Once hailed as the "Ethereum of China," Neo's token price has fallen on hard times ever since the world's most populous nation introduced a series of acute bans on cryptocurrency operations last year. In an exclusive interview with Cointelegraph, Neo's developers — who wished to remain anonymous — explained that partners run most projects sponsored by Neo Global Development, or … [Read more...] about ‘China’s crypto ban had little impact on Neo,’ says organization’s developers
Chinas
Major payments app WeChat to add support for China’s digital yuan
WeChat, China's largest messaging app and one of the country's most popular payment services, will start supporting the Chinese government's digital currency.On Jan. 6, 2021, Tencent announced that it will begin accepting digital yuan payments via its proprietary mobile wallet WeChat Pay, according to a local news report. China has been developing a digital yuan since 2014, and … [Read more...] about Major payments app WeChat to add support for China’s digital yuan
China’s central bank releases pilot version of digital yuan wallet
As China's central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores.The People's Bank of China (PBOC) digital currency research institute developed the "e-CNY (Pilot Version)" app, which was available for download on Chinese Android and Apple app stores on Tuesday in … [Read more...] about China’s central bank releases pilot version of digital yuan wallet
Bitcoin Dips as China’s Evergrande Defaults; Altcoin Outperformance Could Fade
“As of recent weeks, bitcoin has surfaced more like a risk asset – correlations against U.S. equities spike above 0.6 the past few days alongside the sell-off in technology stocks last Friday,” Lennard Neo, head of research at Stack Funds, a crypto investment firm, wrote in a report on Thursday. “However, crypto assets did not see the same rebound that U.S. equities had earlier … [Read more...] about Bitcoin Dips as China’s Evergrande Defaults; Altcoin Outperformance Could Fade
Billionaire investor signals disdain for Bitcoin while admitting admiration for China’s ban
Speaking virtually at the Sohn Conference in Sydney on Friday, Charlie Munger when asked for his opinion on China and its ban he agreed with the policy of the nation, praising the Chinese government for its action.Munger called Bitcoin disgusting only a few months agoSpeaking out against crypto earlier this year, Charlie Munger expressed his “disgust” towards Bitcoin and … [Read more...] about Billionaire investor signals disdain for Bitcoin while admitting admiration for China’s ban