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China to Launch Its Own Digital Currency Later This Year

China to Launch Its Own Digital Currency Later This Year

In order to remain ahead in the global competition, China plans to launch its own digital currency known as Digital Currency Electronic Payment (DCEP). The digital currency will stimulate daily banking activities like deposits, payments, and withdrawals from the digital wallet. Crypto news website Coin Journal shows that the People’s Bank of China, China’s central bank has initiated the efforts to roll out its very own digital currency. It is an effort aimed at staying ahead among all the central banks worldwide as well as preserving financial sovereignty.

Active Bitcoin Addresses Hit Third-Highest Level in November

Active Bitcoin Addresses Hit Third-Highest Level in November

The number of active BTC addresses hit the third-highest level in November at almost 19.6 million Bitcoin wallets.

Cardano (ADA) Spikes by 20% as Coinbase Pro Adds Support for ADA on its Platform

Cardano (ADA) Spikes by 20% as Coinbase Pro Adds Support for ADA on its Platform

Cardano (ADA) will be made available on Coinbase Pro starting March 18, at 9 am Pacific Time.

OKEx Founder Star Xu Arrested After Crypto Exchange Suspends Withdrawals

OKEx Founder Star Xu Arrested After Crypto Exchange Suspends Withdrawals

Following the sudden suspension of OKEx's withdrawal services, it has been reported that the exchange's founder Star Xu has been taken into police custody.

Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront

Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront

Line, the Japanese messaging service has closed its Singapore-based cryptocurrency exchange and relaunched the exchange service globally from a United States-based platform.

Binance Freezes Withdrawals and Suspends Core Services As Crypto Market Runs Hot

Binance Freezes Withdrawals and Suspends Core Services As Crypto Market Runs Hot

As the cryptocurrency market reaches all time high retail interest, exchange giant Binance has announced a temporary suspension of services for maintenance on its platform.

Barclays Is Finished with Coinbase, Clearbank Steps In

Barclays Is Finished with Coinbase, Clearbank Steps In

Barclays, the London based bank, has cut ties with cryptocurrency exchange Coinbase as reported by CoinDesk.

Ethereum Istanbul Hard Fork Successfully Completed and Supported by Major Exchanges

Ethereum Istanbul Hard Fork Successfully Completed and Supported by Major Exchanges

Ethereum has successfully hit block number 9,069,000, where the Istanbul hard fork has been completed. Istanbul is Ethereum’s eighth hard fork overall, addressing issues such as denial-of-service attack resilience, interoperability with equihash-based proof-of-work and gas costs, which is the cost to send a transaction on the Ethereum network.

Huobi COO Reportedly Under Investigation, with $400M Sent to Crypto Exchange

Huobi COO Reportedly Under Investigation, with $400M Sent to Crypto Exchange

According to Chinese Media, crypto exchange Huobi Chief Operating Officer (COO) Robin Zhu was under investigation by the Chinese police.

Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals

Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals

Following the hack of its platform resulting in a reported loss of over $150 million, KuCoin exchange is back in business after completing some wallet upgrades

Intercontinental Exchange Bakkt Bitcoin Futures Trading Platform Goes Live

Intercontinental Exchange Bakkt Bitcoin Futures Trading Platform Goes Live

Launched as of 8 pm EST on Sept. 22, Bakkt’s physically settled Bitcoin futures trading has launched and is now live for trading on the Intercontinental Exchange Futures US (ICE).

More Than $400 Million in Bitcoin Withdrawn from BitMEX Following CFTC Charges

More Than $400 Million in Bitcoin Withdrawn from BitMEX Following CFTC Charges

$400 million have been withdrawn from Bitmex in less than 24 hours after the US CFTC filed a legal enforcement action against the exchange’s owners.

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