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Thai Central Bank Says Big Businesses Are Already Using its CBDC

17.7.2020
Another country has moved a step closer to issuing a central bank digital currency (CBDC), with Thailand’s central bank stating that it is “already using” its token “for financial transactions with some big businesses.” Per Nation Thailand, the Vachira Arromdee, assistant governor of the Bank...

Crypto Sector Baffled as Mysterious Report Calls Chainlink a ‘Fraud’

17.7.2020
Social media and crypto sleuths are attempting to uncover the truth about a report that has been circulating claiming to tell the damning truth about Chainlink, the operator of the LINK token – one of the year’s best-performing major altcoins. The report is allegedly the work of a company named...

Fund Operator Offers Telegram TON Investors Paybacks of Just 21%

17.7.2020
A major hedge fund that recruited a number of investors in the failed Telegram Open Network (TON) blockchain and crypto initiative is offering its investors just 21% of their stakes as a refund after the project collapsed, said a new report. Per Forbes Russia, ATON, a fund who once promised that...

Zcash Upgrade, Stellar on Samsung, Gemini on Brave + More News

16.7.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Privacy news Privacy-focused Zcash (ZEC) upgraded today, improving interoperability through FlyClient support and giving miners the option...

Bitcoin and Altcoins Showing Signs of Increase in Selling Pressure

16.7.2020
Bitcoin price failed to remain stable above USD 9,200 and it is currently (08:30 UTC) down 1%. BTC is trading below USD 9,150 and it seems like the bulls are losing control. The main support is near USD 9,050 and USD 9,000, below which the price could start a new bearish wave. Similarly, most major...

Bithumb Exchange Owns More Assets Than its Customers

16.7.2020
Leading South Korean exchange Bithumb’s own holdings are higher than the sum total of its customer holdings, per a due diligence report. According to Sports Seoul, the report was part of a recent audit completed by Seoul-based auditor Jungin Accounting. The auditor found that the sum total of both...

King of Stablecoins, Tether, Faces Regulatory Uncertainties - Report

15.7.2020
Source: iStock/standret, Cryptonews.com Despite being used widely, stablecoins – and tether (USDT) in particular – may face an uncertain future as governments step up their regulatory scrutiny of the sector, a new report from crypto research firm Coin Metrics said. The most popular stablecoin...

CBDC Week: Another G7 Country Mulls Joining Digital Fiat Race

15.7.2020
After the UK admitted it is mulling digital fiat plans this week, the Japanese government has also announced that it is considering the launch of a central bank digital currency (CBDC). Per Nikkei, the cabinet is set to make a formal decision on whether or not it will include the issuance of a CBDC...

Another Chinese Giant, Meituan Dianping, Might Test Digital Yuan – Report

15.7.2020
The rollout of China’s much-discussed central bank digital currency (CBDC) is getting one step closer, as the People’s Bank of China (PBoC) – the country’s central bank – is said to have entered into discussions with a giant online food delivery platform for a trial of the digital yuan. Citing...

South Korean Local Stablecoin Operator Posts Record Profits

15.7.2020
Business appears to be booming for a company operating an increasingly large number of South Korean local stablecoins. Per Fn News, the Korea Minting and Security Printing Corporation (KOMSCO) – the company that has printed banknotes and minted coins for the nation’s treasury for the past 70 or...

Japan’s Biggest Bank to Launch Digital Token Before End of FY2020

15.7.2020
The Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) is set to issue its own long-awaited digital currency “in the second half of the current financial year,” said its CEO. Speaking to Mainichi, the company’s CEO Hironori Kamezawa stated that the token had experienced no shortage...

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