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China Central Bank Official Reveals Results of First Digital Yuan Pilots


An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities. Speaking virtually at the Sibos 2020 conference on Monday, Fan Yifei, deputy governor of the People’s Bank of China, said the bank opened 113,300...

After Banning ICOs China’s Defi Ecosystem Grows Exponential This Year


The decentralized finance (defi) ecosystem has become a multi-billion dollar industry and quite a bit of the popularity is stemming from China. While a number of defi projects from the West like Uniswap, Compound, and Makerdao are popular in the country, China is also creating its own landscape...

Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory


On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry...

Bitcoin OTC Crackdown, Wrapped ETH on Tron, XRP Ledger Foundation + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news China is clamping down on over-the-counter (OTC) crypto trading over money-laundering suspicions, per ChainDD. The media outlet...

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