All is set for the next step in China’s move towards the creation of a Central Bank Digital Currency (CBDC). This time around, a test of the developing product will be carried out in the country’s province of Hainan. The exercise is expected to kick- off on April 12, 2021, and run un...
After a huge state-wide debate about the potential privacy implications of the digital yuan, the People’s Bank of China (PBoC) has officially come out with its own comment about the security implications of the upcoming national digital currency. According to the latest report from CPO...
1. The9 purchased the second batch of Whatsminer, with its’ computing power increase 40 PH/s On March 22, well-known Chinese game company The9 Limited has bought another batch of bitcoin miners from MicroBT (the manufacturer of Whatsminer) according to the sales agreement they signe...
The ongoing COVID-19 pandemic has affected almost the entire world. Both large and small, countries have been struggling to deal with the consequences of the virus and keep their economies afloat. And while China, which was hit the first and the hardest with the outbreak, has quickly manage...
Famous American social media influencer in China, Bart Baker, in collaboration with DeFine Art is set to release multiple non-fungible tokens, NFTs. According to him, this will be the first video on NFT, and will enable a meaningful traction for NFTs in Asia. Baker is one of t...
While the success China’s digital yuan project has seen so far has been tremendous, the country’s efforts to launch a national digital currency have frequently encountered roadblocks. One of the biggest and most persistent roadblocks the project has faced were the privacy concerns regarding the...
1. HKMA: We are working with the Digital Currency Institute of the People's Bank of China to test the digital RMB On March 15, Hong Kong Monetary Authority (HKMA) JP Eddie YUE said that they were working with the People's Bank of China (PBOC) Digital Currenc...
1. Meitu spent 260 million yuan to buy Bitcoin and Ethereum On March 8, Well-known beauty camera app Meitu's parent company, the Hong Kong-listed Meitu Company, became a trending topic on Weibo after it announced to great fanfare that it had bought $40 million, or about 260 million yu...
The huge surge in popularity non-fungible tokens have seen in the past few weeks has been evident both in major market movements and the rise in new NFT projects across the globe. The NFT craze has quickly spread to Asia as well, with platforms racing to capture the loose capital flowing ar...
There has been an increase in blockchain projects due to its steady growth and progress in the industry. Many countries have been investing in blockchain implementations. Take China, for example, the country has spent billions on this implementation. Implementing blockchain gives you the full...
English
Chinese
