Investors in China launched a crypto scam after being deceived themselves — and got busted by the police. Chinese police have reportedly arrested a group of scammers who launched a faux crypto scheme to recoup their losses after being defrauded by a number of different crypto-related cons themselves. According to an article from the Public…
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Tencent to build a blockchain-based wine traceability platform for China’s oldest wine producer. Chinese tech giant Tencent has revealed its plan for creating a blockchain-based wine traceability platform in collaboration with Changyu, China’s biggest and oldest wine producer, according to local news on July 31. It is said to be a nationwide first for the…
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Former Bank of China vice president says digital currencies can be a substitute for cash on circulation. The former vice president of China’s central bank pushed for central bank digital currencies positioning it as a substitute for cash in circulation. Wang Yongli, former vice president of Bank of China and a director of the Haixia…
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PoS mining platforms are gaining traction globally but could use more polishing and real-life testing, according to experts. Over the course of the past few years, the cryptocurrency mining sector has started to gain a lot of mainstream financial traction. For example, market research firm Technavio recently released startling data claiming that the global mining…
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The crypto industry has the best historical moment to change the discourse about cryptocurrency and its reputation into a successful innovative tech sector. The COVID-19 pandemic has certainly accelerated the digitalization of economies across the globe, opening up discussions on the future of digital financial services and whether our economy should advocate for the financial…
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At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim. Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital monopolies. A Reuters report published on…
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As the official Telegram Open Network is being prepared to shut down on Aug. 1, global TON technology projects continue progressing. TONCommunity.org, one of the multiple spin-offs of Telegram’s unlaunched blockchain network, has announced that its tetsnet is now live. After announcing plans for a separate TON network in late May, TONCommunity.org launched the testnet…
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The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Facebook CEO Mark Zuckerberg testified before the U.S. House Financial Services Committee…
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Bitcoin has the ability to replace gold as a safe haven for investors as the world turns digital, says Nigel Green. Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says Bitcoin’s recent bullish activity shows it has the power to replace proven safe haven assets like gold. In a statement on…
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He Yifan of Red Date Technology shares the future plans of China’s Blockchain-based Service Network. China’s Blockchain-based Service Network (BSN) will be integrating with some of the most well-known public blockchains over the next 12 months. He Yifan, CEO of Red Date Technology, the private company behind the BSN, told Cointelegraph that the network aims…
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