Bitcoin Cryptocurrency News

Germany To Issue Crypto Regulations On January 1 2020

The Amended Directive to the Fourth EU Money Laundering Directive will go into force in Germany on January 1, 2020. Some of the key changes affect how the German Banking Act and Payment Supervision Services Act relate to crypto. Crypto-Assets Are Now Financial Instruments The new law defines crypto-assets in a somewhat unwieldy manner: digital representation Read more…

Blockchain Cryptocurrency News

Will China Win the Blockchain Race Leaving the US Behind?

China is the clear blockchain tech leader at the moment and the US is in danger of missing out entirely if it doesn’t even get off the starting line. China Leading the Way There have been no mistaking China’s intentions when it comes to blockchain technology. President Xi Jinping’s public endorsement of digital ledgers sent Read more…

Cryptocurrency News

ECB to Set Objectives for Own Digital Currency, Lagarde Suggests

The European Central Bank (ECB) should determine objectives for its digital currency taskforce by mid-2020, ECB President Christine Lagarde said during her first policy meeting. What’s the Purpose of a Digital Euro? Earlier today, the ECB’s Governing Council met to decide the benchmark interest rate and the monetary policy. After the event, new ECB President Read more…

Bitcoin Cryptocurrency News

European Central Bank President Envisions Direct Digital Currency Use

The European Central Bank is exploring the potential for a digital currency, which would allow direct injections of liquidity to consumers, said Christine Lagarde, the bank’s new president. Digital Currency Optimism from IMF to ECB In her first hearing before the European Parliament as the head of the ECB, Lagarde continued spreading the message that Read more…

Bitcoin Blockchain Cryptocurrency News

Bitcoin Whale Moves 47,000 BTC ($338 Million) as China Cracks Down on Crypto

China’s recent crackdown on cryptocurrencies may have caused Bitcoin whales to move huge quantities of BTC.  China’s recent praises of blockchain technology do not seem to extend to Bitcoin and cryptocurrencies, as the country’s central bank launched another crackdown on crypto. The People’s Bank of China warned that ‘illegal actions’ involving digital assets would not Read more…

Blockchain Cryptocurrency News

China Launches Digital Bank Consortium Blockchain Investment Fund

A fintech company in China has launched a global digital bank consortium blockchain investment fund with the aim of creating a leading digital bank. China Turning Digital Cao Tong, Chair of Shenzhen’s Hande Financial Technology Holdings Co., Ltd (HDFH), made the announcement during the second China International Import Expo (CIIE) today in Shanghai, according to Read more…

Bitcoin Cryptocurrency News

Sunday Digest: Bitcoin Price And The Race To Rule The Blockchain Space

A photographer managed to get some snaps of a three-antlered deer in Michigan, USA this week. A wildlife expert described the find as one-in-a-million. This means that there are better odds of finding a three-antlered deer than of a certain Australian actually being the creator of Bitcoin. Bitcoin Price: More Consolidation There hasn’t been a Read more…

Blockchain Cryptocurrency News

Russia, China, And Other BRICS Members Consider Launching Cryptocurrency For Payments

Russia, China, as well as the other members of the international group of emerging nations BRICS, which include India, Brazil, and South Africa, plan to create a cryptocurrency designed for payment settlements. BRICS Contemplating A Cryptocurrency BRICS is an international group of emerging nations that includes some of the world’s most prominent economies. Namely, these Read more…

Blockchain Cryptocurrency News

Military-Run Media Advises China to Reward Soldiers With Cryptocurrency

In yet another example of China’s changing view of cryptocurrency, the People’s Liberation Army’s (PLA) media mouthpiece is calling for its soldiers to be rewarded with crypto to incentivize performance. A Tokenized Rewards and Demerits System A recent article in the military-run PLA Today suggested that some form of cryptocurrency could be used as part Read more…

Cryptocurrency News

Anonymity in China’s Crypto Yuan is Bad News for US Lawmakers

While the US drags its regulatory feet and gets bamboozled by bureaucracy, China forges ahead and could launch its own digital currency within a few months. Crypto Yuan Nearing According to a central bank official, China’s planned crypto yuan is not all about spying on its citizens. The world’s financial regulators are all casting eyes Read more…