Cryptocurrency Analysis and News Portal
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the
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According to a report published by local news outlet Sina News on Dec 28, China will launch its first regulated platform for nonfungible tokens (NFT) trading on Jan 1, 2023. The entity, which acts as a secondary market for the exchange of NFTs, was created by the state-owned Chinese Technology
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China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users.The new feature was released over the weekend, around one month ahead of the Chinese New Year
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Baidu rolled out its full-driverless robotaxis ride at about the same rate as the other ride-hailing services in August.Chinese multinational technology Baidu has expanded its ride-hailing platform Apollo Go to include a driverless taxi service in Wuhan to operate at night. Before now, the autonomous vehicle startup was designed to
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The Chinese smartphone giant started to let go of some of its staff due to lower sales amid the lockdowns in China.While many companies are gradually rebounding from the adverse effects of the coronavirus pandemic, others like China Xiaomi are still battling with the COVID impact as it plans to
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China’s COVID-19 protests cemented as NFTsNonfungible tokens (NFTs) depicting the ongoing protests in China against the country’s tough zero-tolerance COVID-19 policy have found their way to the NFT marketplace OpenSea.At least two collections have been created in November, the first is a Polygon (MATIC)-based collection called “Silent Speech” featuring 135
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China’s state blockchain infrastructure Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) has signed an agreement with Malaysian digital service provider MY E.G. Services Berhad (MyEG) to own and operate an “international supernode,” as China continues its international blockchain push.See related article: Blockchain without cryptocurrencies: How might China’s BSN change Web3?Fast
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He explained that is accomplished via the fact that "transaction-related data is encrypted for storage," "entities and individuals are prohibited from arbitrary inquiry or information usage without rigorous legal authorization" and that China's central bank keeps "small-amount soft wallets and hard wallets to meet the need for small-value anonymous transactions,
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The U.S. Department of Justice is alleging that two Chinese intelligence officers tried to bribe an undercover FBI agent with bitcoin for information about the U.S. government’s investigations into technology giant Huawei. Source
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The 100 billion yuan figure is also dwarfed by the volumes recorded by the country's top payment providers such as Tencent's WeChat Pay and Ant Group's Alipay. The latter, for example, processed payments worth 118 trillion yuan ($16.4 trillion) in the 12 months ending in June 2021, according to the
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