Chinese Communist Party warn of NFT hype bubble
The local news publication, acting as the party’s spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops. Go to Source Powered by WPeMatico
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Hong Kong securities official proposes stricter oversight of crypto trading
Investing in Bitcoin and other cryptocurrencies could become more restrictive for residents of Hong Kong as local regulators look to clamp down on the asset class for various reasons. Go to Source Powered by WPeMatico
Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities
A meetup in a vehicle warehouse in Houston served as an encounter point for oil producers and bitcoin miners to talk about possible on-site crypto mining opportunities last week. More than 200 investors attended the meeting to talk about an alliance, that would allow oil producers to make more efficient management of their resources and … Read more
Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With … Read more
VeChain Thor mainnet reaches 10 million blocks milestone with no downtime
Supply chain management platform hits blockchain milestone as major consensus upgrade nears. Go to Source Powered by WPeMatico
Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction … Read more
China’s new blockchain infrastructure to digitize securities and futures
Chinese regulators held a meeting in Beijing to promote blockchain development, as first mentioned in China’s 14th five-year plan. Go to Source Powered by WPeMatico
Chinese Regulator Aims to Digitize Securities Market Using Blockchain and Smart Contracts
China’s Securities Regulatory Commission (CSRC) will promote a national alliance chain to introduce smart contracts and blockchain-based services to digitize the securities and futures market. The announcement was made at the China Securities Industry Alliance Chain and OTC Alliance Chain Special Work Symposium in Beijing. Jiang Dongxing, deputy director of the Science and Technology Regulatory … Read more
Genesis Digital Assets Acquires 20,000 Bitcoin Mining Rigs From Canaan, Company Has Option to Buy 180K More
The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for a large purchase order. Genesis will buy 20,000 bitcoin miners from Canaan and the mining operation also has the option to purchase an additional 180,000 … Read more
Genesis Digital Assets buys 20K Bitcoin miners after $125M raise
Canaan has also granted Genesis Digital Assets an opportunity to buy up to 180,000 additional BTC mining machines. Go to Source Powered by WPeMatico