PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House

The former architect of China’s central bank digital currency (CBDC) initiative has left the position to head the country’s central securities clearing house. Yao Qian, who founded the Digital Currency Research Lab at the People’s Bank of China (PBoC) last year, has now taken up the role of general manager at the China Securities Depository […]

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Numerai Opens Crypto-Powered Stock Betting Market to the Public

Hedge fund Numerai has taken another step in decentralizing its crypto-based data gathering and stock price prediction platform with the public launch of its Erasure marketplace. Announced Thursday, the platform – which lets data scientists earn or lose tokens by staking them on stock market price predictions – is now looking to attract hedge funds […]

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Bakkt CEO: Crypto Trading Platform Won’t Support Margin Trading

Two weeks after the Intercontinental Exchange (ICE) introduced Bakkt, a new digital assets platform, the latter’s CEO has set out to explain what the service will offer consumers. Bakkt chief executive Kelly Loeffler outlined the fundamentals for a platform to trade, store or spend cryptocurrencies in a post published on August 20. The platform is currently working with […]

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Zambia, Overstock’s Medici Ink Deal on Blockchain Land Registry Pilot

Overstock’s blockchain subsidiary is partnering with the Zambian government to build a blockchain land title registry, the company announced Wednesday. Medici Land Governance (MLG), the blockchain-powered property rights subsidiary of Overstock.com, has signed a Memorandum of Understanding with Trevor Kaunda, the permanent secretary for the Ministry of Land and Natural Resources in Zambia. Under the agreement, MLG will […]

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Rejection Aside, Calls for a Bitcoin ETF Are Only Escalating

Karma is real. Just as the crypto community was – not so secretly – displaying its joy over Facebook’s historic stock loss, bitcoin’s price took a surprising drop below $8,000. A reaction to the news that bitcoin exchange-traded fund (ETF), one proposed by brothers and co-investors Tyler and Cameron Winklevoss, had been rejected for the second time, it […]

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Crypto Valley Association Taps VC Firm Lakestar as Strategic Partner

Switzerland-based blockchain consortium, the Crypto Valley Association (CVA), has added European venture capital firm Lakestar as a strategic partner, the association revealed to CoinDesk this week. Lakestar has previously dabbled in blockchain, and in 2017 made investments in crypto wallet provider Blockchain and exchange startup ShapeShift. Its portfolio also includes investments in Skype, Spotify, Facebook […]

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Australian Securities Exchange Targets 2020 for DLT Rollout

The Australian Securities Exchange (ASX) is moving closer to replacing its CHESS clearing and settlement system with a distributed ledger-based alternative. Details about the system’s progression toward production launch were included in an 87-page consultation paper published Friday, which included a timeline for when the switch will be made as well as descriptions of the types of […]

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Digital Currency Group Adds Zcash Offshoot ZenCash to Crypto Investment List

Digital Currency Group has added ZenCash, a little-known, privacy-focused coin, to its “conviction list” of cryptocurrencies. The other coins on the list are bitcoin, ethereum classic, zcash and Decentraland. Speaking at the Stocktoberfest East conference in New York City, Digital Currency Group founder and CEO Barry Silbert asked audience members to raise their hands if […]

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