The People's Republic of China (PRC), though not a fan of cryptocurrencies, has shown major interest in its underlying technology - blockchain. In line with this, the government of one of China's major mainland cities, Shanghai, has invested $5 million in Conflux. Conflux is a Beijing-based blockchain startup company. The funding makes Conflux the first-ever public blockchain platform to be supported by the...
DOT reached its all-time high of $13.22 just six days after bitcoin’s price reached a new all-time high.
The mining gold rush has also led to the creation of mining hashpower pegged hashrate tokens launched by Binance and mining farm operator Poolin. Bitcoin's race to $42,000 record price has led to a mining gold rush to profit the most...
Hainan is one of the few provinces that have successfully incorporated blockchain technology into their public institutions’ online administrative platforms.
The Shanghai government has invested over $5M in public permissionless blockchain startup Conflux while putting the project in the list of 57 companies that focus on emerging technologies such as 5G and aerospace.
Trials of China's central bank digital currency continue, with ATMs now starting to be used in Shenzhen.
U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users. Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay's parent, and Tencent Holdings, […]
Google Cloud is hiring a manager for its team to sell enterprise accounts to C-level executives.
Reading Time: 2 minutes Residents in Shenzhen, China will have another chance to participate in a digital yuan trial The government is airdropping 20 million yuan ($3 million) between 100,000 residents for a second real world test This second test is a follow up to the...
OKCoin said it will suspend XRP trading and deposits on its crypto exchange, effective on January 4, 2021, according to its statement on Monday afternoon. The exchange specified two key dates along the suspension timeline. "At 3 a.m. UTC time on January 4, the exchange's users who have borrowed from the XRP/USD margin pair (incl. […]
Reading Time: 2 minutes The term ‘CBDC’ was largely unknown before 2020, but that is no longer the case Governments across the world have been investigating the concept this year, with some even implementing them Facebook’s Libra token and the coronavirus have propelled...
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