Cryptocurrency Analysis and News Portal
Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis.The report states that over 44% of crypto transactions in East Asia are conducted with counter-parties within the region, making it
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China is set to expand its digital yuan testing to Beijing, Tianjin, and other acclaimed prosperous provinces in the country. No timeline has been set for this move.According to the Wall Street Journal report released on August 14, Asian economic and tech giant China will be extending its Proof of
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China's blockchain infrastructure BSN is set to provide global access to its services next month.The network’s reliance on U.S. cloud service providers makes it vulnerable to geopolitical risks.Rising tension between the U.S. and China over the last several months could increase such risks.China's developments in other technology areas have already
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Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Facebook CEO Mark Zuckerberg testified before the U.S. House Financial Services Committee on Libra. Zuckerberg and members of Congress had much to disagree on. One consensus that did emerge, however, was concern
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The China Securities Regulatory Commission, or CSRC, recently issued a letter approving five regional equity markets. They will include equity centers in Beijing, Shanghai, Jiangsu, Zhejiang and Shenzhen. These and other regions received authorization to begin experimenting with a blockchain pilot in early July.Blockchain and equity tradingAccording to Beijing Local
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The People's Bank of China has officially added Chengdu, the capital of China's Sichuan province, to the list of regions carrying out fintech innovation supervision pilots, according to local news on July 20.Industry insiders believe that Chengdu's official approval will further accelerate fintech innovation and actively help Chengdu build a
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Brad Garlinghouse, Ripple CEO, at the Parallel Summit on July 17 expressed his opinion about the digital currency industry. He stated that China is a leader of it and admitted that he is awed by China’s approach.The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, has said that China is
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Ethereum’s decentralized finance (DeFi) tokens have been all the rage over recent weeks, with some literally rallying parabolically. Take the example of Aave’s LEND, which has gained in excess of 184.8% in the past 30 days and 7,500% in the past year. Or take the example of Synthetix Network Token (SNX),
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Ripple CEO Brad Garlinghouse said he considers China ahead of the U.S. as both countries wade the regulatory waters of the burgeoning crypto space.As part of the Chamber of Digital Commerce’s Parallel Summit on July 17, Garlinghouse expressed admiration for China’s approach to the crypto space. “In some ways I’m
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Following a 6.8% decline in the Q1 GDP, China has recorded a growth in its economy in the second quarter. The country’s economy is recovering from coronavirus.After suffering losses in the first quarter (Q1) of 2020, China has revealed that its economy grew by 3.2% in the second quarter (Q2).
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