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Tencent Wants to Explore use Cases for Digital Currencies

Cryptocurrencies and digital assets are of great interest to numerous companies. In China, Tencent aims to venture deeper into this ecosystem. It is a remarkable decision for the Chinese internet giant and parent company of WeChat. Tencent Explores Digital Currencies Exploring and researching new use cases for cryptocurrencies remains a somewhat controversial approach. Company employees...
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Chinese Tech Stocks “Maxed Out” after Xi Jinping Touts Blockchain

As Chinese President Xi Jinping highlighted the potential of blockchain, it positively influenced the stocks of Chinese tech companies. Stocks in Chinese blockchain A-share companies “maxed out” to their 10% daily limit after a president Xi Jinping focused the attention of the public to the potential of the technology encouraging digital currencies, increasing the rise...
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WeChat Search Volume Regarding Blockchain Spikes 1,200 Percent

WeChat search volume about blockchain spiked by more than 1,200 percent after the President of China said the country should embrace blockchain technology to speed up the technological innovation in the country. Let’s learn more about it in the blockchain news today. The announcements seem to have spiked the interest in the cryptocurrency and blockchain...
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Binance to Introduce First Fiat-Crypto Trading Pair with Russian Ruble

Binance CEO Changpeng “CZ” Zhao announced that they are preparing for launching fiat options, including the Russian ruble. Popular crypto exchange Binance which has been working on a fiat trading solution for its customers is finally ready to launch. To kick-start this innovation, the exchange will work with Russian rubles in the beginning phase. This interesting...
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Bitcoin proponent talks about dangers of centralized cryptocurrencies

From banning Bitcoin [BTC] and other cryptocurrencies to launching its own digital currency, China’s recent developments have prompted policymakers across the globe to take a second look at cryptocurrencies. The country’s venture into the digital currency space with the introduction of Central Bank Issued Digital Currency [CBDC] was one of the topics discussed by Michael...
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Binance’s Peer-to-Peer Trading in China is Great for Everyone

Cryptocurrency exchange platform Binance launched its P2P trading facility for trading cryptocurrencies against the Chinese Yuan. This way, the company is opening a kind of a “safe space” for Chinese traders who want to trade cryptos. Two days ago, the biggest cryptocurrency exchange in the world in terms of trading volume, Binance announced it’s launching...
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Binance Unveils XRP/BNB Trading Pair Now Available on Binance DEX

Binance has made an official announcement that an XRP/BNB trading pair is now open on its decentralized platform Binance DEX and available for trading. The chief among other cryptocurrency exchanges by volume, Binance, released a statement on Thursday to notify all and sundry that a new trading pair has been included in its decentralized exchange...
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Binance Launches P2P Trading in China With Support for Alipay and Wechat

Cryptocurrency exchange Binance has launched peer-to-peer trading in China. The platform supports traders making transactions between themselves using the dominant Chinese payment apps Alipay and Wechat Pay. News of the matter forced Alipay to publicly claim it stops transactions if they are discovered to be related to cryptocurrency. Also Read: Tether Created ‘Largest Bubble in...
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Alipay and WeChat Bow to Beijing Refusing to Play With Crypto

The announcement that the world’s top crypto exchange had opened two new fiat on-ramps for China was bullish for overall adoption prospects. However, as expected the pressure of Beijing has been too much for the platforms which have already stated they will not tolerate crypto payments. China Still Hates Crypto One hand gives and the...
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Binance Adds P2P Platform for Chinese Investors, Supports Alipay and WeChat

Leading cryptocurrency exchange Binance has added support for Chinese users of WeChat and Alipay, circumventing a Chinese ban on cryptocurrency exchanges by launching a P2P service that is accessible by Chinese citizens. Binance’s P2P trading capability was announced October 9, 2019, giving Chinese investors the ability to trade bitcoin, ether and tether against the Chinese...
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Alipay Torches Binance CEO as False Bitcoin Rumors Fester

In what can only be described as a virtual slap in the face, the Chinese mobile payment platform, Alipay, strongly rebuked bitcoin exchange giant Binance for attempting to implement Alipay as a fiat on-ramp. Did Alipay Reverse Its Bitcoin Ban? New payment options for peer-to-peer (P2P) crypto trading on Binance’s mobile app came to fruition...
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Binance Will Support WeChat And Alipay For Bitcoin Purchases

Photo: Coinspeaker Recently, Binance has announced that they will add two more fiat-to-crypto gateways, hence WeChat and Alipay. With this move, citizens of China now will be able to purchase Bitcoin, with these two payment options. Changpeng Zhao, the CEO of Binance, confirmed this news on his Twitter account: YES https://t.co/dnHKQSLvS4 — CZ Binance (@cz_binance)...
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Binance Now Accepting Fiat Through Alipay, WeChat

news Binance is now accepting fiat through Alipay and WeChat, opening up the exchange to peer-to-peer (P2P) crypto transactions from China. The move follows a September announcement concerning the exchange’s intention to add over-the-counter (OTC) trade options for an additional fiat on-ramp. Although an expected development, the move was first disclosed on Twitter and later confirmed...
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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...
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Crypto Facilitates Money Transfer for Restricted China

Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal for nationals to send over $50,000 in fiat money in a day, without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that...
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Alibaba Founder and Chairman Jack Ma Officially Retires

Jack Ma, who is one of the technology heavyweights of all time is stepping down after a prolific career as founder and Chairman of the Alibaba Group. He is known to have been steered Alibaba from idea to startup to Global Technology giant. Prolific Billionaire Jack Ma has stepped down as Chairman of Alibaba. After...
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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch...
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Africa could emerge as the battleground between Facebook and China as digital currency race heats up

Ever since Facebook announced its plans to launch its own cryptocurrency, the world’s regulatory and financial space hasn’t been the same. However, the news cycle about Libra was soon overtaken by lawmakers and regulatory bodies voicing their grave concerns about the same, while also highlighting Facebook’s own problematic history. What is missing however from the...
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Austria’s Telecom Giant A1 Announces Accepting Cryptocurrency Payments

Photo: A1 Austria’s telecommunications giant and the country’s largest mobile service provider A1 has officially announced accepting cryptocurrency payments at some of its store locations across Austria. In the official announcement, A1 states that in its pilot project, they will accept cryptocurrency payments at some A1 shops while demonstrating global businesses that integrating digital currency...
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Facebook’s WhatsApp Plans to Launch Mobile Payments in Indonesia

Facebook Inc further extends its reach towards establishing its dominance in the Asian market. Having that it’s instant-messaging app – WhatsApp partners with multiple Indonesian digital payment firms to offer their mobile transaction services. Indonesia has an estimated value of 260 million people. Been that the nation enlists among the top-five largest markets for WhatsApp,...
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