• Huobi purchase Bitflyer bithumb
    Politics,  Regulation

    Is China’s top crypto exchange Huobi looking to acquire South Korea’s and Japan’s top exchanges?

    A reporter suggests that Huobi is willing to acquire Japan’s largest exchange Bitflyer and Korea’s largest exchange Bithumb, but an investigation has put the deals on hold

    The acquisition of the two competitors would make Huobi one of the most powerful firms in crypto, considering that according to CoinMarketCap data Huobi is already the second most liquid cryptocurrency spot exchange. Bitflyer, on the other hand, is the seventh, and Bithumb the fifth.

  • Jack Ma wants digital currency
    Cryptocurrencies,  Politics

    Alibaba’s Jack Ma says switch to a digital currency

    The founder of China’s e-commerce giant believes China needs a new financial system based on a digital yuan

    Attacking the traditional financial system as too focused on risk prevention, Ma said on Oct. 25 that regulators are stifling opportunity for young people and new economies.

  • Europe clamps down on Libra
    Politics,  Regulation

    EU leaders to Libra: Follow tough rules or face ban

    In new proposals, some of Europe’s biggest economies want Facebook’s stablecoin project to be based in the EU and not in Switzerland… or else

    Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.

  • China tensions hit bitcoin price
    Bitcoin,  Politics

    Markets Report: Bitcoin price down from two-week highs as China tensions spook markets

    A trip above $9,400 soon comes to an end as concerns mount over the impact of U.S.-China sparring on equities and safe havens

    Bitcoin was fighting to preserve gains after hitting $9,400 on July 22, as fresh macro tensions appeared to put strain on bulls. Stock markets, to which the cryptocurrency continues to show significant correlation, were wobbly amid fresh tensions between the U.S. and China. Uncertainty over the latest $1 trillion coronavirus stimulus package added to the sense of foreboding which saw markets shed value.