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The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering. Source
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China’s central bank has included the digital yuan in the latest version of a proposed banking law, giving more legal clarity to the regulation of its national virtual currency. The People’s Bank of China is soliciting public comments for the draft of Laws of People’s Republic of China on PBOC until
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The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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You’re reading First Mover, CryptoX’s daily markets newsletter. Assembled by the CryptoX Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money
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A major bank quietly opened up a wallet service for China’s central bank digital currency to public users – but quickly disabled it after the feature gained widespread attention. Around noon on Saturday local time, users of China Construction Bank (CCB), one of the big-four state-owned commercial banks, started to notice that
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Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining facilities are taken
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Despite the global economic crisis and the consequences of the coronavirus pandemic, the development of the Chinese national cryptocurrency, the Digital Currency Electronic Payment, is steadily progressing. The increase in the number of large companies joining the digital yuan initiative as partners in testing and implementing the technology is clear
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The U.S. Office of Foreign Assets Control (OFAC), a division of the Treasury Department, sanctioned four Chinese nationals for allegedly using cryptocurrency to launder proceeds from illicit drug transactions. In a press release Friday, OFAC announced that Songyan Ji, Longbao Zhang, Guifeng Cheng and Guangfu Zheng, as well as Global Biotechnology Inc.,
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Brian Behlendorf: A little bit of background, so Hyperledger is a part of the Linux Foundation, and the Linux Foundation has been an active organization in the open-source software space for almost 20 years now. The way that it works is it’s an industry consortium. It pulls together, at
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Xiao Gang, the former chair of the China Securities Regulatory Commission, says in his latest book on China capital market reforms that the development of a central bank digital currency (CBDC) will pave the way for digital stocks.Stocks and currencies are separate entities in traditional finance, however blockchain-based digital currencies
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