China Has A $3.9 Billion Bitcoin Stash Despite Hostile Crypto Stance

The Chinese government is a crypto whale, according to Ki Young Ju, co-founder of CryptoQuant, despite its hostile stance toward the sector. Young Ju claims that China has seized $6 billion worth of cryptocurrencies from the PlusToken scam in 2019,…

China Ranks Top 10 in the World’s Crypto Adoption

China, the second largest economy in the world, has returned to the top 10 countries in terms of crypto adoption according to The 2022 Geography of Cryptocurrency Report, a report done by Chainalysis.   The Red Dragon dropped to 13th place…

Japan Follows China’s Footsteps by Preparing for Digital Currency

Japan is getting ready to unveil its digital currency on both the public and private sectors. Japan’s moves follow in the footsteps of China and other jurisdictions that have made similar moves in the recent past. The Chinese have been…

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…

Chinese Insurance Firms are use Blockchain Technology to Process Coronavirus Claims

Chinese local news outlet, the South China Morning Post reported on Sunday February 9 that Insurance firms in China are using the Blockchain to manage Coronavirus-related claims. The report said that Chinese online mutual aid platform Xiang Hu Bao added…

Top Chinese Newspaper Features a Bitcoin Headline

Crypto twitter erupted Monday after report a crypto headline on Monday’s edition of the official state run publication of the people’s republic of china, Xinhua. The paper reportedly featured an article tilted ‘Bitcoin; The First Successful Application of Blockchain technology’.…

Chinese Regulator: Libra must Abide to Regulations or get Banned

A Chinese senior regulator is of the opinion that Libra must be made to abide to international foreign exchange regulations or “it should be banned”. Sun Tiangi Chief accountant of China’s State Administration of foreign exchange (SAFE), made the comments…

China Looking into Blockchain and A.I Use Cases for International Financing

China is reportedly looking into the various use cases for Blockchain technology and artificial intelligence in (AI) in international financing with a specific focus on risk management procedures. China is looking to do this because it intends to liberalize its…

China unbans Crypto!!

China is taking an abrupt crypto U-turn that is surprising everyone in the crypto community. A country that only a few months ago had a lot of anti-crypto sentiment is increasingly becoming more open to the technology. According to Twitter-based…

Bank of England Governor: Digital Currency could Replace Dollar

Bank of England governor Mark Carney has suggested that the American dollar could soon be replaced with a digital currency similar to Facebook’s Libra. While delivering his speech at the U.S Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney…

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