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Tag Archives: Blockchain

DeFi’s path to overtake traditional finance

Nov 17, 2020

Victor Canghai Ji

The summer of 2020 witnessed the mania of Decentralized Finance (DeFi) which swept the crypto world with its market value once exceeding US$1 bn and hundreds of billions of digital assets involved in the financial services provided by DeFi products. As the market gradually cools down, you ...

China Crypto Roundup (Nov 9- Nov 16): China Construction Bank to Sell $3bn Worth of Blockchain-based Debt, PBOC Plans on Building a Legal DCEP Test Zone in Beijing, China’ RCEP Deal May be a Testbed for Blockchain’s Maturity in International Trade

Nov 16, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week include: China Construction Bank to sell $3bn of debt on blockchain, China to set up a new CBDC test zone in Beijing, China’ RCEP deal may be a testbed for blockchain’s maturity in International trade.…… C...

China Construction Bank to Sell $3bn Worth of Debt Using Blockchain

Nov 12, 2020

After spending the better half of the year heavily investing in the development of blockchain technology, China’s largest institutions seem ready to put their money where their mouth is. According to the latest report from the South China Morning Post, China Construction Bank, one of the ...

US Not in Race With China to Issue CBDC

Oct 20, 2020

Olusegun Ogundeji

The U.S. has made its stance clear on the country's intention regarding the issuance of a central bank digital currency (CBDC): the world's largest economy is not in a race to issue a digital version of the U.S. dollar and will do it when deemed appropriate. The clarity was presented by th...

China Crypto Roundup (Oct 12- Oct 19): Chinese Police Cracking Down on Illegal Bank Cards, 2022 Asian Games Tickets Will be Issued on A Blockchain Network, 2 Million People Applied for Shenzhen’s Digital Yuan “Red Packets”

Oct 19, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week include: Chinese police cracking down on new types of illegal crimes in telecommunication networks, Alibaba’s blockchain subsidiary to issue tickets for the 2022 Asian games in Hangzhou, almost 2 million people applied for ...