448 Articles 5 Followers
3 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan
According to a report from Reuters on November 2, China’s Digital Yuan CBDC has already seen approximately $300 million spent by citizens. Speaking at Hong Kong’s “Fintech Week” conference, Governor of the People’s Bank of China Yi Gang said that mo...
2 Nov 2020 1 minute read 0 comments The Very Confused Martin Babalor
The development of National Digital Currencies is running fast. Yi Gang, governor of the People’s Bank of China, said a pilot program on the development of a digital currency issued by China's Central Bank in four cities has been working fine. There...
2 Nov 2020 1 minute read 1 comment Jw1
China Looking For Adopting Cryptocurrency As National Currency : China being surviving and actually growing without any much problem even in this situation of world Economy collapsing, is now on its way to get its economy fully digital. Act...
31 Oct 2020 1 minute read 0 comments Juan Molina
On our television screens we see these presidents shaking hands. But in practice, the United States imposes high tariffs on raw materials that are exported to China. It's a boomerang effect. The US needs microelectronics components made in China. Th...
28 Oct 2020 4 minute read 0 comments TheThirdDaniels
POSSIBLY OMNIPRESENT. BUT OMNIPOTENT? NAH. You've heard it said many times before on an otherwise smart and informative article, YouTube video, or tweet regarding cryptocurrency - most likely bitcoin (BTC) in particular - that certain 'bad news is go...
23 Oct 2020 1 minute read 8 comments Matthew Rosenquist
The U.S. National Security Agency knows which vulnerabilities China backed hackers are exploiting the most to gain access to sensitive data. The Chinese state-sponsored information gathering engine is a vacuum when it comes to acquiring information...
19 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan
According to a report published on October 19, China’s CBDC lottery has seen near total usage as of October 18, as its central bank digital currency (CBDC) program begins to look increasingly successful. China airdropped a total of $1.5 million wort...
17 Oct 2020 1 minute read 1 comment AverageVancouverite
In a move to trial the new Digital Currency Electronic Payment (DCEP), a digital version of the official Chinese yuan, the People's Bank of China issued 10 million yuan (Equivalent to about 1.5 million United States dollars) to 50,000 people in the S...
16 Oct 2020 1 minute read 16 comments Abhimanyu Krishnan
OKEx has suspended withdrawals indefinitely on its platform, following reports of investigation by authorities on October 16. Local media outlets report that a company official has been arrested by the police and that he or she is cooperating with t...
14 Oct 2020 5 minute read 2 comments MintDice.com
In August 2020, the People’s Republic of China released an app provided by ABChina for its countrywide digital currency, CBDC (Central Bank Digital Currency). In the months since, the currency has already been used for 1.1 billion yuan worth of trans...
