Chinese trade associations sound crypto investment warning
Three associations outlined four issues related to crypto investment beginning with a call for its members to understand the nature of virtual currencies. Go to Source Powered by WPeMatico
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Shanghai Man: Aping out of gorilla token, digital dollar Biden its time… and more
An up and down week filled with high volumes for animal tokens and a flurry of digital yuan news, capped by a large fundraising round for Babel Finance. Go to Source Powered by WPeMatico
Hong Kong to expand pilots for cross-border use of digital yuan
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. Go to Source Powered by WPeMatico
Urban Tea Now Accepts Cryptocurrencies Including Dogecoin
A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies. Chinese Tea Stores and Restaurants to Accept Crypto The publicly traded tea company runs … Read more
The challenges with designing a CBDC, explained
Central bank digital currencies face a tricky trilemma when it comes to ensuring they are well designed. What’s the answer? Go to Source Powered by WPeMatico
Palantir to Accept Bitcoin for Services, Considers Keeping BTC on Its Balance Sheet
Palantir Technologies, the Peter Thiel-backed, American software company specializing in big data analytics, announced Tuesday that company plans to accept bitcoin for services. Further, like a variety of corporate entities that are accepting and holding bitcoin, Palantir is considering keeping the asset on its balance sheet. Palantir Enters the Crypto Economy On Tuesday, Palantir Technologies … Read more
Chia network not so green? CPU mining reportedly destroys SSD in weeks
If you want to save the world, it’s going to take a lot of hard drives. Go to Source Powered by WPeMatico
Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’
A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining Industry in North America Is Booming For years … Read more
Alipay set to allow users test China’s digital yuan
China’s e-payment giant will allow some users to link their accounts to the country’s digital yuan app. Go to Source Powered by WPeMatico
China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments … Read more