China’s digital yuan trials reportedly limited to small retail transactions
China’s central bank released a new statement to debunk some rumors. Go to Source Powered by WPeMatico
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China’s Blockchain Service Network to launch stablecoin support in 2021
China’s national blockchain project BSN could be the best fit for the digital yuan. Go to Source Powered by WPeMatico
Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400). Tavanir deputy head Mostafa Rajabi Mashhadi told Fars News Agency that the blitz … Read more
Digital Currency, Akoin and Blockchain Voting: Bad Crypto News of the Week
Check out this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico
Central Bank Digital Currencies and Their Role in the Financial System
What are CBDCs and the risks they possess, and how might they reshape our economies? Go to Source Powered by WPeMatico
Why the Rise of the CBDC Is Bad for Your Privacy
Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all but ready for primetime. Social Credit … Read more
Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus
Bitcoin’s macro bullish trend remains intact even after data show Chinese investors moved $50 billion in crypto to overseas addresses in the past 12 months. Go to Source Powered by WPeMatico
Tether Could Be Enabling Capital Flight From China, Says Chainalysis
The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Go to Source Powered by WPeMatico
Hunan’s Government Has Chosen a Company to Build New Blockchain Infrastructure for the Region
Local government in China endorsed a public Blockchain infrastructure project. Go to Source Powered by WPeMatico
China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report
The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s bitcoin mines “suffered a great impact” in H1. Tokeninsight published its “2020 Q2 Cryptocurrency Mining Industry Report” … Read more