Cryptocurrency Analysis and News Portal
WeChat, China's largest messaging app and one of the country's most popular payment services, will start supporting the Chinese government's digital currency.On Jan. 6, 2021, Tencent announced that it will begin accepting digital yuan payments via its proprietary mobile wallet WeChat Pay, according to a local news report. China has
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. In this 30th edition of the Shanghai Man column, we preview the Wanxiang Shanghai Blockchain Week, an offline event
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Organizers of various crypto communities on WeChat are shutting down their private groups following the latest crackdown from China’s central bank, according to screenshots obtained and authenticated by CoinDesk.Among these groups are crypto exchange giant FTX, which until recently was based in Hong Kong; proof-of-stake blockchain network Tezos; and derivative
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China’s internet giant Tencent launched a blockchain-based digital IOU service on its flagship product WeChat, one of the nation’s most popular apps for messaging and payments. Fast facts Aside from Wechat’s existing “mini receipt” and “mini contract,” Tencent says its new IOU function would allow friends to borrow money more easily from
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With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps. The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the White House's earlier efforts to cut off the U.S. market
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The world’s largest diamond mining firm, Russia’s Alrosa, has partnered with Tencent, the operator of Chinese social media app WeChat, on a new blockchain-based e-commerce project.Together with blockchain platform Everledger, Tencent and Alrosa will launch a new diamond-focused retail mini-program targeted at WeChat’s one billion active users, according to
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Photo: CoinspeakerRecently, Binance has announced that they will add two more fiat-to-crypto gateways, hence WeChat and Alipay. With this move, citizens of China now will be able to purchase Bitcoin, with these two payment options. Changpeng Zhao, the CEO of Binance, confirmed this news on his Twitter account:YES https://t.co/dnHKQSLvS4—
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Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao (CZ) confirmed in a tweet on Oct. 9.Zhao was quick to clarify that, while it is accepting fiat through the aforementioned services, it is not
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China’s answer to Facebook’s Libra digital currency could help the central bank attract business away from Alipay and WeChat Pay.Speaking to mainstream media outlet the South China Morning Post (SCMP) on Aug. 19, Cindy Wang, an analyst at DBS Group Research, said Beijing could profit from the appeal of
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