AliPay users to test the digital yuan
The MyBank online bank will allow some clients to conduct operations with the digital yuan (DCEP) in the Alipay app, according to the China Securities Journal.
AliPay users to test the digital yuan
The MyBank online bank will allow some clients to conduct operations with the digital yuan (DCEP) in the Alipay app, according to the China Securities Journal.
China’s CITIC Bank bans accounts from buying and trading Bitcoin
The Chinese bank China CITIC Bank (CNCB), a subsidiary of the state conglomerate CITIC Limited, has banned individuals and legal entities from using accounts to trade digital assets.
Beijing to assess impact of cryptocurrency mining on electricity consumption
Beijing's municipal bureau of economy and information technology has requested local data-centre operators for information on involvement in cryptocurrency mining operations.
Media: Ant Group to Help PBoC Build Platform for Digital Yuan
The Digital Currency Research Institute of the People's Bank of China signed a strategic cooperation agreement with Ant Group to promote a technology platform for the digital yuan (DCEP), according to 21st Century Business Herald.
Chinese SSD maker will void warranty on devices used to mine Chia
The Chinese company Galax warned that it would refuse warranty service on SSDs if they are used to mine the cryptocurrency Chia.
JD.com adopts the digital yuan for payroll
Chinese online retailer JD.com announced that since January it has been paying some employees their salaries in the digital yuan (DCEP) and using it in interbank and commercial settlements.
Hashrate slump, overheated market and cascade of liquidations: what is driving Bitcoin’s price decline
Last week the hashrate of leading Bitcoin pools collapsed amid power-supply problems in China. A few days after the incident the price of the world’s leading cryptocurrency suddenly fell by about 10%. We looked into what happened, gathering a range of opinions on the latest market developments.
PwC: Bahamas and Cambodia Lead CBDC Development Ahead of China
Bahamas and Cambodia lead CBDC development, ahead of China, according to PwC.
China proposes treating Bitcoin as an investment instrument
Cryptocurrencies, such as Bitcoin, should be viewed as alternative investments. This was stated by Li Bo, deputy governor of the People's Bank of China (PBoC), during the Boao Forum for Asia, according to journalist Colin Wu.
Chia cryptocurrency miners spur local HDD and SSD shortage in China
Due to the surge in popularity of the Chia cryptocurrency, miners in China are stockpiling hard drives and solid-state drives for its mining.We use cookies to improve the quality of our service.
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