18 / 20 Relevant items tagged with #China

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Federal Prosecutors Charge Sam Bankman-Fried With Attempt To Bribe Chinese Officials With $40 Million

[Mar 28, 2023 12:38 PM] In a new indictment unsealed on Tuesday, officials charged Sam-Bankman Fried with bribing Chinese officials to release frozen assets.Federal prosecutors have accused Sam Bankman-Fried (SBF), former CEO of failed cryptocurrency exchange FTX, of…

Sam Bankman-Fried charged with bribing Chinese officials: Court docs

[Mar 28, 2023 7:42 AM] The former FTX CEO is in hot waters once again, as he is facing a new 13-count indictment from authorities in the United States.

Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery Charge

[Mar 28, 2023 7:36 AM] A superseeding indictment was unveiled on Wednesday.

China to upgrade national blockchain standards by 2025

[Mar 28, 2023 5:24 AM] The Chinese government has been proactively pursuing advancements in its blockchain sector and now aims to upgrade its industry development standards by the year 2025.

Binance launches internal investigation following KYC bypass rumors

[Mar 24, 2023 7:46 AM] Following allegations that Binance employees and volunteers help users bypass KYC protocols, the crypto exchange says it is launching an internal investigation.

Binance employees allegedly help customers in China bypass KYC controls

[Mar 24, 2023 4:45 AM] A new investigation claims that users around the world are manipulating Binance’s billion-dollar security protocols through inside help.

Binance Users in China, Elsewhere, Evade KYC Controls With Help of 'Angels': CNBC

[Mar 23, 2023 8:35 PM] Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance debit card, CNBC reported, citing Chinese-language chatroom messages it translated.

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies

[Mar 22, 2023 4:00 PM] As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam…

Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report

[Mar 22, 2023 12:30 AM] Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server…

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

[Mar 21, 2023 2:00 PM] Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7…

Taiwan Follows Hong Kong With Plans To Regulate Crypto

[Mar 20, 2023 12:00 PM] Taiwan has announced its plans to regulate its crypto industry through the Financial Supervision and Administration Committee (FSC) or the newly established Ministry of Digital Affairs (MODA). Taiwan’s Crypto Legislation Taiwan plans to…

Taiwan watchdog FSC to assume authority on crypto regulation

[Mar 20, 2023 3:40 AM] Taiwanese lawmakers reportedly expect to finalize a crypto regulatory framework by the end of March or April at the earliest.

Report: China Will Become a Metaverse Tech Leader During 2023

[Mar 20, 2023 2:30 AM] A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence…

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

[Mar 19, 2023 11:30 AM] Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and…

Conflux (CFX) Token Tallies 167% Increase In Past Week – Here’s Why

[Mar 19, 2023 5:28 AM] Although Bitcoin has recovered well this week, other coins like Conflux are doing better. At the time of writing, CFX has ballooned to a commanding 167% in the last seven days, according to data from CoinMarketCap. This makes it the best-performing…

Founder of Crypto Exchange Bitzlato Denies US Charges

[Mar 16, 2023 2:30 AM] The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over…

KuCoin leads $10M funding for Chinese yuan stablecoin issuer

[Mar 15, 2023 4:00 AM] Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan.

Bitcoin derivatives suggest $26K resistance level won't hold for long

[Mar 14, 2023 9:30 AM] BTC margin and option markets show no signs of discomfort or overconfidence despite 28% gains in two days.

CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

[Mar 13, 2023 9:12 PM] Former CFTC Chair Christopher Giancarlo says that Anti-Money Laundering and Know Your Customer measures are both outdated and constitutionally questionable and that crypto technology could do better.

Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review

[Mar 12, 2023 6:30 AM] It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out…

China’s Wechat Adds Support for Digital Yuan Payments

[Mar 8, 2023 9:00 AM] Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the…

Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal

[Mar 7, 2023 4:30 PM] Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping…

WeChat integrates digital yuan into its payment platform

[Mar 7, 2023 7:11 AM] Chinese social media platform WeChat has incorporated the digital yuan in its payment app to boost the CBDC’s popularity.

China announces plans for new national financial regulator

[Mar 7, 2023 6:56 AM] The new administration will replace the current banking and insurance watchdog, which coincides with a more extensive government overhaul.

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

[Mar 5, 2023 4:30 PM] Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold…

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain

[Mar 2, 2023 8:00 AM] A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan…

Hong Kong citizens not interested in digital yuan: Reports

[Mar 2, 2023 5:04 AM] Despite the 20% discount, the e-CNY hard wallets don’t attract much attention from the islanders.

Bitcoin Price Jumps 2% Due To Bids From Asia, Here’s What’s Going On

[Mar 1, 2023 4:15 AM] Over the past few months, the US market has been driving the Bitcoin price. During the US trading hours, the Bitcoin price showed much higher trading activity and volatility. This makes today’s 2% jump for the Bitcoin price during Asian…

Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3

[Feb 22, 2023 6:38 PM] Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3.

Hong Kong’s crypto ambition gets subtle nod from Beijing: Report

[Feb 20, 2023 11:39 PM] While China has cracked down on cryptocurrencies in the mainland, it's apparently taking a softer approach to Hong Kong's crypto hub aspirations.