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Category Archives: Headlines

Bitcoin Drops as Chinese Financial Bodies Berate Crypto Use 

May 19, 2021

Olusegun Ogundeji

The price of Bitcoin fell by about $2,000 on Tuesday May 18 shortly as three major finance-related bodies in China released a statement warning investors against engaging in speculative crypto trading. According to the timing on the CoinGecko crypto aggregator price chart, the sharp nosedive...

AliPay Launches Digital Yuan Model For Select Users

May 12, 2021

According to the latest report from Caixin, there has been a slew of new developments regarding China’s upcoming digital yuan. At the core of these new developments is AliPay, the payments arm of China’s commerce giant Alibaba. Namely, sources within China have found that AliPay has la...