Stablecoins can benefit financial system, Fed governor says

Investment bank and financial services firm J.P. Morgan Chase has identified three public companies whose stock it believes will benefit from their applications of blockchain technology, CNBC reported Nov. 8.In a note to clients, J.P. Morgan reportedly forecast that IT companies will deploy blockchain in the same way that many firms claim to benefit from…

Grayscale plans to buy mining equipment at discounted prices and offer co-investment opportunities to accredited investors. 277 Total views 19 Total shares

Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year. 

South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency. 1693 Total views 14 Total shares Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency…

India has an estimated 104 million Telegram users, according to World Population Review, and represents the platform’s largest user base globally.

Executive Vice President-Designate of the European Commission, Margrethe Vestager, has questioned the motives behind Facebook’s forthcoming Libra stablecoin.In an interview with the Financial Services Union of Denmark, a fragment of which was published on Oct. 1, Vestager addressed the possible impact from Libra’s launch — such as competition due to Facebook’s multimillion user base and…

The U.S. SEC rejected the application for the ARK 21Shares Bitcoin ETF in early April and has not approved a spot Bitcoin ETF so far. 979 Total views 27 Total shares ARK Investment Management, an investment firm founded by veteran investor Cathie Wood, is taking another try to launch a spot Bitcoin (BTC) exchange-traded fund…

Litecoin (LTC) and other alts are becoming increasingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says.According to cybersecurity firm Cofense’s new report published on Oct. 8, malicious actors are gradually starting to shift their focus from Bitcoin (BTC) to specifically avoid detection by specialized email filters. The…

Multi-million dollar incentive programs and the ease of cross-chain transfers are boosting the value of L1 and L2-based tokens and raising the total value locked in their associated DeFi platforms. 1415 Total views 4 Total shares The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months…