CityCoins announces debut of NYCCoin
Before the crypto-enthusiastic mayor-elect has been sworn in, a grassroots effort announces it will launch a Bitcoin-backed token to support the city.
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Mastercard joins Amber Group, Bitkub and CoinJar to launch crypto payment cards
Mastercard has partnered with three crypto companies in Asia Pacific — Hong Kong-based Amber Group, Bitkub in Thailand, and CoinJar in Australia — to launch crypto-funded payment cards, according to a Nov. 8 media statement. Fast facts The three companies are the first APAC-based cryptocurrency platforms to join Mastercard’s global Crypto Card Program, which enables…
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Huobi migrates spot trading services to regulated entity in Gibraltar
Cryptocurrency exchange Huobi Global, which obtained a distributed ledger technology license from the Gibraltar Financial Services Commission in 2018, will be migrating its spot trading services to the regulated entity in Gibraltar (“Huobi Gibraltar”), the company announced today. Fast facts Huobi has received approval from the Gibraltar Financial Services Commission to migrate its cryptocurrency spot…
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New Hong Kong youth association hopes to nurture ‘patriotic fintech talents’
The city’s disaffected post-protest youth and recent statistics suggest a brain drain in the city’s future.
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Beijing budgets $37M for government affairs blockchain platform
China’s capital city, Beijing, is inviting public tenders on a project to build a blockchain platform and computing center for government affairs with a total bidding price of 242 million yuan (approximately US$37.8 million). Fast facts The bidding project, “Beijing Municipal Experimental Blockchain Platform,” is for storing residents’ and city facility’s information and dealing with…
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What are the digital assets powering the DeFi revolution?
Digital assets are disrupting financial services in ways not seen since the Middle Ages, writes Alex Tapscott of Ninepoint Partners. Here is the taxonomy for the future of finance.
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Chinese edtech company pivots to crypto mining amid China’s clampdown on tutoring
As China continues to crack down on the private tutoring sector, one education-tech company has decided to pivot into blockchain and cryptocurrency mining. Fast facts Nasdaq-listed Meten Holding Group, which officially changed its name from Meten EdtechX Education Group in August, has moved forward with plan for the new business venture in the crypto world,…
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South Korean regulator confirms that NFTs are not virtual assets
The country will follow global crypto guidelines in excluding non-fungible tokens (NFTs) from its categorization of virtual assets — meaning income from NFTs may remain untaxed in Korea.
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Ethereum sets new all-time price high as crypto market cap nears $3 trillion
Ethereum reached a new all-time price high of US$4,766 earlier today, flying past its previous all-time high record of US$4,634 set five days ago, according to CoinGecko data. Fast facts The world’s second-largest cryptocurrency by market value has been on a record run since late last month. On Oct. 28, Ethereum’s price climbed to US$4,416 for the first time. The…
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hashport launches to power cross-network digital asset transfers
hashport, a public utility that facilitates the movement of digital assets between distributed ledger technology networks without the need for a native network token, today announced that it will launch on Nov. 9, according to a media statement. At launch, hashport will connect the Hedera public distributed ledger to the Ethereum and Polygon networks. Fast…