A Chinese Blockchain Service Network comprising of local banks, groups, corporations, and technology companies will be launched sometime in April. Backed by the government itself, the BSN platform will surely […]
Over-leveraged miners who recently took loans for operating cash from crypto exchanges were among the casualties of last week’s crash.
PBOC wants to distinguish its own digital currency from rival private initiatives.
Token burning is creating an arms race among Asian exchanges.
Thirty-eight banks have started using the platform since it entered the test phase in September 2018.
According to a published paper by the Digital Currency Research Institute, China Blockchain industry does not plan to use blockchain for traditional payments. Instead, blockchain’s use in the country will focus on settlements, trade, financing, and the property market. In the long run, China plans to roll out its digital currency. There has been consistent media hullabaloo concerning the adoption of China blockchain as state policy as the emerging power finds blockchain technology as cutting edge in today’s fast-paced globalization. In as much as China reinstated its commitment to the use of blockchain, uncertainties always hovered over how far that
Chinese nationals indicted for laundering cryptocurrency for Lazarus Group – SiliconANGLE
Crypto mining operations in China are finally feeling the heat from the much-dreaded Coronavirus outbreak as authorities continue to struggle to put a brake on
Chinese Crypto – DCEP Some reports said that China would launch its Digital Currency/Electronic Payments (DCEP) in the month of November. A large domestic finance magazine named Caijing claimed that it would be released at the end of the year 2019 in Shenzhen. But these predictions have proven wrong. The head of the Chinese central …
Coronavirus impact across markets hits China with an 8.2% decrease in its SSE Composite Index on Monday, the biggest fall in five years. The virus has infected
China’s central bank said it will inject 1.2 trillion yuan ($174 billion) worth of liquidity into the markets via reverse repo operations on Monday as its stock markets prepare to reopen amid an outbreak of a new coronavirus. Chinese authorities have pledged to use various monetary policy tools
MicroBT and Canaan have notified customers they would be delaying ASIC deliveries due to the Chinese government’s quarantine of Wuhan following the coronavirus outbreak.