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China has been quietly building a blockchain platform. Here's what we know

China has been quietly building a blockchain platform. Here’s what we know

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China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Moment | Getty Images Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019, …

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Regulators are growing anxious about stablecoins after Terra’s stunning collapse

Regulators are growing anxious about stablecoins after Terra’s stunning collapse

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The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSD, an “algorithmic” stablecoin that’s meant to be pegged one-to-one with the U.S. dollar, has erased much of its value this week …

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