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Jason Wu had to cancel a dozen meetings with his crypto clients in China after the coronavirus epidemic broke out this month. “We planned a 10-city tour to talk with potential clients in China,” Wu, the CEO and founder of non-custodial crypto lender DeFiner, said. “Nobody wants to attend any crypto-related conferences or any meetings […]
China may be about to launch a fiat digital currency, but in all likelihood, it will only resemble a cryptocurrency on the surface. And it probably won’t use a blockchain. While inspired to some degree by bitcoin and the like, the effort is explicitly framed as a strategy to beat them back. The project was […]
Economists at global investment bank Goldman Sachs believe there to be no end in sight to the ongoing US-China trade war. Although damaging to economic interests in both nations, the lack of resolution may well be bullish for Bitcoin. The cryptocurrency has historically performed well at times of heightened geopolitical tension. This is due to […]
Faced with the possibilities and threat posed by Facebook’s Libra cryptocurrency project, China’s central bank should rethink its plan for a national digital currency, according to its former head. As reported by the South China Morning Post, former People’s Bank of China (PBoC) governor Zhou Xiaochuan said at an event in Beijing this week that, with its Libra offering, […]
Ripple has partnered with a top Chinese university for a blockchain research program. The Institute for Fintech Research (THUIFR) at Tsinghua University in Beijing announced last week that the scholarship program would focus on global regulatory policies and blockchain development. Selected students will also get to participate in corporate visits and events. Ivy Gao, director of international cooperation […]
The emergence of peer-to-peer (P2P) cryptocurrency lending platforms in China has swiftly increased over the years. This is happening at a time when the nation is stuck in the middle of the latest liquidity crunch. The digital foreign currency markets are also seeing a long bearish period that has driven people to embrace P2P lending as a […]
Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold cryptocurrency on behalf of large clients and track its price. […]
August 2018 was marked by long bearish runs in the second and third week, followed by short recovery periods. However, August 8th and 29th saw huge bitcoin upswings above the $7,000 price points, while August 14th was marked by huge dips. Bitcoin: On the 8th of August, Bitcoin broke the $7,000 price point to trade at […]
Tech giants Alibaba and IBM are vying for the top spot on a new list that ranks global entities by the number of blockchain-related patents filed to date, published August 31 by iPR Daily. iPR Daily — a media outlet specializing in intellectual property — says it consolidated data as of August 10 from across China, the EU, America, Japan and South Korea, as well consulting the International […]
The warfare between the US and a number of countries like China, Iran, Venezuela, North Korea, Cuba, Turkey, and Russia among others is ensuing, that has these nations going anti-dollar, creating their own national cryptocurrencies and backing out of the US-based SWIFT system. Meanwhile, Bitcoin and crypto adoption are on the rise. Anti-Dollar awakening happening […]