The CEO of Shopin, a blockchain-powered startup, has pleaded guilty to securities fraud related to $42.5 million in an initial coin offering, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The China Securities Regulatory Commission, China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s...
The New York State Department of Financial Services (DFS) is proposing revised rules for the listing of new virtual currencies and will review the state’s BitLicense, the regulator announced in a press release on Wednesday (Dec. 11). Get the Full Story Complete the form to...
Blockchain payment service company Bitpay announced Tuesday (Dec. 10) the introduction of stablecoin payments for both users and merchants, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Sekunjalo Investment Holdings has teamed up with Chinese public blockchain leader Ultrain Technology Limited to develop a pan-African open blockchain system called the African Chain 3.0, according to reports. The foundation of the system “will be built on the public-access-for-commercial-use blockchain model, developed by Ultrain...
Bank of China announced that it has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small- and micro-sized businesses using its own blockchain platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Hainan Province in South China rolled out a series of measures to accelerate the blockchain space’s development, Xinhua reported. The measures will back the industry via technological application, social investment, talent cultivation, and other areas. They are said to be released by the first blockchain...
A group of former software developers from Morgan Stanley have created a cryptocurrency derivatives exchange that will reportedly execute trades in less than a millisecond for both retail and institutional investors. Phemex has been in the beta testing phase for several weeks, and started trading...
U.S. asset manager WisdomTree has launched its first investment product, offering large investors exposure to bitcoin without having to directly hold the asset. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
