France warned that it will block the development of Facebook’s planned Libra cryptocurrency in Europe as it represents itself a threat for the “monetary sovereignty” of governments.
Both Facebook and the People’s Bank of China, have announced their digital currencies and are looking to release them to the public as soon possible. What does this mean for financial inclusion and the global blockchain industry?
On Thursday, September 12th, the Litecoin is declining again, trading at $68.63.
Binance announced the listing of its USD-backed stablecoin BUSD. According to the announcement by Binance CFO Wei Zhou and Richmond Teo, Co-Founder and CEO Asia of Paxos Trust Company, BUSD will become available to public next week.
Using a token on Ethereum to represent the $20 million debt issuance, Santander settled both sides of a bond trade with another set of ERC-20 tokens representing cash held in a custody account.
Binance is set to resume operations in the United States of America under the name of Binance US. This indicates that the cryptocurrency exchange is doing everything possible to gain an upper hand in the marketplace.
In recent news, Seed SX’s subsidiary Zero Hash announced that it will support derivatives transactions, thus opening the gates for institutions to clear derivatives on its platform.
The Binance Futures platforms have already created a lot of buzz with over $150 million worth contracts traded. Currently, users have been given a limited access on a referral basis.
Circle CEO Jeremy Allaire said that China’s research and development on CBDC outclass its peers and the digital version of Chinese Yuan could possibly bypass the Western banking system.
Nasdaq’s Defix index will offer real-time tracking of crypto assets of different blockchain projects like MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo.
Binance recently launched its futures trading platform which is on an invitation-only basis. The soft launch has already raised about $150 million in less than twenty-four hours. This may mean good things for the cryptocurrency exchange.
Coinbase may launch an IEO platform and issue a proprietary exchange token. Such information has been provided by Kayvon Pirestani, Coinbase’s head of institutional sales in Asia, during Invest: Asia conference on Wednesday.
Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight.
Gemini cryptocurrency exchange has announced the launch of its custody product dubbed Gemini Custody that will support 18 tokens letting traders transact instantly since it offers them credit.
Among the list of fiat currencies released by Facebook, the company has so far exempted the Chinese Yuan as a fiat backing its Libra token.