Business

Official Chinese Currency Renminbi to Become Cryptocurrency, Expert Says

[ad_1] Donald Tapscott, executive chairman of the Blockchain Research Institute,  stated that the official Chinese currency, the renminbi (RMB), will become a cryptocurrency, in an interview with Bloomberg on April 17.In the interview, Tapscott revealed that he had recently been at a meeting with the vice-chairman of the Communist Party in China, who recalled that President Xi Jinping thinks that blockchain is one of the most important technologies for the
BLOCKCHAIN

Overstock’s Blockchain Subsidiary Misses Target for $100 Million Capital Injection

[ad_1] TZERO, the blockchain subsidiary of retail giant Overstock, has missed its mid-April goal for a $100 million fund raise from Chinese investment firm GSR Capital and Singaporean private equity firm Makara Capital. The firm announced the development in a shareholder letter on April 18.In the letter, Overstock CEO Patrick Byrne noted that while the diligence processes for both firms were going smoothly, “the parties will not have a definitive
BLOCKCHAIN

Platform Launches Leveraged Bitcoin CFDs for Speculation on Movements Against JPY and USD

[ad_1] A platform has launched a leveraged bitcoin contract-for-difference (CFD) product, enabling traders to speculate on the cryptocurrency’s price movements against the Japanese yen and United States dollar.Liquid says demand for crypto derivatives is rising and believes these financial products have the potential to enhance awareness about the many hundreds of coins and tokens in the marketplace today.Crypto derivatives are gaining popularity because of how they can help protect traders
EXCHANGES

IEOs Guide Blockchain Through Murky Regulatory Waters

[ad_1] Blockchain entrepreneurs looking to raise capital through token sales are still navigating through a difficult regulatory landscape. Different countries still view cryptocurrencies and blockchain quite differently and finding the right location to capture the most investors is tricky. ICOs have been an undoubtedly positive force for blockchain, giving exposure and capital to projects that have pushed the industry forward. Even so, they have been known to have issues with
BLOCKCHAIN

Stablecoin USDT Launched on Tron Blockchain

[ad_1] Tether has started issuing its stablecoin USDT on the Tron (TRX) blockchain. The development was announced in a blog post published on April 17.The development is an upgrade from the OMNI protocol-based USDT —  which is pegged to the United States dollar on a 1:1 basis — that now enables users to hold and transfer the cryptocurrency through smart contracts on Tron ensuring instant delivery.“It enables interoperability with Tron-based
BLOCKCHAIN

National University of Columbia Joins Blockchain Global Consortium for Science

[ad_1] The National University of Columbia is joining the global  blockchain consortium for science dubbed Bloxberg, Mauricio Tovar Gutiérrez, co-director of the research group at inTIColombia told Cointelegraph en Español on April 15.Bloxberg is a blockchain initiative formed by 12 research organizations from 10 countries and led by the Max Planck Society, with the National University of Colombia to be the only institution from Latin America. The parties reportedly aim
Business

US Presidential Candidate Andrew Yang Calls for Clear Crypto Regulations

[ad_1] Andrew Yang, a United States Democratic presidential candidate for the 2020 elections, is advocating for clear regulations on digital assets. Yang put the key operative points in a policy published on his campaign website.Yang — an entrepreneur who contributed $120,000 to establish Venture For America (VFA), an accelerator aimed at building new startups in emerging cities — is running for president in 2020. As part of his presidential campaign,
EXCHANGES

Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter

[ad_1] Over the last few weeks, bitcoin cash (BCH) and the network itself have been shining brightly after a year of bearish sentiment and the blockchain split last November. Most notably, this month BCH has shown a significant increase in daily transactions, the price has doubled, and today the network has produced the second highest value of onchain transactions settled in the last 24 hours. Also read: Strong Evidence Suggests
BLOCKCHAIN

The Reserve Bank of India’s Regulatory Sandbox Accepts Blockchain, Excludes Crypto

[ad_1] The Reserve Bank of India (RBI) has announced the terms of its regulatory sandbox in report on April 18. Per the terms of the sandbox, various applications of blockchain technology can be tested, while cryptocurrency-related projects are clearly excluded.Sandboxes are used by regulators around the world, including the Financial Conduct Authority in the U.K., so fintech companies can put their innovations to the test with a small number of
EXCHANGES

Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

[ad_1] An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U.S. presidential election, the Mueller Report claims. The culmination of a two-year investigation, the “Report On The Investigation Into Russian Interference In The 2016 Presidential Election” details the findings that Special Counsel Robert Mueller and his team uncovered during their inquiry into whether or not the Trump campaign colluded with