Category: China
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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch…
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Reformed BTC Maximalist Erik Finman Proves the Value of Unschooling
[youtube https://www.youtube.com/watch?v=DB_Saff55E8&w=560&h=349] A 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed “world’s youngest bitcoin millionaire” at age 18. That’s not where the story ends, though. The high school dropout has since gone on to…
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Market Update: Economists Envision Global Recession While Crypto Prices Soldier On
[youtube https://www.youtube.com/watch?v=g9Ki7_jt3OM&w=560&h=349] Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards that…
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The White House Just Blamed Bitcoin for America’s Opiate Crisis
[youtube https://www.youtube.com/watch?v=LSfMDUKfylo&w=560&h=349] The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and…
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The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory
The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction…
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Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks
The 11th week of protesting in Hong Kong has passed as the world has witnessed massive sit-ins at the national airport and demonstrations across several locations citywide. The 2019 anti-extradition bill protests have affected Hong Kong’s local economy, investors have dumped on the benchmark Hang Seng index, and now pro-independence activist, Chen Haotian, has called…
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Central Banks Worldwide Testing Their Own Digital Currencies
Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also…
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PR: Bitkan and Bitcoin.com Announce Strategic Partnership
Tokyo, Japan – August 8th, 2019 – BitKan and Bitcoin.com have officially signed a Strategic Collaboration agreement together. Both parties will leverage on each other’s global resources to achieve a mutually beneficial win-win relationship. Founded in 2012, BitKan provides a one-stop integrated platform for cryptocurrency services. This includes a platform for crypto market data, a…
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Currency War Erupts as US and China Bring Out the Big Guns
What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the value of their…
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Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices
A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think the recent spike in crypto prices is due to…