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Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC – Bitcoin News

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Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC – Bitcoin News


China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, Ant Group, and Tencent have been bolstering the venture.

China’s Digital Yuan Is Seemingly Near Completion, JD.com Employees Paid in e-CNY

China’s central bank digital currency (CBDC) that’s being crafted by the People’s Bank of China (PBoC) has many names. Some are calling it the “e-CNY,” others call it the “digital yuan” or “digital renminbi,” and it’s also been called “Digital Currency Electronic Payment” (DCEP).

The country has been developing a CBDC for years now and in more recent times, the PBoC has unveiled the project via banks and businesses accepting it and giving away digital red envelopes.

At the end of March, it was announced that Chinese citizens could apply for a digital yuan wallet through six state-owned financial institutions. The PBoC is now working with the e-commerce firm JD.com and with the help of Alibaba, as some of JD.com’s staff have been getting their salary in the form of the digital yuan.

Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC

Reports note that JD.com employees who are participating in the trial started the program back in January. It’s not JD.com’s first test run with the CBDC either, as the company participated in airdrop promotions and Chinese citizens could use the digital currency to pay for items hosted on the online store.

Additionally, Alibaba Group has been involved as well prior to the employees getting paid with the CBDC, as the central bank has been working directly with a fintech affiliate of Alibaba Group called Ant Group.

Alibaba Group, Tencent, and Ant Group Are Some of the PBoC’s Key Players

A recent voanews.com report insists that both Tencent and Ant Group have been bolstering the CBDC build for the last three years. In addition to working with Ant Group, reportedly the digital yuan leverages Ant’s database called “Ocean Base.” Ant Group spinned off Ocean Base in June 2020, when it launched a self-developed database service and mobile development platform called mPaaS.

In March, Bitcoin.com News reported on when the head of the People’s Bank of China-run Digital Currency Research Institute, Ma Changchun. The PBoC official said the digital yuan won’t be fully anonymous, but may offer “controllable” privacy protection. In the end, however, the Communist Party is in control, Francis Lun, CEO of Geo Securities Ltd. in Hong Kong recently explained.

“The Chinese authorities are telling Ant that you should hand over your big data to the central bank,” Francis Lun emphasized. “The data won’t remain in private hands since the Communist Party is the boss.”

Mastercard Wants to Process Cross-border Digital Yuan Transactions

JD.com, Ant Group, and Tencent have all been key players when it comes to China’s CBDC, but now Mastercard wants in as well. The South China Morning Post (SCMP) has detailed that Mastercard wants a role in China’s CBDC by helping with cross-border transactions.

Mastercard’s co-president for Asia-Pacific, Ling Hai, explained to SCMP in an interview that the payments company is waiting for regulatory approval to invoke an onshore card business with the digital yuan. Mastercard is already doing this with the central bank in the Bahamas as the Caribbean island recently issued a sovereign digital currency called the “sand dollar.”

In 2020, the PBoC approved Mastercard’s application to join the venture and currently, the payment company is working with China’s regulators to obtain a license.

“Once we get the license, our priority is to help people understand that our brand is also synonymous with the domestic Chinese market,” Mastercard’s Asia-Pacific executive Ling Hai concluded.

What do you think about China’s CBDC? Let us know what you think about this subject in the comments section below.

Tags in this story
Alibaba, Ant Group, Ant’s database, bahamas, CBDC, Central Bank, central bank digital currency, China, chinese banks, DCEP, DCEP Wallet, Digital, Digital Red Envelopes, Digital Yuan, e-CNY, Francis Lun, JD.com, JD.com employees, Ling Hai, MasterCard, PBOC, People’s Bank of China, tencent

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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How To Instantly Convert Ethereum (ETH) To Dogecoin(DOGE)? [Safely]

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How To Instantly Convert Ethereum (ETH) To Dogecoin(DOGE)? [Safely]


Mark Sheppard

It looks like you have got to know about the secret of changing Ethereum into Dogecoin for disappearing in cyberspace with your money.

For those of you who don’t know what I am talking about, here is the thing.

I understand, your reason for exchanging or converting ETH to DOGE might be something else. But whatever it is, you need to do this exchange with extreme caution because crypto transactions are irreversible, and with Dogecoin’s functionality, you can do so much more with it.

So to help you out precisely with that we have come up with this step by step guide on converting your ETH into DOGE in the least possible time with safety.

We have chosen, Cryptmixer cryptocurrency swap service for this tutorial because it is one of the most user-friendly services to exchange one currency to another.

Let’s jump right into the step by step process:

Step #1. Go to Cryptmixer.com [No KYC & No Sign-up]

You should see this screen where you can select DOGE and ETH pairs as shown in the below image. Do mention the correct amount of ETH you want to exchange for DOGE. Doing this will automatically show you the amount of DOGE you will be receiving after the conversion is complete.

Step #2. Here click on the ‘Exchange’ option shown in the above image to see the below-shown screen. You can even change the amount of ETH you wish to exchange here too. The exchange fee is set to 0.05% of the transaction.

Here they will ask you for your Dogecoin address. If you don’t have the Dogecoin address, we suggest you choose a wallet from some of these best Dogecoin wallets and get a Dogecoin address for yourself. This is the DOGE address on which you will get your Dogecoin coins in exchange for Ethereum.

Step #3. After adding the Dogecoin address, click on the ‘Next’ button shown in the above image. Once you do that you will be shown details of your conversion such as DOGE address, fees, time for conversion, etc. Verify the details intently on this page before moving forward for the actual exchange.

Step #4. Once you have checked all the details, click on ‘Start’ shown in the above screen.

You should now see a screen asking you to send the ETH first on a given address. Don’t worry; this is how it is supposed to work when you use Cryptmixer. You need to provide the relevant currency first after which you receive the other currency. Take out your Ethereum wallet and put the shown address to send your Ethereum on it.

Note: You have 24 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of ETH/DOGE pair changes.

Step #5. As soon as you send your Ethereum to the shown address, you will start seeing this screen ‘transaction is being confirmed.’ It means your transaction is processing and will be confirmed by the Ethereum blockchain soon. Usually, it takes 3 confirmations for depositing Ethereum which can take up to an hour in case of congestion on the blockchain.

The swapping process itself happens almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:

  • Getting confirmations

Step #6. Wait with patience, and as soon as your conversion from ETH to DOGE is completed, you will see this screen showing you all the details of the transaction.

You can check your transaction details on the respective blockchain also.

Congratulations, Tada….!!! You have done it

Some people mistake this for sending Ethereum to Dogecoin network and think that its Dogecoin’s blockchain that is doing the conversion for them.

But that’s far from reality.

In this conversion powered by Cryptmixer, it acts like a mediator who facilitates the conversion of ETH to DOGE. Moreover, Cryptmixer is worth relying on such exchanges because it has made a name for itself doing the same for last 5 years in this industry

So what are you thinking?

Note: We have used the example of ETH and DOGE in this tutorial, but the process of converting any other currency to another one is the same, so feel free to try out Cryptmixer for that too !!

If you liked this guide, please share it with your friends & family member who wishes to exchange ETH to Dogecoin or vice versa !!



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While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars – Op-Ed Bitcoin News

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While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars – Op-Ed Bitcoin News


This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number of fiat currencies including the U.S. dollar. One could even go as far as to say that the American dollar alone has left boot prints on large groups of humans over the years and desecrated entire countries.

Musk and Dorsey Still Use US Dollars When They Know the Currency Leverages Massive Amounts of Carbon and Military Force

Elon Musk and his electric car company Tesla ignited a ferocious debate over bitcoin mining and how it affects the global environment. Similarly, the founder of Square and Twitter, Jack Dorsey, added fuel to the argument when his company’s CFO said the payment firm has no current plans to buy more bitcoin (BTC).

Dorsey then tweeted that “changes *everything*…for the better” and further added, “we will forever work to make bitcoin better.”

However, people have been questioning Musk and Dorsey’s stance, as the two have not discussed the carbon used by the U.S. dollar or the military violence that is tethered to the American currency. Despite the dollar’s obvious problems, Musk and Dorsey’s companies have accepted USD without hesitation.

Moreover, Musk himself has been called out over hypocrisy. The popular stock-to-flow creator “Plan B” shared a photo with Musk of a Tesla car using energy that derived from power stemming from a coal facility in North Dakota.

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
While ASIC miners are used to process blocks via Bitcoin’s proof-of-work (PoW) system, many people believe the U.S. dollar’s PoW system is backed by a massive carbon footprint and military violence.

It is well known that the U.S. dollar is tied to violence and manipulation that is bolstered by the military-industrial complex. In fact, most people believe the American military occupation abroad and more specifically in the Middle East has been kept there to maintain the U.S. hegemony and petro-dollar.

After Franklin D. Roosevelt (FDR) quite literally flipped the American economy upside down, global financiers invoked the Bretton Woods pact which was the first step in establishing the petro-dollar. These days a great number of economists and analysts have said on multiple occasions that the petro-dollar and the U.S. hegemony is over.

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
Many people believe that the U.S. military maintains its force to keep the U.S. dollar going strong. In order to do so, the U.S. military consumes more carbon than most entities on earth.

People should ask if Musk and Dorsey have contemplated the proof-of-work behind the U.S. dollar and the petro-dollar’s effects on the global economy. It’s well documented that the American dollar’s consensus algorithm is backed by violent measures and sanctions.

The U.S. dollar has made it so America has been a bully of other nations and feels the need to step in as the world police. But environmentalists have added zero concerns about the U.S. dollar and they gladly accept USD to fund their goals. The founder of Watchdog Capital, Bruce Fenton tweeted about this hypocrisy on Friday. Fenton said:

An M1 Abrams tank uses jet fuel that costs $5 a gallon (3-10x delivered). It burns a gallon a minute when driving, a gallon every 5 min when idle. In Afghanistan, they leave the tanks on all night. The war has been going for two decades. Don’t @ me about Bitcoin energy usage.

Study Shows the Protector of the Petro-Dollar Is a Bigger Polluter Than as Many as 140 Countries

Fenton’s critique is quite valid, but people like Elon Musk or Jack Dorsey have yet to address such subjects. The U.S. military, which keeps the dollar going strong, depends on massive amounts of fuel and has one of the largest carbon footprints on earth. This fact is well documented and the U.S. military cannot escape the massive amounts of carbon it uses on a daily basis.

“U.S. military spending is greater than the total military spending of the next seven countries combined: China, Saudi Arabia, India, France, Russia, United Kingdom, and Germany,” explains data from Street Smart Economics. In fact the “price we pay for militarism” is colossal but the U.S. government sweeps it all under the rug.

“This kind of information is readily available,” Street Smart Economics’ author Martin Hart-Landsberg details. “The military’s contribution to global warming is not. One reason is that because of U.S. government pressure, the governments negotiating the 1992 Kyoto Protocol agreed that emissions generated by military activity would not count as national emissions and would not have to be reported. As a consequence, the Intergovernmental Panel on Climate Change, which produces one of the world’s most trusted reports on the rate at which climate change is occurring, does not include national military emissions in its calculations.”

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
The U.S. military not only leverages carbon every second of the day, but it also burns enormous amounts of chemicals and trash. When the burn pit story broke in October 2008,” explains Kelly Kennedy. “The military burned 250 tons of trash a day in an open pit at Joint Base Balad in Iraq, dioxin, the same Agent Orange chemical notorious for sickening service members during the Vietnam War, drifted through the air in a black plume to poison the air of troops living nearby.”

On June 24, 2019, the website theconversation.com tried to initiate a conversation about U.S. military spending and its carbon footprint. The three authors Benjamin Neimark, Oliver Belcher, and Patrick Bigger show data that indicates “the U.S. military is a bigger polluter than as many as 140 countries.” The researchers’ study highlights how the U.S. military leverages carbon-based fuels more so than any entity in history.

“The U.S. military is one of the largest polluters in history, consuming more liquid fuels and emitting more climate-changing gases than most medium-sized countries,” The researchers’ study insists. “If the US military were a country, its fuel usage alone would make it the 47th largest emitter of greenhouse gases in the world, sitting between Peru and Portugal.”

There is countless evidence that shows the U.S. military is used to bolster the country’s currency and keep it in place as the world reserve currency. Historical records show that the U.S. government’s proof-of-work system for the U.S. dollar was not a fairly distributed peer-to-peer currency system.

For 300 years or more now the global elite has manipulated ledgers and created an immoral social and financial ranking system. Elon Musk and the rest of the so-called environmentalists speaking out against the Bitcoin network should really consider what the U.S. dollar has done and what the fiat currency continues to do.

Do you think concerns over the Bitcoin network’s energy use are overblown? Do you think people should be discussing the carbon and violence that backs USD? Let us know what you think about this subject in the comments section below.

Tags in this story
Bitcoin Energy, Bruce Fenton, Burn Pits, carbon footprint, Dollar, Electricity, Elon Musk, Elon’s Critique, environment, Jack Dorsey, military occupation, military violence, Opinion Editorial, petro dollar, Polluters, Square, Team USA, Tesla, U.S. Military Spending, US Dollar, US government, US Military, USA, USD, violence

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars – Op-Ed Bitcoin News – Bitcointe

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While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars – Op-Ed Bitcoin News – Bitcointe


This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number of fiat currencies including the U.S. dollar. One could even go as far as to say that the American dollar alone has left boot prints on large groups of humans over the years and desecrated entire countries.

Musk and Dorsey Still Use US Dollars When They Know the Currency Leverages Massive Amounts of Carbon and Military Force

Elon Musk and his electric car company Tesla ignited a ferocious debate over bitcoin mining and how it affects the global environment. Similarly, the founder of Square and Twitter, Jack Dorsey, added fuel to the argument when his company’s CFO said the payment firm has no current plans to buy more bitcoin (BTC).

Dorsey then tweeted that “changes *everything*…for the better” and further added, “we will forever work to make bitcoin better.”

However, people have been questioning Musk and Dorsey’s stance, as the two have not discussed the carbon used by the U.S. dollar or the military violence that is tethered to the American currency. Despite the dollar’s obvious problems, Musk and Dorsey’s companies have accepted USD without hesitation.

Moreover, Musk himself has been called out over hypocrisy. The popular stock-to-flow creator “Plan B” shared a photo with Musk of a Tesla car using energy that derived from power stemming from a coal facility in North Dakota.

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
While ASIC miners are used to process blocks via Bitcoin’s proof-of-work (PoW) system, many people believe the U.S. dollar’s PoW system is backed by a massive carbon footprint and military violence.

It is well known that the U.S. dollar is tied to violence and manipulation that is bolstered by the military-industrial complex. In fact, most people believe the American military occupation abroad and more specifically in the Middle East has been kept there to maintain the U.S. hegemony and petro-dollar.

After Franklin D. Roosevelt (FDR) quite literally flipped the American economy upside down, global financiers invoked the Bretton Woods pact which was the first step in establishing the petro-dollar. These days a great number of economists and analysts have said on multiple occasions that the petro-dollar and the U.S. hegemony is over.

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
Many people believe that the U.S. military maintains its force to keep the U.S. dollar going strong. In order to do so, the U.S. military consumes more carbon than most entities on earth.

People should ask if Musk and Dorsey have contemplated the proof-of-work behind the U.S. dollar and the petro-dollar’s effects on the global economy. It’s well documented that the American dollar’s consensus algorithm is backed by violent measures and sanctions.

The U.S. dollar has made it so America has been a bully of other nations and feels the need to step in as the world police. But environmentalists have added zero concerns about the U.S. dollar and they gladly accept USD to fund their goals. The founder of Watchdog Capital, Bruce Fenton tweeted about this hypocrisy on Friday. Fenton said:

An M1 Abrams tank uses jet fuel that costs $5 a gallon (3-10x delivered). It burns a gallon a minute when driving, a gallon every 5 min when idle. In Afghanistan, they leave the tanks on all night. The war has been going for two decades. Don’t @ me about Bitcoin energy usage.

Study Shows the Protector of the Petro-Dollar Is a Bigger Polluter Than as Many as 140 Countries

Fenton’s critique is quite valid, but people like Elon Musk or Jack Dorsey have yet to address such subjects. The U.S. military, which keeps the dollar going strong, depends on massive amounts of fuel and has one of the largest carbon footprints on earth. This fact is well documented and the U.S. military cannot escape the massive amounts of carbon it uses on a daily basis.

“U.S. military spending is greater than the total military spending of the next seven countries combined: China, Saudi Arabia, India, France, Russia, United Kingdom, and Germany,” explains data from Street Smart Economics. In fact the “price we pay for militarism” is colossal but the U.S. government sweeps it all under the rug.

“This kind of information is readily available,” Street Smart Economics’ author Martin Hart-Landsberg details. “The military’s contribution to global warming is not. One reason is that because of U.S. government pressure, the governments negotiating the 1992 Kyoto Protocol agreed that emissions generated by military activity would not count as national emissions and would not have to be reported. As a consequence, the Intergovernmental Panel on Climate Change, which produces one of the world’s most trusted reports on the rate at which climate change is occurring, does not include national military emissions in its calculations.”

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
The U.S. military not only leverages carbon every second of the day, but it also burns enormous amounts of chemicals and trash. When the burn pit story broke in October 2008,” explains Kelly Kennedy. “The military burned 250 tons of trash a day in an open pit at Joint Base Balad in Iraq, dioxin, the same Agent Orange chemical notorious for sickening service members during the Vietnam War, drifted through the air in a black plume to poison the air of troops living nearby.”

On June 24, 2019, the website theconversation.com tried to initiate a conversation about U.S. military spending and its carbon footprint. The three authors Benjamin Neimark, Oliver Belcher, and Patrick Bigger show data that indicates “the U.S. military is a bigger polluter than as many as 140 countries.” The researchers’ study highlights how the U.S. military leverages carbon-based fuels more so than any entity in history.

“The U.S. military is one of the largest polluters in history, consuming more liquid fuels and emitting more climate-changing gases than most medium-sized countries,” The researchers’ study insists. “If the US military were a country, its fuel usage alone would make it the 47th largest emitter of greenhouse gases in the world, sitting between Peru and Portugal.”

There is countless evidence that shows the U.S. military is used to bolster the country’s currency and keep it in place as the world reserve currency. Historical records show that the U.S. government’s proof-of-work system for the U.S. dollar was not a fairly distributed peer-to-peer currency system.

For 300 years or more now the global elite has manipulated ledgers and created an immoral social and financial ranking system. Elon Musk and the rest of the so-called environmentalists speaking out against the Bitcoin network should really consider what the U.S. dollar has done and what the fiat currency continues to do.

Do you think concerns over the Bitcoin network’s energy use are overblown? Do you think people should be discussing the carbon and violence that backs USD? Let us know what you think about this subject in the comments section below.

Tags in this story

Bitcoin Energy, Bruce Fenton, Burn Pits, carbon footprint, Dollar, Electricity, Elon Musk, Elon’s Critique, environment, Jack Dorsey, military occupation, military violence, Opinion Editorial, petro dollar, Polluters, Square, Team USA, Tesla, U.S. Military Spending, US Dollar, US government, US Military, USA, USD, violence

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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