Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain

Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb. 23. Dubbed the Multiple Central Bank Digital Currency Bridge — or m-CBDC — the project sees the Hong Kong Monetary Authority, the Bank of Thailand, the Central Bank of the United … Read more

Ant-backed MYbank to help China expand digital yuan trial

China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb. 22 Bloomberg report, MYbank and WeBank will help the People’s Bank of China extend its user exposure in the ongoing pilots of its central bank digital currency, the digital … Read more

Clubhouse suffers breach as outside developer pulls audio to website – SiliconANGLE

The hot audio-based social app Clubhouse has apparently suffered a data breach, as a third-party developer designed an open-source app that allowed Android smartphone users to access the invite-only, iPhone-only service. Launched in March 2020, Clubhouse is an audio-based social app that allows users to join group chats spontaneously. It raised $100 million in funding … Read more

Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’ – Mining Bitcoin News

A Chinese tea retailer is looking to make its inception into the bitcoin mining business. Publicly-listed Urban Tea announced the expansion of its operations by appointing two executives to pursue its crypto plans. Urban Tea Praises Cryptocurrencies’ Widespread Popularity Per the announcement, Urban Tea Inc. hired Fengdan Zhou as the company’s new chief operating officer … Read more

Russian Crypto Mining Companies Are Expanding Capacity as the Country Becomes a ‘Preferred Hotspot’ – Mining Bitcoin News

Crypto mining operations have been witnessing some changes within the industry in terms of locations. A recent interview with the CEO of the mining giant Bitriver, revealed that Russia is becoming a preferred hotspot for crypto miners. Russian Mining Giant to Build Two Additional Facilities to Cope With the High Demand According to Igor Runets, … Read more

US Lawmakers Looking Into China’s Role in GameStop Pump: Report – BTCNN

Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo. Story… Back link US Lawmakers Looking Into China’s Role in GameStop Pump: Report – BTCNN Bitcoin Casino bonus $20 Sign Up NOW Sign Up Now and get $25 Free … Read more

US Lawmakers to Question China’s Role in GameStop Pump – CoinDesk

U.S. lawmakers are set to question a trader named Keith Gill and the chief executives of Reddit and Robinhood about their roles in the GameStop frenzy at a congressional hearing later this week. But some have another concern: whether China is involved.  Several Republican lawmakers on the House Financial Services Committee plan to examine Reddit’s … Read more

Publicly-Listed Chinese Lottery Firm Acquires Bitcoin Mining Pool – Mining Bitcoin News

A U.S. publicly-listed Chinese sports lottery firm is extending its arms into the crypto industry by announcing another related maneuver. Ltd announced it has acquired, the well known bitcoin mining pool. Jihan Wu Is the ‘ Biggest Beneficial Owner’ of the Mining Pool Per the announcement, the online lottery service provider bought the … Read more

Chinese bank tests biometric hardware wallet for digital yuan payments

China’s large-scale digital yuan testing across several cities continues to gather pace with some financial institution leading the development of hardware wallets for the central bank digital currency. According to news agency Xinhua, the Postal Savings Bank of China has created a biometric hardware wallet for the project. The biometric hardware wallet enables easy identity … Read more

SOS Limited Stock Price Jumps 200% as Company Receives 5,000 Crypto Mining Rigs

Bitcoin and most alternative coins are not the only crypto-related gainers during the ongoing bull cycle. The price developments have pushed numerous industry companies to see stock increases, including Chinese mining firm SOS Limited, which also received an endorsement from Shark Tank’s Kevin O’Leary. SOS Limited Recent Developments With a membership base of about 20 … Read more