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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...

Prof. Michael Sung Talks About the Rise of the Digital Yuan

3.2.2020
The story of the digital Yuan is more complex than we knew and Professor Michael Sung explains why

IBM Offers Blockchain Solution for Casual Labor Contracts

3.2.2020
Tech giant IBM says blockchain can help enterprises manage casual work contract reconciliation

China Worries Driving South Korean Central Bank to CBDC Research

3.2.2020
The South Korean central bank is launching a second central bank digital currency (CBDC) team – a year after disbanding its first group of CBDC researchers. The central Bank of Korea (BOK) announced its intentions to launch the new unit, which it says will conduct CBDC-related research, in what...

Bitcoin Price Forms ‘Golden Cross’ as China Panic Prints $170B

3.2.2020
China attempts to buoy markets with 1.2 trillion yuan as markets fall and analysts closely watch Bitcoin’s reaction

Cambodia Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan

3.2.2020
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan...

Is the Future of Blockchain Tech Innovation in the East?

1.2.2020
China, South Korea or India: Who will replace the U.S. as the world’s tech leader?

Coronavirus Controls in China Are Delaying Crypto Miner Deliveries, Firms Say

30.1.2020
MicroBT and Canaan have notified customers they would be delaying ASIC deliveries due to the Chinese government's quarantine of Wuhan following the coronavirus outbreak

India Unveils National Blockchain Strategy, Calling on RBI to Issue Digital Currency

29.1.2020
India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting...

Deutsche Bank Report: Digital Yuan Could Upset Global Power Balance, Plastic Will Die, Cash Survive

29.1.2020
A new report from Deutsche Bank Research, Digital Currencies: the Ultimate Hard Power Tool, predicts that cash payments will remain for decades, but the emergence of digital payments “will lead to the death of the plastic card.” The report, which is the third installment in a series...