Tag: china

Oct 22 2020

OKEx Customers Still in the Dark Over Founder’s Situation

Reading Time: 2 minutes OKEx customers are still in the dark about the state of the exchange and the funds they keep on it Founder Star Xu was removed from the business to speak to officials last week but hasn’t been seen since Deposits and withdrawals are still...

Oct 21 2020

Hong Kong Central Bank Willing to Test Digital Yuan

The regulator is interested in exploring CBDC's cross-border transaction capabilities.

Oct 20 2020

Digital Yuan Guinea Pigs Not Impressed by CBDC

Reading Time: 2 minutes China’s digital yuan test in Shenzhen has resulted in a lukewarm reception Users said that the app was less convenient than the established payment methods and that it had little to offer The government could tie bundles and usage incentives to...

Oct 17 2020

$5 Million Raised for DODO, China’s DeFi Project

Chinese DeFi project DODO has raised $5 million in their last funding round. After completing two funding rounds in August, the DODO DeFi project has completed another funding round, this time by private sales. These funds were raised by top firms in the cryptocurrency ecosystem....

Oct 12 2020

Digital Yuan Airdrop for Shenzhen Residents

Reading Time: 2 minutes China has increased its digital yuan testing to include a public test in Shenzhen 50,000 residents will receive about $30 worth of the CBDC to spend with participating retailers The Shenzhen trials come a week after it was announced that Beijing...

Bank of Japan Announces CBDC Tests in 2021

Oct 12 2020 Published at FullyCrypto under tags  adoption blockchain cbdc china cryptocurrency

Reading Time: 2 minutes The Bank of Japan has announced that it plans to trial a CBDC next year A digital yen is not inevitable, but the banks wants to “prepare thoroughly” for a digital future Japan has been reluctant to step into the CBDC world, but China’s progress...

Oct 07 2020

Ripple Co-founder Hints Shifting Base Out of the U.S, Blames Regulators

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that...

Oct 06 2020

China’s Interest Is Centered Around Bitcoin, Signals Next Bull Run

Over the last week, Bitcoin has been consolidating around $10,700 levels. Interestingly, the world's largest cryptocurrency has been holding its position resiliently despite some negative news like BitMEX's CFTC charges leading to an...

Bitcoin Analyst Reveals What’s Holding Price Above $10K: Its China

Oct 06 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt china tether

Bitcoin has shown an extreme resilience against bears that want to crash its spot rate below $10,000. And an on-chain analyst explains why. Forex professional Cole Garner...

Oct 05 2020

Digital Yuan to be Tested on 10,000 Toy Vending Machines

Oct 05 2020 Published at FullyCrypto under tags  america blockchain cbdc china cryptocurrency

Reading Time: 2 minutes China’s digital yuan is set for a real world test, with 10,000 toy vending machines being deployed in Beijing that will accept the CBDC The vending machines are the first example of public use of the digital yuan The development illustrates...

Oct 02 2020

Deutsche Bank Adds Weight to CBDC Dollar Disruption Claims

Oct 02 2020 Published at FullyCrypto under tags  adoption america blockchain cbdc china

Reading Time: 2 minutes Deutsche Bank has echoed concerns that global CBDCs could reduce the dollar’s dominance The bank released a report that highlighted the benefits and drawbacks of CBDCs Privacy groups will not like the amount of power governments could gain...

Sep 22 2020

The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders

Bitcoin miners have successfully survived the 2020 Halving and COVID-19, and the network is now seeing some of its highest hash rates ever as these operations power up new equipment and reach new levels of decentralization going into the second decade of bitcoin mining. Bitcoin Mining Is Decentralizing China still dominates the bitcoin mining space, although the percentage of the hash rate coming...

PBOC: Digital Yuan Will Reduce Dollar Dependence

Sep 22 2020 Published at FullyCrypto under tags  america blockchain cbdc china cryptocurrency

Reading Time: 2 minutes The People’s Bank of China has stated that it needs to “seize the first track” in CBDC development An article in China Finance describes the digital financial revolution as a “new battlefield” The PBOC sees a digital yuan as a way to reduce...

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