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Chinese Yuan Poised to Become the World’s Third Largest Reserve Currency by 2030—Is DCEP Part of the Plan?

Chinese Yuan Poised to Become the World’s Third Largest Reserve Currency by 2030—Is DCEP Part of the Plan?

Morgan Stanley analysts are predicting that the Chinese yuan will become the third-largest reserve currency in the world, is the DCEP part of the plan?

PayPal Confirms Its Plan to Develop Cryptocurrency Capabilities in its Letter to the European Commission

PayPal Confirms Its Plan to Develop Cryptocurrency Capabilities in its Letter to the European Commission

In a letter to the European Commission in March 2020, payment giant PayPal has now confirmed that has it is actively working to bring cryptocurrencies capabilities on its platform. In the detailed letter, PayPal said that it has taken tangible and unilateral steps to further develop its capabilities in the cryptocurrency space.

Most Americans Plan to Use $1,400 Stimulus Checks to Invest in Bitcoin and Stocks - Mizuho Survey

Most Americans Plan to Use $1,400 Stimulus Checks to Invest in Bitcoin and Stocks - Mizuho Survey

Mizuho has released a new survey showing that with the third round of $1,400 stimulus payments already hitting Americans’ bank accounts, most recipients are planning to use their stimulus checks to buy Bitcoin and stocks. Interestingly, the survey found that Bitcoin was a more popular choice among stimulus recipients than stocks.

Huobi Announces Plan To Launch A Fiat Gateway For Turkish Users

Huobi Announces Plan To Launch A Fiat Gateway For Turkish Users

At the Eurasia Blockchain Summit Istanbul, Huobi Global declared its ambition to launch a crypto trading platform for Turkey users which will start with Turkish Lira (TRY) / paring and which they hope will enable users to exchange more crypto assets with greater liquidity.

Coinbase and Venmo Users Angered by Privacy Issues—Fintech Firm Faces Second Class Action Lawsuit

Coinbase and Venmo Users Angered by Privacy Issues—Fintech Firm Faces Second Class Action Lawsuit

A second lawsuit has been filed against the fintech company Plaid, for violating user data privacy agreements they hold with major financial accounts that use Coinbase and Venmo.

Telegram Maintains Gram is not a Security, Urges Court to Deny SEC Action

Telegram Maintains Gram is not a Security, Urges Court to Deny SEC Action

Telegram, in an October 16th filing, has asked the Southern District Court of New York to deny the request by the United States Securities and Exchange Commission for a preliminary injunction on Gram, Telegram’s native cryptocurrency.

Chainlink Price Gains Bullish Momentum as LINK Whales Accumulate

Chainlink Price Gains Bullish Momentum as LINK Whales Accumulate

LINK is currently trading at $11.20, following the price action of Bitcoin and other large-cap cryptocurrencies in the market.

Japan Will Include Central Bank Digital Currency in Honebuto Economic Plan

Japan Will Include Central Bank Digital Currency in Honebuto Economic Plan

The Japanese Government has continued its acceleration towards a Central Bank Digital Currency (CBDC) and is set to include its consideration in its formal economic plan.

Mike Bloomberg: US Presidential Candidate Highlights Crypto Adoption In Agenda for Financial Reform

Mike Bloomberg: US Presidential Candidate Highlights Crypto Adoption In Agenda for Financial Reform

The United State presidential candidate for the upcoming 2020 election Mike Bloomberg is set to tender a proposal seeking to accommodate regulations for cryptocurrencies in a new financial plan that will be duly regulated.

Brexit Border Issues Solved by Blockchain? The EU Has Doubts

Brexit Border Issues Solved by Blockchain? The EU Has Doubts

ELAND, a consortium of border security professionals, IoT experts, and haulage industry professionals, have come together with a plan to use blockchain technology to track cross-border trade after the United Kingdom leaves the European Union.

Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

Paraguay is looking to take its cryptocurrency industry mainstream, in light of the Financial Action Task Force’s (FATF) guidance on virtual asset service providers (VASPs) released earlier this year.

Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation

Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation

Two US cryptocurrency exchanges Bittrex and Poloniex have been added to a class-action lawsuit that alleges billions of unbacked Tether stablecoin were used to manipulate Bitcoin prices. The two US exchanges have been added as defendants in an ongoing lawsuit against Tether and Bitfinex. Poloniex and Bittrex have been summoned to appear to the court because of their alleged involvement in the manipulation of Bitcoin price during the bull run in 2017.

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