2019-8-12 11:45 |
An official at China's central bank has said the institution is nearing the launch of its national digital currency.
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China’s central bank digital currency (CBDC) has been shrouded in mystery. Some have labeled the development as a tracking tool for an authoritarian government. Others have been more generous. Both...The post Don’t Call China’s Digital Currency a Crypto Project appeared first on Cryptocurrency News.
2020-2-4 17:14 | |
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In China, all eyes are on the government and its central bank digital currency. This has allowed Baidu to get ahead of the pack and launch its own currency. This new currency, known as Xuperchain, is an actual cryptocurrency.
2020-1-7 07:00 | |
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China adopts crypto law two months after official approval as digital currency plans continue to evolve
2020-1-2 18:30 | |
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China’s central bank will soon launch its state-backed digital currency, influenced by Facebook’s Libra
2019-8-21 11:37 | |
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“We may well be at the most dangerous financial moment since the 2009 Financial Crisis with current developments between the US and China,” said Lawrence Summers, former Secretary of the Treasury Monday.
2019-8-6 21:55 | |
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The US Treasury Department on Monday designated China as a currency manipulator in a historic move that hasn’t been exercised since the Clinton administration. “Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator,” the Treasury Department said in a release. “As a result of this determination, Secretary […]
2019-8-6 16:10 | |
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What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the value of their […] The post Currency War Erupts as US and China Bring Out the Big Guns appeared first on Bitcoin News.
2019-8-6 13:31 | |
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Coinspeaker Global Stock Markets Continue Crashing Down as U. S. Treasury Tags China ‘Currency Manipulator’Following China’s extreme devaluation of the Yuan, the U. S. Treasury Department has labeled China a “currency manipulator.
2019-8-6 12:26 | |
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The simmering trade tensions between the US and China have threatened to spark a full-blown currency war after Beijing lets the yuan weekend past the psychologically important point of 7 to the American dollar for the first time in over a decade.
2019-8-5 17:42 | |
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Coinspeaker China’s Central Bank Focuses on Development of Its Own Virtual CurrencyChina’s Central Bank now wants to develop a virtual currency to compete with the recently unveiled Facebook’s Libra aiming to gain the lead in the development of the cryptocurrency and blockchain technologies.
2019-8-5 15:04 | |
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US stocks are set to open deep in the red on Monday, as Dow Jones Industrial Average (DJIA) futures fell more than 300 points lower. Stock markets are in free fall around the world after China hit back at Trump’s proposed tariffs and Twitter threats.
2019-8-5 14:00 | |
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On Friday, August 2, 2019, the People’s Bank of China (PBoC) supposedly held a video conference in which things that needed to be achieved in the second half of the year were elaborated upon. According to The Block, China’s central bank reported its plans to accelerate its goals with regard to a country-wide digital currency […]
2019-8-3 17:24 | |
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The People’s Bank of China noted that they are going to track the development trend of virtual currencies of China and foreign in order to strengthen Internet financial risk remediation. After mulling over its centrally owned digital currency, China accelerated its research and development, according to the statement released by the People’s Bank of China […] The post China’s central bank fast-tracks R&D of its legal digital currency appeared first on AMBCrypto.
2019-8-3 11:42 | |
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The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the expense of China and its tech firms, Sina reports.
2019-7-26 14:10 | |
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American venture capital investor, Tim Draper, has commented on India’s proposed bitcoin and crypto ban stating that it will set the nation back 40 years. Death Knell For Bitcoin and Crypto in India India has clearly taken a leaf out of China’s book with its draconian attitude towards crypto assets.
2019-7-26 14:02 | |
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Coinspeaker Huawei’s Founder Joins PBOC in Supporting ‘Chinese Libra’ CreationThe way Libra is designed makes it hard for governments to see who’s paying whom, or to limit cross-border payments.
2019-7-26 11:03 | |
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The first case regarding Bitcoin as a commodity in China led to the Hangzhou Internet Court pronouncing it as virtual property. The court said Bitcoin has value, scarcity, and can be disposed, giving it the necessary attributes of a digital currency with inherent utility.
2019-7-19 17:00 | |
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Since Facebook announced its new cryptocurrency “Libra,” it has faced resistance from global regulators and financial sectors. The People’s Bank of China, which in 2017 banned the use and trading of cryptocurrencies, has also expressed skepticism, believing that the US-controlled digital currency would circumvent its financial sovereignty.
2019-7-18 15:00 | |
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China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.
2019-7-11 16:22 | |
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It all started with the US launching an investigation of China’s trading policies in 2017, leading to the imposition of tit-for-tat tariffs on products by both the countries. As tensions between the two countries intensified, what many observed was an opportune moment for cryptocurrencies to replace the legacy institution.
2019-7-11 02:30 | |
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Ever Since Libra was unveiled, it has attracted the attention of several people, from analysts to the US Congress, regulators and most recently, the Asian giant, China. Reports say that China is looking to develop its own digital currency because Libra poses a massive risk to global financial and monetary systems.
2019-7-10 18:37 | |
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Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token.
2019-7-9 17:00 | |
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Coinspeaker China’s National Digital Currency Threatened By Facebook’s Libra Coin: PBoC OfficialWhen the U. S. sneezes the rest of the world catches a cold, and this time around the cold has caught up with China.
2019-7-9 10:50 | |
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The Chinese central bank is developing its own digital currency in response to Facebook’s forthcoming Libra stablecoin
2019-7-9 22:16 | |
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At Peking University’s Institute of Digital Finance, Wang Xin, head of the research bureau at the People's Bank of China, noted that mass adoption of Facebook's Libra cryptocurrency could ramp up development of China's own national digital currency.
2019-7-9 18:49 | |
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China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.
2019-7-9 17:00 | |
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In a tweet on Wednesday, the US president Donald Trump called out for the US to match Europe and China’s “currency manipulation game.” “We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!” Trump said on […]
2019-7-4 19:32 | |
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Belligerent currency manipulation tweet from Trump bolsters the argument for crypto as a safe haven asset
2019-7-4 12:42 | |
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Don’t look now, but the bitcoin price is already surging back from its early July lows to trade comfortably above $11,000. And one fundamental catalyst might have come from an unlikely ally: US President Donald Trump.
2019-7-4 00:51 | |
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BTC in Hong Kong is currently trading $175 above its spot price according to other Bitcoin indexes, as political instability is driving demand for a safe haven. Hong Kong Protesters Seek Safety in Bitcoin Bitcoin demand in Hong Kong is starting to surge as an increasing amount of citizens are seeking refuge in the decentralized currency.
2019-6-18 23:00 | |
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Following the entry of several institutions into the cryptocurrency space, world renowned venture capitalist Tim Draper, has also openly opined in favor of crypto. Sharing the sentiments of entrepreneur Brock Pierce, Draper shared that his focus was on improving humanity.
2019-6-8 01:30 | |
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Bitcoin has made a leap in the past fortnight. Granted, the rally started two months ago. However, it’s in the past two weeks that the digital currency has made the biggest gains. Currently trading at $7,900, it hit $8250 earlier today, a level it last hit close to a year ago.
2019-5-15 20:28 | |
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WeChat, the #1 messaging app in China, is also widely used for cryptocurrency transactions. Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions.
2019-5-9 22:54 | |
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China Could Push Bitcoin Up As Central Bank Tightens Its Capital Control On US Dollar According to the latest report by South China Morning Post, Chinese banks have increased their scrutiny of foreign currency withdrawals.
2019-5-8 20:34 | |
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Blockchain Research Institute Chairman, Don Tapscott predicts China’s central bank will digitize their national currency within twenty years. In an interview with Bloomberg Technology, Tapscott said the Chinese acknowledge crypto as an important technology for China.
2019-4-23 17:37 | |
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In an interview with Bloomberg on April 17, 2019, Donald Tapscott, executive chairman of the Blockchain Research Institute, said that China’s official currency, the renminbi (RMB) will soon become a cryptocurrency.
2019-4-22 15:00 | |
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Belarus has emerged as a contender to take the cryptocurrency mining mantle for China, following the latter’s proposed ban that looks to outlaw the domestic mining industry. Aleksandr Lukashenko, the President of the eastern European country, voiced his support for the decentralized currency industry in what will be a new chapter for the country.
2019-4-20 12:30 | |
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Since the emergence of decentralized currency, China has been the focal point of cryptocurrency mining. With the market falling to the “crypto-winter” in 2018, several miners suffered severe setbacks due to the plummeting market.
2019-4-20 10:00 | |
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Part 3, the final segment of China’s regulation of the cryptocurrency industry. Based on the trend of regulation, China has very methodically tried to breakdown the decentralized currency industry.
2019-4-15 16:45 | |
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Part 1 of the history of the Chinese tryst with the cryptocurrency industry. China has always been a focal point in the realm of cryptocurrency and blockchain technology. From being the once hub of cryptocurrency exchanges to the mining center of the world, China has seen its dominance in the decentralized currency game decline due […] The post Taming the Chinese Dragon: How has the virtual currency market responded to Beijing’s crypto-crackdown? appeared first on AMBCrypto.
2019-4-15 16:45 | |
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Part 2 of China’s regulatory history with cryptocurrency exchanges and communication channels. Exchanges & ICOs Wiped Clean The PBoC began 2017 by initiating regulatory checks on Bitcoin trading platforms in January to survey operations to ensure they were in compliance with regulatory protocols, backing their earlier opinion that Bitcoin or any form of virtual currency […] The post Taming the Chinese Dragon: Movement and Communication attacked; regulation vows to cripple industry appeared first on AMBCrypto.
2019-4-15 16:45 | |
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Russian banks have adopted the Chinese CIPS payment system, and the competition from this cross-border platform and Ripple against SWIFT could ultimately lead to the US Dollars being deposed as the leading currency in the world.
2019-4-2 11:30 | |
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Regulations can be rough for the crypto market. American DGD token holders were recently excluded from receiving their promised transaction fees and demurrage fees while other people from Russia and China were not.
2019-3-27 04:08 | |
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Back in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter.
2019-3-19 07:45 | |
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China is returning to Bitcoin investment despite its ongoing trading ban, data suggests this week as the Bitcoin price holds higher. Yuan No. 2 Entry Fiat Currency Statistics gathered by monitoring resource Coinlib showing capital inflow into bitcoin and other cryptocurrencies puts the Chinese yuan (CNY) in the top entry currencies.
2019-3-18 12:00 | |
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EOS, the fifth largest digital currency in the market, seems to be affected by a new vulnerability. This issue was found by SlowMist, a cybersecurity firm from China. Users can register EOS deposits without having to transfer the funds.
2019-3-13 18:31 | |
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Yi Gang, the governor of the People’s Bank of China, has said in a press conference on Sunday that the U. S. and China are close to establishing a currency deal, which could fuel trade talks and alleviate pressure on the Dow Jones.
2019-3-10 13:53 | |
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In January of 2019, student Conner Brown attended a guest lecture by a Professor Susan Athey at the University of Stanford Graduate School. She gave a presentation to his “Evolution of Finance” class titled “Blockchain and the Future of Finance.
2019-3-1 03:39 | |
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China Releases New Cryptocurrency Ranking With A Slightly Better Performance For Bitcoin The Chinese Center for Information and Industry Development (CCID) has recently released the latest ranking related to virtual currency projects in the market.
2019-2-27 19:58 | |
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The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party.
The Central Bank of Iran (CBI) will begin a trial of its central bank digital currency (CBDC), the digital rial, in Kish Island starting in July. The central bank said on June 19 that banking network customers and tourists can use the digital rial wallet to make purchases and transfers between wallets via barcode without […] The post Iran to pilot CDBC in Kish Island starting July appeared first on CryptoSlate.
The world’s largest lender, Industrial and Commercial Bank of China (ICBC), recently published an in-depth analysis highlighting the rapid evolution and growing diversity in digital currencies, where it compared Bitcoin to gold and deemed Ethereum “digital oil.
Onchain Highlights DEFINITION: Bitcoin realized cap HODL waves are a bundle of all active supply age bands, aka HODL waves. Each colored band shows the percentage of Bitcoin in existence that was last moved within the period denoted in the legend.
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
The Qatar Central Bank (QCB) has announced the completion of the infrastructure development for its Central Bank Digital Currency (CBDC) project, marking a significant milestone in its efforts to embrace digital financial transformations.
Israel's central bank is launching a challenge on the use of a central bank digital currency in payments as part of an "action plan for a possible issuance of the digital shekel."