China’s crypto landscape: How CBDCs drove blockchain adoption in 2020
As a developing tech power, China is one of the fastest countries in adopting blockchain technology. Go to Source Powered by WPeMatico
China
Auto Added by WPeMatico
Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to an analysis of bitcoin trading platform Paxful’s database shared with news.Bitcoin.com, Nigeria … Read more
Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold
Chinese state-operated media outlets keep adding cryptocurrencies — specifically bitcoin — on their reporting agenda. Lately, they have been replicating bitcoin predictions that are surprising in some way to the crypto community due to the number of mentions on the matter since several months. China’s CCTV: Bitcoin’s Bull Market Could Outshine Gold This time, CCTV, … Read more
China has no plan to replace USD with digital yuan, former PBoC head says
A former PBoC official says that his country has taken a cautious approach with the digital yuan. Go to Source Powered by WPeMatico
Chinese residents make 20K transactions in digital yuan trial event
The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents. Go to Source Powered by WPeMatico
Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). Crypto Exchange Founder Taken Into Custody by Chinese Police Amid Nationwide Crackdown According to an announcement published by CEO Global, … Read more
German Bank to Launch Bitcoin Investment Fund in January
German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called … Read more
Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply
While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months. Moreover, because … Read more
China’s central bank plans digital yuan pilot for payments to Hong Kong
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong. Go to Source Powered by WPeMatico
China Construction Bank’s blockchain bond efforts take a new direction
After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond. Go to Source Powered by WPeMatico