China: Insurance Giant Ping An Subsidiary to Create Boutique Bank Supported by Blockchain

Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the Internet of Things (IoT). Ping An Insurance Group is one of the world’s leading financial and insurance corporations, and their subsidiary’s announcement was reported on Nov. 20 by People’s Daily, China’s official state […]

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Bitfinex Activity, Tether-BTC Price Relation Under Scrutiny from US DoJ, Sources Claim

The U.S. Department of Justice (DoJ) has focused its investigation crypto market manipulation on whether or not Tether (USDT) was used to artificially inflate Bitcoin (BTC) prices during last year’s momentous rally, Bloomberg reports Nov. 20. Bloomberg cites three unnamed sources “familiar with the matter” who allege that the DoJ has “honed in” on the […]

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Blockchain Network Takes on Ethereum ERC20 and Claims it is Faster and Cheaper

A new blockchain platform believes it is a “more attractive and accessible destination” for hosting tokens than the likes of Ethereum’s ERC20 platform, as it gives developers the support they need to build, market and launch custom tokens successfully. LindaX says it wants give entrepreneurs an opportunity to sculpt “absolutely unique tokens with exclusive features […]

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Spain’s Finance Ministry to Inspect 15,000 Crypto-holding Taxpayers to Prevent Tax Fraud

The Spanish Ministry of Finance (Hacienda) will oversee 15,000 taxpayers who have made transactions with cryptocurrencies in the last year, El País, the largest Spanish-language newspaper, reports Nov. 19. Under the auspices of Hacienda, Spain’s tax agency, the Agencia Estatal de Administración Tributaria (AEAT), underlined that it will monitor “the fiscal incidence of these new […]

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UK Regulator Considers Cryptocurrency Derivatives Ban Due to Market ‘Integrity Issues’

The U.K.’s finance regulator, the Financial Conduct Authority (FCA), may ban cryptocurrency derivatives such as futures as part of its “most comprehensive response” to the industry, financial trading news outlet Finance Magnates reported Nov. 20. In a speech at a London conference Tuesday, FCA executive director of strategy and competition Christopher Woolard said the organization […]

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