China-UK sees opportunity in innovation-driven development and to open a new chapter in several technology areas including blockchain, the Chinese Ambassador to the UK has said on Tuesday night at the "Icebreaker" Chinese New Year Dinner 2020 in London. Liu Xiaoming said at the e...
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...
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...
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...
The Blockchain Trade Finance Platform, spearheaded by the Digital Currency Research Lab of the People’s Bank of China (PBoC), has recently been approved as a key special project of the National Key Research And Development Program with grants of 32.35 million yuan. Accordin...
A leading Chinese charity has run into a storm of criticism after it said it raised 1 million yuan for a young woman hospitalized due to severe malnutrition, but only transferred 20,000 yuan to the hospital before she died several days ago. The case has incited widespread fury both domesticall...
Interest in stablecoins started to gain momentum in 2019. Market insiders have now been overly convinced that the growth of this form of digital currency, which seems to have been shot to limelight by Facebook's proposal of its Libra project, will be bigger in 2020 going by developing trends. ...
Members of the group that acts as a common voice for the various business sectors of the European Union and European businesses operating in China are not happy. They have called for China's emerging ‘Digital Silk Road’ (or DSR) to “be much more open to input from all stakeholders”...
Exchanges have always been a popular off-ramp for illicit cryptocurrency, in 2019, $2.8 billion in bitcoin have been moved from criminal entities to exchanges, of which over 52% have gone to the top two crypto exchanges Binance and Huobi, a latest Chainalysis report found. According to the b...
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...
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