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Tag Archives: China

Maybe BIS Membership Slowed China’s Digital Currency Launch

Jan 22, 2020

Olusegun Ogundeji

Several European central banks have announced their coming together with the Bank for International Settlements (BIS) to create a group to share knowledge as they assess the potential use cases for a central bank digital currency (CBDC). The move by the Bank of Canada, the Bank of...

Does Chinese New Year Really Have An Impact on Bitcoin Price?

Jan 21, 2020

lylian Teng

Chinese New Year is just around the corner and the crypto market is once again debating its correlation with the prices of cryptocurrencies especially bitcoin. Chinese New Year or Lunar /Spring Festival is the most important holiday in the country and sees the country slow down. Most co...

Chinese Blockchain Startups Got $3.5 Billion in 2019

Jan 20, 2020

lylian Teng

There were 245 blockchain-related investment and financing events happening in China over the course of 2019, with a total of 24.4 billion yuan ($3.5 billion) invested, according to a recent report by Rhino Data, a local data-driven investment platform. Both the investment and financing deal...

Chinese Bitcoin Miners in Iran: To Leave or To Hang on

Jan 16, 2020

lylian Teng

As the U.S. and Iran step back from the brink of war, it comes as a temporary relief to bitcoin miners in the oil-rich country. The Middle Eastern country had previously attracted Chinese bitcoin miners heading there for its extremely affordable electric prices at $0.006 per kilowatt-hour...