China is on a fast track to becoming a global digital currency power.Billionaire Michael Novogratz warns that the country might undermine the United States’ reserve status.Some politicians are wary about embracing cryptocurrency networks.Billionaire Michael Novogratz has warned that the United States’ reserve status is likely to be undermined by China’s blockchain and cryptocurrency revolution. In…

MUFG has been touting a cryptocurrency for over a year now.The digital currency will be used in a mobile payment service.The service could be rolled out by the end of 2020’s first half.A much-publicized plan by Japan’s biggest bank Mitsubishi UFJ Financial Group (MUFG) to launch a cryptocurrency has been scaled back.The financial giant will…

Trials for a French wholesale central bank digital currency will kick off next year.France is responding to the threat posed by Facebook’s Libra to monetary policy sovereignty.The EU country is hoping to be the first to issue a wholesale CBDC.Immediately after Facebook announced its plans for a global cryptocurrency, France emerged as one of the…

IDAX’s many problems continue to stroke suspicion.The exchange finally admits “the truth”.Is this all a cover-up for an exit scam?In a story reminiscent of the QuadrigaCX scandal, crypto exchange platform, IDAX Global, has no idea where its CEO is, plus, he holds the exchange’s private keys…Oh boy, it’s been a pretty lousy week for crypto…

The digital currency will allow anonymity to users… but only to an extent.Analysts are predicting the government-backed crypto will be out early next year.Blockchain efforts by the People’s Bank of China have ramped up in recent weeks.China has brushed aside concerns that its planned government-backed crypto will be used to keep tabs on the activities…

China continues its crackdown on crypto exchanges.Binance and Bithumb raid rumors cause widespread FUD.Will China’s U-turn on crypto impact the market?The Peoples Bank of China (PBOC) has reiterated its position on crypto trading, vowing the immediate disposal of cryptocurrency exchanges.For weeks China’s strict attitude towards cryptocurrencies has seemingly morphed into something less stringent. Blockchain technology…

Cryptocurrency and blockchain platforms have always viewed mass adoption as the holy grail of achievement. While it is true that the new industry is constantly improving its image and increasing global presence, it is still a far cry from mainstream adoption. This is especially true when it comes to actual sovereign countries and their governments…

Bitcoin plunges to six-month low.Crypto markets fall below $200 billion for the first time since the spring.Bitcoin’s Fear & Greed Index prints “extreme fear.”Crypto markets plunged anew on Friday and are on track for their worst performance in two months, as bitcoin’s fear and greed index flipped to “extreme fear” following China’s stern warning targeting…

Bitcoin to flip gold by 2028, says Bobby Lee, founder of BTCC, the world’s first bitcoin exchange. Stock to Flow model supports the prediction. A weak dollar may adversely affect bitcoin’s price point. Bitcoin bull and CEO of BTC China, Bobby Lee, has thrown down his latest forecast, suggesting that bitcoin will flip gold’s market…

Myanmar is looking to shed its image of an isolated country and is entering the global economic mainstream. Technology is helping it take that leap. SKYBIT is the very first enterprise that is continuously building a blockchain-powered ecosystem to support Myanmar’s official transformation initiatives and help its businesses, individual traders and aid organizations enjoy the…