Chinese Social Network Tianya is Launching a Native Cryptocurrency

The Tianya Community in China, a social network of 130 million users that seeks to create the country’s most influential platform for content and knowledge creation, has announced a blockchain based initiative to rebuild its ecosystem. The new ecosystem will launch on Aug. 8 and will make use of a blockchain based token, TYT, according …

Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform

The Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. CCN first reported the Hong Kong’s de facto central bank’s initiative back on March 30. At the time, the bank unveiled a proof-of-concept (PoC) …

Bank of Korea Opposes Central Bank Digital Currency

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The Bank of Korea (BoK) has revealed it is against the idea of issuing a central bank digital currency following a feasibility review. South Korea’s central bank isn’t keen on issuing a central bank digital currency (CBDC) citing concerns related to its impact on …

China Ranks Ethereum as the World’s Best Blockchain Network, Bitcoin at No. 13

Join our community of 10 000 traders on Hacked.com for just $39 per month. On May 17, China’s Ministry of Industry and Information Technology released its public blockchain ratings, ranking various blockchain projects like Ethereum in the global cryptocurrency sector based on three criteria: technology, application, and innovation. Bitcoin at #13 As shown in the …

An Inside Look At China’s Government Controlled Cryptocurrency Project

Join our community of 10 000 traders on Hacked.com for just $39 per month. China, a country that has exerted more control over cryptocurrency than most, continues to move forward in its efforts to introduce a government-controlled cryptocurrency. A group of Shanghai reporters recently got a chance to learn about this secretive project during the …

Twitter to Ban Cryptocurrency-Related Ads, With Limited Exceptions: Report

Join our community of 10 000 traders on Hacked.com for just $39 per month. Twitter may be the next platform to ban cryptocurrency-related ads, following the footsteps of Google and Facebook. According to Sky News, Twitter’s ad ban would go into effect in two weeks. The microblogging platform will reportedly block ads from initial coin …