Cryptocurrency Analysis and News Portal
China’s Ministry of Science and Technology has given the go-ahead to set up the National Blockchain Technology Innovation Centre in Beijing to run blockchain research and development, according to a local media report.See related article: China has seen blockchain’s future and it doesn’t include cryptocurrenciesFast factsThe center will be led
Read More
Apart from the Lunar New Year activities, the Chinese government has been taking steps to improve the use of its CBDC. During the Lunar New Year season, the Chinese government distributed millions of dollars worth of its central bank digital currency (CBDC). The Lunar New Year, also the Chinese New Year
Read More
Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup.According to a Feb. 6 report in the Global Times, an English-language outlet of the state-ran People’s Daily newspaper, around
Read More
The company is planning to capitalize on its most active market, the United States.American multinational chain of coffeehouses and roastery reserves, Starbucks Corporation (NASDAQ: SBUX) has released its fourth quarter 2022 performance report as revenue slightly misses analyst’s expectations The company said its revenue came in at $8.71 billion, a
Read More
Despite China’s great firewall, there are hundreds of thousands of people that reside in the country active on Western social media platforms like Facebook, Instagram, and Twitter thanks to the wide availability of Virtual Private Network (VPN) services. Source
Read More
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has urged the U.S. government to ban cryptocurrencies like China has done. “A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the
Read More
Besides asking the People’s Bank of China to rescind its crypto ban decision, Huang also shared his insights on what the apex financial regulator needs to do to boost the relevance of the digital yuan.Close to two years into the nationwide ban on crypto-related transactions, a former executive of the
Read More
The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions.Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should
Read More
Morgan Stanley CEO James Gorman says two changes have happened recently that “really matter” to the economy. The executive explained that inflation has clearly peaked and China has made a “major, major pivot” economically. Morgan Stanley’s CEO on U.S. Economy and Inflation The chairman and CEO of global investment bank Morgan Stanley,
Read More
Before the relaunch of user registration, existing users of the Didi app used it as long as they had it on their phones.After an 18-month suspension in China, Didi finally got approval to relaunch its app on Monday, 16th January 2023. The Chinese authorities authorized the country’s app stores to
Read More