State-owned Chinese bank rolls out ATMs for digital yuan
The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan. Go to Source Powered by WPeMatico
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China Launches Digital Yuan ‘Hard Wallet’ Card Pilot Program
The People’s Bank of China (PBoC) have green lighted a physical card-wallet pilot to test its digital yuan. Coffee shop staff in a Shanghai-based university hospital was chosen as participants in the pilot. Wallet Card Can Pay or Accept e-CNY Without Wi-Fi or a Mobile Connection According to Tencent News, staff members at Shanghai Jiao … Read more
Law Decoded: Insurrections, transitions, monitoring transactions and 2021, Jan. 1–8
After watching protestors scale the walls of the Capitol Building, the U.S. will likely not be in the mood for financial regulation in the next couple of weeks. Go to Source Powered by WPeMatico
Trump bans Chinese payment apps, including AliPay and WeChat Pay
The trade war with China homes in on the country’s thriving digital payments industry. Go to Source Powered by WPeMatico
Selected Shenzhen residents to get lottery ‘red envelopes’ with digital yuan
Winners of the city’s lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants. Go to Source Powered by WPeMatico
Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’
China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. This week a regional report from China and statements from the head of operations at Genesis Mining, … Read more
Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company
The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According to Chinese media outlets, citing local crypto journalist Colin Wu, … Read more
Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer
CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it. Go to Source Powered by WPeMatico
The pandemic year ends with a tokenized carbon cap-and-trade solution
Lowering CO2 emissions and lessening carbon-intensive approaches are the essential goals in global efforts to fight climate change. Go to Source Powered by WPeMatico
Core Scientific Buys Over 58,000 Bitmain S19 Antminers to Expand Its Hosting Fleet in North America
A major North American blockchain hosting provider announced its expansion by ordering over 58,000 additional S19 Series Antminers, as part of an agreement arranged with the Chinese mining hardware manufacturer. US Contract Miner Core Scientific Arranges Purchase of Over 58,000 Bitmain S19 Antminers According to the announcement, Bitmain’s deal expects to facilitate Core Scientific customers’ … Read more