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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 is having a Schrödinger moment as official accounts make contradictory statements on payment details. Go to Source Powered by WPeMatico
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
Courts in China are rolling out blockchain-based electronic seals to protect property from being disturbed or damaged. Go to Source Powered by WPeMatico
With its forthcoming digital yuan, China will aim to rival the U.S. dollar, not Bitcoin, say experts. Go to Source Powered by WPeMatico
A turbulent mixture of macro, coupled with expectations of a big move in Bitcoin, could spell an interesting week for traders and holders alike. Go to Source Powered by WPeMatico
The Binance China Blockchain Institute has partnered with a state-level enterprise to jointly develop new digital infrastructure for small and medium enterprises in the country. Go to Source Powered by WPeMatico
Chinese economist says signs have shown 2020 is an important year for integrating blockchain within all industries. Go to Source Powered by WPeMatico
Zhao Dong was taken in custody by the police with no official statement as to his detention. Go to Source Powered by WPeMatico
Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC. Go to Source Powered by WPeMatico