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Crypto News From Asia: Sept. 9–15

In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, government and industry officials secured important appointments, while new data shows the popularity of cryptocurrencies and their favored uses in Japan and China.  Expert: Bitcoin is most commonly used for remittances in China On Sept. 11, Cointelegraph Japan reported that Sunny Wang, Japan’s representative …

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At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

<header class=”article__header”> </header> <strong>In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession.</strong> Also Read: Money …

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Crypto Facilitates Money Transfer for Restricted China

</header> <strong>Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money …

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Circle CEO: No One in the World Is Any Closer to CBDCs than China

China has the most progressive approach to central bank digital currencies (CBDCs) to date, according to Circle CEO Jeremy Allaire. The only global bank to really care  Allaire said that China’s central bank has the most advanced thinking about CBDCs in an interview aired on Phoenix Chinese News on Sept. 9. According to Allaire, the …

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Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash

<header class=”article__header”> </header> <strong>Last Thursday the China-based mining rig manufacturer Bitmain announced the launch of two new Antminers that offer hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale started on Monday, first batch devices sold extremely fast and Bitmain expects to deliver units by mid-November. Meanwhile, the combined SHA256 hashrate …

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Trump’s Trade War May Be Driving Chinese Investors to Bitcoin

As the Chinese yuan falls in value due to factors like the ongoing trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin. According to a Bloomberg analysis of prices over 30 days, the negative correlation between the yuan and bitcoin has fallen to a record low in the …

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NYU report lists likely social media disinformation tactics for 2020

Sponsored Links Karl Tapales via Getty Images The 2020 US presidential election will serve as the ultimate test for social media platforms like Facebook and Twitter to prove they can combat fake news. But could they be fighting the last war? A report released by NYU’s Stern Center for Business and Human Rights argues that …

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Crypto News From Asia: Aug. 24–31 in Review

In the crypto space in Asia last week, new data concerning Bitcoin (BTC) use in Hong Kong shows that residents are using crypto to hedge against the possibility of capital restraints, while the Japanese Financial Services Agency (FSA) is undertaking new regulatory actions. Here is the past week of crypto and blockchain news in review, …

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US-China Trade War and Its Effect on Cryptocurrencies

The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project.  David Marcus, the head of Facebook cryptocurrency wallet Calibra, and known as the co-creator of the company’s venture into cryptocurrencies, had this to say …

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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

<header class=”article__header”> </header> <strong>Tether Holdings, the firm that issues tether (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a>), 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 …

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