Bitcoin News Roundup for May 1, 2020

Mar 24, 2020 at 12:30 UTCUpdated Mar 24, 2020 at 12:43 UTCUS correctional facility. Credit: Shutterstock/oseph SohmTwo men, accused of defrauding investors of $722 million in a crypto mining pool scam, have requested an early release from jail on the grounds the coronavirus poses a risk to their health. In emergency motions for release to…

news China’s proposed new stablecoin project should strike a balance between protecting privacy and regulatory enforcement, China’s Digital Currency Research Institute said Tuesday. Within the People’s Bank of China (PBOC), the Digital Currency Research Institute is part of the central bank’s payments division. Speaking at a conference in Singapore, Changchun Mu said the central bank will…

Nov 23, 2020 at 8:38 a.m. UTCUpdated Nov 23, 2020 at 8:39 a.m. UTC(Valeri Potapova/Shutterstock)China to Hold Second Lottery Trial of the Digital YuanA city in China will hold the second lottery of the country’s central bank digital currency (CBDC) next month.On Dec. 12, a shopping festival known as "Double 12" in China, the city…

This week in prediction markets: Nobody could predict France's electoral upset The market is skeptical that Biden is staying in Kalshi bettors put ether at $2,630 by year's end Prediction markets often outperform polls in forecasting elections – but sometimes both get it wrong. The French election was one such case. A week ago, it

Binance Wealth allows private client managers to easily onboard high-net-worth individuals to the exchange and offer them a wide range of digital assets. The service is offered through the global Binance.com platform meaning there are restrictions for some jurisdictions, such as the U.S. 02:21 Tether Denies U.S. Probe; MicroStrategy Premium is 'Unsustainable': Report 02:12 Why

Financial technology consultancy Broadridge says it handles $50 billion a day of repurchase agreements involving big banks on its permission-only DLR platform.Europe-focused securities finance private blockchain firm HQLAx says its platform can save banks as much as 100 million euros ($107 million) a year.The multitrillion-dollar repo market is the lifeblood of funding in capital markets.00:46Meme

NEWS Two cryptocurrency startups have agreed to register their initial coin offering (ICO) tokens as securities after settling charges with the U.S. Securities and Exchange Commission. The SEC’s Friday announcement centered on two firms: CarrierEQ Inc., also known as Airfox, and Paragon Coin Inc., both of which conducted token sales last year. Airfox raised $15…

Chinese yuan notes (Toni Schmidt/Shutterstock)A former vice president of a top Chinese bank has argued that digital currency should replace fiat in the nation’s financial systems. Yongli Wang, previously of the Bank of China, said in a WeChat post that wide use of digital currencies would encourage monetary reform, as reported by media outlet The…

As expected, Jerome Powell indicated that a rate cut is coming in September Bitcoin and traditional markets at least initially have moved sharply higher Investors will now focus on whether the initial rate cut will be 25 or 50 basis points After a long wait, central bank rates in the U.S. now appear certain to