China is gradually losing its grip as the dominant hashrate custodian for Bitcoin as new miners have started setting up rigs in other parts of the world. Some of the originally resident miners in China are also relocating. Right from the early days, most of the network effect that sustai...
China’s digital yuan project has ticked yet another box as e-commerce giant JD.com recently implemented it as a payment vehicle to pay salaries of some of its employees. The platform also revealed that it used the digital yvan to make payment for some other businesses. This will go down a...
For the better part of the last year, China has been putting most of its efforts into developing and testing its upcoming digital yuan. After banning the use of cryptocurrencies as a means of payment years back, the country has spent very little time discussing cryptocurrencies aside from an occa...
All is set for the next step in China’s move towards the creation of a Central Bank Digital Currency (CBDC). This time around, a test of the developing product will be carried out in the country’s province of Hainan. The exercise is expected to kick- off on April 12, 2021, and run un...
Based on a Bitcoin blockchain carbon emission model (BBCE), a new study has put a timeline to when the profit of Bitcoin miners - majority of which are predominant in China - would likely drop to zero. The authors of the paper which has been published in the broad open-access journal, ...
The rise in popularity non-fungible tokens (NFTs) have seen in the past few months has been unprecedented in the crypto industry. Believed by many to be the future of collectibles and digital identity, the novel token format has taken up the industry by storm, setting records on every corner. ...
The initial pilot for the digital yuan cross-border implementation between China and Hong Kong has been completed. The technical tests on the project were confirmed by the director of the People’s Bank of China (PBoC) research bureau, Wang Xin. During a press conference on April 1...
To avoid intolerization, China has proposed some key cross-cutting values in making cross border payment arrangements with digital fiat currency or central bank digital currency (CBDC) possible. The CBDC or digital fiat currency, as supplied by a central bank, should support the health...
Famous American social media influencer in China, Bart Baker, in collaboration with DeFine Art is set to release multiple non-fungible tokens, NFTs. According to him, this will be the first video on NFT, and will enable a meaningful traction for NFTs in Asia. Baker is one of t...
While the success China’s digital yuan project has seen so far has been tremendous, the country’s efforts to launch a national digital currency have frequently encountered roadblocks. One of the biggest and most persistent roadblocks the project has faced were the privacy concerns regarding the...
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