Title

Description

Date

Bitcoin slumped to a six-month low on Friday after China's central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them. (BTC )

China's central bank launched on Friday a fresh crackdown on cryptocurrency trading in the financial hub of Shanghai, after Beijing's promotion of blockchain technology reignited interest in virtual currencies.

Shanghai headquarters of the People's Bank of China (PBOC) said it will crack down on cryptocurrency trading in the municipality, according to a statement from the PBOC on Friday.

About $400 million of XRP tokens, the currency for the Ripple payment network, is tied to illegal transactions, according to findings released on Wednesday by London-based Elliptic, a provider of risk management systems for the cryptocurrency industry. (XRP )

Singapore's central bank plans to bring bitcoin and other similar cryptocurrency futures traded on approved exchanges under its regulation in response to interest from international institutional investors, it said on Wednesday.

Fidelity Digital Assets, the cryptocurrency company of Boston-based Fidelity Investments, has been granted a license by New Yorks financial regulator, the company said on Tuesday.

Grayscale Investments, the world's largest digital currency asset manager with assets of roughly $2.7 billion, said on Tuesday it has filed with the Securities and Exchange Commission a registration statement on Form 10 for its bitcoin fund, a move aimed at broadening its investor base.

German airline Hahn Air, which offers scheduled and charter flights within Europe, announced on Monday it has issued the first airline tickets enabled by blockchain technology, in partnership with Winding Tree, an open-source travel distribution platform.

Some are backed by dollars. Others by gold. But this

Dutch fintech Adyen's focus is on organic growth as it launches a virtual and physical card-issuing business to complement payments services it already offers merchants, Chief Financial Officer Ingo Uytdehaage said on Thursday.

China's proposed digitized domestic currency is not a bid to gain full control of information belonging to the general

The U.S. Federal Reserve on Friday proposed delaying a new rule limiting foreign banks' credit exposure to a single counterparty, allowing non-U.S. regulators time to adopt similar regulations which foreign companies could opt to follow instead.

Progress on the feasibility of a digital currency backed by the European Central Bank could be made in the coming months, senior officials said on Friday, cautioning that the project faced challenges and was for the long term.

French Finance Minister Bruno Le Maire said on Friday there could be progress next year on the feasibility of a digital currency backed by the European Central Bank, but acknowledged the plan was for the long term and faced challenges.

France's Finance Minister Bruno Le Maire said on Friday there could be progress next year on the feasibility of a digital currency backed by the European Central Bank, but acknowledged the plan was for the long term and faced challenges.

Blockchain-based payments could revolutionize finance in the same way that internet companies transformed information and communications starting in the 1990s, according to technology investment pioneer Glenn Hutchins.

Hong Kong-based OSL, part of BC Group, said on Thursday it had become the first cryptocurrency firm to apply for a digital asset exchange license from the Securities & Futures Commission (SFC).

China, which is among the biggest manufacturers of bitcoin mining gear, has decided against eliminating the mining of the cryptocurrency, the state planner has indicated.

The use of blockchain technology solves the issue of information asymmetry in trade finance and the core problem of providing proof of trade authenticity, the Shanghai headquarters of the People's Bank of China (PBOC) and the city's commerce commission said in a statement on Thursday.

The use of blockchain technology solves the issue of information asymmetry in trade finance and the core problem of providing proof of trade authenticity, the Shanghai headquarters of the People's Bank of China (PBOC) said in a statement on Thursday.

A subsidiary of China's Huobi Group, one of the largest cryptocurrency trading platforms in the world, announced on Wednesday a $100 million investment for the creation of a data center in Argentina.

Central banks are looking at creating their own digital currencies - a stark contrast to the ethos of cryptocurrencies that seek to subvert mainstream authority over money.

The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook to introduce a private one met with a hostile response from global regulators.

Hong Kong's financial regulator published new rules on Wednesday that would allow cryptocurrency exchanges to receive an operating license, a step intended to improve regulation and standards and help prevent fraud.

China's digital currency will create a

China's digital currency aims to substitute for the central bank's M0 supply of paper notes and coins, and its issuance will hold no implications for monetary policy, a central bank official said on Wednesday.

Southeast Asia's largest bank DBS, Swiss commodities trader Trafigura [TRAFG.UL] and their partners have started a blockchain trading platform in Singapore aimed at reducing paperwork and improving trade flows, the bank said.

Australia's financial regulators may force Facebook to reveal details about its plans for a global cryptocurrency called Libra after the company failed to allay the watchdogs' concerns, The Australian newspaper reported on Wednesday.

The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook to introduce a private one met with a hostile response from global regulators.

As China prepares to become the first country to launch a digitized domestic currency, market participants and experts say it is a testament to both financial innovation and Beijings desire to have fail-safe control over its cash economy.

Traveloka, Southeast Asia's largest online travel startup, is looking to financial services to boost profits and could opt for a dual listing in Indonesia and another centre if the group launches an initial public offering (IPO), its president said.

Traveloka, Southeast Asia's largest online travel startup, is looking to financial services to boost profits and could opt for a dual listing in Indonesia and another centre if the group launches an initial public offering (IPO), its president said.

Calls by China's president to put blockchain at the heart of the country's innovation could tip the scales towards Beijing in the global race to lead in the fledgling technology, analysts and investors said.

Chinese state media urged investors to remain rational and not equate Beijing's support for blockchain as a boost for virtual currencies, after comments by Chinese President Xi Jinping drove up shares in blockchain-related firms and the price of bitcoin.

Paxos Trust Co, a New York-based regulated financial institution, said on Monday it will launch a blockchain-based settlement platform for a limited number of U.S.-listed equities after the company received a

Paxos Trust Co, a New York-based regulated financial institution, said on Monday it will launch a blockchain-based settlement platform for a limited number of U.S. listed equities after the company received a

Cryptocurrency trading platform Bakkt Trust Co LLC said on its blog on Monday it is focused on the development of consumer applications for digital assets and is testing this app with its first launch partner, Starbucks Corp , in the first half of next year.

Bitcoin held ground on Monday near a one-month high scaled over the weekend after China's president Xi Jinping said the world's second biggest economy should accelerate the development of blockchain technology. (BTC )

Governments in emerging markets must have greater say in the regulation of digital currencies that could facilitate illegal capital flows and disrupt foreign exchange management, a senior official of China's foreign exchange regulator said on Monday.

Commercial banks should step up their application of blockchain technology to embrace digital finance, a Chinese central bank official said on Monday.

China is studying the application of blockchain and artificial intelligence in cross-border financing with a focus on risk management, and will further liberalize its capital markets, a senior foreign exchange regulator said on Sunday.

* Looking into application of blockchain, AI in cross-border trade finance

China will further liberalise its capital markets and is studying the application of blockchain and artificial intelligence in cross-border financing and settlement, a senior foreign exchange regulator said on Sunday.

China's largely rubber stamp parliament has passed a new law on cryptography as the country gears up to launch its own digital currency, state media reported late on Saturday.

China's President Xi Jinping said the country should accelerate the development of blockchain technology as the core for innovation.

Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company's planned digital currency Libra was a

Bitcoin's price dropped on Wednesday to its lowest level against the dollar since the middle of May after Facebook Chief Executive Officer Mark Zuckerbeg, in testimony before Congress, expressed doubts about whether the company's cryptocurrency project Libra was going to work. (BTC )

Facebook Inc CEO Mark Zuckerberg sought to reassure skeptical U.S. lawmakers on Wednesday that the company's planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system.

Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world.

Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company's plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.