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“# New decentralized stablecoin in China targets international trade ” As financial authorities around the globe become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade. Chris Banbury, head of global operations at permissionless blockchain project Conflux, told Cointelegraph on Sept. 21 that the…
“# Ethereum’s London, Berlin and Shanghai forks and their role in Serenity ” Ethereum (ETH) has enjoyed a good run so far in 2021, with its value increasing from about $1,300 at the beginning of the year, to nearly $4,000 in May. However, Ethereum’s price aside, consistent problems on the Ethereum blockchain have brought to…
“#17 people killed as search ends in Siji Kaiyuan Hotel collapse” The death toll in the collapse of a hotel in eastern China was raised to 17 Wednesday as authorities ended the search and rescue mission. The city of Suzhou said on its social media feed that 23 people had been pulled from from the…
“# Chinese banks pilot digital yuan at Shanghai department stores ” Shanghai’s New World City and New World Daimaru Department Store, and food caterer Taikang Food Store handled thousands of digital yuan transactions over the past weekend, Shanghai Daily reports. As part of the trial, the retailers featured digital yuan payments as part of a…
“#Chaos erupts at Shanghai airport after mass COVID-19 testing ordered” One of Shanghai’s international airports descended into chaos after officials ordered mass COVID-19 testing for workers in response to a small cluster of cases detected among cargo handlers. Footage showed people in hazmat suits trying to contain swarms of people overnight Sunday at Shanghai Pudong…