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Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive


A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste. Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution. The bank...

China Set for Digital Yuan Adoption Drive Ahead of Asian Games


China is readying a fresh digital yuan adoption push ahead of next month’s Asian Games, with the nation ready to show off its CBDC to a large international audience for the first time. Citizens in the pilot zones will be able to buy tickets for the event using the central bank’s official CBDC...

Validation Cloud & Hedera collaborate to drive EVM equivalence


The HBAR Foundation has announced the integration of Validation Cloud with Hedera Network. The objective of entering into this association is to back the EVM equivalence, enabling Ethereum EVM developers to seamlessly migrate their experience to a similar ecosystem. Validation Cloud has committed...

China’s Shanghai and Suzhou Ready Fresh CBDC Adoption Drive


The Chinese cities of Shanghai and Suzhou are eyeing more digital yuan adoption progress as the nation tries to drive up interest in its CBDC. The central People’s Bank of China (PBoC) recently claimed that almost $250 billion worth of CBDC transactions had been processed in the nation to date....

Study Shows Bitcoin Mining Could Accelerate Transition to Renewable Energy


A new study suggests bitcoin mining could actually help drive the transition to renewable energy sources. Researchers Juan Ignacio Ibañez and Alexander Freier make the case that Bitcoin miners’ demand for cheap electricity provides incentives for increased renewable energy production....

SEC Chair Warns AI Poised to Drive Future Financial Crises


U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) technology will be at the center of future financial crises. The securities regulator has put out a specific proposal to address some of the issues that could be embedded in AI models....

Will Litecoin Halving drive LTC price to new heights in 2023?


Litecoin is known as ‘digital silver,’ a popular Bitcoin fork that is ready for an upcoming halving. Will it impact the LTC price? What is the significance of halving? If you are a Litecoin holder or want to invest in LTC for the long term, please read this post because the upcoming halving could...

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