Tencent’s WeBank Becomes Infrastructure Provider for China’s Blockchain Network

WeBank, a digital bank that offers loans to small enterprises and individuals, has become the first technical infrastructure provider for the country's blockchain network.

German Bank Jumps Into Crypto Custody Space with New Product Offering

Through a subsidiary dubbed solaris Digital Assets, the Berlin-based bank will provide a white-labeled custody product.

Swiss Government Sees Benefits of Wholesale Digital Currency

The government of Switzerland isn't keen on developing a digital currency for retail use but observes a few advantages of a wholesale digital currency. 

VeChain Foundation Losses $6.53M Worth of VET Tokens in Recent Hack

Enterprise blockchain platform VeChain has been hacked, resulting in loss of 1.1 billion VET tokens worth around $6.53 million.

Max Keiser: Bitcoin Is Currency of Global Revolution and Nightmare of Trust Money

Max Keiser made a presentation at Labitconf in Montevideo, Uruguay, in which he underscored the impact that digital currencies create in the worldwide scenario and specifically in the Latin American region. 

Circle Lays Off Around 10 Employees Following Co-CEO Departure

Circle, one of the earliest cryptocurrency adopters in the fintech space, has laid off around ten staff. 

Swiss Crypto Bank SEBA Expands to 9 New Countries

After a month of going completely operational, Switzerland-based digital currency bank SEBA has extended services to nine new nations. 

Dutch Bank ING Develops Tech for Crypto Custody: Report

Netherlands-based banking multinational ING is working on developing technology for the custody of digital assets, as per Reuters. 

Netherlands Plans to Bring Harsher Penalties for Crypto Scammers

The Netherlands intends to bring harsher penalties for scams that involve banking apps and digital currencies.

Square Crypto Funds Pseudonymous Lightning Developer

Square Crypto has funded a pseudonymous researcher to let him take a shot at the space full-time. 

Report: China’s SEC May Soon Appoint a Crypto-Savvy Department Chief

China's securities regulator is purportedly setting up a technology regulation bureau and may soon designate Yao Qian, the previous head of China's central bank digital currency effort, as its new department chief.

BitPay Adds Support for 3 Stablecoins Including Gemini Dollar

Blockchain payments processor BitPay has included support for three stablecoins—the Gemini dollar (GUSD), Circle's USD coin (USDC), and Paxos Standard token (PAX). 

Ethereum Builder ConsenSys Shuts Down Key Operations in India and Philippines

ConsenSys, the ethereum blockchain development firm with more than 30 hubs worldwide, has closed down primary operations in India and the Philippines. 

Coinbase CEO Brian Armstrong One of Instructors at A16z Crypto Startup School

Venture capital company Andreessen Horowitz (a16z) has revealed a rundown of educators that will instruct at its Crypto Startup School. 

US SEC Charges Shopin Founder With Fraud After $42M ICO

The U.S. Securities and Exchange Commission (SEC) has recently charged Shopin founder Eran Eyal and its company with fraud after a $42 million initial coin offering. 
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