Category: China
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German Bank to Launch Bitcoin Investment Fund in January
German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called…
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China’s Latest Digital Currency Trial Is Its Most Important Yet
More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.
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Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments
PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.
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Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution
The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.
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Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts
Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by the authorities.
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JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery
Chinese e-commerce firm JD.Com says it’s become the first online platform to accept the nation’s central bank digital currency.
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Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply
While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months. Moreover, because…
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China’s central bank plans digital yuan pilot for payments to Hong Kong
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong.
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China Construction Bank’s blockchain bond efforts take a new direction
After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond.
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Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand.