Asian capital ‘fleeing on the bitcoin express’

Asian capital ‘fleeing on the bitcoin express’

Capital flight from Asia has been a major factor behind bitcoin’s ascent to new 2020 highs this month, according to analyst and TV presenter Max Keiser. The raging bitcoin bull, who has been imploring his viewers to buy the top crypto since it could be picked up for $1, believes ...

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Covid-19 to redefine B2B payment landscape in China

Covid-19 to redefine B2B payment landscape in China

While the Covid-19 pandemic has already accelerated businesses’ digital linkages to consumers, it has only just started impacting B2B commerce, where it has the potential to make seismic transformations. China’s saturated digital consumer market has seen Alipay and WeChat Pay grab over 90% market share with smaller players like Ping ...

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Digital yuan takes aim at Alibaba and Tencent

Digital yuan takes aim at Alibaba and Tencent

China’s central bank is optimistic that the digital yuan will help to loosen the grip tech giants Alibaba and Tencent have on digital payments, the Financial Times reported . The experimental central bank digital currency (CBDC), which it calls the DCEP (digital currency electronic system), is being tested in a ...

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World ‘eyes blockchain’ as US dollar declines

World ‘eyes blockchain’ as US dollar declines

Cryptocurrency advocates have long been keen to point to the weaknesses of fiat currency. Now an uncertain world rocked by a global health crisis and geopolitical flare-ups is bringing them into dialogue with the mainstream more than ever, writes Cointelegraph journalist Martie Huillet. In a tweet thread published on Aug. ...

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Bitcoin ‘will drop to $10K’ before rally resumes

Bitcoin ‘will drop to $10K’ before rally resumes

Despite being extremely volatile when compared to traditional asset classes, bitcoin ( BTC ) maintains a “market equilibrium” nature for the majority of the time, according to a recent report by cryptocurrency research firm Zubr. The report emerged just a few days after bitcoin rallied beyond the $12,000 mark and ...

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Blockchain: the potential to unlock financial inclusion

Blockchain: the potential to unlock financial inclusion

Libra Association member Novi’s rebrand of its digital wallet to ‘Novi’ - Latin for ‘new way’ – is a sign of our times , as the global financial system hurtles towards a digital future embracing new payment modes. The coronavirus pandemic has accelerated that transition as governments looks to minimise ...

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Ex-PBoC official sees expansive role for CBDCs

Ex-PBoC official sees expansive role for CBDCs

The former vice president of the People’s Bank of China envisions an expansive role for the digital yuan and other central bank digital currencies (CBDCs). Wang Yongli, who is now a director of the Haixia Blockchain Research Institute, said digital currencies are certainly a viable substitute for cash but stressed ...

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