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...