While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
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Bitcoin Still Commands the 9th Largest Market Capitalization in the World
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world
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Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus.
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Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of
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Alibaba’s Ant Group working with China’s Central Bank for Digital Yuan
Alibaba’s Ant Group has partnered with PBoC to support e-CNY. It will be an excellent move for the country towards pushing for the adoption of
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Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the
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