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…

Bitcoin Cryptocurrency News

Bakkt Bitcoin Custody Now Available to all Institutional Clients

Bakkt joins the field of institutional-grade bitcoin custody service providers after obtaining approval from regulators in New York. Meanwhile, the Bitcoin futures product launched by the Intercontinental Exchange (ICE) subsidiary continues to set new records. Bakkt Warehouse Obtains NYDFS Green Light Bakkt COO Adam White announced the news via a blog post published on Monday Read more…

Binance Cryptocurrency News

Is Binance Trying to Become Crypto Standard for the World?

Crypto exchange Binance has taken some major steps in setting new standards for cryptocurrency services. Adding support for the Ukrainian national currency, signing a memorandum of understanding (MOU) with the Ukrainian government, and implementing a cryptographic protocol for distributed key generation and signing – these are only a few achievements of the company led by Read more…

Altcoin Cryptocurrency News

Coinbase Tezos Pump Fires Up Spreads Across Crypto Exchanges

Tezos price spiked sharply today after Coinbase announced staking rewards for XTZ. The token pumped so hard that huge spreads opened up between exchanges leading to arbitrage opportunities for savvy traders. Crypto Exchange Pump Inbound Late yesterday Coinbase announced that it was expanding access for Tezos staking. The offer of earning rewards for XTZ stored Read more…

Blockchain Cryptocurrency News

Stellar (XLM) Surges 14% Following SDF’s Massive 55 Billion Lumens Token Burn

The Stellar Development Foundation (SDF), a non-profit entity established in 2014 to support the ongoing development of the open-source Stellar protocol, has burned 55 billion of its XLM tokens, which accounts for half of the digital currency’s circulating supply. Denelle Dixon, CEO and executive director at the SDF, confirmed during the Stellar Meridian conference on Read more…

Blockchain Cryptocurrency News

Chinese State Media is Busy Riding the Blockchain Bull

The crypto momentum is all coming from China at the moment. As the US continues to stumble over its own bureaucratic hurdles, the red dragon is steaming ahead with more blockchain bullishness that will ultimately benefit the wider crypto industry. Chinese State Media Can’t Get Enough of ‘Blockchain’ Founding partner at Primitive Crypto and China Read more…

Blockchain Cryptocurrency News

China Digital Currency Will Replace SWIFT: Huang Qifan

China’s plans to create a sovereign digital currency might be aimed towards eradicating the need for U.S.-controlled payment systems like the Society for Worldwide Interbank Financial Telecommunications (SWIFT). SWIFT and CHIPS Systems Have No Future Speaking at the Bund Financial Summit in Shanghai, Huang Qifan the vice chairman of the China Center for International Economic Read more…