Chinese City Offers Rent Subsidies, Cash Rewards to Blockchain Businesses
Fuzhou, China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry’s growth Go to Source Powered by WPeMatico
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Russian Banks Join Chinese Swift – Is the Dollar Era Under Threat?
As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. With increasing competition, will the U.S. dollar continue to … Read more
CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike
Back in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter. Now, close to two years and three months later, a surge of CNY has been flowing back into the digital currency economy after the Shanghai Composite posting … Read more
Bitcoin Primely Positioned as U.S. Foreign Policy Pushes Rivals to Ditch Dollar
As President Donald Trump presides over geopolitical shape-shifting as the poster boy of separatist politics, the most significant clapback yet may be loss of confidence in the U.S. dollar. The dollar has been politically weaponized in the service of American interests and now other global powerhouses are betting on taking back control of their economies … Read more
China’s Central Bank Seeks Digital Currency Specialists
China’s central bank, the People’s Bank of China, is seeking professionals with digital currency and blockchain experience Go to Source Powered by WPeMatico
China Should Consider Launching its Own Stablecoin, Central Bank Expert Says in Op-Ed
Despite the current ban on crypto, China should consider launching its own stablecoin, PBoC expert says Go to Source Powered by WPeMatico
Major Mining Pool F2Pool Publishes List of Minimum Prices for Profitable Crypto Mining
Co-founder of mining pool F2Pool has published a list of cryptos and types of miners, showing when coins become unprofitable to mine Go to Source Powered by WPeMatico
Three Hackers Held in China Over $87 million Crypto Theft
Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The supposed hackers stole bitcoin and other digital assets worth an estimated $87 million USD. Authorities say this is the biggest heist of this type in the People’s Republic so far. Also read: South African Tax Authority Going After Crypto … Read more
Bitcoin Trading in Chinese Currency Drops Below 1% of World Total
Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms. Also read: Crypto Exchange Binance Expects up … Read more
Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s Currency
El Petro, the Venezuelan cryptocurrency, can now be purchased with Russian rubles, among other fiat currencies, President Nicolás Maduro announced. Companies from many countries, including the United States, want to buy the oil-backed crypto, he added. Venezuela’s head of state also said he decided to denominate the national currency, the bolivar. Also read: Venezuela Recruiting … Read more
