The group will provide a forum for cooperation and partnerships in the blockchain sphere and will help businesses to adopt the technology.
The People’s Bank of China found some violation of rules in the operations of major bitcoin exchanges.
The New York Department of Financial Services approved the virtual currency and money transmitter license for Coinbase after a thorough review of its applications.
The whilepaper underlines the importance of further advancement and development of the fintech to serve multiple political and financial goals.
China’s central bank unveiled plans to more closely inspect operations of digital currency exchanges in an effort to curb the yuan’s outflow.
The analysts underlined that there is no particular reason for the SEC disapproval, it is just a mixture of fear, uncertainty and doubt that can make the approval process difficult.
Post-trade financial services company has announced it will soon start developing new blockchain-based platform for processing credit default swaps.
The People’s Bank of China emphasized that bitcoin is not a currency and can’t circulate in the market as a real currency.
The current price slump is strongly connected with attempts of China to shore up the yuan.
Bitcoin has gained 123% in 2016, making it the top performing currency for the second year in a row.
Bitcoin offers instant and anonymous transactions, which made the cryptocurrency gain increased popularity in 2016.
Bitcoin is continuing its end-of-the-year bull rally, with the cryptocurrency price demonstrating its best performance over the last three years.