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


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...

Fidelity Acquires 10% Stake in Bitcoin Mining Firm Hut 8


The giant fund manager Fidelity International holds roughly 10.6% stake in the bitcoin mining company Hut 8. For six years now, Fidelity, the firm that currently manages $300 billion on behalf of its customers, has been mining the cryptocurrency bitcoin. In May 2017, news.Bitcoin.com reported...

Chinese Power Giant & World’s 5th Biggest Company in Blockchain Dive


The State Grid Corporation of China (SGCC), the largest utility company in the world, says it will launch a blockchain “lab” – in a bid to adopt blockchain technology to its business workings and internal operations. The SGCC is headquartered in Beijing, has around 1 million employees...

South Korean Giant to Begin Crypto Custody for Institutional Investors


One of South Korea’s biggest commercial banks, NongHyup (NH Bank) said it is working on a cryptoasset custodial services platform for institutional investors. Per ET News, the bank said that it wants to launch crypto “ecosystem” operations, and also spoke of its long-term plans which include...

Japanese Financial Giant Nomura Launches Digital Asset Custody Service


Japan looks to have a brand new crypto player – with big-hitting financial group Nomura launching digital token-related business activities. Per Japanese media outlet CoinPost, the Japanese company has teamed up with crypto firms Ledger and CoinShares to launch B2B “digital assets” custodial...

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