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…

China Ranks Cryptocurrencies – Ethereum Tops the List, Bitcoin Flops

People’s Republic of China (PRC) belongs to the first governments to regulate Bitcoin and other cryptocurrencies. China is the first country to come out with an official government crypto ranking so far. Three filters were used by China Center for…

China Regulations: China Restricts Access to Foreign Cryptocurrency Trading

China is taking its last crackdown on digital currency markets as it moves to block all websites, both domestic and foreign associated with crypto trading and Initial Coin Offering (ICOs). Financial News, a newspaper run by the China’s central bank…

Unconfirmed Reports From Local Sources: Alibaba Launches Crypto Mining Platform amid China’s Crackdown

Author – Sam Reads, United Kingdom. Local sources of unconfirmed reports state that a Chinese tech giant and e-commerce conglomerate has launched a surprising cryptocurrency mining platform. A local Crypto News Service provider Alibaba registered the P2P Nodes in mid-October…