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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.

IDAX Freezes Cold Wallet Transactions Following CEO Disappearance

IDAX Freezes Cold Wallet Transactions Following CEO Disappearance

Something fishy might be happening as the IDAX cryptocurrency exchange’s CEO goes missing and its users are advised to halt using the exchange’s services.

Active Bitcoin Addresses Hit Third-Highest Level in November

Active Bitcoin Addresses Hit Third-Highest Level in November

The number of active BTC addresses hit the third-highest level in November at almost 19.6 million Bitcoin wallets.

Barclays Is Finished with Coinbase, Clearbank Steps In

Barclays Is Finished with Coinbase, Clearbank Steps In

Barclays, the London based bank, has cut ties with cryptocurrency exchange Coinbase as reported by CoinDesk.

More Than $400 Million in Bitcoin Withdrawn from BitMEX Following CFTC Charges

More Than $400 Million in Bitcoin Withdrawn from BitMEX Following CFTC Charges

$400 million have been withdrawn from Bitmex in less than 24 hours after the US CFTC filed a legal enforcement action against the exchange’s owners.

BitBay Exchange Plans to End Market Trading of Monero on its Platform

BitBay Exchange Plans to End Market Trading of Monero on its Platform

As reported by BitBay on November 25, the cryptocurrency exchange platform will stop offering market support for the privacy-focused coin Monero, starting from November 29.

OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist

OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist

Colin Wu, a Chinese blockchain journalist thinks it is unlikely Mingxing Xu, the founder of OKEx crypto exchange has anything to do with a Yuan money-laundering scheme.

Ethereum Istanbul Hard Fork Successfully Completed and Supported by Major Exchanges

Ethereum Istanbul Hard Fork Successfully Completed and Supported by Major Exchanges

Ethereum has successfully hit block number 9,069,000, where the Istanbul hard fork has been completed. Istanbul is Ethereum’s eighth hard fork overall, addressing issues such as denial-of-service attack resilience, interoperability with equihash-based proof-of-work and gas costs, which is the cost to send a transaction on the Ethereum network.

OKG Holdings Says OKEx Founder Investigation Won't Impact Business, OKB Price Plunges Further

OKG Holdings Says OKEx Founder Investigation Won't Impact Business, OKB Price Plunges Further

OKG Technology Holdings Limited has announced that operations won't be affected, despite the PRC investigation into controlling shareholder and OKEx Founder Star Xu.

Sweden's Sveriges Riksbank Begins Testing Its Blockchain-Powered Central Bank Digital Currency

Sweden's Sveriges Riksbank Begins Testing Its Blockchain-Powered Central Bank Digital Currency

Sweden’s Riksbank announced that it had started testing an e-krona, taking one step closer to the release of a central bank digital currency.

OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge

OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge

OKEx has caused a mild selling panic in the crypto markets after suspending withdrawal services to cooperate with an investigation with the BTC price plunging nearly 3%.

Argentina’s Central Bank Set to Prove Non-Crypto Use Cases of Blockchain Technology with its New Clearing System

Argentina’s Central Bank Set to Prove Non-Crypto Use Cases of Blockchain Technology with its New Clearing System

The Central Bank of Argentina (BCRA) is now looking to test a blockchain-based clearing system to be used by the country’s major financial institutions. The aim of the blockchain clearing system is to provide efficiencies for fiat payments and enable them to be more reliable and to provide end-to-end traceability.

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