• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Crypto news in brief (October 25, 2018): FISCO BCOS, Coinbase, USDC stablecoin, Alibaba, Bakkt, Royal Mint Gold, Japan

October 25, 2018 By Crypto Reporter

– The Financial Blockchain Shenzhen Consortium (FISCO) announced the launch of a coinless open-source blockchain platform
– Coinbase has launched stablecoin USDC, backed one-to-one by U.S. dollar
– Alibaba Cloud expanded its Blockchain as a Service (BaaS) offering outside of China
– The UK Royal Mint has suspended its plan to launch gold-backed cryptourrency Royal Mint Gold (RMG)
– Japan’s financial regulator has approved an association of cryptocurrency exchanges as a self-regulatory industry body

The Financial Blockchain Shenzhen Consortium (FISCO) announced the launch of FISCO BCOS, a coinless open-source blockchain platform designed to meet the regulatory and operational requirements of the financial industry.

FISCO is one of the largest blockchain consortiums in China. It consists of 100+ members, including tech giants Huawei and Tencent.

***

Coinbase, major U.S. crypto exchange, has launched stablecoin USDC, backed one-to-one by U.S. dollar.

Technically, USDC is an ERC-20 token, based on the Ethereum blockchain.

The underlying technology behind USDC was developed collaboratively between Coinbase and fintech company Circle.

USDC is the first stablecoin supported by Coinbase.

***

Alibaba Cloud, the cloud computing arm of Alibaba Group, expanded its Blockchain as a Service (BaaS) offering to major global markets including South East Asia, U.S and Europe.

The official press-release states Alibaba Cloud already has a proven track record of enabling multi-scenario applications (such as public benefits systems, logistics and medical industries) through its BaaS blockchain technology since its official launch in October 2017.

***

Intercontinental Exchange’s cryptocurrency trading platform Bakkt could get a green-light to launch its bitcoin futures product as soon as next week, according to anonymous source with direct knowledge of the situation.

***

The UK Royal Mint has suspended its plan to launch gold-backed cryptourrency Royal Mint Gold (RMG).

Reuters reports that after its partnership with the CME Group failed the UK government “vetoed a plan to have the tokens trade on a cryptocurrency exchange”.

Initially, the Royal Mint announced its plan to issue gold-backed tokens in 2016, saying they would give investors an easy way to buy and trade physical gold held in its vaults. The tokens were to be traded on a blockchain-based trading platform run by CME.

***

The Financial Services Agency (FSA), Japan‘s financial regulator, has approved an association of cryptocurrency exchanges as a self-regulatory industry body.

The FSA said in a notice that it has provided the Japan Virtual Currency Exchange Association (JVCEA) with a status that will let it set rules for the nation’s crypto exchanges and take action over any violations.

Filed Under: General News, News Tagged With: Alibaba, Bakkt, Coinbase, cryptocurrency, Europe, FISCO BCOS, Japan, news, news in brief, regulations, The Royal Mint, UK, USDC

Primary Sidebar

Follow Us

Press Releases

The Next Big Altcoin Could Surge 10x Higher Than Dogecoin & BONK After 300% Rally

July 11, 2025

The Hashgraph Group Partners with MPBCDC (Government of Maharashtra) to Build India’s First State Carbon Bank on Hedera

July 11, 2025

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan as CEO to Launch the First Finger Vein Biometric Wallet

July 11, 2025

Ripple (XRP) Price Set to Retrace to $1.20, While Ethereum (ETH) and Little Pepe (LILPEPE) Charge Ahead

July 11, 2025

Why BlockchainFX Is Being Hailed As The Best Utility Crypto In 2025 Over Polkadot and Cosmos

July 11, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter