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China

Chinese Digital Yuan Records 20K Transactions in its Trial Phase

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The Chinese have conducted roughly 20,000 transactions through an e-commerce company JD.com in a trial of the country’s digital yuan.

Huawei Mate 40 Will Support Digital Yuan Wallet

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Huawei Mate 40 will Reportedly Support the new Chinese digital yuan according to Huawei in a recent announcement on the company’s Weibo Channel. 

WoToken: Another “Record-Breaking” Chinese Crypto Ponzi Scheme has Emerged

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Recent reports suggests that WoToken, another “Record-Breaking” Chinese-based crypto ponzi scheme similar to PlusToken crypto ponzi scheme has emerged

China to Form National Blockchain Committee With Tencent, Huawei, Baidu and Others.

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China is looking to take over the blockchain space while the other world powers are still trying to recover from the adverse effects of COVID-19 pandemic. 

Images of China’s Central Bank Digital Currency Surfaces the Internet.

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Screenshots of the supposed online test wallet for the China’s Central Bank Digital Currency has surfaced the internet following an announcement that its use will be tested in four major cities of China.

World Health Organization Launches MiPasa, a Blockchain Powered Platform to Fight COVID-19.

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World Health Organization Launches MiPasa, a Blockchain Powered Platform to Fight COVID-19. MiPasa Blockchain Platform. Today, World Health Organization (WHO) joined hands with major blockchain and tech companies to create a distributed ledger technology (DLT) based platform for recording and…

Is the Coronavirus Outbreak Affecting the World’s Economy a Chance for Cryptocurrency Adoption?

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Since the outbreak of the Coronavirus pandemic, the global stock markets have been on a bizarre situation, recording a sharp drop in the world economy. According to experts, the situation is likely to continue.  The IMF announced that investors has…

Alibaba Cashback System Will Be Rewarding Customers With 5% in Bitcoin.

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Alibaba Cashback system will be rewarding users with bitcoin.  The Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli. The partnership is to enable its shoppers earn 5% back in Bitcoin.  Only Alibaba USA customers can…

Weekly News Overview On Cryptocurrency News.

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This is a weekly news round up of events concerning some remarkable happenings around the cryptocurrency community. Mark Zuckerberg testified before the US Congress this week concerning Libra Project. The outcome of the hearing wasn’t interesting because US Congress seems…

WeChat Pay Is Storing Transactions On Blockchain Says Changpeng Zhao

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WeChat the popular social media mobile app in China is storing transaction data on to the blockchain according to a twitter thread from CZ CEO of Binance. Following the tweet thread from Changpeng Zhao, he got a screenshot from Shenzhen…