The euro would likely be overtaken by the Chinese digital yuan if the European Union does not create its own state digital currency by 2025, an independent non-profit European research institute focused on blockchain research, has predicted in a report examining the issue of central bank digit...
As the People's Bank of China (PBoC) publishes a commentary that points out that China needs to become the first nation to issue a digital currency to internationalize the yuan and reduce its dependence on the global dollar payment system, local media report that the bank's Digital Curren...
Two types of DeFi players emerged in China during the past few weeks: the OGs who are busy claiming airdropped UNI tokens, the governance token of Uniswap; and the newbies who are scratching their heads trying to get in the game but can’t because of high gas fees, or lack of know-how. ...
China will be behind the U.S. and Western Europe this year in terms of spending on blockchain solutions, a new update by the International Data Corporation (IDC) Worldwide Blockchain Spending Guide has shown. The U.S. is expected to spend more than $1.6 bln to be the largest geogra...
The U.S. House of Representatives' Energy and Commerce Committee has passed the bipartisan “American Competitiveness Of a More Productive Emerging Tech Economy Act” or the “American COMPETE Act” which has been suggested to strengthen the much-talked about effort ...
The Open Finance (OpFi) concept somewhat aligns with the ideal behind the Blockchain Service Network (BSN) initiative launched by China in August, a Zilliqa platform's Senior Vice President has said. Han Wen Chua says the BSN, as well as China’s goal to establish a digital...
Shanghai has become the latest city in China whose local government has taken on an ambitious blockchain-based project. According to a report from local news media source Shine, Shanghai’s central Jing’an district has decided to launch a project that would issue coupons to people through We...
The world’s largest cryptocurrency exchange, Binance, has announced it has joined the European association representing international blockchain industry participants and also seeks to advocate for balanced policy and regulatory governance at the EU-level, Blockchain for Europe. Its mem...
One begets two, two begets three, and three can create millions of things. Just like biological evolution and market prosperity, forks in a decentralized ecosystem are inevitable. The crucial consensus divergences can only be resolved through forks in order to retain the opportunity of developmen...
China’s largest online and offline retailer, JD.com, has partnered Everledger and the world’s foremost authority on certification of diamonds, the Gemological Institute of America (GIA), as part of efforts to increase trust and transparency in diamond provenance and further confidence ...
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