The Chinese government is setting up a national blockchain innovation center in Beijing to focus on industrial applications and major use cases of blockchain technology, particularly those related to the Chinese economy. China Establishing New Blockchain Center China’s Ministry of Science and Technology has approved the establishment of a blockchain research center called the National…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: PayPal Held $604M in Crypto on Dec. 31, Microsoft Fired its Metaverse Team, Binance Incorporated zk-SNARKs into its Proof-of-Reserves Verification Read more »Sign up for e-EUR – the…
Read more
The new state-supported institution aims to speed up the country’s industry through blockchain technology. Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology — up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing. According to the China Daily’s report from Feb. 8, the…
Read more
Electricity-free digital yuan payment adoption is reportedly on the rise in China – where smartphone users can spend their coins without a network connection. Earlier this year, the central People’s Bank of China (PBoC)’s updated the official digital yuan app. The update allows users to use smartphone hardware to access their token holdings when their…
Read more
A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call center in what is becoming an established scheme for extracting money from victims lured with promises of quick profits on stock and crypto markets. Defrauded Bulgarian Crypto Investor…
Read more
Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season. Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup. According to a Feb.…
Read more
The city of Suzhou, in China, hopes its residents and local firms will transact a cumulative total of around $297 billion worth of the central bank’s digital yuan token this year. Per Shanghai Securities News, the city – one of the most populous and wealthiest in China – has unveiled a new plan for its…
Read more
The online community has expressed bewilderment over how China’s crypto ban aligns with the United States’ proclaimed principles of freedom. The cryptocurrency community has ridiculed well-known Bitcoin (BTC) critic Charlie Munger, vice chairman of Berkshire Hathaway, for calling the United States to follow in the footsteps of China and ban crypto. In an op-ed article in…
Read more
An economics professor and former adviser to the People’s Bank of China has urged the Chinese government to reconsider its ban on cryptocurrencies. He warned that banning crypto activities could result in missed opportunities that are “very valuable” to regulated financial systems. Chinese Economist Warns of Missed Opportunities Due to Crypto Ban A former adviser…
Read more
Over 300,000 stores and vendors in Changsha, China, now accept digital yuan payment – as the central bank digital currency continues to break new ground in the country…. Read More: Changsha, China: 300,000 of Our Merchants Accept Digital Yuan Read more »Sign up for e-EUR – the progressive stablecoin
