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Central Bank Digital Currency (CBDC) Race: 2020 Year in Review
As 2020 comes to a close, we take a look back at the most important developments regarding the pursuit of Central Bank Digital Currencies (CBDC).
World's largest electronics and lighting marketplaces open in Oct
New AI & Voice Recognition zone plus smart lighting products
Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals
Government officials identified that cryptocurrencies are used to collect and transfer 1 trillion yuan out of China to online gambling and casinos every year.
World's Largest IPO Ant Group to Raise $34.4 Billion, What is behind it?
Ant Group priced its dual listing on the Hong Kong Stock Exchange and Shanghai's Star Market at 80 Hong Kong dollars ($10.32) and 68.8 yuan ($10.26) per share respectively,
President Trump Nominates Brian Brooks to Serve as US Comptroller of the Currency for A Five-Year Term
President Trump has nominated Brian Brooks to lead as the national bank regulator for a full five-year term.
FTX Exchange Acquires Blockfolio for $150M, Sixth-Largest Crypto Acquisition in History
FTX cryptocurrency exchange is now expanding its retail aspirations by acquiring the top crypto app, Blockfolio for $150 million.
Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody
Kookmin Bank, the largest commercial bank in South Korea, will start offering Bitcoin custody services through a new partnership with crypto trading firm Cumberland Korea and blockchain venture fund Hashed.
Can Polkadot Maintain the Position of Being the Fourth Largest Crypto in the Long Run?
Polkadot has surged in its market cap, enough to place it as the fourth-largest crypto in the place of XRP. Can DOT maintain this position?
Bitcoin Bull Tim Draper Says Regulators Have Made IPOs Too Expensive
Speaking on Unitize panel, billionaire investor Tim Draper advised blockchain companies to avoid funding through an initial public offering (IPO) as regulators have made the process far too expensive.
United States’ Third Largest Bank Wells Fargo to Reveal Coin in 2020
USA’s fourth-largest bank has announced it will develop its own cryptocurrency for international transfers in 2020.
Binance US Joins Exchanges to Delist XRP Token as Price Downfall Dubbed "Third Largest Collapse of All Time"
Binance US has joined the growing list of cryptocurrency exchanges to announce that they will be delisting XRP.
Blockchain: Emergence of a New Breed of Tax Professionals in the Digital VAT World
Governments around the world are seeking new sources of revenue, and value-added tax (VAT) is the key revenue driver and the largest contribution to governmental budgets. Each year billions of dollars are lost in tax revenue due to non-compliance, evasion, fraud, and non-collection.