Mark Zuckerberg Advocates for Digital Community Self Governance

Facebook CEO Mark Zuckerberg believes the digital currency space needs oversight not just by government regulation but also community self-governance, which he termed as “another and perhaps even better way”. He said in a Facebook post;  “One of the big…

ECB President, Lagarde, Pushes for Central Bank Digital Currency

The president of the European Central Bank (ECB), Christine Lagarde, has thrown her weight behind the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments. Speaking…

China’s Top Bank says that a Government Backed Digital Currency is Close

The people’s bank of China has said that it is progressing smoothly with its development of a government backed digital currency. The bank issued this statement during a conference in Beijing that was held on Jan 2-3 according to an…

Chinese Province Launches Blockchain-based SME Financing Project

The Chinese province of Guangdong’s government launched a Blockchain based financing platform that will help small enterprises in the region access loan financing quicker from commercial banks. The government led project is supported by Oneconnect, which is a fintech firm…

Three Men Charged by U.S Authorities Over $722 Million Crypto Ponzi Scheme

Three men have been charged by U.S authorities for having taken part in a $722 million cryptocurrency Ponzi scheme. The three Matthew Brent Goettsche 37, Joseph Frank Abel 49, and Jobadiah Sinclair Weeks 38, have all been charged with conspiracy…

Softbank Launches Card that Integrates a Blockchain Wallet

Japan’s telecom carrier Softbank has just launched its SBC Wallet Card (Softbank Card 3.0) which will integrate a Blockchain wallet. The bank card will have the basic features that such cards have as well as other additional functions. Card owners…

German Bank Boosts Bitcoin with Negative Interest Rates Move

Germany’s first bank is demanding that savers pay it to hold their money. The bank is demanding payment to hold custody of their money even if it means one euro per account. According to multiple local press outlets, including the…

India is Looking at Blockchain Technology as the Next Step in Contemporary Warfare

India’s defense minister believes that Blockchain technology is the next step in contemporary warfare. While addressing an envoy of over eight nations on Monday November 4, in a precursor event to February 2020’s India DefExpo conference, the minister said that…

China unbans Crypto!!

China is taking an abrupt crypto U-turn that is surprising everyone in the crypto community. A country that only a few months ago had a lot of anti-crypto sentiment is increasingly becoming more open to the technology. According to Twitter-based…

Jack Dorsey: Twitter will not be Joining Libra Association

According to Twitter CEO Jack Dorsey, the social media giant will not be part of the Libra foundation. Dorsey replied with a resounding “Hell no” when asked about his firm’s potential membership of the Facebook-led crypto payments scheme at a…