Hong Kong firm to offer insurance for Asian cryptocurrency holdings
Insurance and risk management for digital assets will increase investor confidence, said OneDegree. Go to Source Powered by WPeMatico
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Chinese retail giant JD accepts digital yuan payments for Singles Day
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021. Go to Source Powered by WPeMatico
PBoC governor says digital yuan to be more privacy-enhanced than payment apps
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage. Go to Source Powered by WPeMatico
Over 140 million people have digital yuan accounts, says PBoC head
China’s CBDC hit 62 billion yuan in total transactions processed, according to PBoC’s digital currency head. Go to Source Powered by WPeMatico
Paraguay Eyed as New Bitcoin Mining Destination
Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were … Read more
Huobi closes crypto derivatives as part of wind-down for Chinese traders
By shutting down derivatives trading on Huobi, the company takes one more step toward closing its operations in China. Go to Source Powered by WPeMatico
Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes … Read more
China’s state planning agency calls for public opinion on Bitcoin mining ban
The move could signal plans by Chinese authorities to amend its previous negative stance on Bitcoin and cryptocurrency mining activities. Go to Source Powered by WPeMatico
Chinese e-commerce giant JD.com drops NFT series on its own blockchain
JD.com implements its own blockchain to issue free NFTs to attendees of its annual JD Discovery conference. Go to Source Powered by WPeMatico
BTC price is up 50% since China ‘selflessly’ banned Bitcoin mining
No amount of “FUD” can keep Bitcoin down, and China has once again given bulls a boost with its bans. Go to Source Powered by WPeMatico