accenture
20.5.2020
The U.S. Department of Defense can’t afford to lose the global military blockchain race to Russia and China, warns a new private sector whitepaper