Ripple Labs’ RLUSD stablecoin: Everything you need to know
RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents.
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Pension provider partners with Coinbase to offer 5% exposure to crypto
Pension funds are looking to crypto investments despite the recent market sell-off. 1810 Total views 3 Total shares United States-based retirement plan provider, ForUsAll, is joining forces with Coinbase to allow clients to invest up to 5% of their portfolio assets in cryptocurrencies.The pension provider, which primarily serves small-to-medium-sized businesses, is working to offer exposure…
KuCoin recovered 84% of stolen crypto after $280M hack, says co-founder
KuCoin has resumed full services for 176 out of the total 230 tradable assets to date. 3127 Total views 19 Total shares KuCoin cryptocurrency exchange has recovered the majority of funds lost in a $280 million hacking incident in September, a senior executive has said.Johnny Lyu, co-founder and CEO of KuCoin, announced on Nov. 11…
DCG chief Barry Silbert pens letter to shareholders, community reacts
Barry Silbert’s letter to shareholders came just hours after Cameron Winklevoss wrote an open letter accusing him of defrauding customers. 296 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe crypto community woke to another drama-filled day after the Digital Currency Group (DCG) chief’s letter to shareholders went…
China pilots nationwide blockchain development over real-world use cases
Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-border finance. 146 Total views 3 Total shares The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164…
Cannabis Game, Reverse Auction Loans Join Berkeley Blockchain Xcelerator
The University of California Berkeley has announced the 17 latest startups to be accepted into its ‘Blockchain Xcelerator’ program. They include a Cannabis-themed mass-multiplayer online game (MMO), and a reverse auction loan platform. Entry into the incubator’s Spring 2020 cohort was highly competitive with just 12%, of the 140 startups who applied being successful. The accelerator is…
Swiss Bank Maerki Baumann to Become Second in Country to Accept Cryptocurrency Assets
The Maerki Baumann private bank will become the second Swiss bank to accept cryptocurrency assets, financial news outlet International Investment reports August 6. The private Zurich bank has decided to accept crypto assets from payments received for services rendered, as well as those earned from crypto mining, as a response to new market demands and…
Shanghai Man: China’s version of McJob meme, eCNY airdrops, Canaan’s record revenue
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.Regulatory noiseIn this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section, so as not…
Binance Now Supports Deposits and Withdrawals in South African Rand
In yet another expansion initiative, Binance adds support for deposits and withdrawals in South African rand. Binance, one of the world’s largest cryptocurrency exchanges, now supports direct transactions in South African rand. Users will now be able to deposit rand into their trading accounts in less than 30 minutes if their bank accounts support “Faster…