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Growing Spate of CBDCs Like China’s Key to 2020 Being Year of Stablecoin

Jan 18, 2020

Interest in stablecoins started to gain momentum in 2019. Market insiders have now been overly convinced that the growth of this form of digital currency, which seems to have been shot to limelight by Facebook's proposal of its Libra project, will be bigger in 2020 going by developing trends. ...

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Binance and Huobi Received Over 52% of $2.8 Billion Illicit Bitcoin in 2019

Jan 17, 2020

Exchanges have always been a popular off-ramp for illicit cryptocurrency, in 2019, $2.8 billion in bitcoin have been moved from criminal entities to exchanges, of which over 52% have gone to the top two crypto exchanges Binance and Huobi, a latest Chainalysis report found. According to the b...

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Bitcoin Mining Difficulty Sets New High, Market Rallies, is Halving Effect Imminent?

Jan 15, 2020

Bitcoin mining difficulty of the bitcoin network has set a new all-time high of 14.78T at the block height 612864 at 23:42 UTC on Jan 14. It is estimated that the mining difficulty will increase by 7.14% to 15.83 T, with 14 days and eight hours left, according to BTC.com. In the p...

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2019 Best Year for Bitcoin, DeFi’s Growth to Continue – Asian Data Aggregator

Jan 15, 2020

Amidst reports that the world's total debt load has risen to $253 trillion, or 322% of its GDP, and that the price of Bitcoin surged to a two-month high, Asia's top crypto data aggregator, CoinGecko, has released its year-end report which shows 2019 was not at all bad for the top cryptocurre...

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Bitcoin-Like Digital Asset Ranks Fourth Among Chinese Investor’s Favorite Investment Products

Jan 14, 2020

Digital asset represented by Bitcoin has ranked fourth on the popularity list for Chinese investors, according to a recent report by Duxiaoman Financial, China’s search giant Baidu’s fintech arm that provides short-term loans and investment services. The report named 2019 National Inv...

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China’s Capital Outflow via Cryptocurrency Stands at $11.4 Billion in 2019

Jan 9, 2020

China’s capital flight through cryptocurrencies trading stands at $11.4 billion in 2019, according to a recent report by China-based blockchain security firm PeckShield. In the Digital Asset Antimony Laundering Research Report, PeckShield's security team reviewed the status of "ille...

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Five Crypto Exchanges are Expected to Enter Regulatory Sandbox in Hong Kong

Jan 9, 2020

About five crypto exchanges have been included in Hong Kong’s regulatory sandbox, according to report by a Chinese media. On November 1, 2018, Hong Kong’s Securities and Futures Commission (SFC) issued new regulations on virtual asset investment and proposed to include the virtu...

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2020 Annual Meeting: China’s Central Bank to Forge Ahead Development of Fiat Digital Currency

Jan 6, 2020

The 2020 annual meeting of China’s central bank (PBOC) was held in Beijing from January 2 to 3, on which the current economic and financial situation was analyzed and key work in 2020 was deployed. ‘The research and development of fiat digital currency is going smoothly’, China’s ce...

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Bitcoin the Most Profitable Asset in 2019, Chinese Real Estate Turned Loss Making

Jan 3, 2020

In 2019, most major investment classes have recorded positive returns. Bitcoin has increased by 107% in 2019, making it the most profitable asset of the year. While China's real estate price index was one of the few unprofitable assets in the world in 2019. Judging by the economic fundamenta...

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China’s Digital Currency, Encryption Law And DeFi

Jan 2, 2020

China's proposed move to be the first large global economy to introduce a digital version of its fiat currency has been strengthened by an encryption law which became effective on Jan. 1. The law, which was adopted in October according to Xinhua, will regulate government and private uses of ...