US intelligence is looking at Chinese CBDC as a national security threat

The U.S. national security apparatus is warning other agencies about China’s coming digital currency.  On Wednesday, news outlet the Washington Examiner reported on a letter that National Intelligence Director John Ratcliffe had send Securities and Exchange Commission Chairman Jay Clayton earlier in the month. According to the report, Ratcliffe offered to have staff brief Clayton on the security issues that derive from China’s dominance in crypto mining as well as the country’s progress in digitizing the yuan. Ratcliffe’s letter also apparently pushed Clayton to ensure that U.S. crypto firms remain…

10 Countries That Are Fintech Leaders Today

Fintech continues to dominate the world these days. We offer you to take a closer look at the countries that have managed to become leaders in this sphere. No longer is financial technology – or Fintech – a concept, when it comes to serving consumers, when it comes to their money. Often seen as a bridge between financial services and people, Fintech has been most praised for what sheer transparency it offers. And, with more Fintech-related solutions and products on the way, this industry will continue to transform financial surveys…

South Korea May Delay Crypto Income Tax Rule to January 2022

South Korean lawmakers want to delay the implementation of the new rules in order to give more time to crypto exchanges to get ready. South Korea may extend the implementation of its earlier proposed crypto income tax rule to January 2022, an extension of about 3 months from the earlier proposed October implementation plan. The plan to extend the implementation of the rule was revealed in a report published by a local South Korean media Dong-a Ilbo. Per the reports, the lawmakers from the South Korean National Assembly’s planning and…

Colombian Stock Exchange to use blockchain for OTC derivatives trading

The Colombian Stock Exchange announced it is joining the Consorcio Colibrí, a private initiative that promotes the adoption of blockchain technology within the finance industry. As Cointelegraph Español reported on Nov. 18, Consorcio Colibrí was formed by major financial institutions such as Bancolombia, BBVA, Santander Caceis Colombia, Deceval, Contrato Marco, Porvenir and Skandia, among others. Via a partnership with member firm Contrato Marco, the CSE will use the Colibrí platform’s blockchain tech to improve operational efficiency in the over-the-counter derivatives market, which is currently time-consuming, expensive and difficult to reconcile…

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Monex Believes Digital Yen Will Revolutionize Crypto Trading

The Bank of Japan noted last month that initiatives to test its digital yen currency are underway. As the Bank of Japan (BOJ) plans to issue its digital yen in the near future, Oki Matsumoto, head of Japan’s Monex Group, believes it will significantly revolutionize the crypto industry by making it more interoperable with legal tenders. “Central bank digital currencies will help boost trading of cryptocurrencies by providing a more convenient platform for converting cryptocurrencies into legal tenders,” Matsumoto noted.  According to Matsumoto, the issuance of central bank digital currency…

Bitcoin Set to Surge Exponentially to Reach $74K and $100K

Todd Gordon believes that Bitcoin may march on to $74,000. His prediction can, however, fall short of up to 61% which is around $34,000. Bitcoin bull run is on as the leading cryptocurrency has staged an exponential growth with an 80% price gain in the last two months and 166% price gain from the start of the year to date to record a current price of $19,158. Yesterday, the digital asset rallied to fall less than 4% short of its all-time high having reached a price point of $19,345. The…

World’s First 24/7 Crypto Call-in Station Launched by CNBC’s Ran Neuner

Crypto Banter, the world’s first crypto news live streaming platform, has gone live prior to the 2021 bull market. For a long time, the global crypto market lacked a media outlet that never sleeps but continuously caters to the rapidly growing crypto enthusiasts’ needs. CNBC’s Crypto Trader show host Ran Neuner has now decided to unveil the first call-in media channel, which is cryptocurrency-centric. The station – dubbed Crypto Banter – features exclusively various cryptocurrency news, opinions, interviews, and live discussions with various industry leaders. Viewers and listeners can download…

RSK-based DeFi protocol launches innovative decentralized exchange concept

DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book with a unique twist. Instead of being available instantaneously, orders are processed in batches according to a slightly variable interval of a few minutes. Each execution, called a tick, matches the orders submitted to the blockchain. Each trade occurring in a given tick is performed at the same average price between all orders submitted by traders. Limit…

JD Health to Debut on Hong Kong Stock Exchange in $3.5B IPO

JD Health has earmarked 381.9 million shares for the IPO which it is set to be sold for a price from HK$62.80 to HK$70.58. JD Health International Inc, the healthcare arm of Chinese retail giant JD.com, is set to make its debut on the Hong Kong Stock Exchange in what is slated to be the biggest Hong Kong Initial Public Offering (IPO) of the year. As reported by Reuters, JD Health seeks about $3.5 billion in the proposed IPO according to figures from a term sheet filed. The popularity of…