The Digital Yuan Is Tested for Workers’ Subsidies in Suzhou New details have appeared about ongoing trials of China’s digital yuan, especially its current implementation in Suzhou — a major city in Jiangsu Province. On April 16, reporters for ChinSci-Tech […]
China to Test Digital Yuan in Four Cities Social media are buzzing about a purported test version of a wallet app for China‘s upcoming digital yuan, with screenshots passed around. Ling Zhang, executive director of M&A, Global Fiat, at cryptocurrency […]
Bitcoin Takes 14th Position And EOS Tops China’s Public Blockchain Index The Blockchain Research Institute led by China’s Center for Information and Industry Development, or CCID, published its 17th Global Public Chain Technology Evaluation Index on April 10, with Bitcoin […]
China’s Central Bank to Pump $4.7M Into Blockchain Trade Platform The People’s Bank of China (PBoC) has reserved $4.7 million in funding from the country’s central government for its blockchain trade finance platform. The funds will be distributed over two […]
China’s Progress With Digital Yuan Slows Down Due to Coronavirus China’s research into its central bank digital currency (CBDC) — digital yuan — has been delayed amid coronavirus outbreak, according to reports. On February 25, an anonymous source familiar with […]
China Implements Blockchain More Actively Amid Coronavirus Outbreak Amid the persisting coronavirus outbreak, China has implemented blockchain to process medical data, monitor supply of virus prevention materials and consult the public. In the first two weeks of February, some 20 […]
China Quarantines Cash to Prevent Coronavirus From Spreading, Not an Issue With Bitcoin According to some reports, China has begun a quarantine of its used cash in order to stop coronavirus proliferation. In the meantime, the crypto community started to […]
Coronavirus And Crypto Market: Is There Any Relation? Many believe, that coronavirus raging and crypto markets gaining momentum are correlated. But this correlation does not necessarily mean causation, as some experts state. Mati Greenspan, the founder of Quantum Economics, expressed […]
China Crypto Mine Halts Operations Due to Coronavirus As coronavirus rages in China, the government is taking steps to keep the situation under control. Businesses (including crypto mines) are affected nationwide, and the quarantine measures require people to remain where […]
China’s Goals Behind Digital Yuan Michael Sung, a professor at Shanghai’s Fudan University, shared his viewpoint regarding the growth of digital yuan and blockchain projects in China. How high stakes are? And what is China actually doing? Sung had some […]
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