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Shenzhen Continues CBDC Trials, Distributes Another $3 Million in Digital Yuan
The Chinese city of Shenzhen is preparing for its third test for China’s central bank digital currency (CBDC) project known as digital currency electronic payment (DC/EP), as it plans to distribute $3 million in digital yuan in a red packet event. дальше »
2021-1-22 16:00 | |
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Bitcoin On-Chain Data Reveals Chinese Mining Pool Behind Its Crash
An otherwise decentralized cryptocurrency, Bitcoin, might have become a victim of a centrally orchestrated price dumping attempt. According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange rate by almost 20 percent in just less than 24 hours. дальше »
2021-1-22 14:26 | |
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Jihan Wu’s Bit.Com Plans To Launch The First Ever Bitcoin Cash (BCH) Option Contracts
Bit. com, a Jihan Wu-owned exchange, announced on Wednesday, plans to add perpetual swaps of Bitcoin’s fork project, Bitcoin Cash (BCH). Reports from Chinese blockchain insider Colin Wu further confirms that the exchange is planning to become the first to offer BCH option contracts. дальше »
2021-1-22 23:43 | |
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Chinese city to issue $3 million in digital Yuan in pilot giveaway
For the third time, China's southeastern city of Shenzhen will issue the nation’s digital currency as part of an ongoing pilot program to test China’s central bank project among its citizens. The post Chinese city to issue $3 million in digital Yuan in pilot giveaway appeared first on AMBCrypto. дальше »
2021-1-22 22:00 | |
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Bank of China Accentuates Urgent Need for CBDC Amidst the Pandemic
According to a statement by Guo Weimin, Bank of China’s chief scientist, the economic turmoil caused by the pandemic is one of the reasons why Chinese corporations should urgently shift to the use of digital currencies, stating: “There will be a lot of challenges from the pandemic that will make good cases for the useRead More дальше »
2021-1-22 17:00 | |
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Shares of IOST’s Partner Soar 500% at NASDAQ
Shares of NASDAQ-listed EHang Holdings—an IOST’s strategic partner since 2019, is up 500% in two months, a report on Jan 19 shows. EHang Holdings Shares Soar EHang Holdings is a Chinese manufacturer of drones enjoying success following increasing demand for unmanned aerial vehicles (UAVs). дальше »
2021-1-20 15:48 | |
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Chinese-Backed BSN reveals Plans to Develop a Universal Digital Payment Network
Chinese backed blockchain project BSN has revealed plans to pilot the adoption of a global CBDC system in 2021. Central Bank Digital Currencies (CBDC) was the major talk in 2020 and it appears that the push will be greater this year. дальше »
2021-1-16 23:00 | |
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China: Hospital Issues Blockchain-Based Electronic Bill
In a first, a Chinese hospital sends its patient the first blockchain-powered electronic bill. Electronic Bill on Blockchain According to a Coindesk report on January 13, a hospital in China recently sent the first electronic bill to one of its patients. дальше »
2021-1-14 18:00 | |
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Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines
A U. S. listed Chinese sports lottery firm announced that it has entered into a purchase agreement to acquire bitcoin (BTC) mining machines. The deal involves the issuing of $14. 4 million worth of 500. дальше »
2021-1-14 21:30 | |
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Blockchain Startup Conflux Gets Funding From the Shanghai Government
Blockchain company Conflux has announced it received funding from the Shanghai government to aid its public chain research. This fund support is a massive boost for the company, as it’s evidence that the Chinese government is strongly behind the company’s permissionless blockchain project. дальше »
2021-1-13 05:00 | |
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Central Washington Raises Concerns Over Possible Bitcoin Mining Boom
A region in the Pacific Northwest of the United States is on high alert because of concerns about a possible invasion of bitcoin (BTC) miners. The state has previously experienced an influx of Chinese bitcoin miners, due to decreasing electricity prices. дальше »
2021-1-12 02:30 | |
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Chinese Bank Trials Digital Yuan ATMs in Shenzhen as Part of Third CBDC Test
The Agricultural Bank of China, one of the biggest banks in the country, has recently kicked off the testing of ATMs that would allow customers to convert their cash into digital yuans, according to a report by SZNews on Jan 10. дальше »
2021-1-11 21:00 | |
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State-Owned Chinese Bank Launches Digital Yuan ATM Trials In Shenzhen
According to a local news website, Shenzhen Special Zone News, one of China’s largest state-owned banks, the Agricultural Bank of China, is launching digital yuan ATMs in Shenzhen. The ATMs will be released in select branches in Shenzhen, allowing users to convert cash or bank savings into the digital yuan seamlessly and back to cash. дальше »
2021-1-11 17:43 | |
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Chinese Bank Trials Digital Yuan Services at ATMs: Report
Trials of China's central bank digital currency continue, with ATMs now starting to be used in Shenzhen. дальше »
2021-1-11 15:49 | |
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Trump Bans Chinese Payment App Giants Alipay and Wechat- Order Could Steer Billions of Dollars Toward Bitcoin
Cryptocurrencies may see a boost between China and the U. S. , as the American president Donald Trump has signed an executive order banning financial transactions with eight China-based payment applications. дальше »
2021-1-7 03:30 | |
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Chinese Lottery Winners to Receive Free Digital Yuan
The central bank digital currency, or CBDC, is a permissioned, state-run cryptocurrency that allows China to track the spending habits of its yuan users. It can also adjust inflation rates and even block citizens from accessing their accounts. дальше »
2021-1-5 21:51 | |
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Shenzhen Airdrops $3 Million Worth of Digital Yuan in Third CBDC Test
Popular Chinese city Shenzhen’s government had announced on New Year’s Eve that their plan to distribute $3 million worth of digital yuan to local residents, in China’s third Central Bank Digital Currency (CBDC) tests. дальше »
2021-1-6 20:00 | |
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Binance vs. KuCoin Crypto Exchange Duel 2021
The two most popular Asian exchanges are Binance and KuCoin and both were based in China. After Chinese government banned digital currency exchanges, they both moved to Hong Kong, while Binance later on moved on to Malta even though current reports from TheBlock claim that Binance is not incorporated there but rather on some other, […] The post Binance vs. дальше »
2021-1-3 19:25 | |
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Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’
China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. дальше »
2021-1-1 00:00 | |
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SEC Obtains Emergency Asset Freeze Against Virgil Capital
Stefan Qin, the 23-year-old founder of Virgil Capital, has been accused by the SEC of “fabricated records” for failing to redeem $3.5 million in investments and attempting to withdraw $1.7 million in investor funds to pay off Chinese loan sharks. дальше »
2020-12-29 20:20 | |
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Vitalik Buterin calls XRP a “shitcoin” following statements about ETH and BTC being “Chinese-Controlled”
The Co-founder of Ethereum Vitalik Buterin has blasted the team at Ripple for implying that both Ethereum and Bitcoin are likely to be controlled by the Chinese government. Buterin who is usually outspoken on ETH-related issues was quick to spot excerpts of the article posted by Ripple, titled “Summary of Ripple’s Wells Submission,” a follow […] дальше »
2020-12-24 00:50 | |
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Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold
Chinese state-operated media outlets keep adding cryptocurrencies — specifically bitcoin — on their reporting agenda. Lately, they have been replicating bitcoin predictions that are surprising in some way to the crypto community due to the number of mentions on the matter since several months. дальше »
2020-12-16 17:50 | |
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Chinese State Media: BTC Bull Market Can Cause Long-Term Downward Pressure on Gold
In 2020, China has repeatedly been pointing out the bull run the largest digital asset is enjoying, and yet again, before the year is over, it went at it again, but this time, it took one step further. дальше »
2020-12-14 22:17 | |
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Chinese Media: Bitcoin Bull Run Could Be Bearish for Gold and Precious Metals
Chinese state media are predicting further declines for gold and the precious market in general amid a possible parabolic advance for Bitcoin (BTC). Indeed, several market analyses show an increasing pivot away from traditional haven assets like gold towards BTC as investors look to capitalize on the top-ranked crypto by market capitalization reaching new heights. дальше »
2020-12-14 16:45 | |
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Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers
An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being inexplicably transferred to some cryptocurrency traders. дальше »
2020-12-14 15:30 | |
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Bithumb Review 2021 – Legit Place To Buy Bitcoins?
Non-western exchanges are somewhat of a taboo topic in the world of cryptocurrency. The fall of the Japanese-based Mt. Gox and the recent clampdowns on crypto-trading by Chinese, Indian and Korean governments made the average user think twice before doing his business outside of USA/Europe. дальше »
2020-12-12 01:21 | |
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Chinese Tech Firms Didi, Meituan, & Bilibili Launch Lottery-Based Trials for Digital Yuan
Tests for China’s digital yuan are still ongoing as companies continue to join the People’s Bank in its efforts to digitize the currency. This week, local news source CLS confirmed that three large internet companies had joined the tests in what appears to be a lottery-style trial. дальше »
2020-12-12 21:23 | |
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Chinese IT giants take part in digital yuan test
According to The Block, three large Internet companies from the Celestial Empire will join the digital Renminbi (CBDC) testing being developed by the National Bank of the country. The list of companies includes the DiDi passenger transportation service, which has already taken part in the first wave of testing. In addition to the taxi aggregator, […] дальше »
2020-12-12 20:53 | |
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Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility
On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. дальше »
2020-12-10 02:00 | |
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Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). дальше »
2020-12-10 10:30 | |
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