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China
Peter Thiel Says Bitcoin Could Be a Chinese ‘Financial Weapon’
During an appearance at a virtual roundtable yesterday, billionaire investor and self-described “bitcoin maximalist” Peter Thiel suggested that China could use bitcoin as a “financial weapon” to undermine the value of the U.S. dollar. “The Hash” panel debates whether Thiel’s comments are something the crypto space should take seriously.
China, the Convenient Foil
Peter Thiel is both right and wrong in calling bitcoin a tool that could empower China and challenge the U.S. dollar.
PayPal Co-Founder, Bitcoin Investor Thiel Says Bitcoin Could Be Chinese 'Weapon’
With bitcoin back in the spotlight, so are old fears that China may be at the reins.
Chinese Lottery Firm Furthers Crypto Pivot by Buying Bitcoin Miner Maker for $100M
The acquisition of mining equipment maker Bee Computing comes amid the lottery-turned-crypto-mining firm’s shopping spree.
Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'
Bank of International Settlements General Manager Agustin Carstens pushed back against claims that China's digital yuan would give the country a "first mover advantage" in the world of CBDCs. Though Carstens didn't directly name China, his speech challenged "overblown" rhetoric that any one CBDC would become the world's reserve currency based on "digital nature alone." Nik De breaks it down.
What’s Happening in the Asian Crypto Markets?
Crypto database Messari recently published a report on the crypto markets in Asia. Hong Kong-based analyst Mira Christanto explains the current trends in crypto in Asia and the future of peer-to-peer trading in China.
Shark Tank's O'Leary Says a 'Made in China' Label on Bitcoin Keeps Some Funds Away
"I have had many institutions tell me they do not want to own 'China coin,'" he said at a Cboe event.
China Proposes Global Rules for Monitoring CBDCs
China is leading major nations in the development of a CBDC but the digital yuan project has raised concerns.
Fed Chair Powell: Digital Dollar Would Need Stronger Privacy Than Digital Yuan
“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.
