China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card
The new card will support crypto payments using Paycoin at over 30 million UnionPay merchants. Go to Source Powered by WPeMatico
China
Auto Added by WPeMatico
China’s digital yuan is ‘a long way’ from beating USD says financial firm exec
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon. Go to Source Powered by WPeMatico
Bitcoin slides 3% as Hong Kong seeks to end ‘honeymoon’ with crypto exchanges
The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong. Go to Source Powered by WPeMatico
China’s digital yuan pilots have processed $300M so far, says PBoC head
China’s digital yuan pilot program is picking up speed. Go to Source Powered by WPeMatico
The company that coined the term ‘hash rate’ is not concerned about its recent decline
Bitcoin’s hash rate is down on the year, though the price remains largely unaffected. Go to Source Powered by WPeMatico
New Huawei smartphone will feature a hardware wallet for digital yuan
The Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity. Go to Source Powered by WPeMatico
Chinese city seeks to power urban governance and more using blockchain tech
30 new blockchain adoption applications will be considered as part of the city’s two-year plan. Go to Source Powered by WPeMatico
Will they or won’t they? Central banks eye each other’s digital currency moves
Canada’s central bank recognizes that CBDCs are a necessarily international issue. Go to Source Powered by WPeMatico
Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions
The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as the network’s security is currently hovering around 100 EH/s. However, the mempool log of unconfirmed transactions has spiked … Read more
Digital yuan will combat US ‘dollarization’ says former PBoC governor
“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan. Go to Source Powered by WPeMatico