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Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

9.12.2020
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank

10 Predictions for 2021: China, Bitcoin, Taxes, Stablecoins and More

9.12.2020
2020 was an awful year for the world but a breakthrough one for crypto writ large. Here are 10 trends to watch for next year

Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders

9.12.2020
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). Crypto Exchange Founder Taken Into Custody by Chinese Police...

China Preparing to Wow World with Digital Yuan at Winter Olympics

8.12.2020
The national Stadium (a.k.a. Bird's Nest) built for 2008 Summer Olympics and will be used again in the 2022 Winter Olympics. Source: Adobe/coward_lion China appears to be targeting the 2022 Winter Olympics as a showcase for the digital yuan – and will hope to show a global audience how fast...

Huobi’s HUSD Stablecoin to Run on Nervos Blockchain

8.12.2020
China's Nervos picks Huobi's HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China

Monster Hunter Movie Producers Apologize After Backlash In China

8.12.2020
As Kotaku recently reported, a racist line of dialogue led to thousands of negative online reviews in China and calls to ban the film. The movie’s producers have now apologized.Read more

German Bank to Launch Bitcoin Investment Fund in January

8.12.2020
German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview,...

Clocking Terahash: Three Next-Generation Bitcoin Mining Rigs Launched During the Last Quarter

8.12.2020
Just recently, the China-based bitcoin mining rig manufacturer Microbt released a new ASIC device that clocks up to 112 terahash per second (TH/s). The new machine is one of the top-performing mining rigs on the market, according to today’s network difficulty and electrical rates below $0.06...

40 Boxes Of RTX 3090 Graphics Cards Stolen From Warehouse In China

8.12.2020
It’s bad enough that bots and scalpers are buying up all the stock of Nvidia’s new graphics cards, but some thieves in China have taken things to the next level and stolen 40 boxes of RTX 3090s, valued at around $340,000, from an MSI warehouse.Read more

China’s Latest Digital Currency Trial Is Its Most Important Yet

7.12.2020
More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou

China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It

6.12.2020
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.com, one of China’s largest online...

Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments

6.12.2020
PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments

Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution

6.12.2020
The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era

Monster Hunter: World Review Bombed On Steam As Backlash To Movie Grows In China

5.12.2020
In the last 48 hours Monster Hunter: World has received over 2000 negative reviews on Steam after a racist joke in the Monster Hunter film has led to a backlash in China and calls to ban the film. Read more

Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

5.12.2020
The platform will close all its over-the-counter (OTC) trading services because of the risks related to uncertainties from China’s regulatory policies/

JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery

5.12.2020
Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency

Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply

5.12.2020
While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC...