9 / 22 Relevant items tagged with #China

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China’s State Administration of Foreign Exchange Cracks Down on $2.2 Billion Crypto Exchange Ring

[Dec 25, 2023 11:30 PM] The Chinese State Administration of Foreign Exchange (SAFE) has cracked down on an underground bank that used crypto to offer illegal exchange services. The operation, which had over 1,000 bank accounts and a presence in 17 provinces, moved over…

China Vows to Clarify Web3, NFT Development Path

[Dec 20, 2023 5:44 AM] Moving forward, China's Web 3 strategy would encourage the development of new business models such as NFT and accelerate the innovative application of Web3, the Ministry of Science and Technology said.

Economist Jim Rickards’ ‘Tumultuous’ and ‘Shocking’ Predictions: Global Recession and a New Banking Crisis to Ensue in 2024

[Dec 20, 2023 2:00 AM] Jim Rickards, a famous economist and investment lawyer, has predicted a year of turmoil for global economies in 2024. According to Rickards, the U.S. Federal Reserve will be unable to pull off a soft landing scenario, prompting a global recession…

China’s Current Economic Challenges Echo Japan’s Past Economic Struggles

[Dec 19, 2023 3:30 AM] Experts highlight the critical need for China to learn from Japan’s prolonged economic stagnation, emphasizing the urgency to transition from manufacturing and investment reliance to boosting domestic consumption. Similarities to…

Chinese government plans for blockchain-based identity verification

[Dec 12, 2023 6:47 AM] The Chinese Ministry of Public Security plans to implement a blockchain-based identity verification system that it claims will help keep personal data and identity credentials safe.

China to Verify Citizens' Identities With New Blockchain-Based Platform

[Dec 12, 2023 12:00 AM] The announcement follows a government rule change to require social media influencers to display their real names.

AI regulations in global focus as EU approaches regulation deal

[Dec 7, 2023 3:55 AM] Concerns over potential misuse of AI have prompted the U.S., U.K., China, and the G7 to speed up regulation of the technology, though Europe is already way ahead.

Canaan secures new financing as revenue falls 55% in Q3

[Nov 28, 2023 10:07 AM] Despite a downturn in its bottom line, the company has secured a deal with an institutional investor to potentially raise $125 million in capital.

More foreign banks join China’s CBDC pilot trials

[Nov 28, 2023 9:11 AM] A total of four foreign banks have integrated China’s e-CNY CBDC thus far.

Bitcoin traders' bullish bias holds firm even as BTC price dips to $37K

[Nov 27, 2023 3:40 PM] BTC's correction reveals a disconnect between pro traders' confidence and retail investors' skepticism amid regulatory shifts.

IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete

[Nov 27, 2023 12:11 PM] Experts predict the global quantum computing sector will have grown from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth than others.

Standard Chartered China Offering Exchange Services for Digital Yuan

[Nov 27, 2023 9:09 AM]

Can blockchain supply the guardrails to keep AI on course?

[Nov 21, 2023 8:01 AM] Some believe that hybrid blockchains with both private and public aspects can solve AI’s black-box problem.

Cambodian digital currency bakong amps up use case with Alipay agreement

[Nov 20, 2023 3:47 PM] The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.

People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong

[Nov 18, 2023 2:30 AM] The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and…

Xi Jinping Vows No Hegemony in China’s Approach to US, Aiming for Stable Ties

[Nov 16, 2023 3:00 PM] On Wednesday, Chinese President Xi Jinping delivered a speech emphasizing China’s aspiration for harmonious ties with the United States. The Chinese head of state conveyed his vision of an enhanced “friendship in the new era”…

Blockdaemon among founders of BSN Spartan Network governing body

[Nov 16, 2023 4:00 AM] The BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional cryptocurrencies like Bitcoin.

First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded

[Nov 13, 2023 3:36 PM] Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval.

APEC finance ministers to share perspectives on crypto at meeting in San Francisco

[Nov 13, 2023 3:18 PM] U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries.

Chinese hackers use fake Skype app to target crypto users in new phishing scam

[Nov 13, 2023 4:54 AM] Crypto security firm SlowMist has discovered several wallet addresses linked to a phishing scam that drained hundreds of thousands of dollars from unsuspecting crypto users.

Bitcoin: Redefining Ownership

[Nov 12, 2023 2:30 PM] This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now.A PDF pamphlet of this article is available for download. The traditional way in which our society constructs ownership is inefficient. The…

Economist Peter Schiff: Complete Separation of US-China Economies Would Be ‘a Disaster for America’

[Nov 11, 2023 5:30 PM] Economist Peter Schiff has warned that a complete separation of the Chinese and U.S. economies would be “a disaster for America, but a boon for China.” He explained: “Americans would be stuck with fewer goods and higher prices, while the…

Singapore startup dtcpay launches retail crypto payments system with Chinese partners

[Nov 10, 2023 3:27 PM] Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services.

China declares stealing digital collections like NFTs liable for criminal theft sentence

[Nov 10, 2023 5:44 AM] The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data.

China AI chip market finds expansion paths despite US export restrictions

[Nov 9, 2023 7:50 AM] The U.S. imposed export restrictions of high-level AI chips to China last October, though Chinese companies are now finding new options to develop their technology.

Chinese president calls for unity on AI challenges and cyber development

[Nov 9, 2023 4:23 AM] Xi Jinping addressed the World Internet Conference Summit, saying there is a need to “deepen” exchanges and cooperation on an international level on AI challenges and cyberspace development.

U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT

[Nov 8, 2023 4:20 PM] Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.

China Mulls Digital Yuan Settlements for Commodities

[Nov 7, 2023 4:30 AM] The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help…

Hong Kong regulator issues tokenized investments requirements amid demand

[Nov 6, 2023 4:39 AM] The intent behind the tokenization of SFC-authorized investment products is tied to rising market demand and the government’s willingness to facilitate market development.

English school turned BTC miner in China expands capacity with 220 new units

[Nov 3, 2023 1:00 PM] BTC Digital used to be a chain of English schools based in Shenzhen. Now it has mining farms in Pennsylvania and Tennessee.