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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
12.2.2020
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable...
Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
12.2.2020
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is...
US Congressman Challenges Fed Chair on Threat of China’s Digital Currency
12.2.2020
Congressman tells Federal Reserve Chair that the U.S. is at the tipping point of issuing its central digital currency
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
10.2.2020
A senior Japanese lawmaker said that the country should release its digital yen in two to three years
Chinese Insurance Firms Use Blockchain to Process Coronavirus Claims
9.2.2020
Insurance claim processing firms in China use blockchain to reduce paperwork and accelerate procedures
Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research
9.2.2020
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018...
Coronavirus Checks China’s Blockchain Ambitions
9.2.2020
As long as the Coronavirus keeps everyone indoors, China's big, bold blockchain ambitions are on hold
German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic
8.2.2020
Germany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it towards recession. Falling industrial production and dwindling factory orders are the prime cause of concern. The negative results have been announced on the backdrop of weak demand from Eurozone...
Chinese Startup Donates $14K to Fight Coronavirus While Launching a Blockchain Data Platform
7.2.2020
Chinese firm FUZAMEI has launched a charity-focused blockchain platform amid the coronavirus epidemic
Asian Crypto Conferences Are Being Delayed For Coronavirus Reasons
7.2.2020
Crypto conferences in Asia are delaying events for coronavirus reasons, including TOKEN2049 and Binance Blockchain Week Vietnam
Fearing ‘Currency Struggle,’ Japanese Politicians Want G7 Response to China’s Digital Yuan
7.2.2020
The group of lawmakers fears that the digital yuan could create economic disruption if it starts to replace the greenback in international markets
Japanese Lawmakers Want US to Place Digital Currencies on G7 Agenda
7.2.2020
In light of China’s forthcoming digital yuan, Japan should push the U.S. to place digital currencies on the G7’s agenda, say local lawmakers
China’s Coronavirus Whistleblower Is Now Memorialized on Ethereum
7.2.2020
Someone has just created a smart contract on the ethereum blockchain with source codes forming an image of a monument in memorial of Dr. Li Wenliang, the whistleblower of China's coronavirus outbreak who died of the disease
Blockchain Charity Platform to Fight Against the Coronavirus Outbreak
5.2.2020
A blockchain charity platform is gearing up to fight the coronavirus outbreak in China
Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests
5.2.2020
Crypto exchange service provider Bitspark is shutting down next month despite reporting exponential growth following the launch of its cash point product. The CEO of the company explained that its internal restructuring has not worked out but insisted that the ongoing protests in Hong Kong...
Blockchain Tech Could Help Tackle Coronavirus, Says Expert
5.2.2020
Blockchain and AI-driven strategies should be implemented to better tackle responses to the coronavirus epidemic, a Hong Kong academic argues
Bitspark Shuts Down Amid Restructuring, Coronavirus and Protests
4.2.2020
Hong Kong-based blockchain startup Bitspark closes down, citing internal restructuring issues exacerbated by a coronavirus outbreak and local protests
Tech Like Blockchain Will Transform Chinese Economy, Bank Chair Says
3.2.2020
The next decade will see a digital transformation in China with blockchain adoption, according to Minsheng Bank’s chairman
China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic
3.2.2020
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into...
Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders
3.2.2020
Bitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels. Sources say Bitmain and Innosilicon are delaying mining device shipments as well. Also read: How...