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BusinessChronos.com:Cryptocurrency Statistics 2018-2019

Cryptocurrency Statistics 2018- 2019 Cryptocurrencies have become increasingly popular over the past few years, with the likes of Bitcoin becoming household names across most countries. However, aside from knowing roughly what Bitcoin and other cryptocurrencies are, many people don’t know too much about them. This is made even worse if you’re considering investing in cryptocurrency; […]

Bitcoin Shows Signs as Safe-Haven Asset During Global Turmoil

The conflict between the U.S. and Iran served as an example of how Bitcoin has evolved as a safe-haven asset in times of global turmoil. Bitcoin is Becoming a Hedging Asset The U.S.-Iran relations reached a critical point after American forces carried out a predawn airstrike at an Iraqi airport in Baghdad on Jan. 2. […]

Head of the IMF Suggests Countries Issue Their Own Cryptocurrencies

Christine Lagarde, head of the International Monetary Fund (IMF), said governments should consider a central bank digital currency (CBDCs) to prevent fraud and improve financial services in both developed and developing countries. Lagarde, speaking at the Singapore Fintech Festival this week, said banks should work to create digital cash systems to keep up with private digital finance […]

China’s digital currency to connect Hong Kong, China’s trade finance blockchains

Linking trade finance blockchains China’s trade finance blockchain, also known as the ‘Bay Area Trade Finance Blockchain Platform” (BATFB)’, was built in conjunction with the Digital Currency Institute. As we reported four months ago, it had processed $4.5 billion (30 billion Yuan) and had 28 bank members since its launch in September last year. Now, […]

China at forefront of global blockchain boom

Wealth, talent pour in as strong government support for technology, industrial innovation accelerates development of sector China is bullish on the blossoming blockchain sector, seeing it as the next frontier for national competitive advantages as well as a digital future. As one of the first major countries to acknowledge the potential of the blockchain technology, […]

Digital yuan nears launch as China sweats over Libra

Sovereign virtual coin lets Beijing bolster oversight and boost currency abroad BEIJING — China appears on track to launch a sovereign digital currency next year, becoming the first major country to do so, as Beijing aims to track money flows more closely and combat planned cryptocurrencies such as Facebook’s Libra. With work completed on conducting research and setting […]

China’s Central Bank Completes Design of its Digital Currency

China’s central bank, the People’s Bank of China (PBoC), has announced it has completed the design of its digital currency, local news outlet JRJ.com has reported. According to the announcement, China’s central bank digital currency has completed its “top-level design, standard formulation, functional research and development.” Mu Changchun, head of the digital currency research institute […]

Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing

A 200-page manual titled “Digital Currency: A Reader for Cadres” entered its second printing in January. The high demand signals interest from China’s government amid confusing regulations on cryptocurrencies. The handbook was first released in November, and includes a comprehensive set of 23 articles, starting from the basics of digital currencies to their impact on […]

Emerging tech firms face tighter scrutiny

PBOC officials moot stricter measures in financial sector to protect investors Regulators are expected to adopt a tough stance on emerging technology in the financial sector and extend supervision of technology giants in an effort to curb systemic risks, central bank officials said on Tuesday. Over-innovated financial products with lagging regulation may lead to financial […]

Experts expect Asia to play lead development role across the world

Asia is expected to lead the development of blockchain technology worldwide, with China among the key countries to watch next year, according to experts. Jason Potts, professor of economics and director of the Blockchain Innovation Hub at RMIT University in Melbourne, Australia, said Asian countries, including China, Singapore, South Korea and even Vietnam, are making […]

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