Chinas new virtual currency

Chinese Tech Firm Meitu Invests $50 million in Bitcoin & Ether

Meitu, a leading Chinese technology company, confirmed recently that it has increased its cryptocurrency portfolio by 386 Bitcoin and 16,000 Ethereum. Meitu’s cryptocurrency assets are currently worth around $90 million...
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China Accounts 65% All Bitcoin Mining: Is It Planning To Halt It ?

Due to its inexpensive electricity, China accounts for about 65 % of all bitcoin mining worldwide, with Inner Mongolia responsible for around 8%. The United States, on the other hand,...
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United States vs China Currency War

Recently, news has come out of the U.S treasury labelling Switzerland and Vietnam as ‘currency manipulators’, a situation that Fyggex has covered lately in an article (click). This was not...
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Hong Kong New Crypto Regulations: A Crackdown On Fraud

Financial authorities around the world are still evaluating whether and how the cryptocurrency market can be controlled. The security of investors and the avoidance of money laundering are special concerns....
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Taiwan: Good Economic Health through COVID19

According to the international monetary fund, the global economy is expected to shrink by 4,9% this year, having some bright spots in certain Asian countries, like the case of Taiwan,...
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Hong Kong: Financial Hub At Risk

Since mid-2019, Hong Kong has taken hits to its economy, being affected by the US-China trade war and anti-government protests during the second half of last year presented a negative...
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Blockchain: Australian BHP & China Baowu Steel Done First Blockchain Iron Ore Trade Deal

Commodities companies have tried to save money over the past few years by using blockchain to digitize a market that still uses millions of paper records, but has faced obstacles....
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How To Make Sense Of China’s New National Digital Currency DCEP

How to make sense of China’s new national digital currency DCEP  Once again the spotlight is on China, the COVID-19 crisis is still highly present but The People’s Bank of...
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China To Expand Blockchain Cross Border Financing Pilot Platform

China will extend its blockchain cross-border funding pilot program. According to Reuters, Lu Lei, Deputy Head of the Foreign Exchange State Administration (SAFE), made his comments at a forum in...
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Onecoin scam!

Sometimes fiction becomes reality, best example is  Onecoin scam. The OneCoin virtual currency scam catches not only thousands of Finnish investors but many more across the globe. Overall, around 4.5...
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