19 / 20 Relevant items tagged with #China
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Enforcement goes on with Bitzlato action: Law Decoded, Jan. 16–23
[Jan 23, 2023 5:29 AM] Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance.
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs
[Jan 23, 2023 3:30 AM] The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based…
Davos-launched blockchain project aims to be the ‘SWIFT’ of stablecoins and CBDCs
[Jan 22, 2023 8:39 PM] A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project.
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
Shanghai Metaverse Pilot Introduces Digital Services in 20 Urban Locations
[Jan 18, 2023 3:30 AM] The city of Shanghai is bringing metaverse activities to 20 urban locations, that will allow citizens to use digital tools in different ways according to the area. The initiative is part of a pilot program of the Shanghai Municipal Commission of…
90% of businesses adopting blockchain technology, data
[Jan 12, 2023 2:00 PM] A new survey from CasperLabs found that despite education gaps, enterprise adoption of blockchain technology in the U.S., U.K. and China is set to increase in the next year.
Jack Ma surrenders control of fintech giant Ant Group
[Jan 12, 2023 7:48 AM] After founding Ant Group in 2014, Chinese billionaire Jack Ma is now ceding control of the company as part of Ant’s corporate structure changes.
China's central bank includes digital yuan in report on currency circulation
[Jan 11, 2023 2:45 PM] The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022.
A key change in Ethereum options pricing hints that ETH price could rise beyond $1,350
[Jan 11, 2023 12:29 PM] Ethereum whales are market makers are no longer charging excessive premiums for protective put options, a sign that ETH price could be en-route to new highs.
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report
[Jan 9, 2023 1:15 PM] Former Chinese Communist Party member Xiao Yi seemed to speak with a very subdued voice from what appeared to be prison, apologizing for supporting a Fuzhou crypto mining firm.
Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal
[Jan 8, 2023 10:00 AM] Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov…
Crypto regulation world: How laws for digital assets changed in 2022
[Jan 4, 2023 12:56 PM] While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption.
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China
[Jan 1, 2022 10:00 PM] The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be…
Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions
[Jan 1, 2022 1:00 PM] 2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top…
China’s Digital Yuan Little Used, Former Central Bank Official Says
[Dec 31, 2022 8:30 AM] Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being…
Former Chinese central banker says digital yuan ‘usage has been low’
[Dec 29, 2022 9:30 PM] A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows
[Dec 29, 2022 11:37 AM] Despite partial crypto bans, the Chinese Government has included blockchain technology in official state development policy.
China to Launch ‘Digital Asset Trading Platform,’ Media Report Unveils
[Dec 29, 2022 10:30 AM] A marketplace for digital assets is soon going to open in China under a public-private partnership, local media revealed. According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government…
Chinese Communist Party official pleads guilty to helping Bitcoin miners
[Dec 29, 2022 10:22 AM] Xiao Yi, Communist Party Secretary of the City of Fuzhou, financially aided Bitcoin miners between 2017 and 2021.
China's first national NFT marketplace to launch next week: Report
[Dec 28, 2022 8:59 AM] The state-backed platform will serve as a secondary market for NFTs and digital asset copyrights.
Canaan expects minor revenue drop in 2022 despite crypto mining crisis
[Dec 28, 2022 6:30 AM] Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% in 2022.
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack
[Dec 27, 2022 9:00 AM] A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined…
Bitcoin mining pool BTC.com reports $3M cyberattack
[Dec 26, 2022 7:38 AM] BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack.
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
[Dec 19, 2022 6:30 AM] Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several…
Bitcoin bulls protect $17K as trader eyes key China BTC price catalyst
[Dec 10, 2022 5:35 AM] China offers a potential leading indicator for Bitcoin price strength with U.S. economic data due next week.
Court in China Recognizes NFTs as Virtual Property Protected by Law
[Dec 6, 2022 4:30 PM] A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired…
Chinese court says NFTs are virtual property protected by law
[Dec 5, 2022 12:30 AM] The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.
Avalanche to power Alibaba Cloud's infrastructure services in Asia
[Dec 3, 2022 4:50 AM] Avalanche’s partnership with Alibaba Cloud will see the development of tools that enable users to launch validator nodes on Avalanche's public blockchain platform in Asia.