Shanghai Clearing House adds support for digital yuan in commodity trading

Shanghai Clearing House, a financial institution under China’s central bank, has introduced digital yuan clearing and settlement services for commodity trading, enhancing cross-border transactions and promoting the internationalization of China’s currency.

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Post Shanghai: ETH Makes Price Gain, Institutional Investors Expected To Flood In

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What Is The Ethereum Shanghai Upgrade?

Ethereum is the 2nd largest digital asset and the largest platform blockchain in the world. It is set to undergo its first major network upgrade since the ‘Merge’ in 2022. So what is the Shanghai Upgrade and what does it mean for the ETH price?

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Ethereum's Shanghai Upgrade Will Help Layer 2 Networks, Crypto Investor Says

Max Williams, chief operating officer at Runa Digital Assets, says secondary blockchains are “already trending well” and the upgrade will spur more activity.

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Ethereum can look forward to this 'stress test' as Shanghai looms ahead

Galaxy Digital's Christine Kim discussed Ethereum's Shanghai upgrade on an episode of Unchained Kim believes unlocking of staked Ether, subsequent withdrawals will stress test the network ChThe post Ethereum can look forward to this 'stress test' as Shanghai looms ahead appeared first on AMBCrypto.

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China will gift digital yuan to its citizens to boost the economy after the lockdown

In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shanghai.

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China Reportedly Forces McDonald’s To Expand Digital Yuan Trials Ahead Of Winter Olympic Games

American fast-food restaurant chain McDonald’s is reportedly being pressured by China to expand the trial program of its digital yuan central bank digital currency (CBDC). According to a Financial Times report, digital yuan wallets are already being trialed as a payment option in over 250 McDonald’s stores in Shanghai.

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Shanghai Using Permissionless Blockchain to Pilot the Use of RMB for Cross-border Payments

Conflux’s permissionless blockchain will be used to test the digital RMB for cross-border payments in Shanghai’s Lingang Pilot Free Trade Zone. In July, China's central bank has approved the Lingang Pilot Free Trade Zone to test the free capital inflows and outflows.

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Shanghai Pilots Offshore Use of Digital Yuan on Conflux Blockchain

The city of Shanghai opened a blockchain research lab out of the Shanghai Maritime University for enhanced fintech innovation. The post Shanghai Pilots Offshore Use of Digital Yuan on Conflux Blockchain appeared first on BeInCrypto.

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Chinese Court Case Suggests That Bitcoin Is Virtual Property Protected by Law

A Shanghai court considers cryptocurrencies as digital properties, protecting associated contracts and agreements

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Shanghai Man: US senators tell athletes to avoid digital yuan, Chinese exchange volumes rebound … and more

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Shanghai Man: Economist says El Salvador 'on road to death', salaries paid in e-CNY ...

Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures.

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Shanghai Set to Airdrop Over $3 Million in Digital Yuan

Shanghai will be airdropping 55 yuan to 350,000 consumers in a lottery style system to further grow the digital yuan The post Shanghai Set to Airdrop Over $3 Million in Digital Yuan appeared first on BeInCrypto.

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Shanghai Man: 'Green-light' for miners? CZ not responsible for BSC, Uniswap frauds on TV

CZ claims Binance didn’t really make Binance Smart Chain, Beijing to distribute $6.2 million in free digital yuan, and miners speak out about clean energy mining

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Shanghai Man: Aping out of gorilla token, digital dollar Biden its time... and more

An up and down week filled with high volumes for animal tokens and a flurry of digital yuan news, capped by a large fundraising round for Babel Finance.

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Our Man in Shanghai: Huobi to become Grayscale of Asia, Yao Ming’s NFT wine and more ...

Huobi tackles the institutional market, you can now own an NFT of basketball star Yao Ming drinking red wine, and China’s digital yuan starts to target the private sector.

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Top banks in China Give Backing to the Digital Yuan

The major banking institutions based in Shanghai have aligned with the Digital Yuan over… The post Top banks in China Give Backing to the Digital Yuan appeared first on Coin Journal.

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China’s Latest Digital Renminbi Trial Targets 500k People Plus Cross Border Payments

The Chinese government is conducting fresh digital yuan tests in six new provinces including Shanghai, Hainan, Changsha, Xi’an, Qingdao, and Dalian. The government has increased the scope of this latest DCEP trial from the previous 50,000 to 500,000 users.

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Our Man in Shanghai: Filecoin the talk of the town, Polkadot and NFTs gain attention

Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay.

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Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks

Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet.

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Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike

Digital RMB testing for cross border payments and electric vehicles continues, sentiment takes a dive and blockchain events return to meatspace.

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China's DCEP to be tested in Beijing and Shanghai

China has been striving to release its own digital currency or Digital Currency Electronic Payment [DCEP] in 2021. According to recent reports, it has been actively testing its digital yuan in differeThe post China's DCEP to be tested in Beijing and Shanghai appeared first on AMBCrypto.

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Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021

The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report.

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Former PBoC Governor: China Doesn’t Have ‘An Ambition to Replace Existing Currencies’

China’s former head of the central bank said digital yuan could be useful for cross-border trade and support its efforts to promote yuan as an international currency. Zhou Xiaochuan, who stepped down as governor of the PBOC in 2018, spoke at the Shanghai Financial Forum on Friday.

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Suzhou Becomes the Latest City in China to Introduce Digital Yuan

According to reports from BTC in China, the city, just to the west of Shanghai, will be the second to roll out what’s being called a “red envelope” trial for the forthcoming digital yuan. Plans for Suzhou come on the heels of a pilot scheme run in Shenzhen last month.

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Alibaba Founder Jack Ma: Digital Currencies are the Future of Financial System

Alibaba Group founder Jack Ma talked about digital currencies, potentially playing an important role in building the financial system of the future. Ma at the Bund Summit in Shanghai said, “Digital currency could create value, and we should think about how to establish a new type of financial system through digital currency.

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China Launches Digital Bank Consortium Blockchain Investment Fund

A fintech company in China has launched a global digital bank consortium blockchain investment fund with the aim of creating a leading digital bank. China Turning Digital Cao Tong, Chair of Shenzhen’s Hande Financial Technology Holdings Co.

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China Cracks Down on Crypto Exchanges to Prevent Resurgence of Speculation

Regulators in China have yet again taken to cracking down on cryptocurrency exchanges just weeks after President Xi Jinping publicly promoting the blockchain technology reviving the digital asset speculation.

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Commercial Banks Should Increase Blockchain Application, Says China Central Bank Official

Commercial banks should step up the application of blockchain technology to embrace digital finance, Li Wei, the head of the People's Bank of China’s technology department, said at a forum in Shanghai on Monday.

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BitMart Established BMX 10 Millions Eco-Fund at “Night of Consensus”

Sep 17, 2019, Shanghai —— BitMart, a licensed premier global digital asset trading platform hosted the Pre-A round of equity financing reception and “Night of Consensus” at W Shanghai – the Bund Hotel.

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BitMart Established BMX 10 Millions Eco-Fund at “Night of Consensus”

Sep 17, 2019 Shanghai —— BitMart, a licensed premiere global digital asset trading platform hosted the Pre-A round of equity financing reception and “Night of Consensus” at W Shanghai - the Bund Hotel.

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China’s Central Bank “Ready” to Launch National Digital Currency 

An official at China’s central bank recently revealed the central bank’s readiness to launch the country’s central bank digital currency (CBDC) according to a report by Shanghai Securities News on August 10, 2019.

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BitMart Labs Hosts China Digital Economy Global Innovation Forum, Dedicated to Boosting China’s Blockchain Market

On March 24th, BitMart Labs, an international blockchain incubator launched by BitMart Exchange, will host the China Digital Economy Global Innovation Forum and BitMart One Year Anniversary Convention in Shanghai, China.

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CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike

Back in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter.

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Shanghai’s Point95 Global To Launch Cryptocurrency Trading Fund With Licensed Asset Manager

Shanghai Based Point95 Global To Launch Crypto Trading Fund A digital asset management firm based in Shanghai, Point95 Global, has disclosed that it will be launching a cryptocurrency trading fund. Co-founder and chairman Ye Jingyuan said that the firm is yet to reveal the name of the asset manager who will be running the trading […]

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$30M Shanghai-Based Cryptocurrency Trading Fund to Launch in Early 2019

Shanghai-based digital asset management company is reportedly set to launch a new cryptocurrency trading fund in partnership with an unnamed licensed asset manager in Hong Kong. Cryptocurrency Trading Fund: Arbitrage Strategy Point95 Global – a digital asset management firm based in Shanghai, is reportedly planning to set up a new cryptocurrency trading fund in partnership with an unnamed licensed asset manager in Hong Kong.

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JRR Crypto Launches Token Design Competition - [BTC Media Sponsor]

In a collaboration with LongHash and BTC Inc, JRR Crypto has launched an international token design competition. Beginning on October 26, 2018, JRR Crypto launched this design competition at a multiday festival in Berlin.

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OKEx Founder Released After Questioning in Connection With Suspected Coin Fraud

The founder of cryptocurrency exchange OKEx was detained for questioning on September 10, 2018, by Shanghai police to investigate a case of suspected digital currency fraud related to WFee coin.

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China and Australia to Strengthen Blockchain Ties

A number of reputable Australian blockchain startups including Beam, AgriDigital, and Labrys, are currently visiting Shanghai to work on a trade mission led by Austrade and the Australian Digital Commerce.

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