Wednesday, Oct 21, 2020
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Analysis: How Jack Ma built China's money supermarket into a $200 billion company
Ant Group, which started out as a service for China's nascent e-commerce industry, has become one of the biggest financial tech firms in the world.
Swiss region to take cryptocurrency for tax payments in 2021
A Swiss region that has billed itself as a hub for high-tech finance says it plans to accept cryptocurrencies Bitcoin and Ether for tax payments starting next year
California Man Pleads Guilty in $722 Million Crypto Fraud Plot
A California man pleaded guilty to a cryptocurrency mining fraud of at least $722 million that prosecutors said amounted to a “high-tech Ponzi scheme.”
Report: $50B In Cryptocurrency Moved Out Of China
More than $50B of cryptocurrency was moved from China last year, a potential violation of the nation's limits on how much money can be sent abroad.
US says it has seized millions in cryptocurrency meant to fund terrorist groups
It’s the ‘largest-ever seizure of cryptocurrency in the terrorism context’. "Terrorist networks have adapted to technology."
Digital Dollar To Be ‘In Competition’ With Bitcoin
The former governor of the Reserve Bank of India, Raghuram Rajan, has said bitcoin and Facebook's libra cryptocurrency may eventually be "in competition" with central bank digital currencies...
Hong Kong gives approval in principle to OSL for first crypto exchange license
Hong Kong's markets regulator has agreed in principle to issue a license to cryptocurrency firm OSL Digital Securities, a unit of Fidelity-backed BC group , the company said in an exchange filing on Friday.
Barbados to Host Caribbean Tech Event
The thirteenth regional meeting of the Caribbean Network Operators Group, or CaribNOG, will take place in Barbados from April 18 to 19, 2017.
MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset
MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees an...
Russia Is Set to Create a New Regime for Tokenized Securities
The new Russian “crypto” law provides a regulatory regime for tokenized securities and has no regulation for cryptocurrencies
British Virgin Islands: New Regulations Enable BVI Companies To Trial Innovative Fintech Products
The British Virgin Islands recently introduced new regulations relating to products and services in the innovative fintech space, reaffirming its commitment to remaining a jurisdiction of choice for new financial products and services.
Voices of freedom to china and the whole world? China urged to develop its own international payment system to counter risk of US financial sanctions
Chinese economists weigh in on possible measures to insulate China from Washington’s response to the implementation of a national security law in Hong Kong. Dethroning the US dollar’s global dominance is said to be a long-term project, s...
Jack Ma’s Ant Group, valued at US$200 billion, to kick start concurrent IPOs in Shanghai and Hong Kong, bypassing New York
The IPO could peg Ant Group at more than US$200 billion, more valuable than state-owned China Construction Bank and just shy of Bank of America. China’s richest man Jack Ma effectively controls about 50 per cent of the voting interest in...
Bill Gates, Joe Biden, Elon Musk, Kim Kardashian West, And Barack Obama's Twitter Accounts Were Hacked In A Bitcoin Scam
A tweet sent by some of Twitter's biggest accounts asked for Bitcoin and promised to "double all payments" sent to an address. It's a scam.
Octopus allows payments via iPhones, Apple watches
Octopus Cards has announced that iPhones and Apple Watches can now be used to make transactions instead of its cards, thanks to a software update that was revealed on Tuesday.
China has new US$1.4 trillion plan to seize the world’s tech crown from the US
The tech investment push is part of a fiscal package waiting to be signed off by the National People’s Congress, which convenes this week. This initiative will reduce China’s dependence on foreign technology, echoing objectives set forth...
Bitcoin just went through a massive change known as 'halving'
The digital cryptocurrency Bitcoin has just experienced a rare event known as ‘halving’ where the value of unlocking a Bitcoin drops.
BIG DATA=BIG MONEY: Jeff Bezos sold $3.4bn of Amazon stock just before Covid-19 collapse
Members of Congress have a long history of trading stock on confidential information. In fact, up until just a few years ago it was legal and perhaps the best perk of their jobs as “public servants.” Now Big-Data-Kings joins the party. A...
Sweden is now testing its digital version of cash, the e-krona
The Riksbank, Sweden’s central bank, has announced the launch of a year-long pilot project of its proposed e-krona. The project will use distributed ledger technology inspired by the blockchains that run cryptocurrencies.
Cryptocurrencies see $93.5 billion wiped off value in 24 hours as bitcoin plunges 48%
Bitcoin was down 48% from 24 hours before at 10:24 a.m. Singapore time at $4,001.60, according to data from Coindesk. The market capitalization, or total value of the entire cryptocurrency market, plummeted around $93.5 billion in the sp...
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