Beijing, June 25: As cryptocurrencies falter under the global slowdown, China’s state-run newspaper Economic Daily has warned investors that the price of major cryptocurrency Bitcoin is “heading towards zero”. The warning came as the cryptocurrency market continued to face a slump with Bitcoin hovering around $21,000 per digital coin on Saturday – a substantial drop … Read more
From Project Syndicate, by Georges Magnus – For more than three decades, the global economy has been defined by unbridled integration and unprecedented interdependence. Neither political disputes nor localized wars could slow the train of globalization. Markets were markets, business was business, and multinational corporations became more multinational. Not anymore. In this new era of … Read more
Advertising Beijing, June 25: As cryptocurrencies falter under the global downturn, China’s state-run newspaper Economic Daily has warned investors that the price of major cryptocurrency Bitcoin is “heading towards zero.” The warning came as the cryptocurrency market continued to face a slump with Bitcoin hovering around $21,000 per digital coin on Saturday – a substantial … Read more
A new report has highlighted the Chinese government’s recognition of the new threat posed by cryptocurrencies to facilitate drug trafficking. The 2021 report says the government has identified a shift in the flow of drug money from online bank transfers to cryptocurrencies as a new phenomenon, according to a Chinese media outlet. nncc626 announced June … Read more
The policy also covers secondary NFT commerce, as the company notes that “accounts that provide services or content related to the secondary transaction of digital collections must also be addressed.” China’s leading social media platform, WeChat, has updated its policies to ban accounts that provide access to cryptocurrency or NFT-related services. Under the new guidelines, … Read more
Cryptocurrencies are banned in China, but non-fungible tokens (NFTs) are not. The data indicates that the adoption rate of NFTs is growing and the Chinese increasingly want to get into the field. And as you can imagine, platforms offering offers related to NFTs are not long in coming. The Rise of NFT Popularity in China … Read more
China’s largest photo and video provider, Visual China Group, is currently testing an NFT platform. The VCG project with its new platform The new Visual China Group (VCG) project is quite well advanced. According to the information circulating, a beta version of its new platform is already available and is called “Vault by 500px”. It … Read more
China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to build capacity in the industry. Yuichiro Chino | time | Getty Images Chinese President Xi Jinping has said his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019, the Chinese … Read more
Les travaux de construction ont débuté en mars 2022 pour le premier système EVx de 100 MWh conçu pour assurer la résilience du réseau et la fourniture d’énergie renouvelable au réseau national chinois Energy Vault Holdings, Inc. (NYSE : NRGV, NRGV WS) (“Energy Vault”), un chef de file des solutions de stockage d’énergie durable à … Read more
The hypothesis of a confinement of the population in Beijing is becoming clearer as the number of confirmed contaminations with Covid-19 exceeded 100 cases on Wednesday. But such a solution after the quarantine of Shanghai residents for more than a month has a potentially very high economic and political cost. The threshold of 100 cases … Read more