An Official From China’s Regulator Talks About IPFS, Libra2.0 and Blockchain in China

Jul 13, 2020

Yao Qian, former director of the Digital Currency Institute of China’s Central Bank talked about cryptocurrency, IPFS, Libra2.0 and blockchain on the air. Yao is known as the official who knows the cryptocurrency and blockchain best in the Chinese authorized strength. He is vener...

Less than 10 Percent of Libra Funding will Come from Facebook

Apr 17, 2020

Libra, Facebook’s highly contested cryptocurrency project, has implemented significant changes into its business model and is now trying to appease global financial regulators. The Libra Association, the project’s governing body comprising various companies and organizations, has pulled back ...

China Should Keep Alert to the Approval of Libra, Says Former President of the Bank of China

Jan 14, 2020

Li Lihui, the former president of the bank of China summarized the issuing mode, technical route and prospect of China’s fiat digital currency in detail in the recent interview. In addition, he expressed his views on the economic reasons for the growth of cryptocurrency and the relevant advant...

Hypothetical Cross-Border Effect of China’s Digital Currency

Nov 29, 2019

China's proposed digital currency may be used beyond its shores and it's worth the interest of countries like the US whose regulatory ambit won't cover such transactions, a former chief economist at the IMF has suggested in an interview. Though China's  digital currency electronic paymen...

Op Ed: In the Battle Between Libra and a Digital Dollar, Bitcoin Will Win

Oct 24, 2019

As Mark Zuckerberg testifies in Congress today, October 23, 2019, about Libra, the prevailing question is no longer if digital assets will go mainstream, but how they will do so and who will control them when they do. In one corner is the U.S. government. Inspired by and fearing ...

Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

Aug 19, 2019

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the loc...

Huawei Founder Ren Zhengfei Says China Can Create its Own “Libra”

Jul 26, 2019

Huawei founder Ren Zhengfei believes that China can issue a Libra-like currency to take the lead in the blockchain sector. Huawei, the world’s No.1 telecom supplier and No.2 phone manufacturer, is currently making some of the biggest waves in the wireless industry, and meanwhile running ...

China’s Interest in Facebook’s Libra Spikes on Hearing Libra Will Compete with Alipay, WeChat

Jul 19, 2019

China’s interest in Facebook’s Libra immediately spiked in response to the company’s intention to compete in its payment solution with Chinese payment giants Alipay and WeChat Pay during the hearing on Libra with the Financial Services Committee of the United States House of Repre...

China’s Central Bank Is Stepping up Developing Own Digital Currency in Response to Libra

Jul 9, 2019

People’s Bank of China, the country’s central bank, has been reportedly stepping up its effort in creating its own central bank digital currency (CBDC) in response to Facebook’s Libra. The topic has now been one of the most trending hashtags on Weibo (Twitter-like social media in Chi...