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China
Market Wrap: Capitulation City as Bitcoin Dumps to $31K, ETH to $2K Before Reversal
Liquidations, China and even Elon Musk may be factors in markets falling.
Blood Bath in Asia Crypto Markets; China Sends Another Crypto Warning
The crypto market nosedives as bitcoin dips below $40K for the first time since Feb. 8, the day when Tesla’s $1.5 billion bitcoin purchase was made public. The market plunge follows the newest warning to crypto trading in China, reminding banks and online platforms cannot provide crypto services. Inner Mongolia banned cryptocurrency mining earlier this year. Now, it’s setting up a reporting platform to catch miners that aren’t following the rules. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
About 80% of Central Banks Are Exploring CBDC Use Cases, Bison Trails Report Says
The potential launch of private cryptocurrencies such as the Facebook-backed Diem is motivating central banks to develop CBDCs, the report noted.
Loser Coin Latest Ridiculous Cryptocurrency Joke Among Chinese Crypto Traders
“The Hash” panel unpacks a new cryptocurrency project in China named LoserSwap and its associated digital token Loser Coin (LOWB).
Trial Gets Under Way for Well-Known Crypto Executive in China
Prominent trader Zhao Dong is charged with "assisting internet criminal activities " and faces three years in prison.
LoserSwap's LOWB Is Badge of Honor for Self-Deprecating Chinese Crypto Traders
Bitcoin is for the establishment. LOWB is for losers.
Card-Based Digital Yuan Wallet Manufacturer to Use Fingerprint ID Tech
China’s Chutian Dragon, a smarts cards manufacturer, is reportedly making a card-based wallet for the digital yuan with fingerprint identification technology. “The Hash” panel weighs in on the global direction of central bank digital currencies (CBDCs), surveillance, and tracking.
Card-Based Digital Yuan Wallet Manufacturer to Use Fingerprint ID Tech
The new digital yuan wallet will require users’ biometric information to enable payments.
