China’s digital yuan pilot in four of its cities has recorded nearly $300 million in transactions according to the head of the People’s Bank of China. Yi Gang, Governor of the People’s Bank of China said that the digital yuan pilot program that has been rolled out in four major Chinese cities is making great … Continue reading PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions
Why is Bitcoin rising harder than ever before as BTC price pushes for $50,000 after exceeding $47,000 in a new all-time high? Here are five reasons for Bitcoin’s growing strength. The Bitcoin (BTC) price rose to new all-time highs and continues to climb to a new peak. According to the latest data from Coindesk, Bitcoin has skyrocketed by 20.51% in … Continue reading 5 Reasons Bitcoin Hit $47K ATH and the BTC Price Surge Will Continue
To assist learners in documenting their competencies and skills across their entire academic journeys, Arizona State University (ASU) is going a notch higher by deploying a blockchain-based technology technical stack enterprise infrastructure. This approach was necessitated because the university thought out of the box on how graduates showcase verifiable competencies and skills to potential employers beyond a … Continue reading Arizona State University Offers Blockchain Technology, Enhancing Student’s Academic Journey
China announced 15 pilot zones for testing the application of blockchain technology for several service sectors. The Cyberspace Administration’s official Wechat social media account said that the pilot zones include areas in Beijing and Shanghai, as well as Guangzhou and Chengdu in the southern Guangdong and Sichuan provinces respectively. The announcement which came via a … Continue reading China Announces 15 Pilot Zones for Testing Blockchain Tech
The Bank of China, in collaboration with the Education Bureau and financial authorities of Longquanyi District, Chengdu, has launched an educational electronic RMB smart contract prepaid fund management product, extending the pilot scope to school education, according to Chinese news media Sohu.com. The product enables parents living in Longquanyi District, Chengdu City, Sichuan Province, China, … Continue reading Bank of China Launches e-CNY Smart Contract Product for Off-campus School Education
According to the China Financial Association, the Digital Currency Research Institute of the People’s Bank of China has launched a digital renminbi smart contract prepaid fund management product – “Yuanguanjia”. The product was launched to the public across the country at the 2022 Second China (Beijing) Digital Finance Forum held on September 8. It aims … Continue reading China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product
Decentralized storage network Filecoin miner RRMine Global announced that it will withdraw from the Chinese mainland market and close its business in mainland China, moving its headquarters to Singapore. In the press release, the company said that due to the policy of strict restrictions on cryptocurrencies in mainland China and the divergence of its Web3.0 … Continue reading Filecoin Miner RRMine Global Shuts Down Market in China, Moves HQ to Singapore
The Chinese Central Bank Digital Currency (CBDC) also known as the e-CNY has hit close to $14 billion (100.04 billion Yuan) from 360 million transactions as it gains widespread acceptance in the country. The People’s Bank of China reported the news and that about 15 provinces have been selected as of August 31 to carry … Continue reading China's Digital Yuan Has Topped Over $14 Billion in Transaction Volume
Hainan Chain Box Technology Co., Ltd, a company associated with the popular Chinese NFT (digital collectible) platform iBox.art, has recently faced a penalty of 400,000 RMB for violating China’s Anti-Unfair Competition Law. The law aims to ensure fairness in business promotions, stating that the maximum value of a top prize in a lottery-style sales event should … Continue reading NFT Platform iBox Fined 400,000 RMB for Violating China's Anti-Unfair Competition Law