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Digital Currency and Blockchain Weekly Round-up – January 27th, 2017

PBoC to continue spot checks on bitcoin exchanges, PBoC tests blockchain-based digital currency with commercial banks

The People’s Bank of China said in a statement that it will continue with the on-site inspections of the bitcoin trading platforms operating in the country. According to the statement, investigators suggested that investors should pay attention to bitcoin platform transactions, such as legal compliance, market volatility, financial security and other risks, careful participation in bitcoin investment activities.

Also, the bank completed a trial of a blockchain-based digital currency. The system was tested with several commercial banks, including the Industrial and Commercial Bank of China, Bank of China and the private WeBank.

BTCC, Huobi, OKCoin to implement fee-based trading from today

Three leading Chinese bitcoin exchanges have decided to charge fees for bitcoin and Litecoin trading, starting, January 24. The move comes as the exchanges – BTCC, Huobi and OKCoin – seek to “curb speculation” and “prevent price volatility”.

BoE developing blockchain proofs of concepts and exploring Central Bank Digital Currencies: Mark Carney

The Bank of England is looking into the policy and technical issues posed by Central Bank Digital Currencies (CBDC) and developing blockchain proof-of-concepts, Bank of England Governor Mark Carney said. He discussed the promise of fintech, distributed ledger technology and much more, at the Deutsche Bundesbank G20 conference on “Digitizing finance, financial inclusion and financial literacy”, Wiesbaden in Carney.

Nasdaq successfully completes blockchain PoC for Estonian e-voting system

Nasdaq, U.S. stock exchange, has released a progress update of its new e-voting platform on Tallinn exchange in Estonia using blockchain technology. The exchange announced that it has successfully completed a blockchain proof-of-concept (PoC) with four web-based user interfaces in Estonia.

Bitcoin startup Xapo receives conditional approval from Swiss financial regulator

Leading bitcoin wallet provider Xapo has announced that it has received “conditional approval” from the Swiss Financial Market Supervisory Authority (FINMA). According to the company, the approval is contingent on several factors, including membership in a Self-Regulatory Organization (“SRO”) and it is optimistic to meet the required conditions to be able to serve non-U.S. customers from its headquarters in Switzerland.

Grayscale Investments files to list Bitcoin Investment Trust on NYSE

Grayscale Investments, LLC, a New York-based wholly-owned subsidiary of Digital Currency Group, has filed with the Securities and Exchange Commission (SEC) to list the Bitcoin Investment Trust as an exchange-traded fund in a $500 million initial public offering.

Digital Currency/Blockchain research studies:

Blockchain technology decentralizes ownership and bolsters security: Mozilla Foundation

Conferences/ Events:

2017 Global Insurance Symposium to feature sessions on AI and blockchain technology

Important deals, partnerships, and more:

Lisk collaborates with blockchain consultancy lightcurve GmbH for platform development

BitGo partners with Ledger for integrated multi-sig hardware security for bitcoin

Credit China Fintech enters into $30m deal with blockchain startup BitFury

International law firm Steptoe joins Global Blockchain Business Council

ConsenSys, adChain  partner to develop blockchain solution for online advertising

Blockchain platform ChronoBank and Emercoin enter technical partnership

Cambridge Blockchain raises $1.7m in new funding

CBA and OTC trial first government bond using blockchain

OTC Exchange Network joins Wall Street Blockchain Alliance

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