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The waters of transparency issues have been stirred with Ethereum co-founder Vitalik Buterin saying that the Ethereum Foundation (EF) sold ETH 70,000 at the top. It was worth c. USD 100 million at the time, and less than USD 10 million today. “I did get the Ethereum Foundation to sell...
The Committee on Payments and Market Infrastructures (CPMI), hosted by the central bank of central banks, the BIS, has released a report which informs developers and market participants how wholesale digital tokens might look like. Today, wholesale payments between financial institutions are effected through central systems and payment arrangements using...
Major cryptocurrency exchange OKEx announced the upcoming launch of its Options Trading. This move comes ahead of CME’s Bitcoin (BTC) futures contracts, the testing of which started today. OKEx promised to launch options trading on December 27, offering both buy and write options. “Developed from the ground up, OKEx Options...
The People’s Bank of China (PBoC) has issued some USD 2.8 billion worth of blockchain-issued financial bonds to small business loans in China. Per reports from Xinhua and Naeil Shinmun, the central bank says that it used its “own independently developed blockchain bond issuance system” to issue the bonds on...
PureGold is a gold oriented business with 10 years of experience in minting gold coins and bars which was founded in Singapore back in 2010 has adopted blockchain technology to create a gold-backed cryptocurrency payment gateway.  The token would enable users to make payments against real physical gold. The decentralized...
Fueled by the news of a new adoption project, VeChain (VET) is today by far the best-performing coin in the top 100 by market capitalization. (Updated on December 3: updates in bold). The 25th coin has rallied, jumping 20.24% in the last 24 hours, but also 35.01% in the last...
An Indonesian cryptocurrency exchange platform named Tokocrypto says it has become the first platform to officially register with the country’s financial regulator, the Commodity Futures Trading Regulatory Agency (known locally as Bappebti). Recently introduced legislation means crypto exchanges in the country must first register with Bappebti for permission to operate...
As the price of Bitcoin (BTC) continues to drop, there’s been talk that many Bitcoin miners will have to start shutting down their machines. The world’s most expensive cryptocurrency has been getting cheaper lately, dropping below USD 9,000 on November 8, and some analysts estimate it could go below USD...
While the price of Bitcoin (BTC) is dropping, the mining difficulty and hash rate went up. This has led some market observers to believe that we may not see a mass miner capitulation yet. (Updated at 15:09 UTC: updates in bold). When the price drops and mining revenues decrease, miners...
PureGold, a gold oriented business from the Asia Pacific region with over 10 years of experience in minting gold coins and bars, has decided to use blockchain technology. The firm is set to launch its payment gateway PGPay which would enable users to make payments against real physical gold. The...