Chinese researchers propose a digital currency to compete with the US dollar.
Researchers from the Chinese Academy of Social Sciences' Institute of World Economics and Politics have proposed a bold plan to counter the US Dollar's influence...
Chinese police apprehend crypto criminals for laundering more than $5 billion.
Chinese police have dismantled a massive criminal organisation allegedly responsible for a 40 billion yuan (US$5.6 billion) crypto money laundering case, as the country ramps...
In China, the Ethereum merger had the greatest impact on this sector.
Because graphics cards can no longer be used to mine cryptocurrencies, Ethereum's long-awaited transition to proof-of-stake has had an even bigger impact on the industry....
In the aftermath of Terra, Chinese official media suggests stronger crypto controls.
Because of the collapse of the Terra ecosystem, the Chinese government may impose even stricter rules on cryptocurrencies and stablecoins, according to the Economic Daily,...
STEPN: How China’s ‘regulatory policies’ caused a crash in yet another token
STEPN, a move-to-earn blockchain project had exploded by a staggering 20,000% after launching earlier this year. In fact, the move-to-earn fitness app also saw native...
STEPN to block mainland China users to comply with regulatory policies
Stepn will prevent users in mainland China from using its mobile app in order to comply with Chinese regulatory laws. In an effort to comply...
A measure is being drafted that would prohibit the use of China’s digital yuan in US app shops.
Three Republican senators sponsored legislation to safeguard Americans against the "Authoritarian Digital Currencies Act." US lawmakers are taking steps to shield the country from the...
The ‘underground’ story behind China’s ban on crypto-mining
Last year, China imposed an absolute ban on attributes related to the largest cryptocurrency, Bitcoin. In June 2021, China told banks to stop facilitating transactions...
Despite the crypto prohibition, China remains the second largest Bitcoin mining centre.
According to a recent study, the Chinese government was unable to shut down cryptocurrency activities as part of its crypto ban last year, as China...
A Chinese court has ruled that the marketplace is guilty of minting NFTs from stolen artwork.
A member of the NFTCN marketplace reportedly stole an artist's piece and sold it as an NFT for $137 to another user. A Hangzhou court...
In the most recent danger alert, China-based regulatory and trade organisations target NFTs.
"We seriously urge consumers to [...] remain careful and avoid NFT-related unlawful financial activity," the groups warned. The China Banking Association, China Internet Finance Association,...
With its recent hiring spree, China maintains its lead in the cryptocurrency race.
The much-anticipated Beijing Winter Olympics have come and gone, and the soft launch of China's CBDC, the e-CNY, was met with a cold response at...
The parent company of Volvo has established a blockchain joint venture headquarters in Wuxi, China.
In 2021, Geely Holding sold over 2.2 million vehicles, including 698,693 Volvos. On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car...
Fearing a government crackdown, Chinese internet behemoths remove NFT platforms.
WeChat suspended several accounts for digital collectable platforms for violating the company's anti-illegal trade policy, while Ant Group and Tencent-owned NFT platforms updated their user...
The policy director of the Blockchain Association believes that the US should not compete with China’s CBDC by utilising surveillance techniques.
"We will not compete with China, which is an authoritarian dictatorship, by acting like an authoritarian dictatorship," Jake Chervinsky stated. In its future introduction of...
Will Russia adopt the digital yuan in the face of sanctions? It could happen…
You may know the ‘Society for Worldwide Interbank Financial Telecommunication’ as SWIFT – a cross-border payment system that makes it possible for users worldwide to...
Carbon emissions from the Bitcoin network increased by 17 percent following China’s ban: report
The research report blamed the increase in Bitcoin's carbon footprint on the China mining ban, claiming that Chinese miners were more focused on renewable energy....
A Chinese banking regulator has issued a warning about the risk of fraud in the metaverse.
The Chinese government described the metaverse as "attractive and deceptive," with users at risk of losing money if they are unaware of the risks. Following...
Will the EU follow China’s lead and impose a crypto ban?
The Governor of Hungary's Central Bank, Matolcsy, has expressed support for a crypto prohibition in the EU. In a statement, he said, China declared all...
The Chinese metaverse will be distinct from the rest of the world’s.
Chinese search provider Baidu had announced a self-developed metaverse last year in December. The year when China took a policy decision to curb all private...
‘China’s crypto ban had little effect on Neo,’ according to the organization’s developers.
It has plummeted from all-time highs, but the project still has a $1.6 billion market and a dedicated developer community. Once dubbed the "Ethereum of...
The Federal Reserve Bank of Boston and MIT have released a report on the first phase of Project Hamilton.
Another country has shown signs of entering the CBDC development arena as China's digital yuan makes its debut on the first day of the 2022...
China: CBDC makes a low-key debut at the Winter Olympics, while two banks phase out cash transactions
On 4 February, after eight years of speculation, debate, and conflicting reports, China's digital yuan CBDC made a rather low-key debut at the 2022 Beijing...
CBDC efforts are being joined by a Chinese food delivery giant.
Until now, total e-CNY transactions have totalled 87.57 billion yuan ($13.68 billion). Meituan, China's largest food delivery service, has become the latest tech company to...
Ryan Selkis, a Chinese investor, appears to agree that it is best to buy Bitcoin at this price.
El Salvador's President Nayib Bukele happily announced that he hadn't missed the dip after all, as Bitcoin plunged into a pool of red once more,...
Final e-CNY preparations are underway in China ahead of the Winter Olympics curtain raiser.
When the Winter Olympics begin on February 4, 2022, China will make its official e-CNY debut. Latest before the debut In an announcement dated...
Police in China discover a multi-million dollar heist. Rug pull by DeFi
In December, Chizhou police arrested eight people from various provinces and froze assets worth millions of dollars. With the start of the new year, Chinese...
As the Winter Olympics approach, here’s how China could take the lead in the CBDC race.
Due to its stance against crypto transactions and, more recently, NFTs, one might be tempted to believe that China has dropped out of the crypto...