2021-3-27 07:00 |
An official of the People’s Bank of China (PBOC) stated that China’s central bank digital currency (CBDC) would act as a backup for major players in the mobile payment sector like Alibaba’s Alipay and Tencent’s WeChat Pay. origin »
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Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
2021-3-27 14:39 | |
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The outgoing president Donald Trump has banned WeChat Pay and Alipay transactions with the order to come into force later next month. “By accessing personal electronic devices such as smartphones,...
2021-1-10 20:02 | |
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The trade war with China homes in on the country's thriving digital payments industry.
2021-1-7 17:57 | |
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"But, we have a question to discuss. Can it [Digital Renminbi] replace Alipay, WeChat Pay, and bank cards as the main electronic payment tool?" That was the question posed to Li Lihui, former PresiThe post China: Will the digital Renminbi replace WeChat Pay, Alipay anytime soon? appeared first on AMBCrypto.
2020-11-28 01:30 | |
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A self-claimed Chinese cryptocurrency reporter, Colin Wu, who has an exclusive focus on the crypto mining industry, regulation and exchanges in China, took to twitter today to share that Bitcoin minerThe post China’s bitcoin miners struggle to pay bills due to govt crackdown appeared first on AMBCrypto.
2020-11-17 20:00 | |
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Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country.
2020-11-16 17:32 | |
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Цифровой юань (CBDC) будет совместим с ведущими платежными системами в Китае. Об этом сообщает South China Morning Post со ссылкой на заявление Му Чанчуня, главы Института по изучению цифровых валют при Народном банке Китая.
2020-10-26 16:21 | |
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China is dedicated to becoming the first country to roll out a central bank digital currency (CBDC). Its Digital Currency Electronic Payment (DCEP) system aims to replace all physical currency in the country, including coinage.
2020-8-5 19:05 | |
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Bank of China continues to voice its distaste for crypto and urges the public to pay attention to scams
2020-3-23 23:00 | |
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FCoin founder Zhang Jian has published a lengthy tell-all detailing the demise of the once-promising crypto exchange platform with the service unable to service the $125 million in crypto deposits owed to customers.
2020-2-18 12:00 | |
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Chinese exchange FCoin today announced insolvency following internal “technical difficulties. ” The platform’s founder has already announced a new project to help pay back the multi-million dollar capital reserve.
2020-2-18 20:15 | |
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Xiang Hu Bao, a blockchain-based mutual aid platform operated by payment processor Alipay, has on-boarded over 100 million customers. The platform, which was launched in October 2018, provides a health plan that covers about 100 types of ailments.
2019-11-27 18:07 | |
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Cryptocurrency exchange Binance has launched peer-to-peer trading in China. The platform supports traders making transactions between themselves using the dominant Chinese payment apps Alipay and Wechat Pay.
2019-10-11 15:40 | |
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Facial recognition technology is used across China for everything from identifying criminals to measuring students’ attention in class. Now, it has debuted a system in its subway that lets you use your face as a ticket.
2019-9-23 09:14 | |
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Alibaba, Tencent, Union Pay, and other large financial institutions are reported to be the the first receivers of China’s sovereign cryptocurrency initiative, as per Forbes, August 27, 2019. Paul Schulte, the ex-head of global financial strategy at the China Construction Bank is the main spruce behind the information.
2019-8-28 16:00 | |
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Coinspeaker Alibaba, Tencent and Union Pay to Get China’s Digital Currency FirstPeople’s Bank of China is said to be preparing for issuing its own cryptocurrency in the coming days. According to sources, the first beneficiaries of China’s CB/DC are Alibaba, Tencent, Union Pay, and others.
2019-8-28 11:52 | |
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The much-awaited Bank of China’s cryptocurrency could be a move by the bank to help curb Alipay and WeChat Pay dominance in the financial sector. Appearing on South China Morning Post financial analyst, Cindy Wang, a renowned analyst with DBS Research Group, claimed that the country is set to benefit as investors and merchants will […]
2019-8-20 21:55 | |
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Китайский стартап – поставщик платежных решений QFPay привлек $20 млн в ходе С-серии раунда финансирования, который возглавили Sequoia Capital China и Matrix Partners. Об этом пишет TechCrunc. Что известно о раунде? В раунде также приняло участие инвестиционное подразделение Telkom Indonesia MDI Ventures.
2019-8-13 14:51 | |
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Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.
2019-7-26 14:02 | |
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Although Facebook’s Libra cryptocurrency is yet-to-be-released, it has garnered the interest of countries and the world at large. cnLedger, a Chinese twitter-based cryptocurrency news source also hinted in a tweet on July 18, 2019, that China is paying apt attention to Libra.
2019-7-18 16:04 | |
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China appears to be head and shoulders above the rest of the world when it comes to new ways of processing financial transactions. Digital payments are booming in the hybrid communist-capitalist country, so much so that facial recognition payments are already a thing: The new way to pay in China.
2019-6-30 20:35 | |
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China’s Zhejiang province has rolled out the nation’s first blockchain electronic bill platform in association with Alipay. This scheme allows the customers to keep all the records of and bills at one place.
2019-6-16 23:49 | |
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A former Chinese central bank advisor was denied transferring $20,000 abroad to pay for a vacation. Could increasing capital controls in China be driving Bitcoin price? Chinese Capital Outflow Controls Are ‘Extreme’ Yu Yongding is a former advisor to the People’s Bank of China.
2019-5-31 14:00 | |
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This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous.
2019-5-31 20:14 | |
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By CCN: The trade war between the United States and China is on, and some of the country’s biggest retailers are starting to feel the burn. The latest victim of Trump’s tariffs is Walmart, which says customers can expect price increases on some of its stores’ most prominent items thanks to tax hikes on products imported from China.
2019-5-17 23:19 | |
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WeChat, a popular messaging application in China, has banned merchants on its platform from being directly or indirectly involved in cryptocurrency trading, impacting over-the-counter traders who use WeChat Pay to interact with exchanges.
2019-5-8 22:04 | |
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By CCN: In 2008, at least 54,000 Chinese babies suffered after ingesting formula that had been contaminated. Demand for safe products has grown year over year, every year, since then. Companies like blockchain-centric Techrock have capitalized on this market by finding unique solutions to the authenticity problem.
2019-4-30 23:20 | |
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On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.
2019-4-27 21:31 | |
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Bitcoin [BTC] recently led a significant bull run which pumped up the price by 15% in valuation. After the hike, the price of USDT was over 7 yuan on over-the-counter platforms, which meant crypto traders based out of China had to pay an additional 3 percent to 5 percent for Tether [USDT] to avoid a […] The post USDT premium was caused by USD inflow and not Tether Inflation, claims Chinese Bitcoin Billionaire appeared first on AMBCrypto.
2019-4-16 04:30 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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After the recent market rally led by Bitcoin, Chinese crypto traders are making a comeback into the space. However, investors are having to pay an additional 3% on over-the-counter or OTC platforms [like Huobi] for the stablecoin Tether [USDT] to avoid a blanket ban on crypto-trading.
2019-4-8 19:30 | |
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An organized dissident revolutionary group calling itself Cheollima Civil Defense is actively working to overthrow Kim Jong-un and the government of North Korea. The group has announced that they will be selling visas to the new country beginning Sunday, and supporters can pay with the Ethereum cryptocurrency.
2019-3-21 19:39 | |
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According to newly released data, which was delayed by the government shutdown, it will be concluded that Donald Trump has so far failed to reduce the trade deficit he promised to cut. All this amid a ballooning debt after tax cuts.
2019-3-7 23:42 | |
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Binance has finally joined the fiat-on-ramp party, adding support for crypto purchases using credit cards. This is made possible through its integration with payment processor Simplex, according to a press release shared with Bitcoin Magazine.
2019-2-1 20:59 | |
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“The point is to get people to think about bitcoin, not spend it. I don’t think it’s good for that. It’s not meant to be used like cash,” Jeremy Gardner, founder of Ausum Ventures, advised me.
2019-1-15 17:50 | |
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As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company.
2018-11-20 00:18 | |
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Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.
2018-10-24 19:38 | |
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Nouriel Roubini, an economist best known for his predictions of the 2008 housing bubble, and Peter Van Valkenburgh, Coin Center’s director of research, testified before the U.
2018-10-12 18:06 | |
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Chinese Miner Arrested After Stealing Electricity To Mine BTC Everybody wants the profit but not everybody wants to pay their electricity bills, right? Unfortunately, unless you are a certain Chinese man, you cannot get electricity for free and, even in his case, he ended up being arrested. The protagonist of this odd story is Xu […]
2018-10-8 22:10 | |
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Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic.
2018-9-15 01:22 | |
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The People’s Bank of China (PBOC) digital currency cryptocurrency regulation’s importance in its recently published 2024 Financial Stability Report. This reiteration is particularly noteworthy given the contrasting approach of crypto between mainland China and Hong Kong.
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report.
According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.
People’s Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020.
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.
Huang Yiping has expressed concerns about China missing out on financial development opportunities following the nation's ban on cryptocurrencies.
According Xie Ping, to a former official of the People's Bank of China (PBoC), the Digital Yuan is underused by the Chinese.
