Chinese Province to Use Quarkchain for Construction Resource Management
Blockchain firm Quarkchain announced a partnership with the ecological department of Northeastern Chinese province Shanxi. Go to Source Powered by WPeMatico
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Chinese Steelmaker Settles $16 Million Iron Ore Deal on Blockchain
A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd. Go to Source Powered by WPeMatico
Ride-Hailing Giant DiDi Joins China’s Digital Yuan Project
The world’s second-highest-valued unicorn startup has partnered with the Chinese central bank to work on the forthcoming digital yuan. Go to Source Powered by WPeMatico
Former Official Says China Needs to Reform Crypto Laws
A Chinese official indicated that crypto will inevitably be part of the digital capital market. Go to Source Powered by WPeMatico
Global Compatibility Is A Key Factor In The CBDC Race, Says Expert
CBDCs will have to be internationally interoperable to become globally adopted, says a Hong Kong University expert. Go to Source Powered by WPeMatico
Chainlink Rises 15% Amid China’s Blockchain Network Launch
LINK token experienced a massive price surge as China’s national blockchain network activated 135 nodes with integrated Chainlink price oracles. Go to Source Powered by WPeMatico
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid unprecedented economic contraction. China’s Efforts to Prevent Bank Runs … Read more
Bitmain Pulls Schrödinger’s Act as Power Struggle Reaches New Heights
Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details. Go to Source Powered by WPeMatico
Expert: Digital Yuan Will Have a Hard Time Displacing Tether in Asia
China’s CBDC wants to displace the US dollar, but Genesis Block’s Charles Yang believes it doesn’t offer a compelling alternative to USDT. Go to Source Powered by WPeMatico
Chinese Courts Use Blockchain for Property E-Sealing
Courts in China are rolling out blockchain-based electronic seals to protect property from being disturbed or damaged. Go to Source Powered by WPeMatico