China’s Military Newspaper Suggests Soldiers to be Rewarded in Cryptocurrency

China’s Military Newspaper Suggests Soldiers to be Rewarded in Cryptocurrency

Thanks to President Xi Jinping’s recent game-changing comments about blockchain, the official newspaper of the People’s Liberation Army (PLA), PLA Daily, appears to be poised to see military personnel paid and encouraged in cryptocurrencies as opposed to the Yuan. According to a pro-crypto write-up published by the PLA’s paper, the technology should not be exclusive to civilians. There are a ton of use cases that the technology can offer the military sector. The article opines:…

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BRICS Coalition Plans to Develop a Cryptocurrency for Settlements Between Members

BRICS Coalition Plans to Develop a Cryptocurrency for Settlements Between Members

BRICS, a collaborative group with five members of major emerging nations – Brazil, Russia, India, China and South Africa – has proposed developing a digital currency for payment transactions between these countries. The CEO of Russian Direct Investment Fund (RIDF), Kirill Dmitriev, detailed the developing plan on Thursday at the BRICS forum. RIDF is a $10 billion wealth fund of the country created by the Russian government. The announcement was reported by RBC Group, a…

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China’s Central Bank Executive: ‘Controllable Anonymity’ with State’s Digital Currency

China’s Central Bank Executive: ‘Controllable Anonymity’ with State’s Digital Currency

As China moves forward towards the launch of the digitized version of its traditional currency, investors and financial authorities all over the world closely monitor and assess its implications for the general public. With worries of surveillance and abuse in mind, the head of the People’s Bank of China’s digital currency research institute Mu Changchun stressed that the digital currency is not intended to empower the state to control private information of the public. Instead,…

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Ethereum’s Founder Joe Lubin Discusses ConsenSys, Ethereum 2.0 and China

Ethereum’s Founder Joe Lubin Discusses ConsenSys, Ethereum 2.0 and China

In a rather lengthy but surprisingly interesting interview with Forbes, one of Ethereum’s founders, Joe Lubin, gave an in-depth insight into what Ethereum 2.0 is all about including the different stages associated with the project and how Ethereum 2.0 would change the world for good. One of the most fascinating points in the interview was that Lubin stressed his willingness to work with the Chinese government and probably teach them a thing or two about…

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Bitcoin Makes the First Page of China’s State-Sponsored National Newspaper

Bitcoin Makes the First Page of China’s State-Sponsored National Newspaper

Bitcoin(BTC)trade has made the headline on Xinhua, the People’s Republic of China’s national publication. The state-sponsored news outlet featured an article which was titled ‘Bitcoin: The First Successful Application of Blockchain Technology.’ The piece has been circulating on social media platforms such as Twitter, as members of the crypto community shared it around. Matthew Graham, CEO of Sino Global Capital was one the first people to notice the article and posted it on Twitter with…

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CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations

CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations

China’s Shenzhen Police has arrested Zuoxing Yang, known as the CEO and founder of MicroBT, a Bitcoin(BTC)trade mining equipment manufacturer based in China. According to the city police, Mr. Yang has been held to assist the investigators regarding a dispute between MicroBT and Bitmain in which the latter accuses the former of exercising intellectual property infringement. MicroBT is a technology company which is focused on different developments related to blockchain and artificial intelligence. It especially…

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Optimism! Ripple CEO Predicts the Downfall of 99% of All Cryptocurrencies

Optimism! Ripple CEO Predicts the Downfall of 99% of All Cryptocurrencies

In an interview with Bloomberg, the CEO of Ripple (XRP)trade Brad Garlinghouse expressed his opinion on the rapidly expanding sphere of digital currencies. Replying to a question posed by the host, Garlinghouse said that there are too many cryptocurrencies in the market right now. He noted that there are almost 3,000 digital assets that are being exchanged on a daily basis. According to Garlinghouse, a reason why there is a proliferation of digital assets in…

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China Calls for Steady Development of Blockchain and Avoidance of ‘Aircoins’

China Calls for Steady Development of Blockchain and Avoidance of ‘Aircoins’

The Communist Party of China’s certified media outlet, The People’s Daily, released a featured article on blockchain and its future in China on October 4th. The piece was titled ‘Blockchain, a breaking point for China to overtake.’ Dovey Wan, an investor, adviser and crypto analyst shared screenshots of the piece and its translation on Twitter, calling attention to specific parts. The article claims that although blockchain is the future, innovation in blockchain does not guarantee…

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Chinese State Media Maintains the ‘Yes Blockchain, No Cryptocurrency’ Policy

Chinese State Media Maintains the ‘Yes Blockchain, No Cryptocurrency’ Policy

Last week, Chinese President Xi Jinping made several positive remarks regarding blockchain adoption, which sent the share prices of various blockchain-related firms to higher levels. The comments from the Chinese leader also skyrocketed Bitcoin(BTC)trade, resulting in last week’s rally that the crypto market witnessed. However, the Chinese state newspaper the People’s Daily released a commentary, explaining that investors shouldn’t refer to this blockchain endorsement as a support for the entire crypto market as a whole….

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Chinese Official Urges Governments to Strictly Control Digital Assets

Chinese Official Urges Governments to Strictly Control Digital Assets

“…But it could also bring a lot of illegal cross-border financial activities. This should be a matter of great concern to all countries, especially emerging markets.” Sun Tianqi Speaking on the Bund Summit in China’s commercial hub, the chief accountant of China’s State Administrator of Foreign Exchange (SAFE), Sun Tianqi, urged governments to pay close attention to digital currencies. He elaborated on the perks of emerging markets such as the crypto market and also discussed…

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