In the wake of the coronavirus pandemic, a number of blockchain firms have stepped up their global relief efforts. With cases of the deadly coronavirus still popping up at an unprecedented rate around the world, many prominent members of the blockchain and crypto industries have heeded the global cry for help and have swiftly engaged…
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Chinese media has been quiet about the launch of their Blockchain Service Network since the outbreak of COVID-19. Numerous cryptocurrency media outlets have published recent reports asserting that China’s Blockchain Service Network will launch in April 2020. However, these predictions appear to be based on local reports published prior to China’s first official fatality resulting…
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Peter Vessenes talks crypto regulation, exciting blockchain technology and what can take crypto to the next level on Cointelegraph China’s Focus talk show. Welcome back to Cointelegraph China’s Focus talk show. This time around, Peter Vessenes is under the spotlight. He is the founder of CoinLab, the first venture-backed Bitcoin company. He also co-founded the…
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The Bank of China has completed the basic function development of a digital Yuan and it has moved one step closer to launch its CBDC during a middle of global recession. As central banks around the world are cutting interest rates to zero and taking aggressive action against the economic recession due to the coronavirus…
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Personal data of over 172 million users of Chinese social media platform Weibo is for sale on dark web and it’s priced in Bitcoin. Chinese social media giant saw a massive data breach result in data of millions of users available for sale on the dark web. According to a March 19 report from Chinese…
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Holding funds to receive rewards while contributing to the operations of a blockchain might be the answer to today’s mining problems. For a tech that was supposed to be democratic and distributed in order to free financial systems from the grip of government-influenced banks and return control of the money supply to the people, cryptocurrencies…
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The U.S. Department of Homeland Security named “blockchain managers” as “essential critical infrastructure” amid the coronavirus lockdown. A memorandum published by the United States Department of Homeland Security (DHS) has named “blockchain managers” among the nation’s “essential critical infrastructure” workers. On March 19, the DHS’ Cybersecurity and Infrastructure Security Agency (CISA) published a memo emphasizing…
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Bank of China continues its anti-crypto narrative and urges the public to pay attention to crypto scams on its official WeChat account. Financial markets are facing their worst crisis since 1929 and people are looking for alternatives to protect themselves from the crash. One option being considered by many is cryptocurrency. In response, Bank of…
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Huobi University Principal stated during a live broadcast that without 2020 financial crisis, there is no blockchain boom. The coronavirus pandemic is the “black swan of 2020”, leading financial markets into a level of decline not seen since the 2008 recession. However, blockchain may still have a chance to flourish during these times of crisis.…
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China Everbright Bank, one of the world’s largest public firms, debuted a blockchain-based supply chain finance solution by Ant Financial. China Everbright Bank (CEB), a major commercial bank in China and one of the world’s largest public companies, is debuting a blockchain-based supply chain finance solution by Ant Financial. Ant Financial, the financial arm of…
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