China censors crypto searches
Social media in China is blocking recent search results, and suspending the accounts of popular crypto-related content creators. If the situation continues, then this appears to be the latest step…
Digital Yuan ready for use as of 2022
The People’s Bank of China (PBoC), the Chinese central bank, plans to use their digital yuan during the 2022 Winter Olympics in Beijing. It could be the first test for…
Federal Reserve Considers Central Bank Digital Currency (CBDC)
The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries,…
China Bans Crypto Services
Chinese financial authorities have banned financial institutions and payment companies from offering services related to cryptocurrencies and warned investors against speculative crypto trading. Instead, they are developing a central bank…
First Chinese company invests in Bitcoin and Ethereum
The Chinese technology company Meitu purchased millions of dollars of Bitcoin (BTC) and Ether (ETH) from its corporate reserves. Interestingly they allocated more money towards Ether ($25.75M) than Bitcoin ($19M).…
Beijing opts for blockchain technology
A few weeks ago, the government of Beijing published a two-year plan in which they describe their goals with regard to the integration of the blockhain. The Chinese capital is…
Binance takes over Coinmarketcap
This acquisition has been hiding in plain sight for some time. The crypto exchange Binance takes over the popular US crypto information service Coinmarketcap. Coinmarketcap - 35 million requests per…
Chinese courier service deals with blockchain during pandemic
During the COVID-19 pandemic, the second largest courier service in China (SF Express) is intensively engaging in blockchain technology and its possible applications for the transport of various goods. Blockchain…
The digital yuan is coming ever closer
The Peoples Bank of China (PBoC) is said to have come closer to issuing a national digital currency. According to an industry insider, the central bank is said to have…
Peoples Bank of China warns against investing in crypto-currencies
Investors are currently struggling in all parts of the world, looking for investment alternatives, with crypto-currencies such as bitcoin being a serious consideration. Financial markets are currently facing their worst…