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Cash Users in China Risk to Get Coronavirus, Banks Disinfect Banknotes
17.2.2020
Chinese officials are waging an unexpected war on cash in the wake of the coronavirus outbreak – amid fears that contaminated banknotes could spread the deadly virus.
The country’s central People's Bank of China (PBoC) has launched a campaign that, per the South China Morning Post, will see it...
China: Blockchain Deployment Rises Amid Coronavirus Outbreak
17.2.2020
China has seen as many as 20 blockchain apps launched to tackle coronavirus-related challenges
Chinese Blockchain Startup Hires VC Exec to Lead North American Expansion
17.2.2020
Beijing-based blockchain startup Conflux has hired the former head of crypto at VC firm Outlier Ventures to lead a North American expansion
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
Chinese Quarantines Cash To Stop Coronavirus, Not an Issue With Bitcoin
16.2.2020
Quarantine measurement are being taken for used banknotes in China to fight the coronavirus, some says crypto is the answer
China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You
16.2.2020
Research has shown that government paper money is a hotbed for bacteria and that, at least in the U.S., most bank notes in circulation are tainted by cocaine. Now you can also worry about a new threat possibly sticking to your fingers when you handle a bill – a deadly virus coming out...
Coronavirus Spreads and Crypto Rallies, but Not Everything Is Related
15.2.2020
The coronavirus and the crypto rally: Is it a case of correlation without causation?
Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years
15.2.2020
Japan is worried about the soon-to-be-released Chinese CBDC, as it might disrupt the global economy. Local lawmakers suggest developing a digital yen to counter it
Are Japan and China Heading Towards a Crypto Race?
14.2.2020
China and Japan share a long and tense history: both nations have been on opposite sides of multiple conflicts in history. Even today, the relationship between the two states remains precarious at best with conflicts such as those related to the South China Sea. Both countries are constantly...
Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?
14.2.2020
As so-called “doomsday prepping” grows in popularity thanks to news of coronavirus lockdown in Chinese cities, red flag gun laws and rampant Fed stimulus in the U.S., preparedness enthusiasts are asking about the viability of bitcoin in a SHTF situation. From cautious, light investor...
Exclusive: Chinese Group Looking to Buy One of Latin America's Largest Bitcoin Mines
14.2.2020
A Chinese group is in talks to buy CoinPY, one of the leading Bitcoin mining firms in Latin America
China takes additional steps to digitise the renminbi
13.2.2020
The People’s Bank of China files for multiple patents related to digital currency
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...