**** Chinese crypto market

How Will the Digital Renminbi Change China?

While many central banks are still investigating the possibility of issuing a digital currency, China has rolled out a digital currency via a series of pilot programs since last year. The eRMB (my term as opposed to the more awkward official DC/EP) by itself will not help the renminbi to challenge the US dollar’s global […]

US not competing with Beijing on digital currency, says Fed chair

Critics express concern that Washington is worried that e-money backed by a large economy such as China poses a threat to the greenback’s supremacy (ATF) China’s rapid development of a heavily controlled digital yuan is not a model for Washington to emulate, Federal Reserve chair Jay Powell said on Wednesday, adding that the US would […]

Cointelegraph predictions for the first 5 CBDCs of 2021-2022

2021 & 2022 touted to be the most important years for the development of CBDCs Central Bank Digital Currencies (CBDCs) have been an integral part of progressive discussions within the cryptocurrency community. CBDCs are virtual representations of the fiat currency of a particular country. They are often based on blockchain technology and are issued and […]

>>> Who’s Next After Ripple? Justin Sun Denies Allegations of TRON Being Sued by US Regulators Over 2017 ICO

Justin Sun rejects allegations of receiving any notices about regulatory proceedings regarding Tron or BitTorrent in the 2017 ICO from US or Chinese authorities The head of the Tron Foundation, Justin Sun, has denied receiving any official notices of regulatory proceedings about the 2017 Tron ICO from American or Chinese authorities or from a regulator […]

Monthly recap: Bitcoin and Ethereum post massive gains as trust erodes in the global financial system

Bitcoin Generates 47% in Monthly Returns as Institutional Demand Skyrockets Bitcoin’s fundamental backdrop is growing more robust than ever. During the month of December 2020, the flagship cryptocurrency was recognized as a hedge against inflation. Even JPMorgan Chase acknowledged that gold would suffer the most as capital shifts towards the pioneer digital asset.  Institutional investors […]

China extends digital yuan test to Beijing as Shenzhen holds second lottery

China’s digital yuan testing has extended to the capital, Beijing, after months of testing in other major cities. According to local news outlets, the pilot test of the central bank digital currency (CBDC) will focus on small local enterprises initially. The CBDC, alternatively known as the digital currency electronic payment (DC/EP), has been in testing […]

China’s BSN predicted as long-term global project, still ahead of others

The impact of China’s Blockchain Service Network may be limited, but the region’s national blockchain infrastructure continues to outpace other regions. First announced in October 2019, China’s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities.  According […]

Will America or China be No. 1 in cryptocurrency?

China shouldn’t stroll to the front for next-generation technology for financial services, a U.S. invention ANALYSIS/OPINION: Regardless of what happens in the election, regardless of what one thinks the direction of the country should be, virtually everyone on the planet agrees that it would be better for the United States to remain the No. 1 […]

China’s Digital Currency Poses Security Risks the West Can’t Ignore

The regime in Beijing recently completed digital yuan testing in a seemingly innocuous manner. In the southern city of Shenzhen, the Chinese Communist Party (CCP) distributed 10 million digital yuan to 50,000 residents in the form of virtual “red envelopes,” a whimsical reference to gifts of money received on the Lunar New Year. While the […]

China moves to legalize digital yuan and ban competitors with new draft law

China is inching closer to the launch of its own sovereign digital currency by giving it a legal foundation in an upcoming law revision, while the central bank is also addressing problems that emerged in pilot tests for the digital yuan, reported the South China Morning Post. The People’s Bank of China published a draft […]

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