Hong Kong digital yuan pilot lacks P2P capabilities

U.S.-based banking giant Goldman Sachs has led a $25 million strategic funding round for blockchain payments startup Veem, with participation also confirmed to Cointelegraph from Silicon Valley Bank on September 27.Veem, which utilizes digital ledger technology to increase the efficiency of small business payments, noted in their press release that the funding round also received…

September turns out to be anything but boring for Bitcoin as shorts lose big on a fresh move above the $50,000 mark. 212 Total views 2 Total shares Bitcoin (BTC) swiftly reclaimed $50,000 on Sep. 2 as bears felt maximum pain and lost hundreds of millions of dollars.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin sparks…

The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork. 106 Total views 13 Total shares The Indonesian government is reportedly planning to charge a 0.1% capital gains tax on crypto investments as well as a value-added tax, or VAT, on digital asset…

Tuesday, March 19 — cryptocurrency markets are mostly trading in the green zone, with Bitcoin (BTC) hovering above the $4,000 mark.Market visualization from Coin360During the day, BTC has been trading in a narrow corridor between $4,031 and $4,082. At press time, the leading coin is trading at around $4,059, up around 0.62 percent on the…

Bitcoin (BTC) failed to break $20,000 despite a new weekly high on Oct. 18 as market watchers waited for action.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin meanders as stocks climbData from Cointelegraph Markets Pro and TradingView showed BTC/USD defying volatility once again on the day.The pair stayed noticeably stable despite stronger moves for United States…

South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities. On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which…

Though crypto television ad spending is down, crypto firms continue to see ad spending as important to keep their brands relevant during a down market. 159 Total views 20 Total shares Crypto television advertising spending has reportedly fallen off a cliff in the United States, reflecting the current state of the markets. However, that’s no…

China’s foreign exchange reserve regulator, the State Administration of Foreign Exchange (SAFE), is set to pilot a cross-border trade finance blockchain platform. The news was reported by local financial news agency CNStock on April 24.According to the report, the development of the platform was initiated by SAFE and completed in collaboration with the Hangzhou Blockchain…