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.
-
-
Monex (and crypto exchange Coincheck) head Oki Matsumoto wants a digital yen (Photo: Wikimedia Commons)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
-
U.S. Director of National Intelligence John Ratcliffe is apparently concerned about Chinese influence over bitcoin (Photo: Office of the DNI)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.”
-
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.