Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

Billionaire Michael Novogratz has warned that the United States’ reserve status is likely to be undermined by China’s blockchain and cryptocurrency revolution. In the forewarning, he underscores that China is already ahead in some areas such as fintech, and the United States is merely playing catch-up. Continue reading Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

Bakkt, a bitcoin futures exchange backed by the Intercontinental Exchange (ICE), announced that it is launching custodial services for institutional enterprises. This is not the first organization to provide bitcoin custody, but the firm believes that it would set the stage for the mass adoption of the technology. Continue reading Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

China Guarantees Citizens On-Demand Anonymity With State Digital Currency

China has brushed aside concerns that its planned government-backed crypto will be used to keep tabs on the activities of its citizens. Allegedly, users of the centralized digital currency will be guaranteed ‘controllable anonymity’ as long as they are not engaging in illegal activities. This is according to the head of the digital currency research institute at the People’s Bank of China, Mu Changchun. Continue reading China Guarantees Citizens On-Demand Anonymity With State Digital Currency

Australia’s ‘E-Crime Squad’ Arrests Man Flouting Unregistered Crypto Exchange

Police in southeastern Australia arrested a 38-year old man on Tuesday for providing “unregistered cryptocurrency transactions.” Detectives known as the ‘E-Crime Squad’ arrested the man in Cairnlea and are holding him for questioning. Continue reading Australia’s ‘E-Crime Squad’ Arrests Man Flouting Unregistered Crypto Exchange

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