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What doomed Fusang and China Construction Bank’s blockchain bond

The tokenization of securitized debt has long been described as one of the more practical use cases for blockchain technology. Blockchain’s ability to fractionalize assets and to settle transactions via its open ledger nearly instantly addresses major pain points of securitization: high buy-in thresholds that exclude some investors as well

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China Construction Bank to Issue Offshore Bonds Tradable in Bitcoin

China Construction Bank clarified that it doesn’t work with Bitcoin or any other cryptocurrency. However, it will accept bond deposits made in Bitcoin.One of the world’s largest bank by market capitalization, China Construction Bank Corp (HKG: 939), has partnered with a Hong Kong-based fintech to issue blockchain-powered offshore bonds that

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First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises

Bitcoin (BTC) fell 2% Friday, the most in three weeks, after the market was spooked by the announcement that the cryptocurrency exchange OKEx had suspended withdrawals because founder Mingxing “Star” Xu was reportedly taken into police custody. The executive is the holder of a private key needed to authorize withdrawals, and that became impossible since

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