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Tag Archives: Blockchain

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 ...

China to Gain More from Blockchain Over Ten Years – PwC

Oct 14, 2020

Olusegun Ogundeji

China's embrace of innovation as well as its own central bank issued digital currency, the Digital Currency Electronic Payment (DC/EP), will see the Asian giant reap a US$440 bln reward over the next decade with an estimated 11.4 million jobs enhanced, PwC economists have forecasted. ...

Xunlei’s Stocks Plummet As Former CEO Gets Charged With Fraud

Oct 10, 2020

Xunlei Limited, a Nasdaq-listed cloud computing, and blockchain company from China found itself in the midst of a massive controversy regarding its former chief executive officer. In an announcement published on its official website, the company said that Chen Lei, its former CEO, was unde...