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Blockchain Cryptocurrency News

Russia, China, And Other BRICS Members Consider Launching Cryptocurrency For Payments

Russia, China, as well as the other members of the international group of emerging nations BRICS, which include India, Brazil, and South Africa, plan to create a cryptocurrency designed for payment settlements. BRICS Contemplating A Cryptocurrency BRICS is an international group of emerging nations that includes some of the world’s most prominent economies. Namely, these Read more…

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Binance Bitcoin Cryptocurrency News

Binance Adds WeChat/Alipay On-ramps and P2P Bitcoin Trading In China

Binance yesterday announced the Chinese launch of its P2P trading service, with the slug-line, ‘anything that makes it easier to get crypto’. One thing it didn’t announce, but head honcho, CZ, later confirmed on Twitter, was the addition of fiat on-ramps via WeChat and Alipay. Easier to get crypto, indeed. Binance Focuses on China Market The launch of Read more…

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Cryptocurrency News Market

China’s State-Backed Cryptocurrency: ‘Gaining Momentum’ Or ‘Inaccurate Speculation’?

China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called speculation on an upcoming launch ‘inaccurate speculation’. Then yesterday, it published an article suggesting that plans are gaining momentum, with a pilot-scheme in Shenzhen imminent. Read more…

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Blockchain Cryptocurrency News

Indian Firms Big on Blockchain But Gov’t Still Myopic on Crypto

It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain platform, yet lawmakers remain myopic about cryptocurrency. World’s Biggest Blockchain Platform In a series of announcement at the Reliance annual general Read more…

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Bitcoin Cryptocurrency News

Bitcoin Is Now The 11th Largest Money In The World

As helpfully tweeted by the trader and analyst known as Rhythm, Bitcoin is now the 11th largest money/monetary supply in the world. That’s pretty impressive for a 10-year-old upstart, created from an anonymously published 9-page whitepaper. Less Is More, More Or Less Bitcoin’s mathematically limited supply has seen it being increasingly used as a store of Read more…