Top Chinese chemical firm uses blockchain to cut trade financing costs
Amid the pandemic, blockchain is alleviating the pressure in China’s petrochemical trade. Go to Source Powered by WPeMatico
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Fidelity Digital Assets Touts Bitcoin Credentials, As Publicly Traded Companies Now Hold Over 600,000 BTC
Fidelity Digital Assets (FDA) says diversifying an investment portfolio with bitcoin is especially essential now when benchmark interest rates globally are near or below zero. The opportunity cost of not allocating to bitcoin is simply higher explains FDA in its latest bitcoin investment thesis. FDA’s assertions come as one survey found that as many as … Read more
Japan must amend central bank laws to issue digital yen, says official
Japan is getting more serious about the digital yen. Go to Source Powered by WPeMatico
Andreessen Horowitz Publishes ‘Crypto Startup School’ Documentary
The California-based private American venture capital firm, Andreessen Horowitz, has published a documentary called “Crypto Startup School.” The documentary is different from other blockchain films, as the 30-minute video shows some of the procedures leveraged while invoking a crypto-focused startup. On October 9, 2020, the company Andreessen Horowitz published a new documentary on Youtube called … Read more
Crypto banks are going to swallow fiat banks in 3 years — or even less
In three years, a younger generation of banking customers won’t do business with a traditional fiat bank unless it offers access to crypto. Go to Source Powered by WPeMatico
Senior Japanese official fears China being ‘first-mover’ in digital currency
China might gain control over global CBDC standards, a Japanese official warns. Go to Source Powered by WPeMatico
DBS and Standard Chartered to launch blockchain platform to curb trade finance fraud
DBS and Standard Chartered will soon launch a trade finance platform for central banks worldwide. Go to Source Powered by WPeMatico
After Banning ICOs China’s Defi Ecosystem Grows Exponential This Year
The decentralized finance (defi) ecosystem has become a multi-billion dollar industry and quite a bit of the popularity is stemming from China. While a number of defi projects from the West like Uniswap, Compound, and Makerdao are popular in the country, China is also creating its own landscape of defi platforms and applications. At the … Read more
Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation
A few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the U.S. election would bolster the price of bitcoin. Speaking with the financial broadcast MoneyFM on Monday, Green said he also believes that bitcoin will replace gold as the ultimate financial safe haven within the timespan of a generation. Devere … Read more
Russian ministry proposes criminal charges for failure to report crypto tax
To ban crypto or to tax, that seems to be the question. Go to Source Powered by WPeMatico