Cryptocurrency Analysis and News Portal
Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by authority to assist with an investigation for 15 days and it has no idea when he may return.“Affected by the ongoing national crackdown on fraudulent sim cards and bank accounts, the bank account
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Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency. Source
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Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-ASEAN Expo on Friday. Source
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Chinese government-backed blockchain initiative, the Blockchain Service Network, or BSN, is introducing support for another batch of major blockchain protocols. On Nov. 26, it announced that it will integrate Polkadot, Oasis and Bityaun into its ecosystem on Nov. 30.Polkadot's blockchain protocol is designed to connect multiple specialized blockchains into one unified
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When it comes to the energy- and capital-intensive process of mining cryptocurrency, people tend to think of China, where about 65% of global hash power is located.But like many other closely observed metrics in crypto, American hashrate is a number that seems to be on the cusp of significant increase. Crypto
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U.S. intelligence chief John Ratcliffe was reportedly seeking clearer regulation around digital currency. Source
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In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.” Source
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As Chinese authorities make it harder than ever to exchange cryptocurrency into fiat, miners may be forced to move to other jurisdictions, local sources say.On Monday, crypto industry blogger Colin Wu tweeted that miners in China have been struggling to pay for electricity after the authorities started cracking down on
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Ant Group’s suspended initial public offering (IPO) has shed further light on a possible motivation behind China’s digital yuan. The Chinese government appears to view the payments giant as a destabilizing force to China’s economy, and the digital yuan is a way to keep companies like this in check. Industry watchers
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Tens of millions of dollars have been reportedly raised to help Wuhan, a city in central China with 11 million people, to recover from its coronavirus outbreak earlier this year. However, charities in China are not widely trusted. Now, China’s digital payment and banking giants have been building blockchain-based platforms to
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