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Hong Kong would not go crypto without China’s approval: Animoca exec

19.7.2023
China looks at Web3 as a powerful tool to challenge the United States’ technological and economic hegemony, Animoca co-founder said

Shenzhen, China: 36m Digital Yuan Wallets Opened So Far – CBDC Pilot Gathers Pace

18.7.2023
The Chinese city of Shenzhen says its residents have opened almost 36 million digital yuan wallets, as the nation’s central bank digital currency (CBDC) pilot breaks new ground. Per the Shanghai Securities News and the China Securities Network News, the claims were made by the Shenzhen branch...

Nobel Laureate Paul Krugman Says US Dollar Dominance Won’t Last Forever but Doubts Chinese Yuan Can Replace USD

18.7.2023
Nobel Prize-winning economist Paul Krugman says the U.S. dollar’s dominance “won’t last forever.” While recognizing the global de-dollarization trend, he expressed skepticism about the Chinese yuan’s ability to replace the U.S. dollar as the world’s dominant...

Bitcoin price falls under $30K as macro and regulatory worries take center stage

17.7.2023
As investor’s euphoria over Bitcoin subsides, regulatory and macroeconomic headwinds resurface to negatively impact BTC price

China’s Changzhou to Give Away Digital Yuan Tokens, Coupons Worth $700k

17.7.2023
The city of Changzhou, China, is set to give away $700,000 worth of digital yuan tokens and coupons before the year is out, as the nation’s central bank digital currency (CBDC) pilot continues. Per Changzhou Evening News (via JSChina), the city is hoping to boost CBDC spending during an upcoming...

Yellen Champions Ukraine Support as ‘Single Best Thing We Can Do for the Global Economy’ Ahead of G20 Summit

16.7.2023
Janet Yellen, serving as the 78th U.S. Treasury secretary, emphatically declared on Sunday that bolstering Ukraine represents “the single best thing we can do for the global economy.” Furthermore, Yellen expressed caution regarding the premature removal of trade constraints against China,...

Today in Crypto: Multichain Halts Operations Due to Lack of Funds and CEO's Arrest, Indonesia to Launch National Crypto Exchange This Month, US SEC Acknowledges Bitwise's Spot BTC ETF Application

14.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Multichain Halts Operations Due to Lack of Funds and CEO's Arrest, Indonesia to Launch National Crypto...

Crypto Bridging Protocol Multichain Ceases Operations After CEO, Sister Detained in China

14.7.2023
Multichain said it has been forced to take the action "due to lack of alternative sources of information and corresponding operational funds."

Moscow Says Russia and China Must Cooperate on CBDC Regulation

14.7.2023
The Russian and Chinese Central Bank must cooperate on CBDC regulation, the Russian Prosecutor-General has claimed. The comments come just days after the State Duma voted in favor of a bill that will allow the Moscow-based bank to begin “real-world” testing on its digital ruble. The Russian...

Central Bank of Argentina Accelerates Yuan Sales and Dollar Purchases as Reserves Dwindle

14.7.2023
The Central Bank of Argentina has accelerated the sale of its Chinese yuan stash, using part of the swap line provided by the government of China while it tries to acquire dollars simultaneously. According to local sources, the country’s reserves have plunged to their lowest levels in eight...

Today in Crypto: BNB Beacon Chain Upgrade Will Allow It to Halt New Block Production, Europe's First BTC ETF Set to Launch Next Month, Digital Yuan to be Used Offline, BitMEX Traders Can Form Guilds

13.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: BNB Beacon Chain Upgrade Will Allow It to Halt New Block Production, Europe's First BTC ETF Set to Launch...

Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments

13.7.2023
The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the pilot will be tested by selected users and areas...

Hong Kong's Grey Zone Crypto Stores Draw in Chinese Visitors

12.7.2023
According to a report from the Financial Times, the influx of Chinese tourists into Hong Kong has witnessed a peculiar trend in recent months, as more individuals seek to purchase cryptocurrencies during their visits. This surge in interest can be attributed to the stringent regulations...

Bank of China trials offline payments for digital yuan via SIM cards

12.7.2023
The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities

Chinese Central Bank Unveils SIM Card-based Offline CBDC Wallet

12.7.2023
The Chinese central bank has unveiled an offline SIM card-based digital yuan “hard” wallet solution that lets users pay with the central bank digital currency (CBDC) with powered-down phones. The innovation could eventually allow 2G phone-owning citizens to use their handsets to use the token when...

Robert Kiyosaki Warns US Dollar ‘Will Die’ Citing BRICS Nations’ Plan to Launch Gold-Backed Currency

12.7.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that the U.S. dollar will die. He expects the BRICS nations (Brazil, Russia, India, China, and South Africa) to launch a gold-backed currency that will kill the USD. The famous author further stressed that U.S. dollars will come flooding home...

Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down

11.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can...