Mining 07/07/21 18:06 by Eduardo Próspero

China Banned Bitcoin Mining. What Happens To Small Hydropower Stations Now?

This China Business News report about hydropower stations will blow your mind. It contains revelation after revelation and clears the situation up. Now that Bitcoin mining is prohibited, who’s c...
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Other 18/06/21 17:06 by Bernice Nyambura

China’s State-Owned ICBC Bank To Offer Digital Yuan’s Cash Withdrawals In Beijing

Chinese citizens can now convert the Digital Yuan into Cash through the Industrial and Commercial Bank of China (ICBC), which has become the first bank in China to allow such transactions. The sta...
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Altcoins 31/05/21 20:22 by Reynaldo Marquez

How Ethereum Could Power A CBDC, According To A Chinese Goverment Official

Yao Qian, a member of The China Securities Regulatory Commission, presented a case where a possible Digital U.S. dollar and the Digital Yuan run on top of Ethereum’s network. The government offi...
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Other 02/05/21 22:50 by Reynaldo Marquez

China’s Central Bank To Work With Alibaba’s Ant On Digital Yuan

Per a report by VOA News, Alibaba Group’s affiliate Ant Group has signed a partnership with the People’s Bank of China. The partners will work to build a platform for the country’s c...
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Bitcoin 19/04/21 12:44 by Steven Msoh

China Changes Stance On Bitcoin, Now Sees It As ‘Investment Alternative’

After four years of banning the issuance and trading of cryptocurrencies, the People’s Bank of China seems to be changing its stance. This follows comments made by the deputy governor of the Centra...
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Other 13/04/21 18:00 by Samuel Wan

Fed Chair Says Still “Working on” Digital Dollar as China Pulls Ahead

Fed Chair Jerome Powell said the U.S. central bank is currently running technical experiments on how a digital dollar would work. “There are many subtle and difficult policy choices and design c...
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Other 13/04/21 16:39 by Haider Jamal

U.S. Struggles To Keep Up As China Further Develops Its CBDC

The new U.S administration, led by President Joe Biden, is keeping a close watch on trends in China surrounding a possible digitized version of its national ‘Yuan’ currency. The Biden administrat...
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Bitcoin 09/04/21 23:00 by Reynaldo Marquez

Why Bitcoin could favor USD dominance over Digital Yuan

Contrary to what many in the crypto space are discussing, Senior Commodity Strategist for Bloomberg, Mike McGlone, has made the case for Bitcoin being beneficial for the U.S. dollar over China’s...
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Bitcoin 08/04/21 15:40 by Brenda Ngari

Why PayPal Co-Founder Peter Thiel Believes China Could Be Weaponizing Bitcoin Against The U.S.

It’s no secret that the major nemesis of the United States, China, has been experimenting with crypto technology as it looks to render its economy free of the U.S sanctions and the USD’s hegemony...
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Bitcoin 07/04/21 14:40 by Yashu Gola

Rich Dad Poor Dad’s Kiyosaki is Buying More Bitcoin Today, But Why?

People usually buy Bitcoin in hopes that they would be able to sell it to others for higher profits. But for a celebrated financial expert like Robert Kiyosaki, Bitcoin is an opportunity to break away...
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Bitcoin 04/04/21 12:54 by Olivia Brooke

China’s Central Bank Admits Surging Price Of Bitcoin Has Boosted Interest In Digital Yuan

China’s Central Bank seems to have noticed a spike in the interest rate of residents towards the country’s Digital Yuan. The project is expected to help China join in the digital race ...
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Other 16/12/20 16:00 by John Caroline

Digital Yuan Still in Trial: China Airdrops Another $3 Million Worth of Its DCEP to 10,000 Suzhuo Residents

China’s digital Yuan has been facing a series of trials since its launch. The country has been making several attempts to gain a foothold for its digital currency. Still, in the test phase, ...
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Other 02/11/20 23:08 by Brenda Ngari

China’s Central Bank Has Transacted $300 Million In Digital Yuan So Far

The People’s Bank of China (PBoC) has processed over 4 million separate transactions —  worth more than 2 billion yuan ($299.07 million) as part of the pilot tests for its central bank digit...
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Crypto 24/10/20 17:23 by Bernice Nyambura

There Won’t Be Any Stablecoin For The Digital Yuan If PBoC Implements Revised Banking Law

China’s Central Bank, the People’s Bank of China (PBoC) is looking to revise the current banking law to legalize the Digital Yuan and prohibit the development of any tokens pegged to the digital ...
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Other 12/10/20 14:34 by Samuel Wan

Digital Yuan Trial Goes Live But Fears Over Dystopian Future Grow Louder

After years of rumors and leaks on Chinese social media, Shenzhen residents became the first in the country to trial the digital yuan. Distribution of funds took place via a lottery-style promotion wi...
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Altcoins 24/08/20 21:35 by Bernice Nyambura

The U.S. Can’t Afford to Lose The Crypto Cold War to China, Says Ripple Founder Chris Larsen

Co-founder and Executive Chairman of Ripple blockchain payments network Chris Larsen is calling on the US to collaborate with blockchain and cryptocurrency developers or risk losing the global financ...
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Other 15/08/20 00:23 by Bernice Nyambura

China to Start Testing its Digital Yuan in Beijing and Other Major Cities

China’s digital currency program is set to expand to its capital Beijing and other major cities including Tianjin, Hebei, Guangdong, Yangtze River Delta as well as Hong Kong- Macau Greater Bay Area...
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Other 08/07/20 22:16 by Brenda Ngari

Ride-Hailing Startup With Over 550M Users To Conduct First Real-World Test Of China’s Digital Yuan

China’s inbound central bank digital currency will see its very first real-world test on DiDi, the ride-hailing behemoth that deemed as the Chinese version of Uber. DiDi will trial digital yuan as ...
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Bitcoin 07/07/20 02:00 by Tony Spilotro

US Senator: Digital Dollar Must Beat Bitcoin, Digital Yuan

During a hearing on the potential introduction of a digital dollar, Senator Tom Cotton claimed whatever the United States comes up with, it has to “be better than Bitcoin.” He also asserts it must...
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Bitcoin 04/06/20 19:00 by Tony Spilotro

Surprising Positive Earnings Growth in Asia May Spark New Appetite For Bitcoin

UBS analysts expect Asia to be the only region that sees positive growth this year, and the return to strong earnings in the region could spark a renewed appetite for risk, and potentially, Bitcoin. U...
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Bitcoin 01/06/20 13:00 by Yashu Gola

Goldman’s Eerie Yuan Crash Prediction Bolsters Bitcoin Bullish Outlook in June

Bitcoin eyes market growth heading into June as yuan falls to its lowest levels in eight months. Both assets have shown an erratic negative correlation in the past. Goldman Sachs sees yuan falling to ...
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Bitcoin 31/05/20 01:09 by Nick Chong

$10 Million Burned on BitMEX Shorts as Bitcoin Surges to $9,700

Just hours after Ethereum rocketed higher, so too has Bitcoin. The leading cryptocurrency recently reached $9,750, the highest price BTC has traded at in over a week. $9,750 is just over 13% higher th...
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Bitcoin 30/05/20 06:00 by Nick Chong

Crypto Tidbits: Bitcoin Nears $10k, Goldman Sachs Talks Cryptocurrency, Chinese Yuan Slumps

Another week, another round of Crypto Tidbits. It’s been a positive past week for the Bitcoin market. After falling as low as $8,600, the flagship crypto mounted a strong comeback over the past...
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Bitcoin 30/05/20 02:00 by Nick Chong

This Eerily Accurate Fractal Predicts Bitcoin Will Rocket to $20,000 in 2020

While Bitcoin is up 5% over the past two days, the crypto-asset market remains in consolidation. After hitting $10,100 in late April, the cryptocurrency has stagnated under that key level. It has sinc...
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Bitcoin 29/05/20 17:26 by John Kiguru

U.S.-China Tensions Escalate: Is A Bitcoin Boost On The Horizon?

Since last year, there have been ongoing demonstrations in Hong Kong. The citizens are resisting a new security law introduced by the Chinese government. The law, while disguised as a measure to comb...
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Bitcoin 28/05/20 12:00 by Nick Chong

Crucial Fundamental Data Shows Bitcoin Will Break Out of $10,500 Resistance

It’s been a tough past few days for Bitcoin. In spite of the recent rally off the $8,600 lows that has brought BTC to $9,300, the market remains depressed. BTC is trading just under 10% shy of t...
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Bitcoin 28/05/20 03:00 by Nick Chong

4 Reasons Why the Bitcoin Price Is Prepared to Explode Towards $10,000

After holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning. It was a small move in percentage terms but still notable in terms of its technical significance. ...
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Altcoins 27/05/20 23:10 by Nick Chong

Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally

It’s been a quiet past few days for Ethereum and the rest of the crypto market. After last week’s correction, prices have settled. ETH is trading about 10% lower than its May highs, which ...
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Bitcoin 27/05/20 12:00 by Nick Chong

Three Crucial Reasons Why Bitcoin Is Ready to See a Sharp Rally After 15% Drop

Bitcoin has been subject to troubling price action over the past week. Since the May highs of $10,000 established in the wake of the halving, the cryptocurrency has been in a clear downtrend, with BTC...
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Other 26/05/20 18:19 by Tolu

‘There Is No Timetable For Launch of Digital Yuan’, Says Governor of China’s Central Bank

The governor of the People’s Bank of China (PBOC) Yi Gang, has put a damper in the general idea that China will launch its national digital currency soon. According to Gang, there is currently no p...
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