Bank of China Uses Blockchain to Issue $2.8B Worth of Financial Bonds

The Bank of China issued $2.8 billion in blockchain-based special financial bonds for small and micro enterprises. The adoption rate of blockchain technology in China continues to impress as the Bank of China has reportedly issued 20 billion yuan ($2.8 billion) in blockchain-based special financial bonds for small and micro-enterprises. According to local news outlet Sina Finance in early December, the funds are specifically used to issue loans to these Chinese small and micro-sized companies to support their continued development in the economy. As of the end of September, the…

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Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining. Moreover, a few days later at Bitmain’s annual customer appreciation meeting, the company’s CEO Jihan Wu explained the firm is offering three strategic mining offerings. Also read: Mining Chip Maker Ebang Next in Line to File for US IPO Poolin’s Auto-Switch Feature Bitcoin mining is extremely…

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LedgerX Places Founders On Leave Following Public CFTC Woes

LedgerX board of directors have placed co-founders Paul and Juthica Chou on administrative leave, effective immediately. The board of directors of Ledger Holdings, Inc., parent company to LedgerX, announced that co-founders Paul and Juthica Chou have been placed on administrative leave, effective immediately. In a Dec. 9 press release, the Bitcoin (BTC) derivatives exchange LedgerX explained that the two executives will be replaced by Larry E. Thompson as interim chief executive officer and lead director of Ledger Holdings. Thompson brings with him the experience of a 30-year career on Wall…

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The Marshall Islands’ National Crypto Was Inspired by Work of Block.One

After examining SOV’s white paper, Cointelegraph reached out to the development team to find out if the cryptocurrency was inspired by EOS. It has been almost a year since the Republic of the Marshall Islands (RMI) unveiled the development of its national digital currency dubbed Sovereign (SOV). The cryptocurrency is set to tackle some issues the RMI struggles with, including high costs of remittances. A crypto legal tender could purportedly create a situation where the solution to costly remittance is “baked into” the monetary system itself. Examining SOV’s white paper,…

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23 Days Until a Bonded Courier Supposedly Delivers Keys to $8 Billion in BTC

In 23 days, the infamous self-proclaimed Bitcoin inventor Craig Wright will allegedly receive 1,100,111 BTC from a trust purportedly held in Seychelles. In fact, many Wright supporters and BSV proponents wholeheartedly believe Wright will “gain complete ownership of the trust,” and to a few of these individuals, the funds could be used to bring the price of BTC down to zero. Also Read: A List of Self-Proclaimed Bitcoin Inventors and Satoshi Clues Debunked in 2019 The Tulip Trust Countdown Begins For over four years now, Craig Wright has made a…

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China’s Central Bank Uses Blockchain to Issue $2.8B Worth of Financial Bonds

The People’s Bank of China issued $2.8 billion in blockchain-based special financial bonds for small and micro enterprises. The adoption rate of blockchain technology in China continues to impress as the People’s Bank of China (PBoC) has reportedly issued 20 billion yuan ($2.8 billion) in blockchain-based special financial bonds for small and micro enterprises. According to local news outlet Sina Finance in early December, the funds are specifically used to issue loans to these Chinese small and micro-sized companies to support their continued development in the economy. As of the…

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Op Ed: Bringing DeFi to Bitcoin Opens Up New Frontiers

Decentralized finance (DeFi), while still in its early days, promises to redevelop critical financial services in a way that is trustless, transparent and controlled by the consumer. This has major implications for people across the world with limited access to financial services but also to crypto traders and savvy investors who are looking for new tools and new ways of finding an edge. DeFi covers any conventional financial tools built on a blockchain, but in its present forms, almost all have been built on Ethereum. This has been a major…

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EToro to Issue Debit Cards Starting Q2 2020

Multi-asset investment platform and social network eToro is reportedly planning to launch a debit card in Q2 2020. Multi-asset investment platform and social network eToro is allegedly planning to launch a debit card in the second quarter of 2020. On Dec. 9, Business Insider reported that the United Kingdom-based digital asset trading platform’s 12 million users will be able to spend their earnings via a debit card, planned for launch in Q2 of next year. The service will reportedly launch in the UK firt. However, other details about this planned…

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10 Key Things to Consider When Choosing a Crypto Exchange

Choosing a cryptocurrency exchange can be difficult but here’s 10 essential aspects to consider when looking for a trading platform. Choosing the right cryptocurrency exchange may be one of the most important initial tasks an interested trader or investor must complete. Picking the wrong platform could potentially lead down a road riddled with hacks, distractions and wasted effort. When looking for the right exchange, interested parties must first know what they are looking to accomplish. For example, is the goal to simply invest on a longer term basis, or to…

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It’s All About $7,400 for Bitcoin Price as a Big Move Is Now Imminent

A volatile start to the week suggests that $7.4K will be key in what happens next to Bitcoin price and the wider cryptocurrency market. Bitcoin (BTC) closed the week slightly above $7,500 up 1.56% ($115), which marks the first positive week since the close of the first week of August. Today Bitcoin touched a high at $7,660 following and a low at $7,370 with most of the price action taking place in the second half of the day. The 24-hour losses listed in the chart below show that the wider…

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