Big Four consulting firm KPMG officially launched its blockchain-based track and trace platform in Australia, China and Japan. Big Four audit firm KPMG has officially launched a blockchain-based track and trace platform in Australia, China and Japan. Dubbed KPMG Origins, the tool is designed to increase transparency and traceability of processes in multiple industries such…
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China’s digital currency approach will favor international payments and domestic retail system, former PBoC governor Zhou Xiaochuan said. China’s digital currency approach will be favoring international payments and domestic retail system, a former senior official said. Zhou Xiaochuan, the president of the Chinese Finance Association and former governor of the People’s Bank of China (PBoC),…
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China, tax moves and liquidity squeeze may have served to present a lethal combination, suggests Gabor Gurbacs, as Bitcoin circles $7,000. Bitcoin (BTC) price’s decline has come as a result of geopolitical and financial factors, a senior investment executive has suggested. In a tweet on Nov. 25, Gabor Gurbacs, digital asset director at investment management…
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Identity digitalization: How China is taking major steps to use blockchain in the government sector. News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country. President Xi identified…
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Chinese authorities shut down local cryptocurrency exchange BISS, and arrested 10 people suspected of being involved in its operations. Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations. Local media Sohu reported on the actions undertaken by Chinese authorities on Nov. 22. However, the date…
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In an escalating argument on social media, Changpeng Zhao promises legal action after The Block doubled down on its widely disputed Binance coverage. The CEO of cryptocurrency exchange Binance has vowed to sue industry media outlet The Block over alleged false reporting. In an ongoing Twitter exchange on Nov. 22, Changpeng Zhao, known as CZ…
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Harvard University stages a “Digital Currency Wars” live simulation of a White House National Security Council meeting. Harvard University’s Kennedy School carried out a live simulation of a White House National Security Council meeting on Nov. 19, featuring former senior administration officials and thought leaders. The “Digital Currency Wars” event examined a potential future scenario,…
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A new official statement from China’s central bank confirms it is taking fresh action against businesses offering cryptocurrency trading. Cryptocurrency exchanges operating illegally in China face a new threat after the central bank announced it would take new steps to uphold its trading ban. In a statement on Nov. 21, the People’s Bank of China…
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Alibaba Group’s movie-making arm Alibaba Pictures plans to tokenize distribution rights for its new film “Striding into the Wind.” Alibaba Group’s movie-making arm Alibaba Pictures reportedly plans to tokenize distribution rights for its new film “Striding into the Wind,” Chinese English-language publication China.org.cn reports on Nov. 22. The company has purportedly signed an agreement with…
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South Korean cryptocurrency exchange Bithumb denies recent reports that Chinese authorities have raided its Shanghai offices. South Korean cryptocurrency exchange Bithumb is denying recent reports that Chinese authorities have raided its Shanghai offices. On Nov. 21, a Bithumb spokesperson informed the Block that the recent rumors of a police raid and closure of the exchange’s…
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