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“# Chinese retail giant JD accepts digital yuan payments for Singles Day ” E-commerce giant JD.com took payments in China’s central bank digital currency (CBDC) at a massive local shopping event. JD.com accepted digital yuan (e-CNY) for payment on its e-commerce application for the Singles Day promotion period which began on Oct. 31 and ended…
“# Did conflicting reports about Evergrande defaulting cause Bitcoin to tank? ” Conflicting news about whether Chinese property giant Evergrande had defaulted on its overdue loan payments emerged just before Bitcoin’s recent price crash. Evergrande Group is China’s second-largest property developer and is in debt for roughly $300 billion. There are fears that its collapse…
“# PBoC governor says digital yuan to be more privacy-enhanced than payment apps ” During a virtual video session at the Bank of Finland Institute for Emerging Economies’ 30th Anniversary Conference, People’s Bank of China governor Gang Yi discussed recent developments regarding the country’s central bank digital currency, or CBDC, known as the digital yuan…
“#Letter confirms Wuhan lab leak was funded by US taxpayers” The origin of the SARS-CoV-2 virus that causes COVID-19 remains unclear, but recent revelations reinforce the likelihood that the true source was a lab leak from the Wuhan Institute of Virology. A letter from Lawrence Tabak, the National Institutes of Health’s principal deputy director, to…
“# Over 140 million people have digital yuan accounts, says PBoC head ” China’s trials with central bank digital currency (CBDC) show no signs of slowing down, as the updated numbers for October 2021 were revealed at Hong Kong Fintech Week. Set out to replace cash in day-to-day transactions, the digital yuan (e-CNY) is gaining…
“# Asia-Pacific leads the world in NFT searches on Google ” Amid the ongoing nonfungible tokens (NFT) boom, people in Asia-Pacific (APAC) countries appear to be the most curious about NFTs, according to Google Trends data. Google Trends data shows that China, Singapore and Hong Kong are the three top countries in the world in…
“#Chinese influencers pose with Costco to pretend they’re in US” Stir-crazy Chinese social media influencers have been posing outside the country’s lone Costco store to pretend they’re in Los Angeles as pandemic-induced travel restrictions remain in place. Dozens of such posts, some from users with a quarter-million followers, have been shared on the popular Chinese…
“#Trump aide Peter Navarro exposes the dangerous Fauci: Devine” Dr. Anthony Fauci is in for a shellacking Tuesday when a bombshell new book by former Trump economic adviser Peter Navarro lands. “In Trump Time, A Journal of America’s Plague Year” is a rollicking personal diary studded with insider confidences, and it sets its sights squarely…
“# Huobi closes crypto derivatives as part of wind-down for Chinese traders ” Major cryptocurrency exchange Huobi has ended futures and other derivatives trading in mainland China today, as planned. Earlier this month, cryptocurrency exchange announced on its website that it will settle all futures, contracts, and other derivatives activities for all Chinese consumers today,…
“# New Bitcoin hash rate highs remove any trace of China mining ban ” Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year. According to the latest estimates, the network hash rate is now back at levels from May, just before China outlawed its…