Five months after ConsenSys acquired the Quorum blockchain from creator JPMorgan bank, the Brooklyn-based Ethereum development firm has announced a major coup: a partnership with China’s national blockchain project.
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CCB International Securities dumps gold for bitcoin
Mark Jolley said that the Hong-Kong-based asset management firm sold one-third of its gold for bitcoin, despite being owned by China Construction Bank, a giant in bitcoin-banning China
Jolley suggested that a bitcoin allocation belongs in all portfolios, after suggesting that the United States dollar will see significant inflation next year. “We normally have a 15% allocation [...] to gold, bitcoin will come in and replace some of that gold allocation. I’ve set it at 5%," he said.
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Ripple, Garlinghouse come out swinging at SEC’s XRP lawsuit
Saying it is fighting for the entire crypto industry, Ripple and its CEO responded aggressively to the Securities and Exchange Commission’s claim that XRP is an unregistered security they sold illegally
Rather than the accommodating tone most companies take when sued by the SEC, Ripple, Garlinghouse, and Larsen have come out the door swinging, accusing the agency of legislating by litigation and promising to fight the charges vigorously on behalf of both themselves and the larger cryptocurrency industry.
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Chinese President Xi Jinping told G20 leaders it's time for central bank digital currency rules (Photo: Chinese Ministry of Foreign Affairs)China launches second lottery to test digital yuan
China’s central bank will repeat its $1.5 million “red envelope” central bank digital currency program in Suzhou, following the successful run in Shenzhen
The Shenzhen test acted as both a stress test and a marketing initiative. The City government gave away $1.5 million to 50,000 randomly selected citizens, who each received 200 yuan—about $30—usable at any of the 4,000 merchants who accept the digital yuan. The Suzhou test will include important new features that did not factor into the Shenzhen trials, most notably the ability to pay while offline.
