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Tag Archives: crypto

China Encourages Citizens To Embrace Blockchain But Ignore Crypto

Dec 3, 2020

In an article that was recently published on the Chinese state media Xinhuanet, citizens of the country and other inhabitants have been discouraged from taking part in cryptocurrency activities. Emphasis on this advice was pegged on the current surge that Bitcoin price is experiencing, since it...

China Crypto Roundup (Nov 23- Nov 30): Chinese City Suzhou to roll CBDC Testing, China Construction Bank Withdrew Proposed $3bn Blockchain Bond, Over $4.2bn Seized in PlusToken Crackdown

Nov 30, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week include: China’s city of Suzhou reportedly set to roll out “red packets” trial for digital yuan, court documents show over $4.2bn seized in PlusToken crackdown.…… Chinese city Suzhou to roll CBDC testing S...

Why China Is Leading The Race In The CBDC Market

Nov 18, 2020

The idea of Central Bank Digital Currencies (CBDCs) has split the blockchain and digital assets industry into two distinct sections. While one group believes that this idea might encourage adoption of the novel technology into the mainstream, the other suspects that it is simply a method o...

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...

Chinese Team to Fork Filecoin

Sep 18, 2020

Vincent He

On the afternoon of Sep 18, Han Weiping, chairman of MIX group, said that they would fork Filecoin. A number of miner manufacturers confirmed that there will be a number of subsequent teams will announce fork. Du Jun, the founder of Node Capital, a heavy supporter of Filecoin, said he ...

China Crypto Roundup (Aug 24- Aug 31): China Opened CBDC Wallet Registration, Blockchain Being A Keyword of AntGroup’s Prospectus, China’s Inner Mongolia Tightens Policy on Crypto Mining

Aug 31, 2020

Vincent He

In this past week, China’s CBDC was seen a step closer to real use case as China Construction Bank opened digital yuan wallet registration in last Saturday, blockchain being a keyword of Alibaba's AntGroup prospectus, regulators in China’s Inner Mongolia stop preferential electrici...