China’s central bank digital currency (CBDC) continues to gain traction as the country’s leading social media platform, WeChat, has started accepting CBDC payments. This move is seen as a major milestone in the adoption of CBDCs, as WeChat has over…
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Chinese Investors Fueling Crypto Market Growth Amidst Stock Market Decline
In the midst of the intense focus on spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States and their impact on BTC price, an unexpected source has emerged to support the crypto market: Chinese investors. Despite the ban on…
Important Crypto and AI News from China
China is one of the world’s largest economies and is home to more than 1.4 Billion people. These two factors make the Red Dragon a major market mover in traditional finance and the digital assets industry. Its stance on crypto…
Chinese State-Owned Corporation Embraces Crypto: New Funds Signal Shift in Stance
China Pacific Insurance’s subsidiary, CPIC Investment Management, has teamed up with investment firm Waterdrip Capital to create two cryptocurrency investment funds, signaling a more bullish stance on the sector than previously thought. The funds, named Pacific Waterdrip Digital Asset Fund…
China’s Digital Is Now the World’s Most Adopted CBDC
According to a statement from the People’s Bank of China (PBoC), since the pilot program’s start in 2020, transaction volumes for the central bank digital currency (CBDC) have surpassed $14 billion. Through its official WeChat channel, the central bank made…
Former PBoC Head: China has no Plans to Replace the US Dollar
A former People’s Bank of China governor has said that the country has no intention to replace the US dollar with the digital Yuan it’s working on. The former PBoC governor and current head of the Chinese Finance Association, said…
17 Million tourists Verify Health through Blockchain as Chinese tourism bounces back
Mainland tourism in China is back thanks to Blockchain-based health records. This report is according to Blockchain consortium FISCO BCOS. Tourism has fallen flat thanks to COVID-19 globally, with great tourist destinations like France, China, Kenya and Tanzania seeing their…
The Chinese city of Guangzhou uses blockchain for business efficiency
Ease of doing business has now assumed high importance, and a Chinese city is now using blockchain for business efficiency.
Chinese blockchain motivates startups, hopes to attract more talented investors
A newly established blockchain complex Hangzhou- a Chinese city notable for its enthusiasm to innovation, has staked a large sum of money to finance startups in the country. The money, which is estimated to amount to millions of dollars, has…
Chinese Aerospace Firm to Roll out a Blockchain Invoicing System
August 13th saw an announcement on a government site that revealed that the China Aerospace science and industry corporation limited is turning to blockchain technology to improve and boost its electronic invoicing system. The report released by the country’s top…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
