Cryptocurrency news headlines from December 2020
via Startup News Asia
The crypto news headlines featured below were drawn from a variety of online, free-to-read cryptocurrency news platforms, each covering aspects of digital currency technology in December 2020.
Our crypto news summary is intended to deliver a wide-angle look at cryptocurrency technologies in a range of implementations and focus areas, from CBDCs to gaming-related crypt tokens, for instance.
Each cryptocurrency news item listed is hyperlinked to the full news article behind it, providing you with 2 things; an at-a-glance overview of December 2020’s crypto news, obviously, and one-click access to detail on a particular digital currency issue or implementation.
Cryptocurrency news items featured were drawn from Startup News Asia’s daily updates, delivered on social media and mobile app.
- ICYMI: Venezuela reportedly paying companies in countries including Iran and Turkey with Bitcoin to mitigate US sanctions, with gov’t also planning to boost Bitcoin usage
- ICYMI: Coinbase cryptocurrency platform files paperwork to go public as Bitcoin hits record high
- ICYMI: Core Scientific, a US Bitcoin mining firm, set to triple capacity with 59K new mining machines on order, to become largest Bitmain Antminer group outside China
- Available to download: Principles for a global central bank digital currency and a single global payment system – discussion paper
- ICYMI: Sweden considers introducing a digital currency, with central bank already running pilot project with Accenture Plc for blockchain-backed ‘electronic krona’
- Central Bank Digital Currencies And Stablecoins – How Might They Work In Practice? A 10-page intro from international law firm, Clifford Chance
- ICYMI: Russian gov’t outlines plans to amend laws to recognize cryptocurrency as property, giving bitcoin owners legal rights whilst taking step to address ‘shadow’ crypto schemes
- ICYMI: Libra cryptocurrency takes new name – Diem – in effort to show organizational independence from Facebook, looking for regulatory approvals
- “Where traditional crowdfunding efforts for videogames allow early believers to pledge…NFT-backed games potentially turn the same concept into a real investment”
- ICYMI: Ledger hardware-based cryptocurrency wallet hackers dump over 270K customer email addresses online
- An at-a-glance overview of the moves Visa, PayPal and Facebook’s Diem (formerly Libra) are making into cryptocurrency payments
- ICYMI: Visa to connect global payments network of 60M merchants to U.S. Dollar Coin digital currency, developed by Circle on the Ethereum blockchain
- ASEAN consumers and e-wallets: “…while card transactions (-0.3%) and bank transfers (-1%) remained near unchanged, e-wallet usage rose to 22% from last year’s 14%”
- Video: Future of Transactions & Payments – Tackling the Next Wave of Online Commerce, a session from the recent Wild Digital Southeast Asia Conference
- India: Investors likely to soon be required to pay taxes on returns earned from bitcoin investments, potentially as high as a 30% tax on cryptocurrency gains
- “National Bank of Cambodia has its job cut out in solving multiple problems including low financial inclusion and countless payment app providers. Is Project Bakong the tool that fixes this?”
- China: Suzhou city’s CBDC trial recipients gain added spending options for ‘digital yuan’ via Meituan bike-sharing platform, Didi taxi service and Bilibili video-sharing site
- China: Suzhou city gov’t to distribute 100K virtual red packets for Double Twelve shopping festival as part of digital currency trial, each containing US$31 in value
- “More important, Ethereum has become the most utilized blockchain protocol in the world, settling over $6 billion per day.”
- Macau casino operators reportedly approached by regulator to discuss feasibility of using China’s digital yuan to buy Hong Kong dollar-denominated casino chips
- ICYMI: The official Libra White Paper v2.0
- ICYMI: 400 million Apple Pay users can now buy Bitcoin and Ethereum using Lumi Wallet, with Apple Pay dealing with AML and KYC considerations
- ICYMI: Central banks from United Arab Emirates and Saudi Arabia release report on ‘Project Aber’ CBDC trial
- China: “Mass adoption of the digital RMB would mark a fundamental shift away from commercial digital payment systems like WeChat Pay and Alipay to the central bank.”
- Singapore’s DBS bank launches currency and crypto exchange, allowing traders to exchange 4 currencies for 4 cryptocurrencies
- ICYMI: Russia’s Sber Bank partners JP Morgan to roll out its own digital currency project in 2021
Other tech news from December 2020:
• Artificial intelligence news: December 2020
• Blockchain news: December 2020
• Cryptocurrency news: December 2020
