Tuesday, September 17, 2019
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China’s Cryptocurrency | A Response to Facebook’s Libra Coin?

In response to Facebook’s new cryptocurrency, Libra, China’s central bank is reportedly developing its own cryptocurrency. According to the South China Morning Post, Libra poses a threat to the country’s financial system, and this has spurred on the development of the bank’s own digital coin. China’s Cryptocurrency At an event at Peking University’s Institute

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China’s Central Bank Developing Own Digital Currency in Response to Libra

China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported on July 8.Wang Xin, director of the People’s Bank of China (PBoC) research bureau, argued

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Legislators Endorse Virtual Asset Summit Convened in Response to Coming FATF Crypto Rules

Global legislators have voiced their support for a forthcoming summit in Osaka, Japan, which will be devoted to virtual asset service providers’ (VASPs) response to a new set of recommendations set forward by the Financial Action Task Force (FATF). Cointelegraph Japan reported the news on June 19.According to the

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CryptoCompare Launches Exchange Benchmark in Response to Concerns Over False Volume Reporting

London-based crypto data provider CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide. The news was revealed in a press release shared with Cointelegraph on June 12.According to CryptoCompare, the new product has been launched in response to growing industry concern sparked by

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G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto

G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held

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Blockchain Would Have Improved Regulator Response to 2008 Financial Crash

United States Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo says that blockchain technology would have allowed for a “far faster, better-informed, and more calibrated regulatory intervention” in response to the 2008 financial crisis.Giancarlo made his remarks during a speech —  entitled “The New Futurism: 21st Century Financial

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Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

By CCN: HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance.High-Profile

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Another Hard Fork, Will Bitcoin Cash (BCH) Tank or Soar in Response?

Bitcoin Cash (BCH) up 6.8 percentSchnorr Signatures implementation ahead of the more decentralized OGSix months after a contentious hard fork, Bitcoin Cash developers plan to upgrade the network to include Schnorr signatures that require less space while simultaneously promoting scalability, security, and privacy. Meanwhile, Bitcoin Cash (BCH) prices are stable,

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