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Tag Archives: China

China Gets One Step Closer to CBDC

Mar 25, 2020

Decrypt

The People’s Bank of China (PBoC) has reportedly finished the first-technical-step of developing its sovereign digital currency. Yet, the launch date is still vague; now the central bank needs to come up with relevant laws for its circulation, and that can take even more time. An anonym...

Payment Giant Alipay Undertakes Crucial Work for China’s CBDC

Mar 24, 2020

Vincent He

Chinese payment giant Alipay has published 5 patents related to CBDC (central bank digital currency) from February 21 to March 17. Alipay, a third-party payment company, will undertake four crucial functions of China’s CBDC. Assuming the function of delivery and transaction bookke...

Chinese Bitcoin Miners: Price Crashed, and I Didn’t Leave

Mar 24, 2020

lylian Teng

Bitcoin price’s latest crash seems to have cast a shadow over the mining sector which saw the hashrate of bitcoin network dropped to a low of 85 EH/s from a peak of 133 EH/s on March 5. The current prices might be too low for some mining operations, which caused a small exodus of miners t...

538 Million Weibo Credentials Being Sold for Bitcoin on Dark Web

Mar 20, 2020

lylian Teng

Sina Weibo, China’s equivalent of Twitter, has reportedly been hit by a data breach, with its 538 million user records being offered for sale on the dark web, according to local technology publication PingWest. On March 19, a Weibo user found that 538 million Weibo users’ phone number...

8btc Online Summit | Should We Hold On after the Bitcoin Crash

Mar 18, 2020

lylian Teng

Bitcoin has suffered a historic week of catastrophic drop this past week. Crypto investors are stunned when the price of the primary cryptocurrency almost halved to $$3,800 in just two days beginning on March 12. Though the price has bounced later the week, it continues hovering around the $4...