China's bitcoin miners scoop up two-thirds of crypto-network's processing power
China's bitcoin miners now control two-thirds of the crypto-network's processing power, research showed on Wednesday, a growing share that is likely to benefit the country's miners. Miners in China control 66 percent of the global "hashrate," a measure of the power of computers hooked up ...
China's digital currency could threaten dollar's dominance
China's central bank digital currency may boost the internationalization of the yuan.
The choice for governments and central banks is whether to stand in front of a train that is gaining steam, or get on board and reap the benefits.
Cryptocurrency critic China jumps into blockchain race with U.S.
China has launched an ambitious effort to challenge the U.S. dominance in blockchain technology, which it could use for everything from issuing digital money to streamlining a raft of government services to tracking Communist Party loyalty. The technology received a crucial endorsement from President Xi ...
The remedy for the financial woes of people in developing countries isn't going to come from Facebook.
Facebook's Libra digital currency loses its first member: PayPal
U.S. payments processor PayPal said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and ...
France warns it will block development of Facebook Libra in Europe
France warned Thursday it will block development of Facebook Inc.'s planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments. "I want to be absolutely clear: In these conditions, we cannot authorize the development of Libra on European soil," Bruno Le Maire ...
World needs to end risky reliance on U.S. dollar, BoE's Mark Carney says
Bank of England Gov. Mark Carney took aim at the dollar's "destabilizing" role in the global economy on Friday and said central banks might need to join together to create their own replacement reserve currency. The dollar's dominance of the global financial system increases the ...
Japan to step up study of stable coin regulations following G7 concern over Facebook's Libra project
With the Group of Seven (G7) reaching agreement to push for the highest standards of regulation on Facebook Inc.'s proposed Libra digital currency, Japan plans to step up discussions on how to regulate and oversee the project that could offer faster and cheaper remittances. A ...
Cryptocurrency exchange operator Bitpoint Japan Co. says it has found an additional ¥250 million worth of digital currencies stolen after losing around ¥3 billion in an earlier hack. The money was traced to overseas exchanges.
Guardians of money bristle at Mark Zuckerberg's new financial order
Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister Bruno Le Maire was already broadcasting his discontent. 'It's out of the question" that the social-media giant's digital money compete with sovereign currencies, Le Maire ...
