1.Alibaba, Tencent, the other five won the first batch of Chinese government cryptocurrency
According to Forbes, the Chinese central bank will launch a state-backed cryptocurrency in November and issue cryptocurrencies to seven institutions in the coming months.
The seven institutions that receive cryptocurrencies based on sources are Bank of China, Agricultural Bank of China; China’s two largest financial technology companies, Alibaba and Tencent; and Bank of China Union Pay will receive cryptocurrency.
2. JP Morgan Chase restarts the private chain, JPM Coin will be supported by gold
Oli Harris, head of crypto assets strategy at JPMorgan Chase and Quorum, said that after a year of “shadows”, its private chain has been “relaunched” in London, Singapore and the US, and they now have a blockchain private layer. Moved to Tessera, a Java-based build protocol that is more user-friendly.
3 .Japan Daiwa Securities Group will participate in the creation of a 1.3 billion scale fund to invest in emerging technology companies such as blockchain
Daiwa Securities Group, Japan’s second-largest securities brokerage company, will join forces with companies engaged in electronic settlement systems to create a venture capital fund of RMB 1.3 billion. The investment targets are enterprises in emerging technology fields such as blockchain, artificial intelligence (AI), and information security.
4. Bakkt will provide Bitcoin storage service from September 6th
According to Bakkt official Twitter news, Bakkt will begin to provide secure bitcoin storage services on September 6th to prepare for the Bakkt Bitcoin daily and monthly futures launched on September 23. These contracts will open the physical delivery of Bitcoin with an end-to-end regulatory market and custody.
5.Facebook’s Calibra is building a compliance team looking for sanctions directors
Calibra, a digital currency wallet created by Facebook, is strengthening its compliance team because the company is trying to convince US and European regulators that the social media giant’s Libra project does not pose any legal threat. Now, it puts this belief first by hiring a new compliance team to manage the many legal pitfalls it will face.
Scan and join us !
