Cryptocurrency Analysis and News Portal
Former Bank of China President, Li Lihui, has revealed the launch of the digital yuan is imminent, and that the currency can replace cash if four key conditions are met. The central bank digital yuan is currently in the test phrase and is generating excitement among Chinese internet users. Searches on
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Bank of China launched its first fintech innovation regulatory pilot project in Beijing last year. The bank announced plans to expand its regulatory pilot projects in six more cities and districts on April 27.The bank plans to conduct pilot projects in Shanghai, Chongqing, Shenzhen, Hebei Xiong'an New District, Hangzhou and
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This coming weekend on April 26-27, China is set to release a new national Blockchain-based Service Network (BSN) to bring relief to the existing problem of
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The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the bank responded with an official explanation of the proposed digital Yuan and how it would work. A bank representative confirmed on the China Central Television on April 19 that the new digital currency
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Bitcoin (BTC) was fighting to keep $7,000 support on April 17 as China saw a historical GDP contraction and oil sank to prices last seen in 1987.Cryptocurrency market daily overview. Source: Coin360BTC price uncertain at $7,000Data from Coin360 and Cointelegraph Markets showed BTC/USD repeatedly testing the $7,000 mark as
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A screenshot of China’s sovereign digital currency has emerged online, offering a rare look into the development of Beijing’s digital yuanTesting of the currency’s mobile app has reportedly been done over several months at China’s state-owned banks, although there is no official timetable for launchA screenshot of the user interface
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The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call involved the institution’s continued research and development of a central bank digital currency, or CBDC.CBDC development is one of the bank’s top priorities The meeting summarized the
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The first case of COVID-19 was diagnosed by Chinese doctors in November 2019. Rather than being shared with the global community, news of the viral outbreak was censored by the Chinese government. Since that time, more than 66,500 lives have been lost globally. Though the pandemic has brought tremendous uncertainty
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This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12.Cryptocurrency market
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Binance Academy, the educational arm of leading crypto exchange Binance, announced the establishment of a blockchain research institute in Shanghai on March 30.The Lingang Blockchain Technology and Industry Research Institute is intended to operate as a think-tank and talent hub for distributed ledger technology (DLT) innovation in China.Binance to
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