China censors crypto searches

Social media in China is blocking recent search results, and suspending the accounts of popular crypto-related content creators. If the situation continues, then this appears to be the latest step in Beijing’s increasing censorship of cryptocurrency information over the Internet. Searches for the Chinese or English names of Huobi, Binance and OKEx have recently been censored in […]

Digital Yuan ready for use as of 2022

The People’s Bank of China (PBoC), the Chinese central bank, plans to use their digital yuan during the 2022 Winter Olympics in Beijing. It could be the first test for China’s central bank digital currency (CBDC) with international users. With the increasing adoption of crypto-assets, central bank digital currencies (CBDCs) have once again become a […]

Federal Reserve Considers Central Bank Digital Currency (CBDC)

The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries, first and foremost China, as well as the increasing digitalization have intensified the discussion. The U.S. Federal Reserve did not reveal any specific plans for […]

China Bans Crypto Services

Chinese financial authorities have banned financial institutions and payment companies from offering services related to cryptocurrencies and warned investors against speculative crypto trading. Instead, they are developing a central bank digital currency (CBDC). Chinese financial officials announced that the country would crack down on financial institutions that operate cryptocurrency businesses or offer related services. The decision follows […]

First Chinese company invests in Bitcoin and Ethereum

The Chinese technology company Meitu purchased millions of dollars of Bitcoin (BTC) and Ether (ETH) from its corporate reserves. Interestingly they allocated more money towards Ether ($25.75M) than Bitcoin ($19M). Meitu is the first major company to do so. The Chinese company recently announced a purchase of 15’000 Ether (ETH) and more than 379 Bitcoin (BTC). This […]

Chinese courier service deals with blockchain during pandemic

During the COVID-19 pandemic, the second largest courier service in China (SF Express) is intensively engaging in blockchain technology and its possible applications for the transport of various goods. Blockchain guarantees high standards and reliability It is not known how extensively the company currently uses blockchain, but it is reported that the company is looking […]

Peoples Bank of China warns against investing in crypto-currencies

Investors are currently struggling in all parts of the world, looking for investment alternatives, with crypto-currencies such as  bitcoin being a serious consideration.  Financial markets are currently facing their worst crisis since 1929 and in recent days the search volume for the most popular crypto-currency has increased on Baidoo and Google Trends. Bank of China […]