China
Chinese Tech Giants Cautiously Invest in the Metaverse
Chinese mega unicorns are certainly investing in the metaverse, despite many firms are taking a cautious approach, given Beijing’s current crackdown on tech companies.
Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics
According to a Wall Street Journal, at the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded that of Visa.
U.S. Should Examine Chinese Digital Yuan Rollout during Winter Olympics: Senator Toomey
Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, urges the Treasury and State Departments closely examine Beijing’s CBDC rollout during the Olympic Games.
China Announces 15 Pilot Zones for Testing Blockchain Tech
China announced 15 pilot zones for testing the application of blockchain technology for several service sectors.
ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC
Asian Development Bank (ADB) is going to initiate a blockchain-powered project to connect securities depositories and central banks in the APAC region.
Behind the Scenes of Kazakhstan's Political Crisis. Can Crypto Mining Survive There?
Kazakhstan has been in the crypto news a lot lately. On the surface, we know that it's a Central-Asian nation with cheap electricity that became the world's second-largest center for cryptocurrency mining after China’s crackdown on crypto.
WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games
WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said.
China Launches Digital Yuan Pilot Wallet for Android and iOS Users
The People’s Bank of China has extended its pilot tests for the country’s Central Bank Digital Currency (CBDC) or digital Yuan with the launch of a new mobile wallet for Android and iOS users.
Macau Likely to be Test Bed for China's Digital Yuan: Reuters
Macau is expected to be a testbed for China's digital yuan, also known as the e-CNY, as casino operators prepare to bid for new licenses in the city for the first time in two decades.
Thailand Sees PoW Mining Surge As China Ban Lingers On
As the popular saying goes, one man’s food is another man’s poison, the same can be said of crypto mining which is largely on the rise in Thailand amidst the persistent ban on related activities in China.