The government of the Chinese city of Guangzhou announced the allocation of 1 billion yuan (about $ 142 million) to subsidize blockchain projects, said Dovi Wang, managing partner of Primitive Ventures, citing local media. BREAKING Local Guangzhou gov just announced a 10B RMB (~ $ 150M USD) government funding dedicated in “blockchain subsidy” for “outstanding blockchain projects” More details […]
Finance
In the framework of AMA (Ask Me Anything – “Ask what you want”), the head of the American company Coinbase Brian Armstrong noted that the growth of DeFi decentralized finance is becoming exponential. According to Armstrong and Coinbase Custody CEO Sam Mackingale, DeFi services are gaining in popularity despite the still-relevant Ethereum scaling problems. DeFi sector growth can be measured by the amount of ETH blocked in the ecosystem. […]
Facebook will cease membership in the Libra Association if a project to create the digital currency of the same name is launched without the consent of the regulator. The head of the world's largest social network, Mark Zuckerberg, said this on Wednesday, October 23, during a hearing in the US Congress. The hearing at the House of Representatives Financial Services Committee lasted several hours, during which Zuckerberg […]
Startup Satoshis Games will develop an analogue of the Fortnite computer game with payment support in the Lightning Network – Lightnite. We are announcing our new game at @LNconf ⚡ Here is the medium article about Lightnite, our #Bitcoin integrated battle royale game ? You'll also find a trailer in the article: https://t.co/dgpzQYo7xn – Satoshi's Games ( @SatoshisGames) October 19, […]
The G20 said that stablecoins threaten the global monetary system and financial stability, and asked the IMF to assess the risks associated with them, reports Reuters. G20 countries will develop stablecoins based on recommendations from the Financial Stability Board (SPS) and the Anti-Money Laundering Development Group (FATF), which will provide relevant conclusions in 2020. “Until […]
TRON founder Justin Sun leads or is actively involved in the activities of a major Asian investment group that will support Polo Digital Assets, the new operator of the Poloniex bitcoin exchange. This is reported by The Block, citing informed sources in the startup Circle. Justin Sun wrote that he doesn’t buy anything, but invests a little to “support friends”. I'm not buying anything. […]
The Poloniex cryptocurrency exchange announced a reorganization of the company structure and a number of other major changes. 5/5: Please read this blog post for additional information: https://t.co/jisUlJtq7L – Poloniex Exchange (@Poloniex) October 18, 2019 First of all, Poloniex will separate from the parent company Circle. As a result, a new company is formed – Polo Digital Assets, Ltd, which will be supported by a certain “large investment group”. […]
Only 27% of German residents consider using Facebook's Libra digital currency as a means of payment. This is evidenced by a survey conducted by the Toluna Market Research Institute for Creditplus Bank AG and the local publication WirtschaftsWoche. 73% of the 2,000 people surveyed exclude the possibility of using Libra. Almost half of them do not trust Facebook, and 31% are skeptical […]
The Supreme Court of India adjourned the third closing hearing on the ban of the Reserve Bank (RBI) regarding the provision of services to individuals and companies related to Bitcoin and other digital currencies. #Correction: #Crypto v. #RBI case update: The date of next hearing was fixed and verbally communicated by the Judge as 12th November. But since 12th November is a holiday as […]
Startup Ripple announced a partnership with one of the world's largest developers of financial services software Finastra. Excited to announce our partnership with @FinastraFS! Learn more: https://t.co/ORcHrYSWQE pic.twitter.com/BvLroByIsp – Ripple (@Ripple) October 9, 2019 As part of the collaboration, Finastra customers will gain access to the RippleNet payment network. They will also be able to use the Ripple liquidity on demand solution on […]