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Much Anticipated Central Bank Digital Currencies Raise Privacy Concerns
12.7.2020
CBDCs are one of the hottest topics in the fintech space, but as their inception comes closer, serious privacy concerns come with it
Chinese Authorities Confiscate $15 Million in Cryptocurrencies, Arrest 10 Scammers
11.7.2020
Chinese authorities have seized cryptocurrencies worth about $15 million while bringing down a scam involving fake Huobi tokens. In addition, ten people were arrested while luxury cars and real estate were confiscated. The police in the Chinese city of Wenzhou, Zhejiang province, have cracked...
Kazakhstan Sets Eyes on Top-3 Spot for Global Bitcoin Mining
10.7.2020
The post-Soviet country’s cheap electricity has been attracting Bitcoin miners, but will it manage to elbow out Russia and the United States?
Chinese Police Dismantle $14M Crypto Scam
9.7.2020
The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million
Court in China Implementing Blockchain for Court Reform
9.7.2020
Chinese courts are implementing blockchain storage technology to record court hearings
China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
9.7.2020
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan...
IOST’s Aiou Tech & Alipay Get Acknowledged By China Mobile Communications Association
9.7.2020
Aiou Technology, the enterprise arm of leading blockchain network IOST has added a remarkable credit to its name as it gets selected by China Mobile Communications Association as the “Outstanding Blockchain Program” for giving necessary assistance to the relief operations for curbing the COVID-19...
Ferrari, McLaren and $15M in Crypto Seized as Chinese Police Bust Arbitrage Scam
9.7.2020
The novel Chinese scam saw perpetrators create fake crypto assets to fleece investors seeking arbitrage opportunities
China’s CBDC Project to Collaborate With More Domestic Enterprises
9.7.2020
A major Chinese e-commerce platform and a video sharing site have reportedly joined China’s CBDC project
CBDCs and COVID-19 Top Agenda in First Two Days of Unitize Conference
8.7.2020
An overview of the first two days of the Unitize virtual blockchain conference where top crypto and blockchain experts offered their views on topical issues in the industry
Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages
8.7.2020
The U.S. sanctions on financial institutions in Hong Kong could put the city’s growing crypto brokerage businesses in jeopardy
Chinese Province to Use Quarkchain for Construction Resource Management
8.7.2020
Blockchain firm Quarkchain announced a partnership with the ecological department of Northeastern Chinese province Shanxi
Chinese Steelmaker Settles $16 Million Iron Ore Deal on Blockchain
8.7.2020
A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd
Ride-Hailing Giant DiDi Joins China’s Digital Yuan Project
8.7.2020
The world’s second-highest-valued unicorn startup has partnered with the Chinese central bank to work on the forthcoming digital yuan
China’s Uber, DiDi, to Trial PBoC’s Central Bank Digital Currency
8.7.2020
Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform
Former Official Says China Needs to Reform Crypto Laws
8.7.2020
A Chinese official indicated that crypto will inevitably be part of the digital capital market
Global Compatibility Is A Key Factor In The CBDC Race, Says Expert
7.7.2020
CBDCs will have to be internationally interoperable to become globally adopted, says a Hong Kong University expert
Chainlink Rises 15% Amid China’s Blockchain Network Launch
7.7.2020
LINK token experienced a massive price surge as China’s national blockchain network activated 135 nodes with integrated Chainlink price oracles
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...
First Mover: Even Bank of America Acknowledges China Winning Digital-Currency Race
7.7.2020
BoA researchers anticipate that China's digital yuan might make a dent in the greenback’s global hegemony