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Category Archives: News

HKMA Signals e-HKD Launch for Cross-Border Payments, DeFi

Oct 4, 2022

Olusegun Ogundeji

In a move that could benefit China immensely, the Hong Kong Monetary Authority (HKMA) has signaled its plan to build a retail central bank digital currency (rCBDC). The discussion of a possible implementation of e-HKD in the future follows two rounds of market consultation to whic...

Former Chinese Ethereum Community Leader Abandons Network

Sep 29, 2022

A popular Ethereum community leader in China by the name of Ajian has abandoned the community over the implementation of the EIP-1559 protocol, famously known as the Ethereum Merge. This implementation implies that the Ethereum network has completely left the original Proof-of-Work (Po...

China Rides Higher on Crypto Adoption Scale Despite Ban

Sep 26, 2022

Olusegun Ogundeji

China has re-entered the top ten of Chainalysis’ countries in cryptocurrency adoption, the blockchain analysis firm has stated. Its latest summary indicates that the Asian country moved three places from its 13th spot on the 2021 Global Crypto Adoption Index and now sits at the 10th. The m...

Ethereum Merge Causes GPU Prices to Crash in China

Sep 26, 2022

The prices of Graphic Processing Units (GPUs) have fallen to their lowest ebb ever in China over the past few months. The reason for this is not far-fetched, as one of the major industries where they were deployed has embarked on a fundamental change of course that renders them redundant. H...