Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent

Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent

Fresh reports are indicating that China intends to conduct real-world tests of its central bank digital currency this year. Specifically, the first tests of this CBDC will reportedly take place in the high-tech Chinese city of Shenzhen. China will reportedly deploy CBDC testing before the end of 2019 This news first came in a local … Continue reading Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent

Bitcoin Falls to $7,000 After China Promises to “Dispose Of” Local Crypto Exchanges

Bitcoin Falls to $7,000 After China Promises to “Dispose Of” Local Crypto Exchanges

The cryptocurrency markets have taken a substantial hit during the last 24 hours. As Toshi Times reported yesterday, China is now taking action against cryptocurrency exchanges in the country. Moreover, this is raising concerns that China will now aim to stomp out local cryptocurrency exchanges. China promises to “dispose of” cryptocurrency exchanges Specifically, this all … Continue reading Bitcoin Falls to $7,000 After China Promises to “Dispose Of” Local Crypto Exchanges

China Cancels Plans to Ban Crypto Mining and Signs Blockchain Push Agreement

China Cancels Plans to Ban Crypto Mining and Signs Blockchain Push Agreement

The regulatory situation in China for cryptocurrencies has been shaky to say the least. A large amount of uncertainty has made investors unsure how to approach the rapidly growing sector. Now, however, China appears to have put off its potential plans to ban cryptocurrency mining – amid a crypto-friendly reversal. New documents say China will … Continue reading China Cancels Plans to Ban Crypto Mining and Signs Blockchain Push Agreement

China State Media Urges ”Rational” Crypto Investments as Crypto Market Soars

China State Media Urges ”Rational” Crypto Investments as Bitcoin Soars

China has been in the news for the last few days, following a public endorsement of blockchain technology. Now, however, Chinese state media is urging investors to ”remain rational” as Bitcoin and other cryptos soar. Moreover, they are highlighting that Beijing’s approval of blockchain technology does not automatically translate to one for crypto. China urges … Continue reading China State Media Urges ”Rational” Crypto Investments as Crypto Market Soars