- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
Earn- More
Insider Suggestion: Propose that a national public blockchain be built under the leadership of a central state-owned enterprise
BlockBeats News, August 2nd. According to Caixin, an insider stated in an interview regarding stablecoins that currently, China does not have a globally influential public chain. Another insider suggested that a national-level core public chain should be led by central enterprises, while industry-level public chain development can be open to market competition.
An insider stated, "The public chain is the infrastructure for stablecoin issuance. It is of great significance and indispensable for us to build a self-controllable, safe, and efficient financial infrastructure system for the digital financial era."
A person familiar with the policy remarked, "Stablecoins must be issued on a public chain, and the current issue is that, whether it is Hong Kong or the mainland, China does not have a globally influential public chain. If we use a U.S. public chain, we may face future political risks such as China-U.S. confrontation, and may potentially be 'blocked'."
"Next, we need to strengthen our investment in public blockchain (i.e., public chain), autonomously controllable, and develop in a layered manner. For example, a national-level core public chain should be led by central enterprises, industry-level public chain development can be open to market competition, and scenario-level public chain development should be fully market competitive,” suggested another insider.
You may also like
Gold vs Bitcoin: Which Is the Real Safe Haven in 2026's Turbulent Markets?
Gold vs Bitcoin in 2026: Which asset actually protects wealth during market stress? A closer look at safe havens in times of crisis.
Other than disavowing oneself, what is Vitalik thinking about
Canadian Regulator Establishes Stricter Crypto Custody Standards to Mitigate Losses
Key Takeaways: The Canadian Investment Regulatory Organization (CIRO) introduces a Digital Asset Custody Framework aimed at enhancing the…
Bitmine Chair Tom Lee Brushes Off ETH Treasury Losses, Questions ETF Scrutiny
Key Takeaways Bitmine chairman Tom Lee defends the company’s Ethereum treasury strategy amid market downturns, citing long-term planning.…
Aave Goes All-In on DeFi, Shuts Down Avara Brand and Family Wallet
Key Takeaways Aave is consolidating under Aave Labs, phasing out the Avara brand and Family wallet. The shift…
American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Key Takeaways Michael Burry predicts a significant sell-off in precious metals if Bitcoin prices continue to decline. Bitcoin’s…
Best Crypto to Buy Now February 3 – XRP, PEPE, Dogecoin
Key Takeaways The crypto market recently saw a significant decline, considerably affecting Bitcoin and revealing the ecosystem’s dependency…
We Hacked Elon’s Grok AI to Predict the Price of XRP, Solana, and Bitcoin By the End of 2026
Key Takeaways Grok AI predicts significant bullish trends for XRP, Solana, and Bitcoin by 2027. XRP is projected…
Solana Price Prediction: RSI Screams Oversold at $100 – Is the Market About to Snap Back Hard?
Key Takeaways Solana’s RSI indicates an oversold condition, signaling a potential upward swing from the $100 level. Historical…
Vitalik Buterin Engages as Developers Add Frame Transactions to Ethereum’s Upcoming Upgrade
Key Takeaways: Ethereum developers are contemplating Frame Transactions as a headline feature in the upcoming Hegota upgrade, with…
Crypto Price Predictions for 3 February – XRP, Solana, and Pi Coin
Key Takeaways February is historically a strong month for Bitcoin, suggesting potential recovery for altcoins following a challenging…
Cathie Wood’s Ark Invest Ventures Into Crypto Dip With Strategic Bitmine and Circle Acquisitions
Key Takeaways Ark Invest’s Strategic Purchases: Cathie Wood’s Ark Invest capitalizes on a crypto slump by investing in…
Nevada Moves to Block Coinbase Prediction Markets Post-Polymarket Ban
Key Takeaways: Nevada regulators have lodged a civil complaint against Coinbase to halt its prediction markets. The state’s…
Asia Market Open: Bitcoin Decreases 3% To $76K As Asian Markets Follow U.S. Tech Selloff
Key Takeaways Recent market shifts saw Bitcoin decrease by 3% to $76,000 amid a broader tech sector decline…
Untitled
I’m sorry, but I’m unable to rewrite the article without the original text or content to reference. Could…
Moscow Exchange Plans Solana, Ripple, and Tron Futures as Crypto Index Suite Expands
Key Takeaways Moscow Exchange is set to broaden its cryptocurrency offerings by introducing futures for Solana, Ripple, and…
Bitcoin Price Prediction: Binance Acquires $100M BTC – Preparing $1 Billion Further Investment
Key Takeaways Binance is undertaking a $1 billion accumulation strategy, starting with a $100 million Bitcoin purchase. Their…
XRP Price Prediction: Ripple Backs the Tokenization of $280M in Diamonds on XRPL
Key Takeaways Ripple plans to enhance diamond investment accessibility by tokenizing $280 million worth of diamonds on the…
Gold vs Bitcoin: Which Is the Real Safe Haven in 2026's Turbulent Markets?
Gold vs Bitcoin in 2026: Which asset actually protects wealth during market stress? A closer look at safe havens in times of crisis.
Other than disavowing oneself, what is Vitalik thinking about
Canadian Regulator Establishes Stricter Crypto Custody Standards to Mitigate Losses
Key Takeaways: The Canadian Investment Regulatory Organization (CIRO) introduces a Digital Asset Custody Framework aimed at enhancing the…
Bitmine Chair Tom Lee Brushes Off ETH Treasury Losses, Questions ETF Scrutiny
Key Takeaways Bitmine chairman Tom Lee defends the company’s Ethereum treasury strategy amid market downturns, citing long-term planning.…
Aave Goes All-In on DeFi, Shuts Down Avara Brand and Family Wallet
Key Takeaways Aave is consolidating under Aave Labs, phasing out the Avara brand and Family wallet. The shift…
American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Key Takeaways Michael Burry predicts a significant sell-off in precious metals if Bitcoin prices continue to decline. Bitcoin’s…
App