BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM
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The Bank of International Settlements (BIS) has declared that central banks cannot give up their role as custodians of the global financial pool to private digital assets. In an announcement made by the head of the BIS Agustin Carstens, cryptocurrency projects were likened to ‘gleaming skyscrapers’ as central banks remain the trusted gatekeepers of the [...]
China’s microblogging platform Weibo, popularly known as “The Twitter of China” has blocked the accounts of both Binance and Tron in what is believed to be a renewed attack on crypto-related businesses. Renewed Onslaught According to reports on the crackdown, the administration in China under the leadership of President Xi Jinping appears to have a [...]
The battle between several countries on who is going to be the ultimate crypto power is actively ongoing. China who is well known for its anti-Cryptocurrecy polices is not left out of this unspoken battle. The China Electronics Standardization Institute (CESI) as made announcements that it would be developing three blockchain standards before the year [...]
Li Xiaolai, one of China's largest bitcoin wallet holder has made an announcement that he will be quitting the cryptocurrency scene and if anyone sees a project in his name henceforth, they should ignore it. He Made a Post on Weibo He made this known through a Social media post in the popular Chinese social [...]
Chinese authorities have apprehended three suspects in the most prominent cryptocurrency hack that has ever taken place in the country, where nearly 600 million yuan ($87 million) were stolen. The police closed an investigation which lasted almost six months which involved three men who allegedly were involved in the hack that stole Bitcoin and Ether, [...]
Blockchain technology continues to draw the attention of investors. A Chinese subsidiary of the insurance provider ZhongAn Insurance tracks data of 760,000 diamonds using a blockchain-powered system. Founded in 2016, ZhongAn Technology is an "independently-developed blockchain platform" registered under the supervision of parent firm ZhongAn Insurance. The company announced on August 7 the release of [...]
China takes one more step towards integrating blockchain tech with its real-world economy. The government of the Jiangbei area in Nanjing city announced a plan to launch a $1,4 billion blockchain fund, as reported by the Xinhua News Agency. “The conference invited China Electronics Chamber of Commerce, China Internet Association, China Small and Medium Enterprises [...]