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Facebook’s Libra Launch Will Be Halted Until Proper Regulations Are Set, According to G7 Draft

Facebook’s Libra Launch Will Be Halted Until Proper Regulations Are Set, According to G7 Draft

A G7 statement showed that the financial leaders of the world’s seven largest economies will oppose the launch of Libra.

China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes

China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes

China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018. The Financial Blockchain Shenzhen Consortium (FISCO) is backed by more than 100 Chinese organizations, including Huawei, Tencent, JD Finance, and WeBank, which is partly backed by Tencent. Developed by FISCO, the enterprise blockchain protocol was the first blockchain to be supported by China’s Blockchain Service Network.

Facebook to Launch Libra Cryptocurrency in January 2021, But in Limited Format

Facebook to Launch Libra Cryptocurrency in January 2021, But in Limited Format

According to a new developing story, Facebook expects to launch its Libra cryptocurrency in January next year, but in a limited format.

South Korea Sets Up Panel to Accelerate CBDC Launch

South Korea Sets Up Panel to Accelerate CBDC Launch

In a bid to keep up with global trends in the development of a Central Bank Digital Currency, South Korea launches a 6-man panel to review regulatory issues

Ripple-Backed BBVA Bank to Launch Cryptocurrency Trading in 2021

Ripple-Backed BBVA Bank to Launch Cryptocurrency Trading in 2021

BBVA, Spain’s second-largest bank, announced its plans to introduce cryptocurrency trading and custodial services in early 2021.

China to Launch Its Own Digital Currency Later This Year

China to Launch Its Own Digital Currency Later This Year

In order to remain ahead in the global competition, China plans to launch its own digital currency known as Digital Currency Electronic Payment (DCEP). The digital currency will stimulate daily banking activities like deposits, payments, and withdrawals from the digital wallet. Crypto news website Coin Journal shows that the People’s Bank of China, China’s central bank has initiated the efforts to roll out its very own digital currency. It is an effort aimed at staying ahead among all the central banks worldwide as well as preserving financial sovereignty.

Korean Blockchain Games Are Becoming More Mainstream in Global Markets

Korean Blockchain Games Are Becoming More Mainstream in Global Markets

The latest Game “Crypto Legends” and “Knights Story” developed by Weneepl and Biscuit gaming have been released into the markets with a large demand happening all across the world. In Korea due to market rulings and regulations, the games are not in full availability in Korea, but booming abroad.

S&P Dow Jones Indices Plans to Launch Crypto Indexes in 2021

S&P Dow Jones Indices Plans to Launch Crypto Indexes in 2021

S&P Dow Jones Indices, a provider of investable and benchmark indices to the financial markets has said it will be launching index funds for crypto in Jan 2021.

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Hong Kong's innovation hub, Cyberport along with leading global enterprise blockchain platform provider R3 and FORMS HK have launched the Block AdVenture program.

Binance Partners with Amun to Launch BNB ETP on Swiss SIX Exchange

Binance Partners with Amun to Launch BNB ETP on Swiss SIX Exchange

Cryptocurrency exchange Binance has partnered with Switzerland-based exchange-traded product (ETP) Amun to launch the Binance token (BNB) ETP. The BNB ETP is listed on the Swiss stock exchange, SIX under the ticker ABNB and is available for purchase through a bank or brokerage similar to a stock.

Intercontinental Exchange Plans to Launch Bakkt Bitcoin USD Cash Settled Monthly Futures

Intercontinental Exchange Plans to Launch Bakkt Bitcoin USD Cash Settled Monthly Futures

Singaporean Intercontinental Exchange (ICE) announced its plan to launch the Bakkt Bitcoin (USD) Cash Settled Monthly Futures, the first well-regulated futures platform for cryptocurrencies, on December 9.

World Economic Forum Launches Global Consortium for Digital Currencies Governance

World Economic Forum Launches Global Consortium for Digital Currencies Governance

The World Economic Forum has unveiled a global consortium that aims to design a framework for the governance of digital currencies, including stablecoins. The consortium will focus on increasing access to the financial system through innovative policy solutions, which are interoperable and inclusive. The inspiration behind the formation of the consortium is based on the premise that opportunities for financial inclusion can only be unlocked if the space is properly regulated and include private-public cooperation across emerging and developed markets.

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