Bank of China continues its anti-crypto narrative and urges the public to pay attention to crypto scams on its official WeChat account. Financial markets are facing their worst crisis since 1929 and people are looking for alternatives to protect themselves from the crash. One option being considered by many is cryptocurrency. In response, Bank of […]
Continue ReadingLess than 1% of Australians used crypto for consumer payments in 2019, according to a survey by the Reserve Bank of Australia. While some Australian authorities recognize cryptocurrencies as a form of investment, digital assets like Bitcoin (BTC) are apparently not very popular as means of payment in the country. Australia’s central bank, the Reserve […]
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The CBDC race has long been on, and some countries might finish sooner rather than later. The race for central-bank digital currencies has been on for some time now, and since the development of the digital yuan may have been postponed due to the coronavirus pandemic, other countries could beat China to the punch. Almost […]
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Alibaba’s import e-commerce platform embraces ant blockchain traceability system to make consumer goods transparent and trackable. Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain increases logistic transparency The report […]
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Check the bad crypto news of the past week. Bitcoin has been on a downward streak for the last week, down around 15 percent over the last seven days. That’s bad but it could be worse. You might have put your money in stocks. Some people, though, remain optimistic. RT’s Max Keiser predicts that the […]
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Blockchain education firm Odem has offered free access to its platform to schools and universities facing disruptions as a result of the coronavirus. Blockchain-based education technology provider Odem has announced it will provide its platform to schools and universities that were disrupted as a result of the coronavirus pandemic. In a press release published on […]
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At MIT Bitcoin Expo 2020, monetary experts debate what form a central bank digital currency may take. On March 7, three monetary and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020. The panelists acknowledged that distributed ledger technologies (DLT) could improve […]
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The new Coronavirus outbreak has pushed Chinese officials to track individual citizens by their medicine purchases, which presents major ramifications for crypto. The government of Hubei, the Chinese province at the epicenter of the COVID-19 (Coronavirus) outbreak, issued a report on Feb. 18 detailing measures taken against the disease. The officials revealed that they tracked […]
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Amid the coronavirus epidemic, China has turned to blockchain tech to manage medical data, track supply of virus prevention materials and consult the public. Amid the ongoing coronavirus epidemic, China has turned to blockchain technology to manage medical data, track supply of virus prevention materials and consult the public. For the first two weeks of […]
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The People’s Bank of China files for multiple patents related to digital currency. China has been leading the way when it comes to digital payments by average consumers in the country. While such payments in the United States like Apple Pay are becoming more widely accepted, in nearby Japan such methods are still relatively rare. […]
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