Category: China
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Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer
CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it.
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The pandemic year ends with a tokenized carbon cap-and-trade solution
Lowering CO2 emissions and lessening carbon-intensive approaches are the essential goals in global efforts to fight climate change.
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Core Scientific Buys Over 58,000 Bitmain S19 Antminers to Expand Its Hosting Fleet in North America
A major North American blockchain hosting provider announced its expansion by ordering over 58,000 additional S19 Series Antminers, as part of an agreement arranged with the Chinese mining hardware manufacturer. US Contract Miner Core Scientific Arranges Purchase of Over 58,000 Bitmain S19 Antminers According to the announcement, Bitmain’s deal expects to facilitate Core Scientific customers’…
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China’s crypto landscape: How CBDCs drove blockchain adoption in 2020
As a developing tech power, China is one of the fastest countries in adopting blockchain technology.
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China has no plan to replace USD with digital yuan, former PBoC head says
A former PBoC official says that his country has taken a cautious approach with the digital yuan.
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Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
“We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People’s Bank of China.
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Chinese residents make 20K transactions in digital yuan trial event
The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents.
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Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.
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Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). Crypto Exchange Founder Taken Into Custody by Chinese Police Amid Nationwide Crackdown According to an announcement published by CEO Global,…
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Huobi’s HUSD Stablecoin to Run on Nervos Blockchain
China’s Nervos picks Huobi’s HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China.