Blockchain Finance

26 Jan: More Than 77 Crypto Projects Claim to Be Backed by Physical Gold

The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD) backed by physical gold that uses BTC’s security. Tether just announced a new token called tether gold (XAUT), which will be listed for trading […]

The post More Than 77 Crypto Projects Claim to Be Backed by Physical Gold appeared first on Bitcoin News.

25 Jan: Japan may Explore a CBDC but the Rumors are Contradictory

japan icoJapan has positioned itself as an interesting region for cryptocurrency activity. This also means that the country may be issuing its own digital currency in the near future.  For now, there are nothing more than actual. Does Japan Even Need a CBDC? However, several domestic reports indicate that a CBDC in Japan may come sooner than some expect.  Japanese officials have indicated this form of money can be beneficial to the domestic economy.. Compared to other countries, Japan is well ahead in terms of embracing innovative technologies. That also applies to financial solutions and instruments alike. Rumor has it that

The post Japan may Explore a CBDC but the Rumors are Contradictory appeared first on The Merkle Hash.

22 Jan: Demand for Crypto Derivatives Swells as CME’s Bitcoin Volume Rises

The global markets company Chicago Mercantile Exchange (CME) has seen considerable demand since launching its options contracts in the wake of the firm’s bitcoin futures. On the first day of swaps, CME’s bitcoin options saw 55 contracts ($2.3 million). By the end of the week, the firm’s bitcoin options volume more than doubled with 122 […]

The post Demand for Crypto Derivatives Swells as CME’s Bitcoin Volume Rises appeared first on Bitcoin News.

14 Jan: Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly

Fed Officials Ponder Funding Hedge Funds and Private Brokers DirectlyOn January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private brokers […]

The post Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly appeared first on Bitcoin News.

14 Jan: China Issues Digital Currency Guide for Party Cadres

China Issues Digital Currency Guide for Party CadresUnderstanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. Also read: China Saw $11.4 Billion in […]

The post China Issues Digital Currency Guide for Party Cadres appeared first on Bitcoin News.

31 Dec: China’s Digital Yuan is a Trojan Horse With Plenty of Potential Repercussions

TheMerkle_Mark Hart YuanThe global focus continues to shift toward China’s digital currency plans. Despite a genuine lack of information, it certainly poses many different threats.  Rumors regarding a digital yuan have persisted for years now. China’s Digital Yuan is More Than Just a CBDC Only a few months ago, it became apparent this was more truth than fiction after all. The Chinese government is banking big on blockchain. One of the potential use cases is to create a tokenized yuan. It will become the first central bank digital currency to make any impact. Under the hood, this digital yuan makes use of

The post China’s Digital Yuan is a Trojan Horse With Plenty of Potential Repercussions appeared first on The Merkle Hash.