• Coinbase denies racial discrimination
    People,  Politics

    Coinbase denies upcoming New York Times racial discrimination allegations

    The U.S. exchange warns a story about disgruntled black employees is coming in the wake of Brian Armstrong’s controversial “apolitical’ stand over Black Lives Matter

    The major U.S. cryptocurrency exchange Coinbase is bracing for another wave of criticism in the wake of CEO Brian Armstrong’s controversial stand against corporate support of political issues like the Black Lives Matter movement. In a Nov. 25 blog post, Coinbase warned employees that an article that will be published on Sunday by the New York Times alleging racial discrimination inside the firm.

  • digital yen help crypto Monex
    Cryptocurrencies,  Politics

    Digital yen will help the crypto space: Financial services giant Monex

    The head of the mainstream financial services firm behind crypto exchange Coincheck believes that CBDCs will make life easier for crypto services

    Monex head Oki Matsumoto said that he appreciates Bank of Japan’s plan to study the development of a digital currency and that he believes it will help the country move toward a more efficient, digitized economy

  • Ratcliffe SEC investigate Chinese control crypto
    Bitcoin,  Cryptocurrencies,  Ethereum,  Politics,  Regulation,  Ripple

    U.S. intelligence head asked SEC to investigate Chinese control over crypto: Report

    The Washington Examiner reports that Director of National Intelligence John Ratcliffe asked SEC Chairman Jay Clayton to investigate the control China’s mining dominance gives it over cryptocurrency

    The article said Ratcliffe’s letter represented “a push by President Trump's spy chief to convince the SEC to implement rules that make it easier for U.S.-owned cryptocurrency companies to compete against those based in and controlled by China.”

  • China second digital yuan lottery
    Cryptocurrencies,  Politics,  Regulation

    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.