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
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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
Alibaba’s Jack Ma praises the disruptive nature of digital currencies
The current conservative international financial system doesn’t suit young people or young economies, says Ma. Go to Source Powered by WPeMatico
Central bank digital currencies have the power to upend global finance
Central bank digital currencies will fundamentally change our conceptions of money and its uses. Go to Source Powered by WPeMatico
Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff
Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts. Go to Source Powered by WPeMatico
Digital yuan will work with WeChat and Alipay, says bank exec
Details regarding the digital yuan’s characteristics are taking shape. Go to Source Powered by WPeMatico
China’s central bank lays regulatory foundation for CBDC
The new draft law legitimizes digital yuan and may criminalize the issuance of yuan-backed stablecoins by third parties Go to Source Powered by WPeMatico
Blockchain is still far from maturity, says China’s former IT minister
He doesn’t seem to think China is that far ahead of the USA when it comes to blockchain development — at least for now. Go to Source Powered by WPeMatico