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Blockchain Plays a Part as China Claims 72% of SMEs Are Back to Work


Chinese authorities state that industry 4.0 technologies such as blockchain technology have helped almost 72% of the nation’s small and medium-sized enterprises (SMEs) return to work in the wake of the coronavirus pandemic. Per Chinese state news networks the People’s Daily and the Beijing Youth...

China Is Drafting Laws for the Circulation of National Digital Currency


Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what...

World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic


The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...

China May Ramp up Digital Currency Progress to ‘Fend off Risk’ from US


The coronavirus pandemic has disrupted China’s economy, but not its digital currency plans. And amid reports that the country is nearing a major breakthrough in its plans to launch a digital fiat, one of the project’s key figures is urging caution lest American rivals steal a march on the Middle...

Justin Sun Happy With China’s Decision to End Lockdown in Wuhan


Justin Sun, the TRON spearhead and a renowned business personality of the crypto industry, showed his overwhelmingness while announcing that China is all set to end the lockdown on Wuhan imposed earlier to control the spread of COVID-19. He released a chain of tweets on his official Twitter handle...

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