People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan

China’s central bank reports that it is “progressing smoothly” with its development of a government-backed digital currency. China’s central bank, the People’s Bank of China (PBoC), reports that it is “progressing  smoothly” with its development of a government-backed digital currency. The bank issued its statement during a working conference held in Beijing from Jan. 2–3, […]

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Chinese Authorities Confiscate Nearly 7,000 Crypto Mining Machines

Chinese authorities have seized nearly 7,000 crypto mining machines consuming electric power illegally. Chinese authorities have seized nearly 7,000 crypto mining machines, illegally consuming electric power. The cryptocurrency mining confiscation came as part of an inspection of more than 70,000 households, 3,061 merchants, 1,470 communities, as well as factories, mines, courtyards and villages in the […]

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Secrets They Missed at DevCon: What It’s Really Like in a Working DAO

The secret to building a successful decentralized autonomous organization: Decred project lead shares four lessons in de-leadership. The topic of decentralized autonomous organizations is echoing loud and clear from the halls of this year’s DevCon to CryptoTwitter. Multiple projects at DevCon, including Aragon and MolochDAO, presented their commitments to decentralize power across a DAO, or, […]

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