Cryptocurrency Analysis and News Portal
Per a report by VOA News, Alibaba Group’s affiliate Ant Group has signed a partnership with the People’s Bank of China. The partners will work to build a platform for the country’s central bank digital currency (CBDC). VOA quotes the Chinese state media Global Times. The Digital Yuan, also know as
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China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular. Beijing sent an “emergency notice” to conduct checks on data centres involved in Bitcoin and other cryptocurrency mining operations on April 27, which
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While the exact dates for the pre-sale are not yet confirmed, the anticipation around the Chia coin project suggests it will be one of the biggest crypto fundraising events of the year.Ahead of the anticipated Chia coin project’s pre-sale, small exchanges in China are reportedly backing the fundraising while the
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Blockchain and fintech groups in five ASEAN countries and Australia sign a memo to advance blockchain innovation together. The consortium hopes to engage regional regulators as blockchain draws more attention from institutions. Paypal announces plans to launch a new domestic wallet in China, with a focus on cross-border payments. It
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For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia, per a report by Colin Wu. Bo said Bitcoin and
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The share price of Chinese Bitcoin (BTC) mining company Ebang continues to fall, while the firm refutes claims made in a Hindenburg Research report which alleged it was pilfering American investors’ cash.The Hindenburg Research report, published April 6, described Ebang as “simply the latest chapter in the ‘China Hustle’ disguised
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PayPal co-founder and venture capitalist, Peter Thiel, has warned that the Chinese central government may be supporting Bitcoin as a means to undermine the foreign and monetary policy of the United States.But, he added, it has tried to use the Euro the same way.Speaking at a virtual event hosted by
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For the first time, the words blockchain and digital currency have been officially written into China’s blueprint for the next half decade. The National People’s Congress published the 14th five-year plan — a guiding document for the country’s future social development and economic growth — after the curtain dropped this
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Bart Baker, arguably the most famous American social media influencer in China, is releasing a series of nonfungible tokens, or NFTs, in collaboration with DeFine Art.Baker, who has around 24 million followers across multiple Chinese social media platforms, will auction eight unique NFTs as part of the collaboration. One of
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In recent times, Chinese authorities have upped their game and are beginning to pay more attention to the activities of internet companies in the country.Reports have emerged that authorities in China have fined 12 companies within its jurisdiction for carrying out activities that violate the anti-monopoly laws of the Asian
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