The China Securities Regulatory Commission, China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s...
Blockchain payment service company Bitpay announced Tuesday (Dec. 10) the introduction of stablecoin payments for both users and merchants, according to a release. The company will allow the use of three stablecoins: Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX)....
Sekunjalo Investment Holdings has teamed up with Chinese public blockchain leader Ultrain Technology Limited to develop a pan-African open blockchain system called the African Chain 3.0, according to reports. The foundation of the system “will be built on the public-access-for-commercial-use blockchain model, developed by Ultrain...
Bank of China announced that it has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small- and micro-sized businesses using its own blockchain platforms. The two-year bond will come to the market with 3.25 percent coupon rate. “We have used our own blockchain-based...
The Hainan Province in South China rolled out a series of measures to accelerate the blockchain space’s development, Xinhua reported. The measures will back the industry via technological application, social investment, talent cultivation, and other areas. They are said to be released by the first blockchain...
A group of former software developers from Morgan Stanley have created a cryptocurrency derivatives exchange that will reportedly execute trades in less than a millisecond for both retail and institutional investors. Phemex has been in the beta testing phase for several weeks, and started trading...
U.S. asset manager WisdomTree has launched its first investment product, offering large investors exposure to bitcoin without having to directly hold the asset. As Jason Guthrie, WisdomTree Europe’s head of capital markets, pointed out, the offering is the first its kind by a mainstream, established...
Decentralized cryptocurrency exchange (DEX) CryptoBridge is shutting down. The exchange posted an announcement on its website to inform users that its services and servers will cease operations after December 15. While users can withdraw funds from the exchange until then, deposits will be closed after...
The Bank of Russia has voiced its support for a ban on cryptocurrency payments, saying that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.” “If it is decided to ban cryptocurrencies as a means of payment at the legislative level, we...
