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Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

The scourge of the coronavirus has led to the temporary closure of factories in China with the electronic industry supply chain being hit the hardest forcing an extension in the Lunar year holiday following the outbreak of the virus. Despite quarantine and several measures being actively employed to halt the spread of the virus in … Continue reading Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

How Blockchain Can Mitigate Electoral Malpractices

For elections to be credible, they ought to be free and fair. Nevertheless, the voting process may be marred with malpractices, and this hinders transparency. This has been an issue that has affected many electoral processes across the globe because the will of the people is, at times, jeopardized in favor of egocentric motives. For … Continue reading How Blockchain Can Mitigate Electoral Malpractices

Making a Difference in Africa: Paxful Unveils Bitcoin Donation Fund to Overcome Coronavirus Pandemic

The global peer-to-peer Bitcoin marketplace Paxful has announced its mission to launch the “Africa Fund” that seeks to utilize Bitcoin donations to enable Africa to overcome the current COVID-19 crisis. The fund will utilize Bitcoin donations to buy essential resources for the fight against the coronavirus pandemic. In other words, the company is expanding its … Continue reading Making a Difference in Africa: Paxful Unveils Bitcoin Donation Fund to Overcome Coronavirus Pandemic

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country. According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage.  According to a local report, blockchain is … Continue reading Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot

The Chinese central bank, People’s Bank of China has recently approved the city of Chengdu to carry out FinTech innovation supervision pilots. Chengdu, the capital of China’s Sichuan province has been added to the list of regions that could carry out FinTech-related pilots. The People’s Bank of China launched the FinTech regulatory sandbox in December … Continue reading Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar. The US Senate Banking, Housing, and Urban Affairs Subcommittee on … Continue reading Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat

China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission. In 2017, China completely banned Bitcoin exchanges in the country but this did not stop initial coin offerings and virtual currency trading. Without Bitcoin exchanges operating in China, traders turned to foreign exchanges … Continue reading China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat

Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

Telecoms giant Huawei has joined hands with the Beijing Municipal Government to create a blockchain-powered directory system. It is aimed at addressing the headache of weak applications, scattered coordination, and data sharing in various departments, according to local media outlet Jintai News.  Optimizing the business environment The blockchain directory aims to optimize the organization of … Continue reading Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

How Crypto is Helping a Globally-Recognised NGO with Their Covid-19 Response

The Covid-19 pandemic has taken its toll on the world, causing almost half-a-million deaths, illnesses, and economic downturns. The World Bank argues that the deadly virus could push up to 60 million people into extreme poverty, wiping out the progress made in this area in the past three years. In a recent report, the financial … Continue reading How Crypto is Helping a Globally-Recognised NGO with Their Covid-19 Response

Chinese President Xi Jinping: Participate in Making Digital Currency and Digital Tax's International Rule Actively

Updated 31 October 2020 12:06 pm UTC China’s President Xi Jinping will publish an article on November 1 outlining the President’s strategy for China’s growth through the COVID-19 pandemic and highlights fostering a digital economy and digital currency. China’s General Secretary of the CPC Central Committee, President, and Chairman of the Central Military Commission Xi Jinping … Continue reading Chinese President Xi Jinping: Participate in Making Digital Currency and Digital Tax's International Rule Actively

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