What is chi? chi news, chi meaning, chi definition - Blockchain.News
Search results for

chi

Australia Securities Exchange Moves For Blockchain Technology, CHI-X Calls For More Regulatory Supervisions

Australia Securities Exchange Moves For Blockchain Technology, CHI-X Calls For More Regulatory Supervisions

Australia Securities Exchange (ASX) plans to switch to distributed ledger technology by April 2021, replacing its clearing system, registry, and settlement with the technology for the sole purpose of cutting costs for customers.

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain

Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.

China to Limit the Unauthorized Use of Other's Digital Properties

China to Limit the Unauthorized Use of Other's Digital Properties

The illegal use of people’s work including Non-Fungible Tokens (NFT) without getting their permission has been a concern to the National Copyright Administration in China (NCAC). To this end, the agency alongside four departments has therefore enacted policies in a special edition campaign ‘Jianwang 20222’ to combat this issue according to a press statement

Trump Signs TikTok Executive Order and Seeks to Clean the Free World's Networks of China State Tech Espionage

Trump Signs TikTok Executive Order and Seeks to Clean the Free World's Networks of China State Tech Espionage

United States President Trump has issued two executive orders against Chinese social media apps TikTok and WeChat, which are suspected of sharing US citizens’ data with the Chinese Communist Party.

United States Congress Will Vote on American COMPETE Act to ‘Beat China’ in Blockchain Technology

United States Congress Will Vote on American COMPETE Act to ‘Beat China’ in Blockchain Technology

United States Congress will vote today on a bill that specifically aims to ensure the US remains competitive with China in the race for blockchain supremacy.

New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker

New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker

A billboard in Times Square has been hired by the ‘Free Ross’ movement as part of a campaign to release the Ross Ulbricht, founder of the Silk Road drug trafficking marketplace on the darknet.

China Declares Bitcoin as Virtual Property with Monetary Value

China Declares Bitcoin as Virtual Property with Monetary Value

China has taken a new step with an important legal precedent regarding Bitcoin in a property dispute case in Hangzhou. Read more about how this case affirmed the legal status of Bitcoin as a virtual property with protection under Chinese law.

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

Lawmakers in the US are coaxing the federal government to consider a national blockchain strategy for regulation and growth, citing China’s Blockchain Service Network as an example.

Fan Token Issuing Startup Socios.com Receives Italian Regulatory License

Fan Token Issuing Startup Socios.com Receives Italian Regulatory License

The sports-based fan token market has surpassed $440 million since football fans' blockchain app Socios.com announced it has received regulatory approval from the Italian government, up 97% from the previous month.

China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications

China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications

China appears to be on edge regarding Oracle and Walmart’s deal with parent company ByteDance for TikTok’s US operations, calling it an “unfair deal.”

China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights

China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights

The Chinese Supreme Court has decided to strengthen cryptocurrency property rights. China’s Supreme Court is looking to further protect property rights, including economic property rights through different ownership systems in accordance with the law.

Analyst Honored for Exposing South Korean Dark Web Crypto Child Pornography and Blackmail Site

Analyst Honored for Exposing South Korean Dark Web Crypto Child Pornography and Blackmail Site

Criminal analyst, Kim Reece, has been named as a finalist for the Samuel J. Heyman Service to America Medal for her role in the takedown of the South Korean ‘Nth Room’ child pornography chat rooms hosting the content of Welcome to Video blackmail sex and exploitation site.

Chinese MIIT Issues Guidance on Blockchain Technology

Chinese MIIT Issues Guidance on Blockchain Technology

China has issued guidelines for promoting the application of blockchain technology and industrial development.

Binance Accused by Chinese State Media of Operating Cryptocurrency Exchange in China

Binance Accused by Chinese State Media of Operating Cryptocurrency Exchange in China

Chinese state media has reported that Binance is still supporting local users trading cryptocurrency, despite China banning all exchanges in 2017.

Peter Schiff’s Bank Investigated in Global Tax Evasion Probe, Gold May Be Dirty

Peter Schiff’s Bank Investigated in Global Tax Evasion Probe, Gold May Be Dirty

Peter Schiff’s Euro Pacific Bank is currently under a tax evasion probe for hosting numerous financial accounts suspected of tax evasion crimes.

G20 Lays Regulatory Foundation to Accept Digital Payments by November Summit

G20 Lays Regulatory Foundation to Accept Digital Payments by November Summit

G20 officials have announced that they will begin the preliminary regulatory groundwork for the group to accept digital payments.

Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech

Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech

Analysis of what happened to Ant Group after Jack Ma's speech on financial regulation, and the secrets of the Ant Group business.

The Central Bank of China Reiterates All Crypto-related Transactions are Illegal

The Central Bank of China Reiterates All Crypto-related Transactions are Illegal

The Chinese government once again stepped up its suppression of cryptocurrency transactions, and the Chinese central bank stated that all cryptocurrency-related transactions are illegal.

China Financial Institutions Bars Crypto as Payment Tools

China Financial Institutions Bars Crypto as Payment Tools

Three major regulatory bodies in China have prohibited banks and financial firms to provide cryptocurrencies transaction services.

EARN IT Act Introduced in US House of Representatives, Critics View It as Threat—What This Means for Crypto

EARN IT Act Introduced in US House of Representatives, Critics View It as Threat—What This Means for Crypto

Despite being perceived as an “anti-security bill” by many, the EARN IT Act has made its way to the US House of Representatives and currently awaits approval.

China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat

China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat

China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission.

Director of National Intelligence Warns US SEC of China’s Cryptocurrency Dominance

Director of National Intelligence Warns US SEC of China’s Cryptocurrency Dominance

National Intelligence Director John Ratcliffe has warned the US Securities and Exchange Commission that China’s cryptocurrency dominance could put the US at a disadvantage.

Ripple Co-Founder Hints Move From US Regulation: “Blockchain and Digital Currencies are not Welcome”

Ripple Co-Founder Hints Move From US Regulation: “Blockchain and Digital Currencies are not Welcome”

Ripple co-founder Chris Larsen is considering moving Ripple’s base from the United States due to crushing biased regulation.

China’s President Xi Jinping Killed Ant Group’s $37 Billion IPO After Jack Ma Criticism

China’s President Xi Jinping Killed Ant Group’s $37 Billion IPO After Jack Ma Criticism

President Xi Jinping made the decision to stop the world’s largest-ever IPO after Ant Group’s Jack Ma spoke out against China's financial regulation and banking system.

China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay

China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay

In a move similar to the US antitrust hearing, the People’s Bank of China has prompted the nations top antitrust body to probe Alipay and WeChat

Russia Won't Follow in the Footsteps of China's Total Ban on Crypto Transactions: Russian Deputy FM

Russia Won't Follow in the Footsteps of China's Total Ban on Crypto Transactions: Russian Deputy FM

The Russian government said it will not follow China's comprehensive ban on cryptocurrency and has no plans to prohibit investors from buying cryptocurrencies in the foreign exchange market.

Shenzhen Warns Against the Resurgence of Illegal Activities Owing to the Promotion of Blockchain Technology

Shenzhen Warns Against the Resurgence of Illegal Activities Owing to the Promotion of Blockchain Technology

The Office of the Leading Group for Special Remediation of Internet Finance Risks in Shenzhen has warned about the seeming resurfacing of illegal activities as a result of interest in cryptocurrency.

US Legislators Approve Digital Taxonomy and American COMPETE Blockchain Bills in Tech Race with China

US Legislators Approve Digital Taxonomy and American COMPETE Blockchain Bills in Tech Race with China

US lawmakers approved the American COMPETE Act and the Digital Taxonomy Act, in an active race against China the blockchain and technological sector.

China Creates New Regulatory Authority for Blockchain Products and Digital Payments

China Creates New Regulatory Authority for Blockchain Products and Digital Payments

Earlier this month, China's President Xi Jinping made announcements on blockchain prompting banks to begin investing in the industry. In line with this, it is reported the next direction will be a new digital currency for citizens in China to use.

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the personal legal property left by she/he.” Personal legal property in this case also means “internet property” including virtual currencies. Chinese citizens will be able to leave their cryptocurrency and virtual assets to their heirs, coming into effect on January 1, 2021.

Chinese Tech Giants Pull the Plug on NFTs to Wade Off Regulatory Crackdown

Chinese Tech Giants Pull the Plug on NFTs to Wade Off Regulatory Crackdown

WeChat has started suspending the accounts of NFT outfits on grounds that they violated its policies on illegal trading, local media reported.

China's Central Bank Publishes Rules for Blockchain-Based Financial Applications

China's Central Bank Publishes Rules for Blockchain-Based Financial Applications

The People’s Bank of China (PBoC) has published a set of evaluation rules for blockchain-based finance applications. The published rules aim to provide regulatory oversight using three basic standards bordering on technical, performance, and security.

Bitcoin Miners from Inner Mongolia and Sichuan Are Selling BTC Mining Tools

Bitcoin Miners from Inner Mongolia and Sichuan Are Selling BTC Mining Tools

As the plans to clamp down on Bitcoin mining dawns in China, many miners in the mainland are listing their hardware for sale.

Huobi Global Announces it is Moving Out of China as Clampdown Intensifies

Huobi Global Announces it is Moving Out of China as Clampdown Intensifies

Huobi Global, one of the world’s largest digital currency trading platforms has announced it will gradually unwind its services in mainland China

China Gears Up for its Digital Currency and Implements New Crypto Law

China Gears Up for its Digital Currency and Implements New Crypto Law

As a part of its plans for releasing its central bank digital currency (CBDC) soon, China has implemented a law to govern cryptographic password management.

Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations

Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations

Authorities in Sichuan, China has been reportedly pressuring Bitcoin miners to scale down their operations due to electricity shortages. During the dry season, extending from October to April, the electricity supply drops in the province.

President Xi Urges Expedition of Blockchain Development in China

President Xi Urges Expedition of Blockchain Development in China

On Oct. 25, China’s President Xi Jinping said at the study session of the Politburo held on Thursday that the nation should accelerate the development of blockchain technology.

Chinese-based BSN to Launch First International Expansion in August: CNBC

Chinese-based BSN to Launch First International Expansion in August: CNBC

Chinese state-backed blockchain company Blockchain-based Service Network (BSN) is reportedly to launch an international project overseas within serval months, according to CNBC citing people with the matter.

Blockchain Experts Discuss: Will Blockchain Be the Missing Piece to Financial Inclusion?

Blockchain Experts Discuss: Will Blockchain Be the Missing Piece to Financial Inclusion?

The Singapore Fintech Festival rounded up blockchain discussions on the last day of the festival, focusing on one of the main themes of the event, financial inclusion.

Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology

Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology

Blockchain companies have become a hot property in China over the last few years, and the rise in company registrations really surged following Chinese Leader Xi Jinping announcment last October that the country must strive to become the global blockchain leader.

Leading Asian Fintech Company WeLab Completes the Largest Ever Fintech Fundraising in China

Leading Asian Fintech Company WeLab Completes the Largest Ever Fintech Fundraising in China

Leading fintech company, WeLab announced on Dec. 12 that it has raised US$156 million in Series C of strategic financing, becoming the largest fintech fundraising in China so far. WeLab was one of the first virtual banks established in Hong Kong, after receiving a virtual banking license from Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA) in April 2019.

China Establishes First-Ever Blockchain Zone in Central Province of Hunan

China Establishes First-Ever Blockchain Zone in Central Province of Hunan

The first provincial blockchain zone has been established in China, in the central Chinese province of Hunan. The “Wanbao” blockchain zone is located in the city of Loudi, marking the first blockchain zone in China, according to a local Chinese report.

Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards

Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards

The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.”

Blockchain Projects in China Are All Hype and No Chain?

Blockchain Projects in China Are All Hype and No Chain?

Blockchain projects from the very beginning have been hyped before any real substance or proof of work. This was a trend in 2017 following countless exit scams and initial coin offerings (ICOs) that had great plans to change the world, but ultimately only changed people’s bank accounts for the worst.

VeChain and Alipay Join China-Australia Blockchain Supply Chain Project for Sustainable Shipping

VeChain and Alipay Join China-Australia Blockchain Supply Chain Project for Sustainable Shipping

A joint Australian-Chinese supply chain and trade finance project got a major boost last week as AliPay, Mastercard, and crypto firm VeChain joined the initiate.

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

Yoni Assia, eToro’s CEO, recently weighed in on the issue of Central Bank Digital Currencies. He noted that this matter was no longer an issue of “if,” but of “how and when” because the development of digital currencies by central banks was inevitable.

China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides

China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides

Investment activity in China’s tech sector has seen a massive drop in the past four months since the coronavirus outbreak has emerged from the city of Wuhan. The venture capital market has been suffering a tremendous impact on its existing drop in activity.

UK Research Shows 66% Control of Hash Rate is Coming From China

UK Research Shows 66% Control of Hash Rate is Coming From China

Reporting on a study developed by UK based company CoinShares, as much as 66% of global hash rates come from and are controlled by Chinese Entities.

Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

In the first-ever Blockchain Service Network Partner Conference hosted by the National Information Center and Hangzhou Municipal People's Government in China, it was announced that cryptocurrency exchange Huobi has joined the Blockchain Services Network (BSN), an alliance initiated by the State Information Center (SIC).

Etherscan Made 100% Inaccessible by China's Great Firewall

Etherscan Made 100% Inaccessible by China's Great Firewall

Etherscan.io, one of the most widely used Ethereum block explorers, was found to be inaccessible from IP addresses inside of mainland China. According to the tests performed locally, the country’s Great Firewall, which is used by the government to regulate citizens’ access to foreign internet sites has blocked the Ethereum blockchain data site.

Ping An of China’s Blockchain Unit Chooses US over Hong Kong for IPO

Ping An of China’s Blockchain Unit Chooses US over Hong Kong for IPO

Chinese insurance giant, Ping An Insurance’s financial technology arm, OneConnect is leaning towards choosing New York over Hong Kong for its initial public offering (IPO) this year in mid-November.

Partner at Proof of Capital Presumes That China’s Digital Currency Could Go Live in No Time

Partner at Proof of Capital Presumes That China’s Digital Currency Could Go Live in No Time

In her view, Edith Yeung, fund manager, and partner at Proof of Capital, a blockchain-based venture capital fund, presumed that the Chinese Government could launch their digital currency, virtual yuan, in no distant time, assumably, within the next six to twelve months.

China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town

China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town

Government authorities in China have allowed construction to go ahead to increase the capacity of current hydroelectric plants in the Ya'an district of Sichuan, a town popularly known in cryptocurrency circles to be teeming with Bitcoin miners.

BTC Breaks Its Strong $10,000 Support Amidst US-China War Trade Cool Off

BTC Breaks Its Strong $10,000 Support Amidst US-China War Trade Cool Off

The price of Bitcoin has taken a serious hit in the past few days as the largest cryptocurrency has dipped below its supposedly strong support of $10k and bounced back up.

TikTok Owners Launch Blockchain and AI company with Shanghai Dongfang Newspaper

TikTok Owners Launch Blockchain and AI company with Shanghai Dongfang Newspaper

TikTok owners agree to a new partnership to advance blockchain advancements with Chinese News Outlet, Shanghai Dongfang Newspaper Company.

Chinese Tech Company Tencent Launches Blockchain Accelerator

Chinese Tech Company Tencent Launches Blockchain Accelerator

Tencent, the Chinese multinational conglomerate, on April 29, 2020, announced the launch of its new blockchain accelerator which is now open to both mature and early-stage blockchain-based startups. The 'Tencent Blockchain Accelerator' will allow the selected projects to reap special benefits like four mentoring meetings every year, a rich network of industry experts, and the opportunity to learn more about the international blockchain community.

Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group

Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group

Chinese internet giant Tencent, also the operator of messaging app WeChat has been reported that the company is looking to create a digital currency research group. Tencent released a statement to its employees, stating that the company is currently hiring a new head of the research group.

US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

The US Treasury Department officially designated China as a “currency manipulator” on Monday following the largest stock market losses the U.S has seen in 2019.

IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline

IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline

The Chief Economist of the International Monetary Fund (IMF), Gita Gopinath, expressed in an opinion piece in the Financial Times that digital currencies would not displace the US Dollar as the currency that dominates the global trade and finance.

Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade

Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade

China's Ant Group established a blockchain-enabled smart contract platform Trusple to assist small and medium enterprises (SMEs) for cross-border trades.

Tencent Gets Green Light for Blockchain-Enabled Invoice Standard

Tencent Gets Green Light for Blockchain-Enabled Invoice Standard

Tencent, a Chinese internet giant, has been given the go-ahead by China’s State of Administration of Taxation to generate a draft for a blockchain-powered invoice standard.

"I Knew Owning Bitcoin Was a Bad Idea," Claims Peter Schiff After Losing Access to His Bitcoin Wallet

"I Knew Owning Bitcoin Was a Bad Idea," Claims Peter Schiff After Losing Access to His Bitcoin Wallet

"I knew to own Bitcoin was a bad idea, I just never realized it was this bad!" exclaims Peter Schiff, after losing access to his bitcoin wallet and his password being invalidated. The crypto – the community has offered help, but it would seem the BTC has been lost for good.

Peter Schiff Criticizes Sequoia Capital's Employee BTC Plans, Says It's An Attempt to "Sucker in Buyers"

Peter Schiff Criticizes Sequoia Capital's Employee BTC Plans, Says It's An Attempt to "Sucker in Buyers"

Bitcoin's price downtrend has caused Peter Schiff to criticize Sequoia's employee remuneration scheme based on Bitcoin.

Blockchain-Powered Donation Tracking Platform Shanzong Seeks to Propel Transparency Amid Coronavirus Scare

Blockchain-Powered Donation Tracking Platform Shanzong Seeks to Propel Transparency Amid Coronavirus Scare

With coronavirus having claimed more than 1,800 lives, capturing vital statistics is fundamental in having it curbed. Shanzong, a blockchain-enabled donation tracking platform, has been established in China to boost efficiency and transparency of giving.

People’s Bank of China Announces Its Digital Currency is Ready

People’s Bank of China Announces Its Digital Currency is Ready

The central bank of China has announced that its digital currency can now be said to be ready. Speaking in a major event, the China forum as reported by local news site Shanghai Securities News on August 10, the deputy director of the people’s Bank of China (PBoC) Mu Changchun stated that over five years of rigorous research work has been put into creating a prototype that adopts the Blockchain architecture

Tether Plans to Issue Stablecoin Backed by Chinese Yuan

Tether Plans to Issue Stablecoin Backed by Chinese Yuan

Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.

HSBC and Wave Facilitate Blockchain-Powered Trade Between New Zealand and China

HSBC and Wave Facilitate Blockchain-Powered Trade Between New Zealand and China

HSBC and Wave facilitated a blockchain trade transaction for the shipment of milk powder from New Zealand dairy processor Fonterra to China’s Sichuan New Hope Trading.

Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival

Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival

A noteworthy panel followed on the topic of “defining the future of digital currency,” joined by Christian Catalini, co-creator of Libra and Head Economist of Calibra, Mu Changchun, Director-General of the Digital Currency Institute of the People’s Bank of China, HE Serey Chea, from the National Bank of Cambodia and Umar Farooq, Head of Blockchain at J.P. Morgan Chase & Co.

With 245 Investments and Financing Deals in Blockchain, Will China Carry on Its Expenditure in the Future?

With 245 Investments and Financing Deals in Blockchain, Will China Carry on Its Expenditure in the Future?

Xinhua reports that there is a 40% decline in Chinese investment and financial deals within blockchain technology

China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant

China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant

Mu Changchun, the Director-General of the Institute of Digital Currency of China’s central bank, People’s Bank of China spoke at one of the panels at the Singapore Fintech Festival held at the Singapore Expo on Nov. 12 regarding the future of digital currencies.

Present-day Blockchain Industry Hindered by Structural Scarcity of Talents

Present-day Blockchain Industry Hindered by Structural Scarcity of Talents

The growth of the current blockchain sector is being hampered by the lack of enough structural expertise.

China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted

China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted

One of China’s four largest banks, China Construction Bank (CCB) has officially released the second version of its blockchain platform for trade finance, reaching 360 billion yuan ($50 billion) in cumulative transaction volume. CCB announced the release of “BCTrade 2.0,” focusing on digitizing trade and financial services between 54 domestic and overseas CCB branches and 40 external organizations. Reported by Xinhua news, these organizations include state-owned banks and foreign banks.

Chinese Province Eyes Blockchain-Powered Points Reward System to Boost Tourism

Chinese Province Eyes Blockchain-Powered Points Reward System to Boost Tourism

Hainan, a southern island province of China, is developing a blockchain-enabled points reward program aimed at promoting tourism in the region.

Bitcoin Hash Rate Remains Steady as Miners are Wiped Out by China Floods

Bitcoin Hash Rate Remains Steady as Miners are Wiped Out by China Floods

Recent China floods did not affect the Bitcoin network hash rate. However, some miners were not spared as they were wiped out.

Alipay Officially Bans All Bitcoin-Related Transactions

Alipay Officially Bans All Bitcoin-Related Transactions

Alipay, one of the most popular digital payment systems under China’s Alibaba group, officially stated that it would be banning all payment transactions related to Bitcoin and other cryptocurrencies.

Facebook’s Libra Encouraged to Exclude the Chinese Yuan Being Tied to the Stablecoin

Facebook’s Libra Encouraged to Exclude the Chinese Yuan Being Tied to the Stablecoin

While Facebook is facing regulatory approvals for its Libra project, Facebook told US senators that the initial group of currencies that Libra will be likely backed by the US dollar, Euro, Yen, British Pound, and the Singapore dollar.

Nations Around the World Urged to Learn From China in Fighting Coronavirus Using Blockchain

Nations Around the World Urged to Learn From China in Fighting Coronavirus Using Blockchain

Different stakeholders are urging other nations to embrace China’s effective model in fighting this pandemic by deploying blockchain technology.

Baidu's Enterprise Blockchain Network Initiates Service for Developers and SMEs to Build Dapps

Baidu's Enterprise Blockchain Network Initiates Service for Developers and SMEs to Build Dapps

Enhancing China's initiative to adopt blockchain countrywide, internet giant Baidu will be launching a new blockchain-based service, through Xuperchain, for SME's and developers to use in the creation of decentralized applications.

Binance Continues to Show Support for Measures Against the Coronavirus

Binance Continues to Show Support for Measures Against the Coronavirus

With over a month gone since the outbreak of the now dreaded coronavirus, charity organizations, social groups have been credited with the progress being made to contain the spread of the disease.

Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks

Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks

Li Wei, the Technology Departmental Head of the People’s Bank of China, has urged Chinese commercial banks to embrace blockchain and digital finance.

Blockchain-Based Invoices Reached $1 Billion USD in China with 10 Million Invoices

Blockchain-Based Invoices Reached $1 Billion USD in China with 10 Million Invoices

Shenzhen’s pilot blockchain technology invoice system has reached a new milestone. The program known as ‘fapiao’ which allows the Chinese government to track purchases and prevent tax evasion, has just issued its 10 millionth invoice.

Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

The coronavirus is causing mass disruption throughout Asia and has now been declared a ‘global health emergency’ by the World Health Organisation. The Chinese government have taken drastic isolation measures and over 40 million people are effectively on lockdown. Two major crypto hardware manufacturers have been having difficulties servicing clients from their bases in China.

Crypto Powerhouse Binance Returns to China with an "Education-First" Blockchain Approach

Crypto Powerhouse Binance Returns to China with an "Education-First" Blockchain Approach

Cryptocurrency exchange Binance, famously exiled by China in early-2018 and later set up in Malta, is moving back to the country, choosing a blockchain-centric strategy over crypto.

Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

One of China's major banks, the Industrial and Commercial Bank of China (ICBC) has released its white paper on blockchain-based applications in the financial sector. The document is the first white paper related to blockchain technology in the financial industry. The paper also highlights the present challenges faced by the banking sector.

Resonate Partners with Fetch.ai, Rendering a Decentralized AI-Powered Social Media Experience

Resonate Partners with Fetch.ai, Rendering a Decentralized AI-Powered Social Media Experience

To offer users a personal AI-powered, decentralized, and trusted social media experience, Resonate, a decentralized social NFT platform, is leveraging the power of blockchain technology and machine learning provided by Fetch.ai.

Stern Warning on Crypto Trading by the China's Central Bank Prompts Bitcoin Bears

Stern Warning on Crypto Trading by the China's Central Bank Prompts Bitcoin Bears

Following a cryptocurrency trading clampdown threat by China's central bank, People’s Bank of China (PBoC), Bitcoin has seen losses of more than 10%. Its value has dropped below $7,000.

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Shanghai Municipal Commission of Commerce had signed a written proposal giving the Shanghai government departments and six financial companies an opportunity to establish an E-port area blockchain alliance with the sole aim of fostering international trade and financial services.

Fetch.ai Launches Blockchain-based File-Sharing Platform for Data Monetization Management

Fetch.ai Launches Blockchain-based File-Sharing Platform for Data Monetization Management

Fetch.ai, a machine learning-based blockchain platform, has rolled out an end-to-end encrypted file-sharing platform dubbed DabbaFlow to simplify and accelerate data sharing.

Child Porn Darknet Sites Surge with Crypto-Payments as Korean Police Hunt "Nth Room" Clientele

Child Porn Darknet Sites Surge with Crypto-Payments as Korean Police Hunt "Nth Room" Clientele

The use of cryptocurrencies like Bitcoin and Ethereum has become the preferred payment for internet based human trafficking and depraved services, which include blackmail porn and child sexual exploitation according to forensics firm Chainalysis.

First Chinese State-Backed Blockchain Firm "Tainted" the Nation's Image Due to the Export of Faulty COVID-19 Medical Supplies

First Chinese State-Backed Blockchain Firm "Tainted" the Nation's Image Due to the Export of Faulty COVID-19 Medical Supplies

Tus Data Asset, a blockchain firm based in Beijing, has been banned by the Chinese government from exporting medical supplies to other countries during the coronavirus pandemic.

Binance CEO: China is Setting the Precedent as a Blockchain Superhouse

Binance CEO: China is Setting the Precedent as a Blockchain Superhouse

Changpeng Zhao, commonly known as CZ, the CEO and founder of crypto exchange Binance, stipulated that the Chinese President’s calls will do wonders as they will instigate mass blockchain adoption.

Chinese Smart Courts Leveraging Blockchain and AI

Chinese Smart Courts Leveraging Blockchain and AI

Smart courts in China are reportedly leveraging a range of innovative technologies to settle legal cases. The online judiciary courts utilize big data, cloud computing, artificial intelligence, and blockchain.

Is NEO About To Crash? Developers Unleash 1.6 Million Tokens

Is NEO About To Crash? Developers Unleash 1.6 Million Tokens

Launched in 2014 as Antshares and later rebranded as NEO in 2017, the leading Chinese-based technology platform could now witness a massive price fluctuation in the market as its developers have unleashed 1.6 million NEO tokens which represent 2.3% of its total circulating supply.

Chinese Firms Hold Overwhelming Majority of Global Blockchain Patents

Chinese Firms Hold Overwhelming Majority of Global Blockchain Patents

Chinese firms have been stockpiling blockchain patent applications leaving other nations behind and outpacing the United States 3 to 1.

China is Expecting its First-Ever Blockchain Exchange-Traded Fund

China is Expecting its First-Ever Blockchain Exchange-Traded Fund

Shenzhen is expecting its nation’s first exchange-traded fund (ETF) that will track blockchain-themed stocks as underlying assets.

Cryptocurrencies Should be Given Room to Grow, Asserts IMF Chief

Cryptocurrencies Should be Given Room to Grow, Asserts IMF Chief

Christine Lagarde, the IMF Chief has asked financial players, such as central banks, to be open-minded when it comes to innovations, such as cryptocurrencies, as they should be given space to grow.

Huawei Secures Deal with One of China's Districts to Accelerate the Application of Blockchain Technology

Huawei Secures Deal with One of China's Districts to Accelerate the Application of Blockchain Technology

The Nanshan government of Shenzhen, in the southern Guangdong province in China, has recently announced an agreement with electronics giant Huawei Technologies to establish an information technology center, accelerating the application of technologies including blockchain, artificial intelligence in the district.

Chinese Military Likely to Employ Blockchain Management to Improve Performance

Chinese Military Likely to Employ Blockchain Management to Improve Performance

A report on Nov. 18 from the Chinese media Global Times, has stated that the Chinese military is likely to adopt blockchain technology to ensure proper management of personnel data, improve their training and performance in mission.

China's Bitmain shows Bitcoin Mining remains Profitable After Posting $300 Million in Revenues

China's Bitmain shows Bitcoin Mining remains Profitable After Posting $300 Million in Revenues

Bitmain, one of the largest mining equipment makers globally, has reported revenues of $300 million thus far in 2020. While its business has faced turmoil in recent times, the core strategy continues to reap benefits.

China’s Central Bank Partners with Commercial Banks and Telecom Giants to Test Digital Currency in Two Major Cities

China’s Central Bank Partners with Commercial Banks and Telecom Giants to Test Digital Currency in Two Major Cities

New developments of China’s central bank geared towards testing its digital currency electronic payment (DCEP) in the cities of Shenzhen and Suzhou. The People’s Bank of China, the country’s central bank is on track to become the first central bank on the globe to issue a national digital currency.

Ripple (XRP) CEO on How China Is Controlling Bitcoin and Will Potentially Dominate All Cryptocurrencies

Ripple (XRP) CEO on How China Is Controlling Bitcoin and Will Potentially Dominate All Cryptocurrencies

Ripple CEO Brad Garlinghouse explained why the majority of Bitcoin (BTC) was controlled by China, as he discussed the country's role in the blockchain sector.

Bitcoin Continues to See Gains After President Xi’s Announcement

Bitcoin Continues to See Gains After President Xi’s Announcement

China Merchants Bank (CMB) has recently announced an investment in crypto wallet BitPie. BitPie is one of the longest-running crypto wallets in China.

Chinese City Tests Blockchain-Powered Cross-Border Financial Platform

Chinese City Tests Blockchain-Powered Cross-Border Financial Platform

Nanning, a Southern Chinese City, located in Guangxi Region, has experimented with a blockchain-enabled cross-border financial platform.

China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'

China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'

China has been reportedly developing its central bank-issued digital currency for a while and is believed to be ready to launch by China’s central bank, People’s Bank of China (PBoC).

Huawei’s CEO Responds to Facebook: China Can Issue Its Own Libra

Huawei’s CEO Responds to Facebook: China Can Issue Its Own Libra

Ren Zhengfei, CEO of China’s Huawei believes that China can create their own digital currency in response to Facebook’s Libra.

Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention

Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention

During a recent inspection in Zhejiang, Chinese President Xi Jinping emphasized the necessity for the various decisions and arrangements of the government to plan for prevention and control of the coronavirus outbreak and economic and social development work.

Beijing Authorities Warns Institutions Not to Get Involved with Crypto

Beijing Authorities Warns Institutions Not to Get Involved with Crypto

Beijing’s local authorities in China have issued a new risk warning on cryptocurrency trading activities. The Beijing Local Financial Supervision Administration, the Business Management Department of the People’s Bank of China, the Beijing Banking and Insurance Regulatory Bureau and the Beijing Securities Regulatory released further measures to ask firms not to engage in crypto businesses.

China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute has signed an agreement with multinational telecommunications giant Huawei.

Chinese Version CBDC (Digital Yuan) Applied to Guangzhou Housing Provident Fund Loans

Chinese Version CBDC (Digital Yuan) Applied to Guangzhou Housing Provident Fund Loans

The Guangzhou Housing Provident Fund Management Center has successfully implemented the usage of the Chinese version of the Central Bank Digital Currency (CBDC), commonly known as the digital Yuan, for housing provident fund loans.

UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge

UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge

The UAE Central Bank achieved a significant milestone by executing its first cross-border digital dirham transfer worth 50 million dirhams ($13.6 million) to China using the mBridge platform on January 29, marking a new era in digital currency transactions.

Global Supply Chain Financing: A New Era of Resilience and Diversification

Global Supply Chain Financing: A New Era of Resilience and Diversification

Citi's 2024 report on supply chain financing highlights a shift towards resilience and diversification in global trade, emphasizing technological innovations and the adoption of the China Plus One strategy.

China Targets Overseas Telecom Fraud Leveraging Blockchain, Crypto, Metaverse, and AI

China Targets Overseas Telecom Fraud Leveraging Blockchain, Crypto, Metaverse, and AI

China's crackdown on overseas telecom fraud emphasizes legal action against crimes using blockchain, crypto, metaverse, and AI, aiming to protect public interests.

Three Metaverse Reference Rates From CME Group

Three Metaverse Reference Rates From CME Group

CME Group and CF Benchmarks will launch reference rates for Axie Infinity Shards AXS, Chiliz (CHZ), and Decentraland's MANA. Sector-specific portfolios may be priced using reference rates and indices. CME Group introduced Bitcoin and Ether options last year.

US Toughens Export Controls on Semiconductors to China Amid Military Concerns

US Toughens Export Controls on Semiconductors to China Amid Military Concerns

The US Department of Commerce tightened export controls on advanced computing semiconductors to China and other countries of concern to address national security threats posed by military modernization. The rules, effective from November 16, 2023, refine the parameters defining restricted chips, introduce a global licensing requirement, and expand controls on semiconductor manufacturing equipment. The update also adds certain PRC entities to the Entity List, requiring a BIS license for foundries manufacturing chips for these entities.

US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.

Avraham Eisenberg, Mango Markets Exploiter, Charged with Possession of Child Pornography

Avraham Eisenberg, Mango Markets Exploiter, Charged with Possession of Child Pornography

Avraham Eisenberg, convicted of fraud and market manipulation in a $110 million Mango Markets heist, has been charged with possession of child pornography after discovering explicit images of minors on his electronic devices.

NVIDIA Grace Hopper Superchip Boosts Murex MX.3 Performance, Enhances Energy Efficiency

NVIDIA Grace Hopper Superchip Boosts Murex MX.3 Performance, Enhances Energy Efficiency

NVIDIA's Grace Hopper Superchip improves Murex MX.3 analytics and reduces power usage.

Hong Kong Monetary Authority Warns About Phishing Messages Targeting China Construction Bank (Asia)

Hong Kong Monetary Authority Warns About Phishing Messages Targeting China Construction Bank (Asia)

HKMA issues alert on phishing instant messages involving China Construction Bank (Asia).

Hong Kong Monetary Authority Issues Warning on Fraudulent Banking Website

Hong Kong Monetary Authority Issues Warning on Fraudulent Banking Website

HKMA alerts public to fraudulent website linked to China CITIC Bank.

NVIDIA NIM Simplifies Deployment of LoRA Adapters for Enhanced Model Customization

NVIDIA NIM Simplifies Deployment of LoRA Adapters for Enhanced Model Customization

NVIDIA NIM eases deployment of LoRA adapters, optimizing large language model customization and performance.

Binance to Support Chiliz (CHZ) Network Upgrade and Hard Fork

Binance to Support Chiliz (CHZ) Network Upgrade and Hard Fork

Binance will suspend CHZ deposits and withdrawals for network upgrade and hard fork.

Chiliz (CHZ) Chain Unveils Dragon8 Hard Fork with Enhanced Tokenomics

Chiliz (CHZ) Chain Unveils Dragon8 Hard Fork with Enhanced Tokenomics

Chiliz (CHZ) has launched the Dragon8 hard fork on its blockchain, introducing substantial technological improvements and a new tokenomics model.

NVIDIA Introduces Omniverse Microservices to Enhance Physical AI Development

NVIDIA Introduces Omniverse Microservices to Enhance Physical AI Development

NVIDIA has launched Omniverse Cloud Sensor RTX, a set of microservices aimed at enhancing the development of autonomous machines through accurate sensor simulation.

Chiliz (CHZ) Announces $10,000 Hackathon to Innovate Sports Fan Engagement

Chiliz (CHZ) Announces $10,000 Hackathon to Innovate Sports Fan Engagement

Chiliz (CHZ) launches a hackathon challenging developers to create dApps for sports fan engagement, offering a $10,000 grand prize.

Hong Kong Monetary Authority Announces Results of RMB Bills Tender

Hong Kong Monetary Authority Announces Results of RMB Bills Tender

The Hong Kong Monetary Authority revealed the results of the People’s Bank of China RMB Bills tender held on June 19, 2024.

Gala: Kimchi Craze Hits Common Ground World with New Exciting Updates

Gala: Kimchi Craze Hits Common Ground World with New Exciting Updates

Common Ground World introduces Kimchi Craze, new crafts, and upcoming events for July 2024. Learn about new rewards and game tips.

LangChain Introduces Self-Improving Evaluators for LLM-as-a-Judge

LangChain Introduces Self-Improving Evaluators for LLM-as-a-Judge

LangChain's new self-improving evaluators for LLM-as-a-Judge aim to align AI outputs with human preferences, leveraging few-shot learning and user feedback.

NVIDIA Unveils DoRA: A Superior Fine-Tuning Method for AI Models

NVIDIA Unveils DoRA: A Superior Fine-Tuning Method for AI Models

NVIDIA introduces DoRA, a robust alternative to LoRA, enhancing AI model fine-tuning without additional inference costs.

NVIDIA FLARE Enhances Federated XGBoost for Efficient Machine Learning

NVIDIA FLARE Enhances Federated XGBoost for Efficient Machine Learning

NVIDIA has integrated Federated XGBoost with FLARE, boosting machine learning productivity by enabling concurrent experiments, fault tolerance, and enhanced tracking.

Chiliz (CHZ) Partners with PUML to Enhance Fan Engagement with Gamified Health and Wellness

Chiliz (CHZ) Partners with PUML to Enhance Fan Engagement with Gamified Health and Wellness

Chiliz (CHZ) partners with PUML Better Health to introduce a gamified health and wellness platform, enhancing fan engagement through Move to Earn and daily challenges.

NVIDIA Unveils AutoMate for Advancing Robotic Assembly Skills

NVIDIA Unveils AutoMate for Advancing Robotic Assembly Skills

NVIDIA introduces AutoMate, a framework that enhances robotic assembly skills across diverse geometries, demonstrating zero-shot sim-to-real transfer capabilities.

Outsourcing Agentic Infrastructure: A Strategic Approach to Cognitive Architecture

Outsourcing Agentic Infrastructure: A Strategic Approach to Cognitive Architecture

Discover the importance of outsourcing agentic infrastructure while owning cognitive architecture for efficient and reliable agent applications.

LangChain: Understanding Cognitive Architecture in AI Systems

LangChain: Understanding Cognitive Architecture in AI Systems

Explore the concept of cognitive architecture in AI, outlining various levels of autonomy and their applications in LLM-driven systems.

HKMA Warns Public About Fraudulent Website and Phishing Emails Linked to China CITIC Bank International

HKMA Warns Public About Fraudulent Website and Phishing Emails Linked to China CITIC Bank International

The Hong Kong Monetary Authority (HKMA) alerts the public about a fraudulent website and phishing emails linked to China CITIC Bank International Limited.

Alchemy Pay Expands Support to Chiliz (CHZ) Chain and Fan Tokens

Alchemy Pay Expands Support to Chiliz (CHZ) Chain and Fan Tokens

Alchemy Pay extends its fiat-crypto gateway support to Chiliz (CHZ) Chain and various Fan Tokens, enhancing fan engagement in sports and entertainment.

Llama-3 Fine-Tuning Achieves 90% of GPT-4's Performance at Lower Cost

Llama-3 Fine-Tuning Achieves 90% of GPT-4's Performance at Lower Cost

Llama-3 fine-tuning demonstrates significant performance gains, achieving 90% of GPT-4's accuracy at a fraction of the cost, according to together.ai.

BSC Young Boys NFTs Transition to Chiliz (CHZ) Chain in Major Migration

BSC Young Boys NFTs Transition to Chiliz (CHZ) Chain in Major Migration

BSC Young Boys will migrate their entire NFT ecosystem from Flow blockchain to Chiliz (CHZ) Chain, enhancing fan experience and NFT management.

Unlock Exclusive Rewards with 'Chicago, I'm Home' Mystery Boxes

Unlock Exclusive Rewards with 'Chicago, I'm Home' Mystery Boxes

Gala Film introduces 'Chicago, I'm Home' Mystery Boxes, offering exclusive Barry Brewer and Gala Film prizes and unlocking Expansions.

Enhancing Agent Planning: Insights from LangChain

Enhancing Agent Planning: Insights from LangChain

LangChain explores the limitations and future of planning for agents with LLMs, highlighting cognitive architectures and current fixes.

PyTorch Revolutionizes AI Accessibility for Developers

PyTorch Revolutionizes AI Accessibility for Developers

PyTorch, the deep-learning framework, is significantly enhancing AI accessibility for developers, backed by AMD's robust hardware support.

Enhancing AI Search Precision: NVIDIA Boosts RAG Pipelines with Re-Ranking

Enhancing AI Search Precision: NVIDIA Boosts RAG Pipelines with Re-Ranking

NVIDIA introduces re-ranking to improve the precision and relevance of AI-driven enterprise search results, enhancing RAG pipelines and semantic search.

GitHub Models: Revolutionizing AI Engineering for Over 100 Million Users

GitHub Models: Revolutionizing AI Engineering for Over 100 Million Users

GitHub introduces GitHub Models, enabling developers to leverage industry-leading AI models directly on the platform.

Cornell Lecturer Develops AI-Powered Teaching Assistant to Revolutionize Education

Cornell Lecturer Develops AI-Powered Teaching Assistant to Revolutionize Education

Cornell lecturer Lutz Finger introduces S.A.I., an innovative AI teaching assistant, to make AI education more engaging and accessible.

Ray Training Day 2024: Enhance Your AI and ML Skills in San Francisco

Ray Training Day 2024: Enhance Your AI and ML Skills in San Francisco

Join Ray Training Day on September 30, 2024, in San Francisco for a comprehensive training session on GenAI and LLMs led by Ray experts.

NVIDIA Enhances TensorRT Model Optimizer v0.15 with Improved Inference Performance

NVIDIA Enhances TensorRT Model Optimizer v0.15 with Improved Inference Performance

NVIDIA releases TensorRT Model Optimizer v0.15, offering enhanced inference performance through new features like cache diffusion and expanded AI model support.

NVIDIA Unveils Pruning and Distillation Techniques for Efficient LLMs

NVIDIA Unveils Pruning and Distillation Techniques for Efficient LLMs

NVIDIA introduces structured pruning and distillation methods to create efficient language models, significantly reducing resource demands while maintaining performance.

OpenAI Introduces Fine-Tuning for GPT-4o to Enhance Application Performance

OpenAI Introduces Fine-Tuning for GPT-4o to Enhance Application Performance

OpenAI launches fine-tuning for GPT-4o, allowing users to customize and improve model performance and accuracy for specific applications.

AI21 Labs Unveils Jamba 1.5 LLMs with Hybrid Architecture for Enhanced Reasoning

AI21 Labs Unveils Jamba 1.5 LLMs with Hybrid Architecture for Enhanced Reasoning

AI21 Labs introduces Jamba 1.5, a new family of large language models leveraging hybrid architecture for superior reasoning and long context handling.

Understanding Virtual Machines: A Deep Dive by Gala News

Understanding Virtual Machines: A Deep Dive by Gala News

Gala News explains the concept of Virtual Machines (VMs), their uses in development, cloud computing, and security, making complex tech jargon accessible.

China Forestry Executives Found Guilty of Market Misconduct

China Forestry Executives Found Guilty of Market Misconduct

The Market Misconduct Tribunal finds China Forestry's former chairman and CEO guilty of false disclosures and insider trading.

NVIDIA Opens Applications for $60,000 Graduate Fellowship Awards

NVIDIA Opens Applications for $60,000 Graduate Fellowship Awards

NVIDIA's Graduate Fellowship Program is now accepting applications, offering up to $60,000 for doctoral students in AI, machine learning, and more.

HKMA Warns Public of Phishing Scams Impersonating Bank of China (Hong Kong)

HKMA Warns Public of Phishing Scams Impersonating Bank of China (Hong Kong)

Hong Kong Monetary Authority alerts public about phishing scams involving fake instant messages related to Bank of China (Hong Kong) Limited.

HKMA Warns Public About Fraudulent Websites and Phishing Messages Linked to Bank of China (Hong Kong)

HKMA Warns Public About Fraudulent Websites and Phishing Messages Linked to Bank of China (Hong Kong)

The Hong Kong Monetary Authority (HKMA) alerts the public about fraudulent websites and phishing messages linked to Bank of China (Hong Kong).

Enhancing Recommender Systems with Co-Visitation Matrices and RAPIDS cuDF

Enhancing Recommender Systems with Co-Visitation Matrices and RAPIDS cuDF

Learn how to build efficient recommender systems using co-visitation matrices and RAPIDS cuDF for faster data processing and improved personalization.

NVIDIA to Showcase Data Center Innovations at Hot Chips 2024

NVIDIA to Showcase Data Center Innovations at Hot Chips 2024

NVIDIA engineers to unveil advancements in the Blackwell platform, liquid cooling, and AI-driven chip design at Hot Chips 2024.

TEAL Introduces Training-Free Activation Sparsity to Boost LLM Efficiency

TEAL Introduces Training-Free Activation Sparsity to Boost LLM Efficiency

TEAL offers a training-free approach to activation sparsity, significantly enhancing the efficiency of large language models (LLMs) with minimal degradation.

Innovators Harry Grieve and Ben Fielding Discuss Building Gensyn

Innovators Harry Grieve and Ben Fielding Discuss Building Gensyn

Harry Grieve and Ben Fielding discuss the significance of building Gensyn, a decentralized machine learning compute protocol, and its impact on the future of tech.

Mistral AI Unveils Pixtral 12B: A Groundbreaking Multimodal Model

Mistral AI Unveils Pixtral 12B: A Groundbreaking Multimodal Model

Mistral AI introduces Pixtral 12B, a state-of-the-art multimodal model excelling in text and image tasks, with notable performance in instruction following and reasoning.

IBM Unveils Breakthroughs in PyTorch for Faster AI Model Training

IBM Unveils Breakthroughs in PyTorch for Faster AI Model Training

IBM Research reveals advancements in PyTorch, including a high-throughput data loader and enhanced training throughput, aiming to revolutionize AI model training.

NVIDIA GH200 Superchip Achieves Remarkable Results in MLPerf Inference v4.1

NVIDIA GH200 Superchip Achieves Remarkable Results in MLPerf Inference v4.1

NVIDIA's GH200 Grace Hopper Superchip excels in MLPerf Inference v4.1, showcasing high performance in generative AI benchmarks and enterprise applications.

Enhancing LLMs: Memory Augmentation Shows Promise

Enhancing LLMs: Memory Augmentation Shows Promise

IBM Research explores memory augmentation techniques to improve large language models (LLMs), enhancing accuracy and efficiency without retraining.

HKMA Issues Alert on Fraudulent Website Linked to Bank of China (Hong Kong)

HKMA Issues Alert on Fraudulent Website Linked to Bank of China (Hong Kong)

The Hong Kong Monetary Authority alerts the public about a fraudulent website linked to Bank of China (Hong Kong) Limited.

NVIDIA Modulus Revolutionizes CFD Simulations with Machine Learning

NVIDIA Modulus Revolutionizes CFD Simulations with Machine Learning

NVIDIA Modulus is transforming computational fluid dynamics by integrating machine learning, offering significant computational efficiency and accuracy enhancements for complex fluid simulations.

Mistral AI Unveils Ministral 3B and 8B Models for Edge Computing

Mistral AI Unveils Ministral 3B and 8B Models for Edge Computing

Mistral AI introduces Ministral 3B and 8B, state-of-the-art models for edge computing. These models promise low-latency and efficient performance for diverse applications.

AI Enhances Extreme Weather Forecasting Capabilities Up to 23 Days

AI Enhances Extreme Weather Forecasting Capabilities Up to 23 Days

University of Washington researchers have advanced AI models to predict extreme weather events up to 23 days ahead, potentially aiding in disaster preparedness.

NVIDIA GH200 Superchip Boosts Llama Model Inference by 2x

NVIDIA GH200 Superchip Boosts Llama Model Inference by 2x

The NVIDIA GH200 Grace Hopper Superchip accelerates inference on Llama models by 2x, enhancing user interactivity without compromising system throughput, according to NVIDIA.

Anyscale and Astronomer Collaborate to Enhance Scalable Machine Learning

Anyscale and Astronomer Collaborate to Enhance Scalable Machine Learning

Anyscale partners with Astronomer to streamline machine learning workflows using Apache Airflow and Ray, enhancing scalability and efficiency for data teams.

Chiliz (CHZ) Holders Face Cancellation of 1000PEPPER Airdrop

Chiliz (CHZ) Holders Face Cancellation of 1000PEPPER Airdrop

Binance announces the cancellation of the planned fourth airdrop snapshot for Chiliz (CHZ) holders, affecting the distribution of 1000PEPPER tokens.

National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers

National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers

The Acting President of the National Bank of Georgia, Archil Mestvirishvili, stated that the bank has not only been monitoring the observance of financial sanctions but also expanded its oversight to virtual asset service providers.

Chiliz (CHZ) Chain Announces Tokenomics 2.0 with Inflation Model and Burn Mechanism

Chiliz (CHZ) Chain Announces Tokenomics 2.0 with Inflation Model and Burn Mechanism

Chiliz Chain introduces Tokenomics 2.0, enhancing utility and blockchain longevity with an 8.80% base rate and token burn mechanism, aiming for a minimum annual yield of 5.72% APY.

Conflux to Deploy Uniswap v3 on Network

Conflux to Deploy Uniswap v3 on Network

Conflux plans to deploy Uniswap v3 on its network, offering access to millions of potential new users in the Chinese and Asian markets. The move comes after the Uniswap v3 code license expired, allowing developers to fork the protocol and deploy their own decentralized exchange. Conflux has experienced a spike in traffic in the first quarter of 2023 and has a market capitalization of nearly $1 billion.

Microsoft Develops Secret AI Chips to Reduce Development Costs

Microsoft Develops Secret AI Chips to Reduce Development Costs

Microsoft has been developing its own AI chips since 2019 to reduce reliance on Nvidia’s GPUs due to rising costs. The project, called “Athena,” is already being tested by Microsoft’s machine-learning staff and OpenAI developers.

Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold

Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold

The Bank of China's Shanghai branch successfully settled a $14 million e-CNY CBDC for gold, marking a significant advancement in digital currency's role in international trade.

Chia Network Joins Crypto Lobbying Group Blockchain Association

Chia Network Joins Crypto Lobbying Group Blockchain Association

Chia Network Inc. announced that it has become a member of a Blockchain Association, an industry leader championing the collaboration and innovation necessary to support U.S. leadership in the crypto industry.

Liquid Partners with Binance to Enhance Identity Verification with eKYC Solution in Japan

Liquid Partners with Binance to Enhance Identity Verification with eKYC Solution in Japan

Liquid Inc. teams up with Binance to provide eKYC identity verification in Japan, leveraging AI-based facial authentication for secure and compliant user verification.

Former Twitter CEO Parag Agrawal's AI Startup Raises $30 Million

Former Twitter CEO Parag Agrawal's AI Startup Raises $30 Million

Ex-Twitter CEO Parag Agrawal's new AI startup secures $30 million in funding, focusing on software for large language model developers. Backed by prominent investors, the venture reflects Agrawal's shift from social media to AI innovation.

Binance Integrates AI Chatbot ChatGPT into Its Education Platform

Binance Integrates AI Chatbot ChatGPT into Its Education Platform

Binance, the cryptocurrency exchange and blockchain developer, has integrated the AI chatbot ChatGPT into its education platform, Binance Academy. The new AI-driven tool, known as Binance Sensei, sources answers from Binance Academy's education platform using machine learning to help users answer questions related to Web3. However, the integration of AI in education has sparked concerns about the potential misuse of the technology.

Bank of China Launches e-CNY Smart Contract Product for Off-campus School Education

Bank of China Launches e-CNY Smart Contract Product for Off-campus School Education

The Bank of China, in collaboration with the Education Bureau and financial authorities of Longquanyi District, Chengdu, has launched an educational electronic RMB smart contract prepaid fund management product, according to Chinese news media Sohu.com.

North Korean Hackers Breach JumpCloud, Signaling a Shift in Crypto-Heist Strategy

North Korean Hackers Breach JumpCloud, Signaling a Shift in Crypto-Heist Strategy

According to Reuters, JumpCloud, an American IT management company based in Louisville, Colorado, confirmed a system breach in late June 2023 by a North Korean government-backed hacking group .

Hedera Mainnet Exploited, Leading to Theft of Liquidity Pool Tokens

Hedera Mainnet Exploited, Leading to Theft of Liquidity Pool Tokens

Hedera Hashgraph has confirmed a smart contract exploit on its mainnet, resulting in the theft of liquidity pool tokens from decentralized exchanges (DEXs) that use code derived from Uniswap v2 on Ethereum. The suspicious activity was detected when the attacker attempted to move the stolen tokens across the Hashport bridge, leading operators to temporarily pause the bridge. The exact amount of tokens stolen is unknown, and the Hedera team is working on a solution to remove the vulnerability.

China intensifies focus on blockchain despite cryptocurrency stance

China intensifies focus on blockchain despite cryptocurrency stance

China's Ministry of Industry and Information Technology aims to improve its blockchain technology standards by 2025, calling for public opinion on the draft guidelines. Blockchain is listed as a target industry for growth in the country's 5-year plan.

UNICEF to Commemorate its 75th Anniversary of Changing Children’s Lives by Selling 1,000 NFTs

UNICEF to Commemorate its 75th Anniversary of Changing Children’s Lives by Selling 1,000 NFTs

To celebrate efforts of saving children's lives and defending their rights for seventy-five years, UNICEF intends to sell 1,000 data-driven NFTs.

China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining

China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining

Anhui, an eastern Chinese province, has become the latest region to shut down all crypto mining activities, according to local media, citing an acute power shortage.

Shaping the Future of Banking: Standard Chartered and PwC China Release White Paper on Central Bank Digital Currency"

Shaping the Future of Banking: Standard Chartered and PwC China Release White Paper on Central Bank Digital Currency"

Standard Chartered, in collaboration with PwC China, have co-published a comprehensive white paper detailing the potential advancements in the future of banking, courtesy of Central Bank Digital Currency (CBDC).

AI Image Service Bans Xi Jinping Pictures

AI Image Service Bans Xi Jinping Pictures

Midjourney, an AI image generation service, has banned users from creating pictures of Chinese President Xi Jinping. However, users have found a workaround by creating deepfakes instead. Midjourney has disabled access to its free trial version to prevent the proliferation of deepfakes on its platform. The ban has sparked criticism from some, who argue that it is a form of censorship and undermines free speech.

China and Singapore establish task force for green finance cooperation

China and Singapore establish task force for green finance cooperation

China and Singapore have formed a task force to collaborate on green and transition finance initiatives. The China-Singapore Green Finance Taskforce (GFTF) will focus on developing financial standards, products, and technologies to support a low-carbon future in the region. The task force will also facilitate greater public-private sector collaboration and strengthen sustainability bond market connectivity.

UK to Invest £100m in Global AI Chips Race

UK to Invest £100m in Global AI Chips Race

The UK government commits £100M to fortify its position in the AI chip market, targeting essential components from Nvidia, AMD, and Intel. Despite this, concerns arise about the UK's global semiconductor share and its comparison to the US and EU investments. Amid geopolitical tensions, the UK plans an AI summit and emphasizes its dedication to being a global AI leader.

Archipelago Trading Services Settles with SEC for $1.5 Million Over Unfiled SARs

Archipelago Trading Services Settles with SEC for $1.5 Million Over Unfiled SARs

Archipelago Trading Services Inc. will pay $1.5 million to the SEC for failing to file hundreds of Suspicious Activity Reports between 2012 and 2020, despite daily high-risk transactions.

US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official

US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.

Intel to Discontinue Blockscale Bitcoin Mining Chips

Intel to Discontinue Blockscale Bitcoin Mining Chips

Intel plans to cut costs by discontinuing its Blockscale Bitcoin mining chips, with the company stopping orders for the ASICs by Oct. 20 and ending shipping roughly in April 2024. Intel launched the Blockscale mining chips in April 2022 with a hash rate of up to 580 gigahash per second. The move is part of Intel's strategy to prioritize certain chips for outside customers while monitoring market opportunities in the crypto space.

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024.

Bank of China Hong Kong Completes Digital RMB Sandbox Trial

Bank of China Hong Kong Completes Digital RMB Sandbox Trial

Bank of China Hong Kong announces that the second phase of its digital Renminbi (e-CNY) priority experience events, staged in collaboration with Bank of China's mainland branches, was a success.

Vitalik Buterin Proposes Zero-Knowledge Ethereum Virtual Machines on Ethereum Layer 1

Vitalik Buterin Proposes Zero-Knowledge Ethereum Virtual Machines on Ethereum Layer 1

Vitalik Buterin suggests implementing zero-knowledge Ethereum Virtual Machines (zk-EVMs) on the Ethereum base layer to accelerate the verification process on the blockchain without compromising decentralization and security. The technology enables smart contract execution on the blockchain with ZK proofs. It would be the third type of Ethereum client, along with the consensus and execution clients. By integrating zk-EVMs at the Ethereum layer 1, Ethereum would remain decentralized and new clients could be developed, further decentralizing Ethereum at the base layer.

Commodities Slump on China's Economic Headwinds

Commodities Slump on China's Economic Headwinds

Commodity prices dropped 9% amid China's economic woes affecting demand, including COVID-19 and property sector issues. Crude oil prices fell sharply. Despite a positive long-term outlook, short-term risks remain.

xAI's Grok: Musk's Novel AI Chatbot with Real-Time Insights

xAI's Grok: Musk's Novel AI Chatbot with Real-Time Insights

Elon Musk's xAI unveiled Grok, an AI chatbot, inspired by 'The Hitchhiker's Guide to the Galaxy, providing real-time world knowledge and answering questions with humor, outperforming other models.

El Salvador Relaunches Chivo Wallet and Plans to Roll Out 1,500 BTC ATMs Nationwide

El Salvador Relaunches Chivo Wallet and Plans to Roll Out 1,500 BTC ATMs Nationwide

El Salvador relaunches the Chivo Wallet, which promises to enable instant low-fee Bitcoin transactions by integrating with white-label infrastructure provider AlphaPoint while addressing issues related to stability and scalability.

Chinese President Xi Jinping Highlights the Transformative Impact of Blockchain and AI on Global Industries

Chinese President Xi Jinping Highlights the Transformative Impact of Blockchain and AI on Global Industries

Chinese President Xi Jinping praised emerging technologies like AI and blockchain at the 2023 China International Intelligent Industry Expo, highlighting their potential global implications.

California Authorities Demand MyConstant Stop Crypto-Lending

California Authorities Demand MyConstant Stop Crypto-Lending

The California Department of Financial Protection and Innovation (DFPI) has ordered MyConstant to stop selling many crypto-related products due to state securities law breaches. The company's peer-to-peer loan brokering and interest-bearing crypto asset accounts violate California securities and consumer financial laws.

Georgia Proposes Bill Where Crypto Will be Part of High School Curriculum

Georgia Proposes Bill Where Crypto Will be Part of High School Curriculum

Georgia lawmakers have passed a bill that recommends cryptocurrency to be integrated into the high school curriculum.

Yotta Data Services Boosts Indian AI Capabilities with Nvidia Chip Acquisition

Yotta Data Services Boosts Indian AI Capabilities with Nvidia Chip Acquisition

Yotta Data Services in Mumbai has empowered India's tech landscape by acquiring Nvidia AI chips, a move set to democratize AI solutions for local businesses and startups.

Coinbase Rolls Out AI-Driven ERC-20 Scam Token Detection System

Coinbase Rolls Out AI-Driven ERC-20 Scam Token Detection System

Chief Legal Officer Paul Grewal unveils Coinbase's ERC-20 Scam Token Detection System, combining smart contract auditing with machine learning to tackle crypto scams. Disclosed on October 6, 2023, this initiative enhances security and trust in token listings on the platform.

NFT project Doodles pivots to become media franchise

NFT project Doodles pivots to become media franchise

Doodles, an NFT project, has announced plans to pivot to become a media franchise. The move is intended to focus on loyal collectors and move away from financial speculators.

Samsung Secures $6.4 Billion in US Government Grants for Chip Manufacturing Expansion in Texas

Samsung Secures $6.4 Billion in US Government Grants for Chip Manufacturing Expansion in Texas

Samsung Electronics has secured $6.4 billion in US government grants to expand its Texas chip manufacturing operations, aiming to boost production for automotive, aerospace, and defense industries, including two production facilities and a research center.

Reuters: U.S. Aims to Thwart Chinese Access to AI Chips via Overseas Outlets

Reuters: U.S. Aims to Thwart Chinese Access to AI Chips via Overseas Outlets

The U.S. is contemplating tightening restrictions to prevent Chinese firms from accessing American AI chips via overseas outlets, reinforcing its stance on curbing China's AI military advancements. The move comes amid existing challenges in enforcing export controls, with the new rules expected to broaden the scope of restrictions on the AI chip market.

WEMIX and Mirana Ventures Fuel Chinese Blockchain Gaming with $30M Fund

WEMIX and Mirana Ventures Fuel Chinese Blockchain Gaming with $30M Fund

WEMIX PTE. LTD. has invested in five Chinese game developers through a $30 million blockchain game-specialized fund, created with Mirana Ventures. This move aims to nurture blockchain gaming enterprises and expand the WEMIX3.0 ecosystem. The fund, part of a joint initiative with Mirana Ventures, an investment division of Bybit, has already utilized $6.4 million. The investees, working on diverse game genres, will feature their games on WEMIX PLAY, a blockchain game platform under WEMIX3.0.

Conflux to Deploy Uniswap v3 on Its Blockchain

Conflux to Deploy Uniswap v3 on Its Blockchain

Conflux plans to deploy Uniswap v3 on its blockchain, which would offer access to millions of potential new users, particularly in China and Asian markets. This comes days after the Uniswap v3 code license expired, allowing developers to fork the protocol and deploy their own decentralized exchange. Conflux has a market capitalization of nearly $1 billion and has $45 million in total value locked on-chain. The network also announced a partnership with China Telecom to develop a blockchain SIM card.

Taiwan FSC to regulate crypto

Taiwan FSC to regulate crypto

Taiwan's top administrative authority, the Legislative Yuan, will regulate cryptocurrencies via the Financial Supervisory Commission (FSC). Chairman Huang Tien-mu declared that the FSC would supervise Taiwan's crypto business, but not NFTs. The FSC should create and adopt a crypto regulatory framework by March or April. This follows continuous tensions with China, which views Taiwan as a separatist province it intends to dominate.

China's Supreme People's Procuratorate Examines Legal Issues of NFTs Amid Booming Digital Economy

China's Supreme People's Procuratorate Examines Legal Issues of NFTs Amid Booming Digital Economy

China's Supreme People's Procuratorate has turned its attention to the legal challenges associated with non-fungible tokens (NFTs), amidst the booming digital economy, according to an announcement made on its website.

Massive Online Transition for Tax and Fee Business in China, Digital Yuan Payment in Pilot Use

Massive Online Transition for Tax and Fee Business in China, Digital Yuan Payment in Pilot Use

Shen Xinguo, Director of the Taxpayer Services Division of the State Administration of Taxation, announced that 96% of tax matters and 99% of tax declarations in China can now be handled online, marking a significant move towards digitalization in the country's financial sector.

Craig S. Wright Explores 'Code is Law' Paradigm in Digital Governance Debate

Craig S. Wright Explores 'Code is Law' Paradigm in Digital Governance Debate

Dr. Craig Wright's blog post on "Open-Source Development" rekindles debate on "Code is Law" principle, emphasizing the need for a balanced approach balancing code precision with legal considerations.

Chinese Authorities Crack Down on 54.8 Million USDT Money Laundering Scheme

Chinese Authorities Crack Down on 54.8 Million USDT Money Laundering Scheme

Chinese authorities crack a major USDT-linked money laundering case, arresting 21 suspects and seizing over 1M yuan.

California Court Fines Crowd Machine and Metavine in ICO Case

California Court Fines Crowd Machine and Metavine in ICO Case

A California court orders Crowd Machine and Metavine to pay over $20 million for an unlawful 2018 ICO, highlighting the importance of adhering to securities laws in the crypto industry.

Amazon Invests $4 Billion in AI Startup Anthropic for Advanced Foundation Models

Amazon Invests $4 Billion in AI Startup Anthropic for Advanced Foundation Models

Amazon and AI startup Anthropic have entered into a $4 billion investment agreement to develop advanced foundation models. The collaboration will provide Anthropic with AWS resources and allow Amazon to build on Anthropic's AI models. Both companies are committed to AI safety and responsible scaling.

AI Image Editing: The Rise of Unified Concept Editing in Diffusion Models

AI Image Editing: The Rise of Unified Concept Editing in Diffusion Models

Exploring the groundbreaking advancements in AI with Unified Concept Editing in diffusion models, offering enhanced precision and control in image editing.

Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized

Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized

The Indian Supreme Court's decision not to accept a PIL for cryptocurrency regulation underscores the legislative nature of such regulations and the ongoing regulatory uncertainty in the crypto sector.

Chief Justice Roberts Calls for Caution with AI in Legal Field

Chief Justice Roberts Calls for Caution with AI in Legal Field

Chief Justice John Roberts advocates for legal caution in utilizing AI due to privacy and human judgment concerns, proposing rules for lawyers to verify the accuracy of AI-generated court papers.

OKX Launches AI Integration for Crypto Market Volatility

OKX Launches AI Integration for Crypto Market Volatility

OKX has partnered with EndoTech.io to utilize AI algorithms for real-time analysis of data and trading opportunities, specifically to capture crypto market volatility. This new integration follows the recent announcement of OKX expanding its services to Australia while shutting down operations in Canada.

China Alerts on Foreign Mapping Firms Using Crypto Rewards for Sensitive Data Collection

China Alerts on Foreign Mapping Firms Using Crypto Rewards for Sensitive Data Collection

The Chinese Ministry of State Security issues a warning about foreign mapping companies using cryptocurrency rewards to encourage unauthorized sensitive geographical data collection in China, posing a threat to national security.

Entertainment Platform CHILI Partners with Coinbar to Accept Crypto Payments

Entertainment Platform CHILI Partners with Coinbar to Accept Crypto Payments

European entertainment video-on-demand platform CHILI has announced a partnership with blockchain fintech firm Coinbar to accept Bitcoin, XRP, DigitalBits and Tether for purchases.

China Guangzhou Public Transport Launches Digital RMB Payment Function

China Guangzhou Public Transport Launches Digital RMB Payment Function

China's Guangzhou became the first city to launch a pilot function of a digital RMB payment code to pay for bus rides.

German Bundesliga Features in Blockchain Fantasy Football Platform Sorare

German Bundesliga Features in Blockchain Fantasy Football Platform Sorare

Sorare, an Ethereum-backed fantasy football platform has announced its latest partnership with the top two leagues in Germany, the top-flight Bundesliga, and Bundesliga 2 DE.

China Mobile Launches Metaverse Industry Alliance, Involving Tech Giants Like Huawei and Xiaomi

China Mobile Launches Metaverse Industry Alliance, Involving Tech Giants Like Huawei and Xiaomi

On June 28, 2023, in Shanghai, China Mobile announced the formal establishment of the China Mobile Metaverse Industry Alliance during the Mobile World Congress (MWC) Shanghai 2023. This initiative marks a significant stride in China Mobile's strategic foray into the rapidly expanding metaverse landscape.

VanEck Announces Launch of Ethereum Futures ETF (EFUT)

VanEck Announces Launch of Ethereum Futures ETF (EFUT)

VanEck announces the launch of VanEck Ethereum Strategy ETF (EFUT), targeting Ethereum futures contracts for capital appreciation. EFUT, listed on CBOE, complements VanEck's Bitcoin ETF (XBTF) with a tax-efficient structure.

Local Officials Set Ambitious Targets for Digital Yuan Transactions

Local Officials Set Ambitious Targets for Digital Yuan Transactions

In 2022, the e-CNY processed $50.5 billion in municipal transactions.

Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions

Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions

Bitfinex has integrated Tether Gold transactions via the Polygon zkEVM transport layer, marking a significant step towards cost-effective and secure digital asset transactions from October 11, 2023.

FTX Founder Faces New Charges, Including Alleged $40M Bribe

FTX Founder Faces New Charges, Including Alleged $40M Bribe

FTX founder Sam Bankman-Fried is facing a new 13-count indictment, including an alleged $40 million bribe to a Chinese government official. The bribe was reportedly intended to unfreeze cryptocurrency accounts at FTX's affiliate firm, Alameda Research, which held over $1 billion worth of cryptocurrency.

QNB Extends RippleNet Remittance Transfer to the Phillippines

QNB Extends RippleNet Remittance Transfer to the Phillippines

The duo of the Qatari National Bank (QNB) and China Banking Corporation (China Bank), are expanding the remittance capabilities of the RippleNet protocol for the benefit of Filipinos living in Qatar.

UK to Invest £100m in Global AI Chips Race

UK to Invest £100m in Global AI Chips Race

The UK government commits £100M to fortify its position in the AI chip market, targeting essential components from Nvidia, AMD, and Intel. Despite this, concerns arise about the UK's global semiconductor share and its comparison to the US and EU investments. Amid geopolitical tensions, the UK plans an AI summit and emphasizes its dedication to being a global AI leader.

US Authorities Uncover Chinese-linked Bitcoin Mining Operations

US Authorities Uncover Chinese-linked Bitcoin Mining Operations

US authorities have identified a significant number of Chinese-linked Bitcoin mining operations across the United States, sparking national security concerns. Published by The New York Times on October 13, the report highlights the close proximity of some of these operations to critical military and infrastructure sites. Amidst escalating US-China political tensions, the surge in Chinese Bitcoin mining operations in the US, coupled with their substantial energy consumption, poses critical questions regarding cybersecurity, energy sustainability, and geopolitical dynamics.

Ecommerce Giant JD.com Accepts China’s Digital Yuan as Payments on Singles Day Shopping Fest

Ecommerce Giant JD.com Accepts China’s Digital Yuan as Payments on Singles Day Shopping Fest

Top ecommerce JD.com accepted China’s digital currency payments during its 11-day Singles Day sales event.

China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies

China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies

Chinese authorities have dismantled a $2.2 billion underground banking network that used cryptocurrencies to bypass financial controls, seizing $28,000 worth of digital currencies.

Chinese Banks Support Hong Kong Crypto Firms

Chinese Banks Support Hong Kong Crypto Firms

Chinese state-owned banks in Hong Kong are offering banking services to crypto firms ahead of a new licensing regime for crypto exchanges in June. Despite an ongoing crypto ban in China, representatives from Chinese banks have reportedly approached crypto firms in Hong Kong to offer banking services.

HSBC CEO: No Plans for Launching Crypto Trading

HSBC CEO: No Plans for Launching Crypto Trading

HSBC revealed that the bank has no plan to offer virtual currency as investments to their clients by starting cryptocurrency trading.

Crypto Trading Volumes in Exchanges Sank by Over 40% in June

Crypto Trading Volumes in Exchanges Sank by Over 40% in June

The ripple effect of the recent crypto market crash continued to be felt as trading volumes at major exchanges nosedived by more than 40% in June.

Baidu's Stock Tumbles Amid Military Testing Rumors of AI Chatbot Ernie

Baidu's Stock Tumbles Amid Military Testing Rumors of AI Chatbot Ernie

Reports of Baidu’s AI chatbot Ernie Bot undergoing military testing led to an 11.5% drop in its stock, reflecting investor concerns over potential U.S. sanctions and the intricate challenges facing Chinese AI companies in the global tech landscape.

OpenAI Unveils Advanced Embedding Models with Cost-Effective Solutions

OpenAI Unveils Advanced Embedding Models with Cost-Effective Solutions

OpenAI announced the launch of new embedding models and API updates, featuring enhanced efficiency, cost reduction, and varied dimension options.

Chia Network Appoints Noor Menai to Board of Directors

Chia Network Appoints Noor Menai to Board of Directors

Chia Network, Inc. has appointed Noor Menai to its Board of Directors. Menai, a seasoned professional with over 30 years of experience in banking, finance, and technology, has held positions at prestigious institutions like JPMorgan Chase, Bank of America, and Citigroup. Chia Network, founded by BitTorrent founder Bram Cohen, aims to redefine blockchain technology for practical applications.

CBDC Activity Subsidizes Consumption During Lunar New Year

CBDC Activity Subsidizes Consumption During Lunar New Year

After COVID-19 restrictions were eased, Chinese local governments are pushing the usage of the country's digital currency, the digital yuan, to boost e-CNY use and consumption.

GFT and Thought Machine Partner to Drive Digital Transformation in U.S. Banking

GFT and Thought Machine Partner to Drive Digital Transformation in U.S. Banking

GFT and Thought Machine are collaborating to propel U.S. banks into the digital age, departing from legacy systems in favor of cloud-native solutions. Traditional banks are now focusing on introducing innovative financial experiences to gain a competitive edge. The partnership offers three paths to digital transformation, with GFT being a leading implementation partner of Thought Machine's Vault Core. This technology enables the launch of digital-first banks or migration from legacy systems. The partnership has achieved significant milestones, including certifications and completed projects. Traditional banks are poised to leverage their expertise and regulatory frameworks by embracing digitization.

Trezor Produces In-House Chips to Speed Up Hardware Wallet Production

Trezor Produces In-House Chips to Speed Up Hardware Wallet Production

Trezor accelerates hardware wallet production by producing its own chip wrapper, reducing lead times and shipping delays caused by component supply and demand.

The Sandbox Appoints Nicola Sebastiani as Chief Content Officer

The Sandbox Appoints Nicola Sebastiani as Chief Content Officer

The Sandbox announced the appointment of Nicola Sebastiani as its Chief Content Officer to bolster its global content development. With a notable background from Sony PlayStation Studios and Apple, Sebastiani is set to enhance The Sandbox’s creator and content ecosystems. Alongside, executive promotions were announced with Mathieu Nouzareth now as Chief Business Officer and Amit Kumar as Chief Marketing Officer, marking a strategic move towards expanding its global community and fostering user-generated content in its decentralized virtual platform.

ChatGPT Poised to Challenge Google Assistant on Android Devices

ChatGPT Poised to Challenge Google Assistant on Android Devices

OpenAI's ChatGPT may soon challenge Google Assistant's role as the default voice assistant on Android, signaling a significant shift in the digital assistant sector and underscoring AI's growing impact in technology.

Bitcoin Mining in China Dropped before the Latest Crackdown

Bitcoin Mining in China Dropped before the Latest Crackdown

New research conducted by the Cambridge Centre for Alternative Finance (CCAF) shows that Bitcoin mining in China has already nosediving even before the government started cracking the whip on crypto mining in May.

Lesley O'Neill was Appointed as Binance.US Chief Compliance Officer

Lesley O'Neill was Appointed as Binance.US Chief Compliance Officer

Lesley O’Neill's appointment as Binance.US Chief Compliance Officer marks a strategic response to heightened SEC scrutiny, emphasizing the crypto industry's shift towards compliance and regulatory adherence.

Schiff Warns Against Bitcoin ETF Hype as Hoskinson Reacts

Schiff Warns Against Bitcoin ETF Hype as Hoskinson Reacts

Bitcoin critic Peter Schiff warns against Bitcoin ETFs due to limited utility and investment risks, causing Cardano's Charles Hoskinson to respond with humor, highlighting Schiff's early skepticism in 2024.

Astar Network Launches Second Iteration of Smart Contracts

Astar Network Launches Second Iteration of Smart Contracts

Astar Network is launching the second iteration of its smart contracts that support both Ethereum Virtual Machine and WebAssembly Virtual Machine on its mainnet on April 6. The Astar team invited community members to a panel discussion led by its executives and Polkadot developers to discuss how WASM can be utilized.

Chinese Banks Embrace Crypto in Hong Kong

Chinese Banks Embrace Crypto in Hong Kong

Chinese banks are collaborating with cryptocurrency companies in Hong Kong, providing account services and acting as settlement banks. Despite China's crackdown on crypto in the mainland, the country's state-affiliated banks are building partnerships in Hong Kong, taking advantage of the city's push to become a crypto hub.

US Government Grants $162 Million to Microchip Technology for Semiconductor Production Boost

US Government Grants $162 Million to Microchip Technology for Semiconductor Production Boost

US grants $162M to Microchip Technology, bolstering domestic semiconductor production under the CHIPS & Science Act.

Ukraine Ranks Second of Crypto Adopters following Legalization: Report

Ukraine Ranks Second of Crypto Adopters following Legalization: Report

Eastern European nation Ukraine has been ranked as the second nation with the overall adoption of digital currencies, following only the US in a recent survey report released by Merchant Machine.

ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains

ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains

ENS Domains introduces the EVM Gateway, an open-source platform enhancing interoperability between L1 and L2 chains, promoting a more connected and efficient blockchain ecosystem.

China expands digital yuan usage for cross-border trade

China expands digital yuan usage for cross-border trade

China is promoting the use of its digital yuan, also known as e-CNY, for cross-border trade in its Belt and Road initiative. The city of Xuzhou plans to allow the use of e-CNY to pay for services and storage charges for goods carried by cross-border trains, with plans to extend its usage to pay taxes and utility services in the city. The Hong Kong Monetary Authority is also testing the digital yuan as a cross-border payment tool in the Guangdong-Hong Kong-Macau Greater Bay Area, while the Chinese government ramps up its CBDC efforts amid a shift away from the U.S. dollar in international trade markets.

Yann LeCun Reflects on the Impact of DjVu and Open-Access Publications in Machine Learning

Yann LeCun Reflects on the Impact of DjVu and Open-Access Publications in Machine Learning

Yann LeCun's DjVu format significantly influenced open-access in the machine learning community, facilitating the distribution of high-resolution scanned documents online and promoting collective power in intellectual property negotiations.

China Revamps AML Law, Targets Crypto Crimes

China Revamps AML Law, Targets Crypto Crimes

China is set to implement significant revisions to its Anti-Money Laundering Law by 2025, marking the first major overhaul since 2007. The amendments focus on including cryptocurrency transactions to combat rising crypto-related money laundering crimes.

China's Central Bank Digital Currency (CBDC)

China's Central Bank Digital Currency (CBDC)

China's Central Bank Digital Currency (CBDC) now supports smart contracts. Soochow Securities' mobile app allows e-CNY purchases. Android phones may now perform contactless digital yuan wallet payments.

China's Shanghai Prioritizes Blockchain, Web3.0, and Metaverse in Three-Year Manufacturing Development Plan

China's Shanghai Prioritizes Blockchain, Web3.0, and Metaverse in Three-Year Manufacturing Development Plan

Shanghai, a front-runner in the deployment of emerging technologies in China, has recently announced its ambitious "Three-Year Action Plan for Promoting High-Quality Development of Manufacturing (2023-2025)." This strategic initiative was revealed by the Shanghai Municipal Government Office, highlighting the city's commitment to accelerating the development of its digital economy with a focus on Blockchain, Web3.0, and the Metaverse.

Ex-Chinese Central Banker Says Digital Yuan: Use Has Been Minimal

Ex-Chinese Central Banker Says Digital Yuan: Use Has Been Minimal

In October, two years after introduction, China's digital yuan transactions reached $14 billion (100 billion yuan). 261 million people possessed e-CNY wallets, according to a January PBOC study. China UnionPay reported 903.6 million mobile payment users in 2021. Tsinghua University finance professor Xie Ping was PBOC research director.

Chinese Police Investigate STFIL Team Members in Filecoin (FIL) Liquid Staking Protocol

Chinese Police Investigate STFIL Team Members in Filecoin (FIL) Liquid Staking Protocol

Chinese police are investigating STFIL technical team members, who relocated 2.5 million FIL tokens to an unknown address during an unscheduled protocol update, seeking community assistance to protect stakeholders' interests.

China announces new financial regulator in governmental overhaul

China announces new financial regulator in governmental overhaul

China is introducing a new national financial regulator as part of a governmental overhaul. The current banking and insurance watchdog, the China Banking and Insurance Regulatory Commission (CBIRC), will be abolished, and its responsibilities will be moved to a brand new administration. The new financial regulator will "strengthen institutional supervision, supervision of behaviors and supervision of functions." There was no specific mention of reforms for the crypto industry.

Chiliz (CHZ) and K League Forge Partnership for Enhanced Fan Engagement and Global Expansion

Chiliz (CHZ) and K League Forge Partnership for Enhanced Fan Engagement and Global Expansion

K League partners with Chiliz to enhance fan engagement and global outreach through blockchain technology, integrating 'K League Fantasy' into the Chiliz Chain.

China and Malaysia discuss Asian Monetary Fund

China and Malaysia discuss Asian Monetary Fund

China and Malaysia are discussing the creation of an Asian Monetary Fund as a way to move away from U.S. dollar hegemony. The fund was proposed at a forum in Hainan, China, and Malaysian Prime Minister Anwar Ibrahim has stated that China is open to the proposal.

IBM Unveils NorthPole: An Energy-Efficient AI Chip Prototype

IBM Unveils NorthPole: An Energy-Efficient AI Chip Prototype

IBM has introduced a new prototype AI chip named NorthPole, exhibiting remarkable speed and energy efficiency, as reported in Science Magazine on October 19, 2023. The chip, showcasing a 25-fold higher energy efficiency and a 22-fold lower time latency on benchmark tests, addresses the longstanding von Neumann bottleneck by melding memory with computation on-chip. This innovation opens up avenues for applications like autonomous surgery and self-driving vehicles, with continued research on this architecture already underway at IBM.

Canaan's Q4 2022 Revenue Declines by 82.1% YoY to $56.8M

Canaan's Q4 2022 Revenue Declines by 82.1% YoY to $56.8M

Canaan, a Chinese Bitcoin miner and manufacturer of ASIC mining machines, reported an 82.1% YoY revenue decline to $56.8M in Q4 2022. The company's net income swung to a $63.6M loss due to inventory write-downs and research expenses. Despite the decline in revenue, Canaan's mining revenue improved by 368.2% YoY to $10.46M.

Chinese state company launches crypto funds

Chinese state company launches crypto funds

CPIC Investment Management, a subsidiary of China Pacific Insurance, is launching two crypto funds with Waterdrip Capital, targeting institutional and wealthy private investors. The funds will focus on investments in early-stage blockchain projects and proof-of-stake digital assets.

U.S. Tightens Microchip Export to Sustain AI Leadership Over China

U.S. Tightens Microchip Export to Sustain AI Leadership Over China

Senator Mike Rounds highlighted the U.S.'s marginal lead in AI over China, measurable in months. The U.S. restricts AI chip exports to China to maintain this edge. Meanwhile, China's significant AI advancements, despite challenges like U.S. sanctions and technology gaps, underscore the intensifying global AI race.

Chinese Blockchain News Flash Media Platform Bi Shi Jie.com Suspends its Operations

Chinese Blockchain News Flash Media Platform Bi Shi Jie.com Suspends its Operations

China's well-known cryptocurrency advisory platform- Bi Shi Jie, has reportedly temporarily suspended its App and website operations.

Tenstorrent Secures $100 Million Led by Hyundai and Samsung

Tenstorrent Secures $100 Million Led by Hyundai and Samsung

AI chip developer Tenstorrent has closed a $100M round led by Hyundai and Samsung. The funds will accelerate product development and AI chiplet design.

SK Hynix Reports Q4 Profit and Plans for AI GPU Chips

SK Hynix Reports Q4 Profit and Plans for AI GPU Chips

SK Hynix reported a Q4 2023 operating profit of 346 billion won, marking its first profit since Q3 2022, driven by high-end AI chip demand. However, profit-taking led to a 2.6% share drop.

KuCoin Ventures Invests in Yuan-Pegged Stablecoin

KuCoin Ventures Invests in Yuan-Pegged Stablecoin

KuCoin Ventures leads a $10 million investment in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain payment service provider.

U.S. Lawmakers Urge Stricter Export Controls on Advanced Semiconductors to China

U.S. Lawmakers Urge Stricter Export Controls on Advanced Semiconductors to China

Two senior Republican members of the U.S. House of Representatives have called on the Biden administration to tighten export controls on advanced semiconductors to China. The lawmakers, Michael McCaul and Mike Gallagher, chairmen of the House Foreign Affairs Committee and the House Select Committee on China respectively, expressed concerns over the Department of Commerce's Bureau of Industry and Security's (BIS) lax enforcement of existing rules. The call for action comes amid advancements by China's Semiconductor Manufacturing International Corporation (SMIC) and Huawei Technologies.

Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency

Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency

Owing to this, a statement released by the People's Bank of China on October 13, warned the general public to beware of such fake platforms and organizations as they are not related to the Bank of China.

UK to Invest 100m Pounds in Global AI Chips Race

UK to Invest 100m Pounds in Global AI Chips Race

The UK government commits £100M to fortify its position in the AI chip market, targeting essential components from Nvidia, AMD, and Intel. Despite this, concerns arise about the UK's global semiconductor share and its comparison to the US and EU investments. Amid geopolitical tensions, the UK plans an AI summit and emphasizes its dedication to being a global AI leader.

BSN Has Partnered with MetaverseSociety to Launch the South Korean BSN Portal Operator in November

BSN Has Partnered with MetaverseSociety to Launch the South Korean BSN Portal Operator in November

BSNbase has partnered with the South Korean MetaverseSociety to launch the BSN portal operator in November, supporting Korean developers to quickly and efficiently build and operate blocks through its localized BSN platform Chain application.

UK to Invest £100m in Global AI Chips Race

UK to Invest £100m in Global AI Chips Race

The UK government commits £100M to fortify its position in the AI chip market, targeting essential components from Nvidia, AMD, and Intel. Despite this, concerns arise about the UK's global semiconductor share and its comparison to the US and EU investments. Amid geopolitical tensions, the UK plans an AI summit and emphasizes its dedication to being a global AI leader.

China's Shanghai Unveils Action Plan to Forge a New Path in the Metaverse Tourism Industry

China's Shanghai Unveils Action Plan to Forge a New Path in the Metaverse Tourism Industry

Shanghai has taken a significant step in the realm of metaverse tourism with the release of the "Shanghai Action Plan for Creating a New Path in Metaverse Tourism (2023-2025)". The plan, unveiled by the Shanghai Municipal Bureau of Culture and Tourism, outlines the city's strategic focus on five key areas to propel the development of metaverse tourism in the coming years.

Bitcoin, Ethereum, Solana And Other Crypto Prices Further Plunge Following China’s Fresh Crypto Ban

Bitcoin, Ethereum, Solana And Other Crypto Prices Further Plunge Following China’s Fresh Crypto Ban

Cryptocurrency markets have experienced other crashes on Friday amid China’s Central bank renewed ban on cryptocurrency transactions.

Bitcoin’s Price Boom is Artificially Inflated, says Peter Schiff

Bitcoin’s Price Boom is Artificially Inflated, says Peter Schiff

Peter Schiff claims that the current rise in bitcoin prices is due to market manipulation.

Exclusive: Access, Connectivity and Inclusion—How UNICEF Leverages Blockchain to Close the Digital Divide

Exclusive: Access, Connectivity and Inclusion—How UNICEF Leverages Blockchain to Close the Digital Divide

Christina Lomazzo is the Blockchain Lead for UNICEF’s Office of Innovation; whose work mainly involves leading the blockchain efforts at UNICEF Ventures where she heads up a diverse team of six. Together they invest in early technology prototypes that they assess and determine could have an exponential impact on UNICEF’s operations and ability to fulfill its mission across the developing world.

Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra

Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra

In Part 2 of the interview, Garcia-Herrero explained the disruption of China’s CBDC – digital currency electronic payment (DCEP) on China’s monetary system. She also commented on the basket of currencies that Facebook’s Libra supports and Libra’s potential threat to monetary sovereignty.

Blockchain Asia: Technological Solutions to Cultural Mistrust

Blockchain Asia: Technological Solutions to Cultural Mistrust

Jochen Biedermann is also the Founder and CEO of Blockchain Asia which was established in 2016. In this second installment, we discuss Blockchain’s applications throughout Asia, clashes in culture and China’s mission to be the first country with an operating central bank digital currency (CBDC).

Binance CZ: We Have No Immediate Plans for a Chinese Yuan-Based Stablecoin

Binance CZ: We Have No Immediate Plans for a Chinese Yuan-Based Stablecoin

Recent announcements have created waves in the blockchain industry. Binance has been making its way around the world, enabling better adoption and an overall understanding of crypto. With China’s President Xi Jinping urging its nation to use blockchain technology and its development, how is Binance leveraging on new collaborations around the world?

Exclusive: Neo Founder and Onchain CEO Da Hongfei on the Future of the Digital Economy with Blockchain

Exclusive: Neo Founder and Onchain CEO Da Hongfei on the Future of the Digital Economy with Blockchain

Blockchain.News interviewed Da Hongfei, the founder of the Neo blockchain, to understand more about the development of blockchain in China.

Hyperledger's Brian Behlendorf on Blockchain Interoperability, China's BSN, ID2020 and CBDC

Hyperledger's Brian Behlendorf on Blockchain Interoperability, China's BSN, ID2020 and CBDC

Brian Behlendorf, Executive Director of Hyperledger discusses open-source software development and blockchain technology, China's BSN, ID2020, and CBDC.

Trump's National Security Council Sees DLT as Critical Weapon in US-China Tech War

Trump's National Security Council Sees DLT as Critical Weapon in US-China Tech War

The United States National Security Council has named distributed ledger technology (DLT) as one the most critical focus areas in its tech war with China and Russia.

DOJ Wants to Bypass End-to-End Encryption to Fight Child Sexual Exploitation – Cause for Concern for Tech?

DOJ Wants to Bypass End-to-End Encryption to Fight Child Sexual Exploitation – Cause for Concern for Tech?

US government officials want to bypass encryption on websites, under allegations that child sexual exploitation runs unmonitored on strongly encrypted platforms.

China Updates Smart City Infrastructure with Blockchain-Based City Identification System

China Updates Smart City Infrastructure with Blockchain-Based City Identification System

China Updates Smart City Infrastructure with Blockchain-Based City Identification System

Huawei Files Patent For Blockchain Ledger Storage and Device

Huawei Files Patent For Blockchain Ledger Storage and Device

Chinese technology giant Huawei has applied for a patent on a new blockchain-based storage systems.

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial, the parent company of AliPay, has launched OpenChain, a new blockchain platform that gives developers and small and micro enterprises (SMEs) the power to leverage the Chinese blockchain giant’s proprietary blockchain consortium and efficiently and cost effectively deploy smart contracts and create decentralized apps (DApps).

Communist Party of China: Members Can Show Allegiance Through Blockchain

Communist Party of China: Members Can Show Allegiance Through Blockchain

The Communist Party of China is offering a new app, whereby members will be in a position to show their loyalty by noting down the reasons for joining. The answers will be stored on a perpetual distributed ledger.

Locked Down in Coronavirus Quarantine? Why not get your Blockchain Credentials for Free?

Locked Down in Coronavirus Quarantine? Why not get your Blockchain Credentials for Free?

The coronavirus epidemic has been ravaging China and has raised concerns regarding the effect the disruption may have on the growth of technology within the region. Rising from the panic of the virus has been a plethora of misinformation and fake news which has, in fact, led the country to increase its use of blockchain technology.

China Announces 15 Pilot Zones for Testing Blockchain Tech

China Announces 15 Pilot Zones for Testing Blockchain Tech

China announced 15 pilot zones for testing the application of blockchain technology for several service sectors.

China’s First National Level Blockchain Cross-Border Financial System Goes Live

China’s First National Level Blockchain Cross-Border Financial System Goes Live

China Guangfa Bank (CGB), a major Chinese bank, has officially launched the blockchain-based cross-border financial service platform on June 15, with the guidance of the Guangdong Branch of the State Administration of Foreign Exchange.

Exclusive | FUSANG CEO: CCB’s $3 Billion in Blockchain-Based Debt Bonds is Rise of Crypto 2.0

Exclusive | FUSANG CEO: CCB’s $3 Billion in Blockchain-Based Debt Bonds is Rise of Crypto 2.0

According to FUSANG CEO Henry Chong, the CCB's historic blockchain-based bond listing, the first tranche of $3 billion in debt, marks a transition into what he calls “Crypto 2.0”

China's Central Bank Digital Currency DCEP: What We Know So Far

China's Central Bank Digital Currency DCEP: What We Know So Far

China has been charging full speed with its digital currency development plans in response to Facebook’s Libra. China’s state-owned bank, the People’s Bank of China (PBoC) has been reportedly developing their own digital currency aimed to replace cash in circulation and was said to be ready in the coming months.

VeChain and Bayer China Team up for Blockchain-based Healthcare Project, Here’s What it Means for China

VeChain and Bayer China Team up for Blockchain-based Healthcare Project, Here’s What it Means for China

Pharmaceutical giant Bayer is now working with Chinese crypto project VeChain on a blockchain-based medical traceability and supply chain program.

WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019

WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019

China’s WeBank is leading the global banking community in banking technology patents jumping ahead of US giants JP Morgan Chase and Bank of America with 632 filed patents in 2019.

Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

China’s banking industry for small to medium-sized enterprises (SMEs) will rely on digitization and financial technology to build a “new infrastructure” for the entire industry. Highly endorsed by the country’s president, Xi Jinping, blockchain technology has seen a surge in popularity in the past year.

Machine Learning Network Fetch.ai Shares Vision of Interoperable Blockchains

Machine Learning Network Fetch.ai Shares Vision of Interoperable Blockchains

Fetch.ai has a vision: to bring machine learning services to every ledger and blockchain.

Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

Telecoms giant Huawei has joined hands with the Beijing Municipal Government to create a blockchain-powered directory system. It is aimed at addressing the headache of weak applications, scattered coordination, and data sharing in various departments.

Chinese Telecom Giants Cite Blockchain as the Enabler for the Roll Out of 5G

Chinese Telecom Giants Cite Blockchain as the Enabler for the Roll Out of 5G

According to a report from the BBC in November 2019, China continues its push for global supremacy in technology. State-owned telecom giants - China Mobile, China Unicom and China Telecom now sees the emergence of Blockchain and other digital technologies as the crux to allow China to lead the market.

China Looking into the Application of Blockchain and AI for Cross-Border Financing

China Looking into the Application of Blockchain and AI for Cross-Border Financing

China is researching the application of blockchain technology and artificial intelligence in cross-border financing, focusing on risk management.

Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

Chinese courts have gone a notch higher by adopting blockchain-based door seals that will optimize property security by enabling real-time video surveillance and a sophisticated alarm system. This move is intended to eradicate the conventional paper seals, which are not tamper-proof.

UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies

UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies

Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.

President Donald Trump Approves Oracle Deal, Ban Averted for TikTok but not WeChat

President Donald Trump Approves Oracle Deal, Ban Averted for TikTok but not WeChat

President Trump approved the TikTok deal that Oracle has been working on, postponing a scheduled ban of the video-sharing platform and of WeChat.

Blockchain Increasingly Leveraged by China to Combat Coronavirus Outbreak

Blockchain Increasingly Leveraged by China to Combat Coronavirus Outbreak

In the midst of the coronavirus epidemic, there have been growing concerns about how the stalled industry of China may affect the growth of technology within the region.

Blockchain Against Corona: How the World Health Organization Uses DLT Compared to the Rest of the Globe

Blockchain Against Corona: How the World Health Organization Uses DLT Compared to the Rest of the Globe

With disruptive technology including blockchain being continuously deployed to tackle the coronavirus COVID-19 pandemic, the World Health Organization (WHO) has chosen to partner with leading technology and blockchain companies to build a distributed ledger technology-based platform to share data.

China Has Kickstarted the Experimentation of a Blockchain Pilot in its Equity Trading Industry

China Has Kickstarted the Experimentation of a Blockchain Pilot in its Equity Trading Industry

The China Securities Regulatory Commission (CSRC) has kickstarted the experimentation of a blockchain pilot for the equity trading industry in the country. Announced by the Beijing Local Financial Supervision and Administration, CSRC will be assisting the Beijing Equity Trading Center for the blockchain pilot.

Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus

Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus

A blockchain-powered QR health code system has been instrumental in enabling at least 17 million people to travel between the Chinese mainland and Macau since May.

Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?

Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?

Coronavirus has driven global economies and businesses to the ground, but one industry that has benefitted from the pandemic appears to be the tech sector.

Conflux to Bring Uniswap v3 and Curve to China's Public Blockchain

Conflux to Bring Uniswap v3 and Curve to China's Public Blockchain

Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance's announcement that it will support Conflux Network's (CFX) mainnet integration. The hope is to attract more initiatives, establish liquidity pools to facilitate the exchange of CFX tokens, and implement incentives that promote liquidity, ultimately increasing the network's worth and usage.

Keiji Inafune and Seiichi Ishii with Minnapad for New Web3 Projects

Keiji Inafune and Seiichi Ishii with Minnapad for New Web3 Projects

Famed Developers of Iconic Game Franchises, Mega Man and Tekken to Serve as Inaugural Legends DAO Partners with Their Original IPs, BEASTROID and BRAIN FIGHTER, on a New Platform

China Telecom and Conflux Network to pilot Blockchain enabled SIM card in Hong Kong

China Telecom and Conflux Network to pilot Blockchain enabled SIM card in Hong Kong

Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year. This will likely be followed by pilots in key mainland China locations such as Shanghai.

Greater Bay Area Blockchain Week 2021 to Showcase International Technological Bridges

Greater Bay Area Blockchain Week 2021 to Showcase International Technological Bridges

A nearly week-long premiere virtual event will feature industry leaders discussing the most exciting use cases of blockchain application in fintech, healthtech, investment banking, supply chain etc., as well as strengthen links between China’s own Greater Bay Area and other countries.

Sweat Economy Announces Exciting New Campaign: Win a Year's Salary as Chief Walking Officer

Sweat Economy Announces Exciting New Campaign: Win a Year's Salary as Chief Walking Officer

Sweat Economy, the biggest move-2-earn project globally on a mission to make the world more physically active, is offering users the chance to win the role* of ‘Chief Walking Officer’, complete with a year’s salary to the value of USD 24,000. The job specification contains on main requirement: to walk a minimum of 5000 steps per day.

SolChicks- The Best Play-to-Earn Game on Solana.

SolChicks- The Best Play-to-Earn Game on Solana.

SolChicks is the next best play-to-earn RPG battle gaming ecosystem. Real-time PvP, raids, tournaments, farming, and more.

Master Tech Job Interviews with Personalized AI Coaching

Master Tech Job Interviews with Personalized AI Coaching

AI coaching can enhance tech job interviews by preparing for interview questions, skills assessments, and personality tests, boosting confidence and preparing for real-time demonstrations.

China Evergrande's Financial Crisis Triggered Monday's Sell-off, Crypto Prices Follow the Slump

China Evergrande's Financial Crisis Triggered Monday's Sell-off, Crypto Prices Follow the Slump

The Crypto market slumped as fueled by the financial crises of China Evergrande.

Binance To Terminate Chinese Yuan Transactions after China's Strong Encryption Ban

Binance To Terminate Chinese Yuan Transactions after China's Strong Encryption Ban

Binance announced today that it will terminate C2C Chinese Yuan trading before the end of this year. The action is considered a backlash in response to China’s latest crypto ban.

Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

Crackdown on money laundering and fraud in the Chinese crypto space has seen cryptocurrency miners pay the price, as cards linked to crypto have been frozen.

China’s Crypto Mining Clampdown Sparked by Illegal Coal Extraction

China’s Crypto Mining Clampdown Sparked by Illegal Coal Extraction

China’s latest crackdown on cryptocurrency mining was prompted by an increase in the illegal coal extraction.

Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves

Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves

Police in China recently discovered illegal Bitcoin mining, which was buried underneath a local cemetery. Power losses within the area caused the initial suspicion. A Chinese oil field company submitted a tip to the local police requesting them to investigate suspicious power losses in the northern city of Daqing, Heilongjiang province. The police officers arrived at the scene and spotted mysterious two grave mounds lying in the field.

Michael Saylor: China's Clampdown on Crypto will be a "Trillion-Dollar-Mistake"

Michael Saylor: China's Clampdown on Crypto will be a "Trillion-Dollar-Mistake"

MicroStrategy CEO Michael Saylor said the recent Chinese crackdown on cryptocurrency and mining activities would be a trillion-dollar mistake.

North America To Get Its First Bitcoin Mining Pool to Rival China’s Crypto Mining Dominance

North America To Get Its First Bitcoin Mining Pool to Rival China’s Crypto Mining Dominance

US-based Titan crypto mining software company sets to launch the first Enterprise-Grade Bitcoin Mining Pool in North America.

Topnotch Bitcoin Mining Machine Manufacturer Bitmain Suspends Sales due to Chinese Crackdown

Topnotch Bitcoin Mining Machine Manufacturer Bitmain Suspends Sales due to Chinese Crackdown

The world's top bitcoin mining machine manufacturer Bitmain Technology Co., Ltd. announced that it would suspend the sale of mining machines worldwide in response to the Chinese government's recent crackdown on domestic mining activites.

US Now Ranks Ahead of China in Total Bitcoin Mining Servers Hosted

US Now Ranks Ahead of China in Total Bitcoin Mining Servers Hosted

The United States now ranks as the largest Bitcoin mining hub, ahead of China with 35.4% of the global hash rate as of the end of August.

Bitcoin's Hashrate Recovers and Hits New ATH at 182.01 EH/s

Bitcoin's Hashrate Recovers and Hits New ATH at 182.01 EH/s

BTC miners have been able to dust themselves off following China's intensified crackdown, given that the hashrate reached historic highs of 182.01 EH/s.

Thailand Sees PoW Mining Surge As China Ban Lingers On

Thailand Sees PoW Mining Surge As China Ban Lingers On

As the popular saying goes, one man’s food is another man’s poison, the same can be said of crypto mining which is largely on the rise in Thailand amidst the persistent ban on related activities in China.

China’s Ethereum Mining Pool Sparkpool To Stop Offering Services Following PBOC’s Clampdown on Crypto

China’s Ethereum Mining Pool Sparkpool To Stop Offering Services Following PBOC’s Clampdown on Crypto

Sparkpool, an Hangzhou-based Ethereum mining pool in China, has suspected of providing its services to its customers in China and further plans to halt the services abroad.

Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product

Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product

Ahead of Bitcoin’s much-awaited halving event on May 12, a group of miners alleged Bitmain’s latest “Antminer” deliveries were defective and led to losses for investors.

Intel Launches Second-Generation Bitcoin Mining Chip ‘Blockscale’

Intel Launches Second-Generation Bitcoin Mining Chip ‘Blockscale’

Intel is keen on introducing the most efficient blockchain mining chips that enable more energy efficiency and a lightning-fast mining experience.

Semiconductor Design Company Bitmain Suspends Sales of Antminers in Mainland China

Semiconductor Design Company Bitmain Suspends Sales of Antminers in Mainland China

The multinational semiconductor company Bitmain Technology Holding announced that from October 11, 2021, Bitmain's Antminer will stop shipping to mainland China in order to comply with a series of local bans on strict crackdowns on cryptocurrencies.

Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage

Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage

Following the oil market crash in April, electricity prices have continued to fall globally. Bitcoin educator Andreas Antonopoulos believes that despite the disruption to industries, the oil market downturn could give US cryptocurrency miners an advantage.

Underground Bitcoin Mining Pushes China to 2nd Spot in Terms of Hashrate, Study Reveals

Underground Bitcoin Mining Pushes China to 2nd Spot in Terms of Hashrate, Study Reveals

The ban on cryptocurrency mining by the Chinese government has not shelved mining activities in the country.

China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns

China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns

A major Bitcoin mining hub in China, Inner Mongolia will be shutting down its extensive mining operations by April of this year.

China’s Guangdong Province Orders Fresh Crackdown on Bitcoin Mining

China’s Guangdong Province Orders Fresh Crackdown on Bitcoin Mining

Guangdong regulators have revamped a new mechanism for investigations and confiscations of crypto mining activities.

Genesis Digital Assets Purchases 20,000 Bitcoin Mining Machines from China’s Manufacturer Canaan

Genesis Digital Assets Purchases 20,000 Bitcoin Mining Machines from China’s Manufacturer Canaan

American Bitcoin mining firm Genesis Digital Assets is purchasing additional 20,000 units of bitcoin ASIC miners from China’s Bitcoin mining hardware manufacturer Canaan Creative. The purchase will help Genesis to scale up its mining operations.

IBC Group Terminates BTC & ETH Mining Operations in China

IBC Group Terminates BTC & ETH Mining Operations in China

IBC Group announced to terminate their crypto mining operation and facilities across China in response to the recent clampdown from the Chinese authorities.

China Accounts for 65 Percent of Bitcoin’s Hash Power, New Research Reveals

China Accounts for 65 Percent of Bitcoin’s Hash Power, New Research Reveals

An interactive map published by the University of Cambridge’s Alternative Finance Center (CCAF) revealed Chinese miners accounted for 65 percent for the global hashing power used by Bitcoin. The CCAF tracked mining data for over a year from websites like BTC.com, ViaBTC, and Poolin, with the premier university claiming the map is the first-of-its-kind effort in visualizing hash power data by geography.

Bitcoin Mining Might Become More Easier and Lucrative Following China’s Crackdown

Bitcoin Mining Might Become More Easier and Lucrative Following China’s Crackdown

While Chinese authorities were intensifying the Bitcoin (BTC) mining crackdown, some crypto experts believe this might be a blessing in disguise to this sector.

China's Crypto Adoption is Ahead of the US, According to Chainalysis’ On-Chain Metrics

China's Crypto Adoption is Ahead of the US, According to Chainalysis’ On-Chain Metrics

Chainalysis recently published a report on the global adoption of cryptocurrencies and found that China is ahead of the US on the list.

Regulatory Clampdown Pushed US and China Down the Crypto Adoption List, Chainalysis says

Regulatory Clampdown Pushed US and China Down the Crypto Adoption List, Chainalysis says

Cryptocurrency analysis data platform Chainalysis released a report highlighting a declining ranking in the US and China cryptocurrency adoption rate while emerging economies record significant growth in crypto adoption.

Blockchain in Supply Chain Market Anticipated to Top $14.88 Billion by 2028

Blockchain in Supply Chain Market Anticipated to Top $14.88 Billion by 2028

The increasing adoption of product traceability for enhanced transparency in manufacturing processes and the urge for optimized security will make blockchain in the supply chain market surpass $14.88 billion by 2028, according to a report by Research Dive.

Eastern Asia’s Crypto Market Growth Halts, China's Crypto Transaction Volume Drops by 31% YoY

Eastern Asia’s Crypto Market Growth Halts, China's Crypto Transaction Volume Drops by 31% YoY

Eastern Asia's crypto growth came to a near standstill since last year triggered China crackdowns.

El Salvador’s Digital Bitcoin Wallet Chivo Removes Key Pricing Feature

El Salvador’s Digital Bitcoin Wallet Chivo Removes Key Pricing Feature

El Salvador’s digital Bitcoin wallet Chivo removed a pricing feature that allows users to make quick profits on trades, siting efforts to increase the crackdown on speculation involving the world’s biggest cryptocurrency.

No Chivo Wallet Downloads in El Salvador This Year, Study Shows

No Chivo Wallet Downloads in El Salvador This Year, Study Shows

A new study shows no Chivo wallets downloads this year in El Salvador, indicating the enthusiasm for the crypto adoption in the nation does not as promising as painted.

Chainalysis Research: Crypto Assets Worth $50 Billion Exited China in 2019

Chainalysis Research: Crypto Assets Worth $50 Billion Exited China in 2019

Tether and cryptocurrency assets valued at nearly $50 billion left China in 2019 according to Chainalysis.

US-China Cold War Could Benefit Bitcoin

US-China Cold War Could Benefit Bitcoin

An internal Chinese report presented to Chinese Leader Xi Jinping and his top party members on May 4, concluded that anti-China sentiment is currently at its highest since the 1989 Tiananmen Square crackdown according to Reuters.

El Salvador Airdrops $30 for Bitcoin Handout, BTC Will Become Legal Tender in September

El Salvador Airdrops $30 for Bitcoin Handout, BTC Will Become Legal Tender in September

El Salvador's President Nayib Bukelet announced that Bitcoin will officially become legal tender on September 7 and will airdrop $30 in Bitcoin to the public.

Can a Microsoft Takeover of TikTok Ease Trump’s Concerns? App Ban could See Bitcoin Price Boom

Can a Microsoft Takeover of TikTok Ease Trump’s Concerns? App Ban could See Bitcoin Price Boom

Microsoft is in talks to acquire TikTok from China’s ByteDance Ltd, promising to address privacy concerns that have President Trump calling for the social video apps ban. But could a TikTok ban be good for Bitcoin?

El Salvador's Chivo Wallet Welcomes 2.1M Users in 3 Weeks

El Salvador's Chivo Wallet Welcomes 2.1M Users in 3 Weeks

El Salvador's President Nayib Bukele said as many as 2.1 million users are now actively using the Chivo wallet.

Exclusive: Blockchain Beats AI and Big Data for the Highest Average Annual Salary in the UK

Exclusive: Blockchain Beats AI and Big Data for the Highest Average Annual Salary in the UK

The report titled “The Disruption of Disruptive Tech” by Capital on Tap highlighted the state of disruptive tech adoption in early 2020. The U.S. had the most businesses in various disruptive technologies, with 71% dominance in cloud consulting and 53% in cybersecurity.

China’s President Xi Jinping Asks ASEAN Countries to Join Hands in Building A ‘Digital Silk Road’

China’s President Xi Jinping Asks ASEAN Countries to Join Hands in Building A ‘Digital Silk Road’

China’s President Xi Jinping is calling for greater collaboration among ASEAN member states and has asked them to promote a ‘Digital Silk Road’ in the region.

The Fourth Belt and Road Summit 2019 –  FinTech Cultural Revolution for Inclusive and Green Finance

The Fourth Belt and Road Summit 2019 – FinTech Cultural Revolution for Inclusive and Green Finance

The fourth Belt and Road Summit jointly organized by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council was held on 11 to 12 September at the Hong Kong Convention and Exhibition Centre. With around 5000 government officials, professionals and entrepreneurs from 69 countries attended the summit, opportunities and innovations were shared and explored.

Ripple Co-Founder says US-China Tech Cold War Will Be Won and Lost on Crypto and Blockchain Battlefield

Ripple Co-Founder says US-China Tech Cold War Will Be Won and Lost on Crypto and Blockchain Battlefield

Ripple Co-Founder, Chris Larsen believes the Cold Tech War between China and the United States is going to be won and lost on the blockchain battlefield.

FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

The 13th Asian Financial Forum, taking place as a two-day event starting on Jan. 13, 2020, in Hong Kong, gathering the most influential leaders of the global financial, government, and business sectors, groundbreaking discussions on inclusiveness, innovation, and fintech.

Russia Plans to Use Digital Rouble In Settlements with China, Says Lawmaker

Russia Plans to Use Digital Rouble In Settlements with China, Says Lawmaker

Russia used to resist legalizing crypto. However, it is now willing to embrace the use of cryptocurrency for cross-border payments due to geopolitical tensions.

China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan

China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan

In the race to be the first country to launch a functional CBDC, China appears to be in the lead, as it has begun experimenting with its digital currency.

Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity

Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity

Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic. What has driven CBDC forward?

U.S. Should Examine Chinese Digital Yuan Rollout during Winter Olympics: Senator Toomey

U.S. Should Examine Chinese Digital Yuan Rollout during Winter Olympics: Senator Toomey

Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, urges the Treasury and State Departments closely examine Beijing’s CBDC rollout during the Olympic Games.

Chinese State-Owned Banks Start Exploring Digital Yuan Use-Cases for Buying Investment Funds & Insurance Products

Chinese State-Owned Banks Start Exploring Digital Yuan Use-Cases for Buying Investment Funds & Insurance Products

Two Chinese state-owned banks have begun working to fund management and insurance companies to explore the use cases of digital yuan CBDC for purchasing investment funds and insurance products online.

Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash

Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash

The former head of the People’s Bank of China announced that the soon to be launched Digital Yuan will be able to replace cash if certain key conditions are met.

China's Digital Yuan Has Topped Over $14 Billion in Transaction Volume

China's Digital Yuan Has Topped Over $14 Billion in Transaction Volume

The Chinese Central Bank Digital Currency (CBDC) also known as the e-CNY has hit close to $14 billion (100.04 billion Yuan) from 360 million transactions as it gains widespread acceptance in country

China to be First Cashless Society with Digital Yuan Launch in 2022, SCMP Report

China to be First Cashless Society with Digital Yuan Launch in 2022, SCMP Report

China is poised to become the world’s first cashless society should roll out its Digital Yuan DCEP before it hosts the 2022 Winter Olympics according to the SCMP

China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May

China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May

Local government employees in the city of Suzhou will be receiving China’s central bank digital currency, digital currency electronic payment (DCEP) in May, according to a local news outlet. China has been charging full speed with its digital currency development plans shortly after Facebook revealed its Libra stablecoin project.

Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags

Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags

Federal Reserve Board Governor Lael Brainaird announced that the United States Federal Reserve is currently experimenting with blockchain and DLT in pursuit of its central bank digital currency (CBDC) or digital dollar.

Bahamas Ranks First as The Country with Most Advanced Retail CBDC Development

Bahamas Ranks First as The Country with Most Advanced Retail CBDC Development

The Bahamas narrowly beats Cambodia because its CBDC is available to all citizens.

Governments Will Eliminate Bitcoin, Says Investor Jim Rogers

Governments Will Eliminate Bitcoin, Says Investor Jim Rogers

Will decentralized cryptocurrencies like Bitcoin—that are beyond the influence of Sovereign Governments—be allowed to survive? Not according to American investor and financial commentator Jim Rogers.

Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

Japanese Lawmaker, Kozo Yamamoto has called for the expedited development of Japan’s digital yen as the race to be the first nation with an operating central bank digital currency (CBDC) heats up.

China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS

China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS

Hyperledger Fabric, Ethereum, EOS, ChainSQL, WeBank’s FISCO BCOS, and Baidu’s Xuperchain are also planned to be added to the “ecosystem play,” and “internet environment,” as explained by Zhiguang Shan, the Chairman of the BSN’s Development Association. This network of blockchains will be available for those who are interested to take part in it, including small to medium-sized businesses.

The Issuance of China's CBDC On The Horizon, According to Insiders

The Issuance of China's CBDC On The Horizon, According to Insiders

The issuance of central bank digital currencies (CBDCs) has been gaining traction as various nations have shown interest. The People’s Bank of China (PBoC), China’s central bank, has finished the development of a CBDC’s basic function and relevant laws are being drafted to set the ball rolling for its circulation.

McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

Mcdonalds has been named along with coffee giant Starbucks as one of the 19 restaurants that will be first to try out China’s Digital Yuan in the new district of Xiong’An.

China's Central Bank Says Digital Yuan Will Not Raise Inflation

China's Central Bank Says Digital Yuan Will Not Raise Inflation

Bank of China claims that the introduction of digital yuan will not cause the occurrence of inflation.

Slow and Steady Wins the CBDC Race: Why the US is not Concerned with China's Speed

Slow and Steady Wins the CBDC Race: Why the US is not Concerned with China's Speed

Slow and steady wins the CBDC Race: there are several reasons why the United States' digital dollar development has an edge over China’s speedy approach to its digital yuan.

Visa Crypto Executive: CBDC is the Most Important Trend for Future of Money

Visa Crypto Executive: CBDC is the Most Important Trend for Future of Money

Central Bank Digital Currencies (CBDC) could be the most important payment trend in development with the most profound effects on our systems of payment and money issuance according to Cuy Sheffield, Visa’s head of cryptocurrency.

China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank

China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank

China’s central bank has further galvanised its public commitment to creating the first central bank digital currency (CBDC), a digital version of the Yuan, at an annual meeting hosted last Friday by the People’s Bank of China (PBoC) vice governor Yifei Fan.

Chinese President Xi Jinping: Participate in Making Digital Currency and Digital Tax's International Rule Actively

Chinese President Xi Jinping: Participate in Making Digital Currency and Digital Tax's International Rule Actively

Xi Jinping will publish an article entitled "Several Major Issues in the National Medium and Long-term Economic and Social Development Strategy“ on November 1 on Qiushi Journal. In the article, he mentions the digital economy and digital currency

Opinion: Here are Three Reasons Why China is Afraid of Cryptocurrencies

Opinion: Here are Three Reasons Why China is Afraid of Cryptocurrencies

The Chinese government is quietly seen making attempts to disable the operations of cryptocurrencies in the country. On the other hand, the Chinese state is seen dedicated to promoting the case uses of blockchain. This appears as a contradiction. But let’s understand why China is afraid of cryptocurrencies.

China to Launch Its Own Digital Currency Later This Year

China to Launch Its Own Digital Currency Later This Year

In order to remain ahead in the global competition, China plans to launch its own digital currency known as Digital Currency Electronic Payment (DCEP). The digital currency will stimulate daily banking activities like deposits, payments, and withdrawals from the digital wallet. Crypto news website Coin Journal shows that the People’s Bank of China, China’s central bank has initiated the efforts to roll out its very own digital currency. It is an effort aimed at staying ahead among all the central banks worldwide as well as preserving financial sovereignty.

Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund

Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund

One of Asia’s biggest Venture Capital firms, Chiron Partners, has launched a $50m ecosystem fund christened the Chiron Terra Fund I aimed at supporting innovative projects that are emerging from the Terra blockchain ecosystem.

Bill Gates' COVID Conspiracy Grows In Italian Parliament, Allegations of Population Control by Political Anti-Vaxxer

Bill Gates' COVID Conspiracy Grows In Italian Parliament, Allegations of Population Control by Political Anti-Vaxxer

The COVID-19 pandemic has brought many subjects to the forefront: our reliance on oil, manufacturing in China, the need for digital dollars, the frailty of our global supply chain, and our lack of preparation to deal with the outbreak. However perhaps the strangest topic online and the most unavoidable has been the conspiracy theory chasing Bill Gates and his foundation’s efforts to produce a vaccine. The accusations range from him directly being the cause of the pandemic, to being the head of an Illuminati like circular cabal bent on controlling the world through microchips, and now an insidious plan to depopulate the planet of billions of people.

Exploring the Boundaries of AI in Creative Domains: Can Machines Match Human Ingenuity?

Exploring the Boundaries of AI in Creative Domains: Can Machines Match Human Ingenuity?

We delves into the evolving capabilities of AI in creative domains, analyzing whether artificial intelligence can achieve a level of creativity comparable to humans.

The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China

The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China

The novel coronavirus, also known as COVID-19 has spread to at least 25 other countries and caused 5 deaths outside of mainland China. Restrictions in Hubei, of the epicenter province of the outbreak, have been imposed further on its citizens. In Wuhan, the city where the coronavirus originated, has been banning its citizens from leaving their homes.

Here's Why GPT-4 Becomes 'Stupid': Unpacking Performance Degradation

Here's Why GPT-4 Becomes 'Stupid': Unpacking Performance Degradation

The performance degradation of GPT-4, often labeled as 'stupidity', is a pressing issue in AI, highlighting the model's inability to adapt to new data and the necessity for continuous learning in AI development.

TOFU: How AI Can Forget Your Privacy Data

TOFU: How AI Can Forget Your Privacy Data

TOFU, a AI model, tackles the challenge of machine unlearning, aiming to make AI systems forget specific, unwanted data while retaining overall knowledge.

TikTok Encryption Layer Bypassed Google Android Safeguards to Track Users Data

TikTok Encryption Layer Bypassed Google Android Safeguards to Track Users Data

Following President Trump’s executive order against TikTok, new evidence has revealed that the social media app had been collecting unique identifiers from millions of mobile devices, allowing the China-based app to track user’s online without permission.

What Does Oracle's TikTok Deal Mean for the US? ByteDance Confident President Trump Will Approve Deal

What Does Oracle's TikTok Deal Mean for the US? ByteDance Confident President Trump Will Approve Deal

ByteDance is confident that its deal with Oracle tech giant for TikTok’s US operations will be approved by both Chinese and American regulators.

China to Build ‘Digital Central Bank’ Infrastructure, Striving to Become the World’s Leader in Digital Currency Development

China to Build ‘Digital Central Bank’ Infrastructure, Striving to Become the World’s Leader in Digital Currency Development

China’s Central Bank, People’s Bank of China (PBoC) is planning to look into building a digital central bank infrastructure to improve the standards of financial services in the country. On May 18, the Chinese Central Bank’s 2020 video conference on scientific and technological work was held in its capital, Beijing. The meeting focused on the technological achievements made in 2019, an in-depth analysis of the current situation and challenges, and the upcoming key plans for 2020.

China to Dominate Global Tech Standards? Expert says “It Would be Tough”

China to Dominate Global Tech Standards? Expert says “It Would be Tough”

China announced a new 15-year blueprint as part of the country’s global technology push, to set the global standards for the next-generation of technologies, including blockchain.

Retail Momentum on the Bitcoin Network Slows Down by BTC’s Sinking Social Sentiment

Retail Momentum on the Bitcoin Network Slows Down by BTC’s Sinking Social Sentiment

Crypto analyst Joseph Young noted that a slow down in retail momentum and miners moving out of China were affecting Bitcoin.

Enhancing AI Recommendations: A Study on ChatGPT's Conversational Refinement and Bias Mitigation

Enhancing AI Recommendations: A Study on ChatGPT's Conversational Refinement and Bias Mitigation

The study examines ChatGPT's effectiveness in conversational recommendations using the HetRec2011 dataset, focusing on its top-n recommender performance and strategies for mitigating popularity bias, highlighting its potential for user engagement.

Trump Administration Wants Clean 5G Networks Free of China State Actors

Trump Administration Wants Clean 5G Networks Free of China State Actors

Mike Pompeo, Secretary of State for the Trump administration has announced the expansion of the Clean Network program, outlining five new lines of defense to protect America’s critical telecommunications and technology infrastructure from untrusted Chinese state-owned enterprises like Huawei and ZTE.

5 Factors Behind Chiliz (CHZ)'s Price Surge

5 Factors Behind Chiliz (CHZ)'s Price Surge

Chiliz (CHZ) is a blockchain-based sports platform that aims to provide blockchain-powered solutions for the sports industry and help fans participate in the token economy.

How Apple Will Advance in Generative AI in 2024

How Apple Will Advance in Generative AI in 2024

Apple's 2024 agenda includes the launch of Vision Pro, advancements in generative AI with iOS 18, and integrating AI across its ecosystem. Emphasizing thoughtful AI integration, Apple navigates generative AI's potential while maintaining its privacy-focused approach.

Could Bitcoin and Blockchain Be Affected by the Coronavirus?

Could Bitcoin and Blockchain Be Affected by the Coronavirus?

Blockchain, Bitcoin and Viruses. What can we expect?

Is Bitcoin still a Safe Haven? The Crypto Community Debates on Twitter Following Global Stock Market Crash

Is Bitcoin still a Safe Haven? The Crypto Community Debates on Twitter Following Global Stock Market Crash

Is Bitcoin still a safe haven? The Crypto Community takes the debate to Twitter after the biggest stock market crash since 2009.

Chiliz (CHZ) Surges 15% Amid 2022 World Cup Tournament, Mainnet Launch

Chiliz (CHZ) Surges 15% Amid 2022 World Cup Tournament, Mainnet Launch

Chiliz is the latest crypto token on the bullish trend. The token is more than 15% for the last 7 days.

Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

The scourge of the coronavirus has led to the temporary closure of factories in China with the electronic industry supply chain being hit the hardest forcing an extension in the Lunar year holiday following the outbreak of the virus.

Bitcoin Mining Geographical Distribution Shifts as U.S. Becoming the Biggest Beneficiary

Bitcoin Mining Geographical Distribution Shifts as U.S. Becoming the Biggest Beneficiary

BTC mining is becoming more geographically distributed after China's clampdown on Bitcoin mining recently.

StripedHyena-7B: The Next Generation AI Architecture for Enhanced Performance and Efficiency

StripedHyena-7B: The Next Generation AI Architecture for Enhanced Performance and Efficiency

StripedHyena-7B, a new AI model, excels in processing long sequences with its hybrid architecture, outperforming traditional Transformers in efficiency and versatility.

Bitcoin Plunges to $32,266 amid the Intensified FUD Sentiment from China

Bitcoin Plunges to $32,266 amid the Intensified FUD Sentiment from China

As China has strengthened the supervision of cryptocurrency mining and related trading, fear, uncertainty, and doubt (FUD) sentiment has intensified among investors. BTC/USDT plummeted nearly 10% today, as low as $32,266.

Bitcoin’s Hashrate Rebounding after Engaging a 50% Drop

Bitcoin’s Hashrate Rebounding after Engaging a 50% Drop

Bitcoin’s hashrate seems to be on an upward trajectory after nosediving by 50% amid an intensified crackdown on crypto mining by Chinese authorities.

Nature: Why AI Meeting Quantum Computing Is a Scientific Revolution

Nature: Why AI Meeting Quantum Computing Is a Scientific Revolution

According to Nature, the integration of AI and quantum computing, particularly in quantum machine learning, is an emerging field that offers potential for groundbreaking advancements but faces significant challenges and skepticism.

Coronavirus Tracking and Surveillance May Have Consequences for the Protection of Personal Data Privacy

Coronavirus Tracking and Surveillance May Have Consequences for the Protection of Personal Data Privacy

The World Health Organization (WHO) has recently stated that the coronavirus pandemic is “accelerating,” as 20% of the world’s population goes into lockdown in an attempt to curb the spread of the virus. People are told to stay at home as the world is entering a critical week, with over 381,761 cases confirmed around the world at the time of reporting.

Bill Gates Confused by Trump’s Terms for Microsoft TikTok Deal, Twitter Reportedly Joins Race

Bill Gates Confused by Trump’s Terms for Microsoft TikTok Deal, Twitter Reportedly Joins Race

Microsoft may be entering the social media ecosystem should they acquire TikTok, in a deal that Bill Gates is calling a poisoned chalice. Meanwhile, Twitter is now rumored to be in talks with ByteDance—TikTok’s parent company—to potentially reclaim their old video Vines territory.

The Ethical Dimensions of ChatGPT in Modern Learning Environments

The Ethical Dimensions of ChatGPT in Modern Learning Environments

Exploring the ethical dimensions and transformative potential of ChatGPT in education, focusing on challenges and opportunities in teaching, learning, and academic integrity within STEM and higher education environments.

Blockchain Deals Are Shifting from the US to China, CB Insights Report

Blockchain Deals Are Shifting from the US to China, CB Insights Report

Blockchain Deals Are Shifting from the US to China, CB Insights Report

HuggingGPT: Bridging AI Models for Advanced General Intelligence

HuggingGPT: Bridging AI Models for Advanced General Intelligence

HuggingGPT leverages ChatGPT to orchestrate AI tasks, marking a significant advancement in the journey toward artificial general intelligence.

AI Transforming Cybersecurity Landscape: Key Challenges and Solutions

AI Transforming Cybersecurity Landscape: Key Challenges and Solutions

AI is transforming the cybersecurity landscape in 2024 with advanced threat detection, zero-trust architecture, and generative AI, while facing challenges like adversarial AI and regulatory complexities.

Google DeepMind: Subtle Adversarial Image Manipulation Influences Both AI Model and Human Perception

Google DeepMind: Subtle Adversarial Image Manipulation Influences Both AI Model and Human Perception

Recent DeepMind research reveals that subtle adversarial image manipulations, originally designed to deceive AI models, also subtly influence human perception. This discovery underscores similarities and distinctions in human and machine vision, emphasizing the need for further research in AI safety and security.

UniPi: Revolutionizing AI with Text-Guided Video Policy Generation

UniPi: Revolutionizing AI with Text-Guided Video Policy Generation

UniPi's innovative AI approach combines text-guided video generation with policy-making, enabling broad applications in robotics and AI planning.

China Launches Digital Yuan Pilot Wallet for Android and iOS Users

China Launches Digital Yuan Pilot Wallet for Android and iOS Users

The People’s Bank of China has extended its pilot tests for the country’s Central Bank Digital Currency (CBDC) or digital Yuan with the launch of a new mobile wallet for Android and iOS users.

China's DCEP Will Not Compete With WeChat and AliPay

China's DCEP Will Not Compete With WeChat and AliPay

China’s digital currency also known as the Digital Currency Electronic Payment (DCEP) will not be competing with WeChat and AliPay says Research head.

China to Test its CBDC on Tencent-Backed Platform and Other Domestic Firms to Break Dependence on the US

China to Test its CBDC on Tencent-Backed Platform and Other Domestic Firms to Break Dependence on the US

China’s central bank has taken another major step forward toward the digital yuan’s mass adoption with its testing on food delivery giant Meituan Dianping. Backed by Tencent, Meituan has been having discussions with the People’s Bank of China’s central bank digital currency (CBDC), also known as digital currency electronic payment (DCEP) research wing.

China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed

China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed

As part of China’s rollout of its central bank digital currency (CBDC), the government had a $1.5 million giveaway of digital yuan to its citizens in Shenzhen.

PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions

PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions

China’s digital yuan pilot testing in four of its cities has recorded a sum of nearly $300 million (two billion yuan) in transactions according to the People’s Bank of China's Head.

China to Prioritize Testing its Central Bank Digital Currency in Wealthier Cities First

China to Prioritize Testing its Central Bank Digital Currency in Wealthier Cities First

China is planning a more extensive expansion of the testing of its central bank digital currency (CBDC) after reportedly starting its first tests in the Greater Bay Area.

Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law

Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law

Chinese officials to consider a cross-border stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies China, Japan, and South Korea. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s annual “Two Sessions,” also known as the National People’s Congress, China’s most important annual political event in Beijing, officials set the decision to impose new national security legislation on Hong Kong.

Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics

Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics

According to a Wall Street Journal, at the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded that of Visa.

Macau Likely to be Test Bed for China's Digital Yuan: Reuters

Macau Likely to be Test Bed for China's Digital Yuan: Reuters

Macau is expected to be a testbed for China's digital yuan, also known as the e-CNY, as casino operators prepare to bid for new licenses in the city for the first time in two decades.

Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development

Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development

The Hong Kong government is considering collaborating with the mainland Chinese authorities on the country’s central bank digital currency (CBDC) project.

Chinese CBDC's Backend Developments are Complete, Revealed During 2020 FinTech Forum

Chinese CBDC's Backend Developments are Complete, Revealed During 2020 FinTech Forum

The world’s attention is on China who has recorded a great advancement in the development of its central bank digital currency (CBDC). The Chinese CBDC project, also known as digital currency electronic payment (DCEP) entered its testing phase back in April with a test run billed for four major cities.

Chinese Yuan Poised to Become the World’s Third Largest Reserve Currency by 2030—Is DCEP Part of the Plan?

Chinese Yuan Poised to Become the World’s Third Largest Reserve Currency by 2030—Is DCEP Part of the Plan?

Morgan Stanley analysts are predicting that the Chinese yuan will become the third-largest reserve currency in the world, is the DCEP part of the plan?

Top Chinese State-Owned Banks Promote Digital Yuan Ahead of Shanghai 'Shopping Festival'

Top Chinese State-Owned Banks Promote Digital Yuan Ahead of Shanghai 'Shopping Festival'

Chinese state-owned banks are reportedly promoting the country's CBDC ahead of a major shopping festival in Shanghai, which takes place on May 5.

Bank of Japan Puts Top Economist in Charge of CBDC Development

Bank of Japan Puts Top Economist in Charge of CBDC Development

Bank of Japan’s top economist, Kazushige Kamiyama is now the head of payments and settlements and at the helm of Japan’s exploration of its Central Bank Digital Currency (CBDC) project.

China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

A source close to the matter said that China's CBDC pilot program "has not yet been expanded on a large scale," and the test is just "internal and closed.”

China Leads Pan-Asian Digital Currency Project to Compete with Facebook's Libra

China Leads Pan-Asian Digital Currency Project to Compete with Facebook's Libra

Led by China, four Asian countries are in the early stages of developing a joint digital currency. The currency will help keep the Dollar and Libra in check

WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games

WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games

WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said.

$6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing

$6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing

The Chinese digital renminbi is officially piloted in the capital of China-Beijing. The authority plans to issue a total of $6.2 million worth of digital currency to Beijing residents through a lottery, totaling 40 million RMB.

China and EU Trade Talks Included the Potential Cooperation of Central Bank Digital Currencies

China and EU Trade Talks Included the Potential Cooperation of Central Bank Digital Currencies

The European Union and China recently had trade and economic discussions regarding topics including central bank digital currencies (CBDC) and supply chain.

China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product

China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product

In China, the Digital Currency Research Institute of the People's Bank of China has launched a digital renminbi smart contract prepaid fund management product - "Yuanguanjia".

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

China’s central bank is scheduled to test its digital yuan dubbed the Digital Currency Electronic Payment (DCEP) in a second red packet lottery event in Suzhou on December 12.

China’s CBDC Should Start Replacing Cash But Not Confined to Substitution, says Former Chinese Banker

China’s CBDC Should Start Replacing Cash But Not Confined to Substitution, says Former Chinese Banker

Former Chinese banker, Wang Yongli suggested that a push for digital currencies to substitute all currencies is needed to support monetary operation reforms.

China's CBDC Testing Advances along 19.25M Yuan Distribute to Residents

China's CBDC Testing Advances along 19.25M Yuan Distribute to Residents

The Digital Yuan testing is extending to Shanghai as residents will be given free money worth 19.25 million yuan.

Singapore Consults China on Central Bank Digital Currency

Singapore Consults China on Central Bank Digital Currency

Singapore is considering a partnership with China as it works on developing a Central Bank Digital Currency dubbed Project Ubin

DBS Bank Claims COVID-19 Accelerated Central Banks' Interest in Digital Currencies

DBS Bank Claims COVID-19 Accelerated Central Banks' Interest in Digital Currencies

DBS Bank has pointed out that the coronavirus pandemic has caused a “troubled and intrigued” dilemma for central banks around the world.

China's DCEP Testing Limited to Small Retail Transactions for Now

China's DCEP Testing Limited to Small Retail Transactions for Now

The People’s Bank of China (PBOC) has affirmed that the testing of its CBDC project is concentrated only to small scale transactions for now.

China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan

China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan

China’s central bank, the People's Bank of China (PBOC), has teamed up with Shenzhen city to distribute DCEP worth 10 million yuan, approximately $1.5 million to residents.

China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry

China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry

Gambling businesses in Macau fear that the launch of digital yuan would render them obsolete.

Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan

Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan

Still strategizing to curb the dominance of Alipay and WeChat Pay, the People’s Bank of China will be using its DCEP system to break the cashless payment duopoly.

China's Digital Yuan to be Made Available to Visitors During 2022 Beijing Winter Olympics

China's Digital Yuan to be Made Available to Visitors During 2022 Beijing Winter Olympics

The People’s Bank of China (PBoC) has confirmed its plans to make its Digital Currency Electronic Payment (DCEP) available to foreign athletes and visitors at the 2022 Beijing Winter Olympics.

China’s Central Bank Accelerates R&D of its Legal Digital Currency

China’s Central Bank Accelerates R&D of its Legal Digital Currency

People's Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency.

Major China Bank Disables Digital Yuan Wallet Registration After Launch Draws Intense Public Attention

Major China Bank Disables Digital Yuan Wallet Registration After Launch Draws Intense Public Attention

China Construction Bank (CCB) opened registration service for the DCEP wallet via its mobile app but disabled the new feature shortly after.

China's Central Bank Governor Says no Timeline for Digital Currency Launch

China's Central Bank Governor Says no Timeline for Digital Currency Launch

The Governor of the People's Bank of China has declared that there is no timeline to the release of the country's digital Yuan, an innovation that has entered its test pilot phase.

People's Bank of China Seeks to Prohibit the Creation of Digital Tokens

People's Bank of China Seeks to Prohibit the Creation of Digital Tokens

The People’s Bank of China (PBOC) is calling for public opinion or feedback in line with its plans to revise its extant banking laws

China Expands Digital Yuan Pilot Sites to 23 regions across 15 Provinces

China Expands Digital Yuan Pilot Sites to 23 regions across 15 Provinces

The People's Bank of China announced that it will expand the digital yuan pilot program from 11 regions to 23 regions in 15 provinces and cities.

HKMA Seeks Public Consultation for e-HKD Development

HKMA Seeks Public Consultation for e-HKD Development

In Hong Kong, the local financial regulator has issued a discussion paper to the public, asking for the public opinions about introducing domestic retail central bank digital currency.

Chinese Authorities Wants McDonald's to Expand its Digital Yuan Acceptance

Chinese Authorities Wants McDonald's to Expand its Digital Yuan Acceptance

Chinese authorities are reportedly mounting pressure on McDonald’s as well as other American firms to expand their acceptance of the e-CNY

Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

JD.com has recently partnered with the People’s Bank of China Digital Currency Research Institute to build mobile apps and wallets to support China’s CBDC.

China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy

China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy

A Chinese senior central bank official said China should maintain a “normal” monetary policy as the country has been recovering from COVID-19 smoothly.

China Hand-Picks the Greater Bay Area Surrounding Hong Kong to be the First to Deploy its CBDC

China Hand-Picks the Greater Bay Area Surrounding Hong Kong to be the First to Deploy its CBDC

China’s central bank digital currency (CBDC) has been successfully launched earlier this year and the country is currently continuing its path towards fully launching its digital currency electronic payment (DCEP).

China’s Major State-Run Commercial Banks Test CBDC Digital Wallet

China’s Major State-Run Commercial Banks Test CBDC Digital Wallet

China’s major state-run banks are testing out its central bank digital currency (CBDC) digital wallet application. The Chinese central bank, having said that its CBDC, also known as digital currency electronic payment (DCEP), is “almost ready,” is finally moving a step closer to its official launch nationwide.

Chile's Central Bank Wants More Time to Study CBDCs

Chile's Central Bank Wants More Time to Study CBDCs

Chile’s apex bank, Banco Central de Chile is exploring more research options to determine whether it will issue a Central Bank Digital Currency (CBDC) or not

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar.

Bank for International Settlements Reveals Findings on Central Bank Digital Currencies

Bank for International Settlements Reveals Findings on Central Bank Digital Currencies

The Bank for International Settlements released its analysis report in which it evaluated central bank digital currencies globally.

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF

A synthetic Central bank digital currency (CBDC) could create new pathways for innovation according to a senior member of the International Monetary Fund (IMF).

How Can Bitcoin Be A Safe-Haven Asset When It Is So Greatly Influenced by a Tweet, says Peter Schiff

How Can Bitcoin Be A Safe-Haven Asset When It Is So Greatly Influenced by a Tweet, says Peter Schiff

Peter Schiff says Bitcoin is not money, pointing to the influence Elon Musk's tweets has over the cryptocurrency as an explanation.

Peter Schiff Mocks BTC Reliance on Platforms like PayPal, Says "Gold is Money, Bitcoin is not"

Peter Schiff Mocks BTC Reliance on Platforms like PayPal, Says "Gold is Money, Bitcoin is not"

Bitcoin critic Peter Schiff is calling out Bitcoin again for requiring a third-party like PayPal to operate as a payment system, he said that "Gold is money and Bitcoin is not".

Elon Musk Criticizes Bitcoin Mining for Being Highly Centralized in China, Hinting that Tesla May Dump Bitcoin

Elon Musk Criticizes Bitcoin Mining for Being Highly Centralized in China, Hinting that Tesla May Dump Bitcoin

Elon Musk’s tweets have served to create headwind for Bitcoin, sending the cryptocurrency on a steep plunge.

Bitcoin Mining Experiences 8th Consecutive Difficulty Since China’s Ban

Bitcoin Mining Experiences 8th Consecutive Difficulty Since China’s Ban

Even though miners have found the right footing by relocating to other areas like the United States, the eighth consecutive difficulty is being witnessed.

Peter Schiff Criticizes Investors who Succeeded in Getting Wall Street to Buy into the Bitcoin Mania

Peter Schiff Criticizes Investors who Succeeded in Getting Wall Street to Buy into the Bitcoin Mania

Peter Schiff has yet again expressed his disappointment at BTC proponents that has stirred increased Wall Street participation in crypto.

Dave Portnoy Offers to be The Savior of Bitcoin and Chainlink (LINK), Angering Crypto Twitter

Dave Portnoy Offers to be The Savior of Bitcoin and Chainlink (LINK), Angering Crypto Twitter

After declaring that he may be quitting crypto trading altogether, Dave Portnoy is now hinting that he will “save Bitcoin and crypto.”

Will Gold Bull Peter Schiff Change His Mind on Bitcoin? Crypto Twitter Backs BTC

Will Gold Bull Peter Schiff Change His Mind on Bitcoin? Crypto Twitter Backs BTC

Peter Schiff and his son have brought their friendly banter regarding Bitcoin investments to crypto Twitter.

Peter Schiff Sends Stern Warning to Barry Silbert Over Grayscale Bitcoin Trust Price Collapse

Peter Schiff Sends Stern Warning to Barry Silbert Over Grayscale Bitcoin Trust Price Collapse

Grayscale investments’ national ad campaign has fallen on deaf ears, with shares in Grayscale’s Ethereum Trust plummets 80%. Peter Schiff sends a warning to Grayscale investments CEO Barry Silbert.

China Shuts Down Over 90% BTC Capacity, Sichuan BTC Sites Massively Offline

China Shuts Down Over 90% BTC Capacity, Sichuan BTC Sites Massively Offline

China intensified law enforcement against domestic Bitcoin mining activities. Bitcoin mining sites in Sichuan Province were reportedly massively disconnected by losing power supply and abilities for further BTC mining operations.

Gold Bull Peter Schiff Changes Bitcoin Price Prediction as BTC Smashes New Record of $50,000

Gold Bull Peter Schiff Changes Bitcoin Price Prediction as BTC Smashes New Record of $50,000

Bitcoin has achieved a new record high of $50,000 as institutional support has continued to pile onto the cryptocurrency.

Winklevoss Checks on Bitcoin Critic Peter Schiff as BTC Price Smashes ATH

Winklevoss Checks on Bitcoin Critic Peter Schiff as BTC Price Smashes ATH

As the Bitcoin price soars, Tyler Winklevoss checked in on BTC critic Peter Schiff, who is adamant that the market is rising on pure speculation.

Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals

Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals

President Trump’s opposition to Bitcoin and cryptocurrencies is well documented as is his determination to maintain the US Dollar's global status. According to a passage from ex-national security advisor John Bolton’s book—Trump’s administration has actually handed Bitcoin and Ethereum a huge advantage over other cryptocurrencies.

Bitcoin Price Will Hit $20,000 in 2020? Not Even Close Says Peter Schiff

Bitcoin Price Will Hit $20,000 in 2020? Not Even Close Says Peter Schiff

Bitcoin has been having a good year and a very strong price showing since the Black Thursday stock market crash in March.

China Could Be Using Bitcoin as a Financial Weapon Against the US, Says PayPal Co-Founder

China Could Be Using Bitcoin as a Financial Weapon Against the US, Says PayPal Co-Founder

Peter Thiel is worried that China could be using Bitcoin to undermine the US.

Bitcoin Adoption is the Ultimate Protest Against Government and State Abuse of Freedoms

Bitcoin Adoption is the Ultimate Protest Against Government and State Abuse of Freedoms

As protests break out across the globe against state and central authorities, are the protesters overlooking their best and most potent weapon in Bitcoin? Bitcoin in essence, was built for protest and could potentially destabilize the central source of power for our governments—control over traditional financial systems.

Bitcoin Price Surges Amid Stock Market Bull—But This Could All Collapse if China Repeats its 2015 Stock Market Bubble

Bitcoin Price Surges Amid Stock Market Bull—But This Could All Collapse if China Repeats its 2015 Stock Market Bubble

Bitcoin price saw a slight surge at the start of this week, while China’s stocks soared as no new local coronavirus cases were reported. US stocks also followed and saw an upward tick as investors focused on news related to the new COVID-19 vaccine and treatments.

Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout

Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout

The hashrate of various Bitcoin (BTC) mining pools dropped based on the blackout experienced in Northwest China, as acknowledged by pseudonymous Chinese journalist Wu Blockchain.

Will Bitcoin Replace Gold as A 'Traditional Safe-Haven Asset?' Experts Debate

Will Bitcoin Replace Gold as A 'Traditional Safe-Haven Asset?' Experts Debate

Nigel Green, CEO, and founder of financial consultancy firm deVere Group, addressed Bitcoin’s bullish traction on the crypto market and boldly stated on his Twitter platform that the cryptocurrency was potentially going to “knock gold from its long-held position” of being a safe-haven asset.

Jim Cramer Sold Most of His Bitcoin Holdings but Willing to Buy Again If Prices Fall to Near $10,000

Jim Cramer Sold Most of His Bitcoin Holdings but Willing to Buy Again If Prices Fall to Near $10,000

CNBC host Jim Cramer said he is willing to purchase buy Bitcoin again if its price fall to near $100,000, he has revealed has sold nearly all of his Bitcoin holdings due to recent cyberattacks and China’s crackow on crypto.

Warren Buffett Changes Attitude on Gold, Not Bitcoin Reminds Peter Schiff

Warren Buffett Changes Attitude on Gold, Not Bitcoin Reminds Peter Schiff

Warren Buffett now started to buy bitcoin, reminding us of the days when he said he would never invest in Bitcoin.

China Plays Top Crypto Whale, Followed By US: Sources

China Plays Top Crypto Whale, Followed By US: Sources

Despite its harsh stance on crypto, the China government could still be holding significant amounts of Bitcoins.

Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims.

Bitcoin Bulls Buy the Dip as Analytic Firm says BTC Price Recovery is Optimistic

Bitcoin Bulls Buy the Dip as Analytic Firm says BTC Price Recovery is Optimistic

Bitcoin’s price has recently corrected after weeks of making straight gains, what's next for BTC?

Number of Ethereum Whales on the Decline as Market Sees a Massive Correction

Number of Ethereum Whales on the Decline as Market Sees a Massive Correction

Ethereum holders, those with at least 100 coins are on the decline.

Rothschild Investment Corp Acquires Over 250M Shares in Grayscale ETH Trust

Rothschild Investment Corp Acquires Over 250M Shares in Grayscale ETH Trust

The Rothschild Investment Corp has revealed that it has taken up a new crypto position by purchasing 265,302 shares of Grayscale Ethereum Trust.

China Continues to Influence Crypto Activities Worldwide, Study says

China Continues to Influence Crypto Activities Worldwide, Study says

Blockchain data platform Chainalysis published a report Wednesday, indicating China remains one of the largest cryptocurrency markets worldwide and continues to influence crypto activities worldwide.

China’s Central Bank to Develop Blockchain-Based Trade Finance Platform for the Greater Bay Area

China’s Central Bank to Develop Blockchain-Based Trade Finance Platform for the Greater Bay Area

China’s Central Bank, the People’s Bank of China (PBoC) announced its development plans for outlining a blockchain-based trade finance platform for the Greater Bay Area that links Hong Kong, Guangdong, and Macao. Governing entities in China, including the PBoC, China Banking Regulatory Commission, China Securities Regulatory Commission, and the Foreign Exchange Bureau came together to issue the official document for the proposal. The entities submitted their suggestions on financing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on global trade and finance.

Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot

Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot

The Chinese central bank, People’s Bank of China has recently approved the city of Chengdu to carry out fintech innovation supervision pilots.

Chinese Banks Clarify on Crypto Account Freezing Despite Alipay’s Crypto Ban Last Year

Chinese Banks Clarify on Crypto Account Freezing Despite Alipay’s Crypto Ban Last Year

China’s banks were rumored to be freezing client accounts that have a history associated with the buying and selling of cryptocurrencies. However, according to a recent report, Chinese banks have clarified that this is not the case, and they are not shutting down any legal fiat to crypto accounts.

China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot

China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot

The Chinese central bank’s Shanghai headquarters has recently revealed the Shanghai FinTech Innovation regulatory sandbox application list. The People’s Bank of China’s (PBoC) Shanghai branch is currently soliciting opinions from the public on eight applications to be included in the FinTech innovation supervision pilot.

Chinese Telecommunications Giant ZTE Collaborates with China Mobile to Publish Blockchain and Edge Computing White Paper

Chinese Telecommunications Giant ZTE Collaborates with China Mobile to Publish Blockchain and Edge Computing White Paper

Chinese multinational telecommunications giant ZTE has partnered with China Mobile, along with the Chinese Ministry of Industry and Information Technology Laboratory, and Peking University to publish a “blockchain and edge computing whitepaper.”

HK FinTech Week: China’s eCNY Wallet Registers 140M Users, Rises 6 Times More, says PBoC Official

HK FinTech Week: China’s eCNY Wallet Registers 140M Users, Rises 6 Times More, says PBoC Official

China’s digital yuan wallet has witnessed its user base rise six times more just after the past four months to hit 140 million active accounts.

China's Blockchain Initiative Hits Roadblock as Stakeholders Refuse to Share Private Data for Free

China's Blockchain Initiative Hits Roadblock as Stakeholders Refuse to Share Private Data for Free

China’s blockchain initiative is going ahead full steam, but local and provincial officials are facing some resistance from stakeholders who are not enthusiastic about sharing their data.

10,000 New Blockchain Companies Founded in China Despite COVID-19

10,000 New Blockchain Companies Founded in China Despite COVID-19

COVID-19 has not prevented blockchain companies in China from emerging at a dramatic speed.

Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

Chengdu, the capital of China’s Sichuan province, aims to develop blockchain applications to revolutionize cross-border trade, urban governance, and smart education by 2022.

China’s Low-Cost National Blockchain Service Network to Launch in April

China’s Low-Cost National Blockchain Service Network to Launch in April

The Chinese government’s State Information Center revealed its plans for its national Blockchain Service Network (BSN), aiming to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network.

Shenzhen Stock Exchange to Integrate Blockchain Technology to “Better Serve” China’s Capital Market Sector

Shenzhen Stock Exchange to Integrate Blockchain Technology to “Better Serve” China’s Capital Market Sector

The Shenzhen Stock Exchange, also known as the Shenzhen Stock Connect, has signed an agreement with the Guangdong Equity Exchange to jointly work on further developing the use of blockchain technology in the capital market sector.

Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department

Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department

The police department of the Haizhou district in Lianyungang, a coastal city in China published a notice on " information verification and registration of investment members of the Baer Chain case” on June 15. According to the notice, the project has been classified as a Ponzi scheme.

China’s Blockchain Service Network Unveils New International English-Based Website

China’s Blockchain Service Network Unveils New International English-Based Website

China's Blockchain Service Network, introduced in early 2020, has launched an official international website.

Head of Chinese Investment Firm Believes Blockchain will "Lead" China's Economy, Here's Why

Head of Chinese Investment Firm Believes Blockchain will "Lead" China's Economy, Here's Why

China’s blockchain push seems never-ending, various governmental and financial officials of the country have, in recent times, spoken on the merits of blockchain technology and how a distributed ecosystem may help bolster the ongoing “fourth industrial revolution.”

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows. The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions. The government’s plan has mentioned blockchain technology consistently, as it could have the potential to be used in social governance, as well as protecting data systems including intellectual property rights.

China Plans to Thwart Procedural Violations in the Police Force and Courtrooms with Blockchain

China Plans to Thwart Procedural Violations in the Police Force and Courtrooms with Blockchain

China has laid plans to use a new automated system powered by blockchain and other technologies to propel surveillance of its judges and police officers.

China’s Central Bank Partners with Three Commercial Banks to Develop Blockchain-Based Trading Platform

China’s Central Bank Partners with Three Commercial Banks to Develop Blockchain-Based Trading Platform

China’s central bank, the People’s Bank of China (PBoC) has signed an agreement with China Minsheng Bank, China CITIC Bank, and the Bank of China for cooperating on a blockchain-based trading platform.

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country. According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage.

Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain

Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain

China Zheshang Bank, based in Zhejiang province has leveraged blockchain technology to issue the country’s first asset-backed commercial paper in the Chinese financial market. China Zheshang Bank successfully issued the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” which was worth 120 billion yuan ($16.93 billion). The asset-backed commercial paper (ABCP) was issued as a part of the National Association of Financial Market Institutional Investors’ (NAFMII) pilot project. ABCPs are short-term investments issued by financial institutions to support companies in their short-term goals.

Majority of China's Tech Startups Are Exploring Blockchain Technology, Report Reveals

Majority of China's Tech Startups Are Exploring Blockchain Technology, Report Reveals

South China Morning Post's Report shows Chinese firms are growing in the adoption and integration of blockchain technology

China Issues New ‘Bejing Action Plan’ to Accelerate the Inclusion of Blockchain in the Economy

China Issues New ‘Bejing Action Plan’ to Accelerate the Inclusion of Blockchain in the Economy

The Chinese government issued a new “Beijing Action Plan” aiming to accelerate the inclusion of new emerging technologies in the country’s economy. China aims to leverage new technologies including artificial intelligence (AI), 5G, industrial internet, blockchain, big data, and others to promote the steady growth of Beijing’s economy post-pandemic.

China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain

China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain

China’s central bank, the People’s Bank of China (PBoC) Financial Technology Committee held its first meeting of the year this week, after months of delay due to the coronavirus pandemic. Fan Yifei, the PBoC’s deputy governor echoed President Xi Jinping’s call for the acceleration of the country’s blockchain development adoption. The president pointed out that it is necessary to strengthen fundamental research of blockchain technology and enhance innovation, enabling China to take a leading position in the blockchain field. The bank’s deputy governor met with the central bank’s officials as well as the heads of their affiliated financial institutions. Fan emphasized the importance of blockchain and financial technology (FinTech) industries and wanted to ensure China’s adoption plan would be laid out and implemented by 2021 to be in line with the deadline they have set out.

ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC

ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC

Asian Development Bank (ADB) is going to initiate a blockchain-powered project to connect securities depositories and central banks in the APAC region.

China’s Blockchain Services Network Now Under Major Development Alongside "Digital Fujian" Project in the Province

China’s Blockchain Services Network Now Under Major Development Alongside "Digital Fujian" Project in the Province

China’s Blockchain Services Network has been in development in the Fujian province, recently along with its 20 main blockchain projects.

Chinese corporations offer metaverse World Cup viewings, X2Y2 backtracks on royalties, and more.

Chinese corporations offer metaverse World Cup viewings, X2Y2 backtracks on royalties, and more.

China-based technology companies are reportedly working on tech that would give Chinese soccer fans the ability to watch the FIFA World Cup within the metaverse. Video streaming platform Migu is one of six Chinese firms that has secured the rights to show the World Cup. The efforts are part of a five-year plan released by the Chinese government in early November to boost the local virtual reality industry.

Shanghai High Court Pilots Blockchain Technology to Record Hearings for Court Reform

Shanghai High Court Pilots Blockchain Technology to Record Hearings for Court Reform

Shanghai’s high court has started using blockchain technology to record hearings as part of its court record reform pilot. During the meeting on the reform of court records, participants took part in observing the whole process of the court trial of a dispute over the equity transfer contract heard by the Shanghai Minhang District People’s Court.

Shenzhen Taxation Bureau to Launch New Blockchain Tax System with Ping An Group

Shenzhen Taxation Bureau to Launch New Blockchain Tax System with Ping An Group

Ping An Insurance and the Shenzhen Taxation Bureau in China signed an agreement to start using blockchain, artificial intelligence (AI), big data, cloud computing, and other technologies to develop a management platform for taxation for all types of taxpayers in the Greater Bay Area.

China’s CBDC Research Institute Partners with Didi Chuxing to Explore “Smart Travel” with the Digital Yuan

China’s CBDC Research Institute Partners with Didi Chuxing to Explore “Smart Travel” with the Digital Yuan

China’s Central Bank Digital Currency Research Institute and Chinese transportation giant Didi Chuxing have reached an agreement to explore and develop the use of digital yuan in the transportation industry.

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign forces to endanger national security.

China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

China’s petrochemical industry has accomplished the first-ever blockchain-enabled digital warehouse receipt pledge financing transaction to minimize costs.

WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments

WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments

With the novel coronavirus infecting more than 75,000 people around the world, and with the majority of the Chinese population in the Hubei province infected, authorities in the nation decided to track everyone who bought fever medicine in the province.

No-Kill Animal Organization PAWS Chicago Launches "Dogenations", Accepting Crypto Donations

No-Kill Animal Organization PAWS Chicago Launches "Dogenations", Accepting Crypto Donations

PAWS Chicago, a large-scale No-Kill animal rescue organization in the Midwestern United States, and Leo Burnett, a creative solutions company, launched a cryptocurrency donation event called "Dogenations".

FC Barcelona Fan Tokens Worth $1.3 Million Sold Out in Two Hours

FC Barcelona Fan Tokens Worth $1.3 Million Sold Out in Two Hours

FC Barcelona Fan Tokens (BAR) got sold out barely 2 hours after it went live on sale. With BAR, fans all over the world will be more engaged in the decision at the club.

Ripple CEO Urges US Regulators to Embrace Crypto as Country Risks Falling Behind China

Ripple CEO Urges US Regulators to Embrace Crypto as Country Risks Falling Behind China

CEO of Ripple, Brad Garlinghouse, has disclosed how China has taken the lead in blockchain and crypto as the US risks losing out.

Top Brazilian Crypto Exchange Mercado Bitcoin Adopts Sports Token Chiliz

Top Brazilian Crypto Exchange Mercado Bitcoin Adopts Sports Token Chiliz

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced its plans to add sports token Chiliz ($CHZ) to its existing list of digital assets.

Altcoin Watch: Top 2 Tokens to Watch This Week

Altcoin Watch: Top 2 Tokens to Watch This Week

With the instability in the market, here are key tokens that are likely to define the market trend this week.

Proposed London Hardfork Upgrade to Make Some Tokens Obsolete

Proposed London Hardfork Upgrade to Make Some Tokens Obsolete

The soon-to-be-launched EIP 1559 upgrade will send some gas-based tokens, including GST2 and CHI packing, according to 1inch Network.

KuCoin Terminates Accounts of China’s Users, Following Other Cryptocurrency Exchanges

KuCoin Terminates Accounts of China’s Users, Following Other Cryptocurrency Exchanges

Crypto exchange KuCoin has revealed that it is closing accounts associated with Chinese users. The development is another blow to investors in Bitcoin and other crypto-assets in Mainland China amid the latest crackdown on the sector.

Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts

Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts

Chinese e-commerce giant JD.com, also known as Jingdong, has successfully launched two enterprise-level applications, including blockchain-based smart contracts, and the protection of commercially confidential information. These two applications were launched on JD’s independently-developed proprietary blockchain, JD Chain. The JD Chain blockchain framework was made open sourced around a year ago, five months after the company launched the JD Blockchain Open Platform enabling companies to use JD’s platform using pre-built APIs. The blockchain protocol has been opened up to allow enterprises to built custom solutions.

China’s Tencent Will Invest 500 Billion Yuan in Blockchain and New Technology Infrastructure

China’s Tencent Will Invest 500 Billion Yuan in Blockchain and New Technology Infrastructure

Chinese tech giant Tencent Holdings, the owner of China’s messaging platform WeChat has announced that the company will be investing 500 billion yuan ($70 billion) in the next five years in emerging technologies including blockchain, artificial intelligence (AI), cloud computing, and cybersecurity. Tencent is aiming to strengthen the development of FinTech in China, following the push of accelerating the development of blockchain as stated by the country’s President Xi Jinping.

Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

China is tapping into the potential of blockchain technology like none other; the country’s entrepreneurs and local governments alike have already started implementing blockchain-based projects while most of the globe grapples with legality issues.

Tencent Uses Blockchain in Annual "99 Giving Day" Charity Campaign

Tencent Uses Blockchain in Annual "99 Giving Day" Charity Campaign

Chinese internet giant Tencent will use of blockchain technology in its annual internet charity campaign dubbed “99 Giving Day.”

China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes

China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes

China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018. The Financial Blockchain Shenzhen Consortium (FISCO) is backed by more than 100 Chinese organizations, including Huawei, Tencent, JD Finance, and WeBank, which is partly backed by Tencent. Developed by FISCO, the enterprise blockchain protocol was the first blockchain to be supported by China’s Blockchain Service Network.

China's Tencent Forms Alliance to Boost Blockchain Development in the Country

China's Tencent Forms Alliance to Boost Blockchain Development in the Country

China remains a pacesetter in the technological landscape. The Chinese government as well as Chinese companies are all in tandem with the fight to push for a whole new world of technological dominance. This developmental posture is also true of Tencent, one of China’s technologically focused firms that announced it has formed an industrial alliance that will help promote the development of blockchain technology. The alliance is set to recruit 100 members before the end of the year to create room for wider representation.

Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China

Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China

Standard Chartered has made a milestone by completing its first cross-blockchain trade finance pilot transaction between Hong Kong and China.

CHILIZ Launches Layer 1 Blockchain for Sports and Entertainment Industry

CHILIZ Launches Layer 1 Blockchain for Sports and Entertainment Industry

Chiliz has announced the launch of the Scoville testnet for the newly established Layer 1 blockchain network Chiliz Chain 2.0 (also known as CC2).

Deutsche Bank Ignored Suspicious Activity of Child Sex Trafficker Jeffrey Epstein, Bitcoin Community Screams Hypocrisy

Deutsche Bank Ignored Suspicious Activity of Child Sex Trafficker Jeffrey Epstein, Bitcoin Community Screams Hypocrisy

The NY State Department of Financial Services has slapped Deutsche Bank with a $150 million dollar fine, Bitcoin Community has been quick to call out the institutional bank’s shortcomings in funding international sex trafficker Jeffrey Epstein.

South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader

South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader

A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. It came to the limelight following a national outcry following the sexual exploitation of underage girls by Cho Ju-bin and his team who was named and paraded through the Korean streets to face the public in March.

Tether Says No Chinese Commercial Papers Holding on its Reserve

Tether Says No Chinese Commercial Papers Holding on its Reserve

Tether Holdings Ltd, the USDT stablecoin issuer, has once again rebutted growing rumours about the composition of its reserve base. The issuer said they have no Renminbi holdings on its reserve.

Brock Pierce For President, Crypto Venture Capitalist Announces Candidacy

Brock Pierce For President, Crypto Venture Capitalist Announces Candidacy

Brock Pierce has announced that he will be joining the presidential race in the 2020 US elections.

President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor

President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor

John Bolton, a former national security advisor in the Trump administration, has purported that the US president ordered Treasury Secretary Steven Mnuchin to crack down on Bitcoin in mid-2018.

Miami Mayor Embraces Chinese Bitcoin Miners

Miami Mayor Embraces Chinese Bitcoin Miners

Miami Mayor Francis Suarez said the city open doors to Bitcoin miners from China as a new home for Bitcoin mining.

3 Ways Biden Can Be Friendly With China

3 Ways Biden Can Be Friendly With China

I’ve often viewed myself as both a global citizen and a bridge between East and West. The Biden Administration has a once-in-a-generation opportunity to redefine America’s role in the global economy and pave the way for success in world with two equal economic superpowers. Here’s how…

Pelosi and Mnuchin Narrow Differences on Pre-Election Stimulus Terms, Will Republicans Compromise?

Pelosi and Mnuchin Narrow Differences on Pre-Election Stimulus Terms, Will Republicans Compromise?

House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin have reportedly narrowed their differences on the terms for a pre-election pandemic relief package.

US-China Tech War and Data Concerns Could Create the Splinternet

US-China Tech War and Data Concerns Could Create the Splinternet

Political tensions between the United States and China have been rising with some experts predicting the divide on data standards has grown large, it could split the internet.

China's CCP Official Expelled for Violation Crypto Mining Ban Provisions

China's CCP Official Expelled for Violation Crypto Mining Ban Provisions

A former member of the Chinese Communist Party’s (CCP) advisory body has been expelled from the party in what appears to be the first full-blown sanction of an official who has touched Beijing’s nerve against cryptocurrency mining.

GOP Senators Urge US Olympic Committee to Bar Athletes from Using Digital Yuan, China Rebukes Criticism

GOP Senators Urge US Olympic Committee to Bar Athletes from Using Digital Yuan, China Rebukes Criticism

Three U.S. Republican senators urged United States Olympic & Paralympic Committee (USOPC) to ban American athletes from acquiring or using digital yuan (e-CNY) in the Beijing Winter Olympics in 2022. China rebukes their criticism.

Trump Administration May Consider Placing China’s Ant Group on Trade Blacklist

Trump Administration May Consider Placing China’s Ant Group on Trade Blacklist

The US State Department recently submitted a proposal to add Ant Group to a trade blacklist, inhibiting the fintech giant’s business operations within the US.

OKB Token Price Rises Over 10% on News of OKEx Exchange Founder’s Release

OKB Token Price Rises Over 10% on News of OKEx Exchange Founder’s Release

Circulating rumors of OKEx exchange founder Mingxing “Star” Xu’s release from the custody of Chinese authorities has seen the OKB token surge over 10% today.

Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai

Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai

Ant Financial, formerly known as Alipay and known renamed to ‘Ant Group’, has announced its intentions of launching an initial public offering (IPO) that would be featured both on the Shanghai Stock Exchanges' STAR board and the Stock Exchange of Hong Kong (HKEX/ SEHK).

CoinMarketCap, CoinGecko, TradingView Blocked in China after Toughened Cryptocurrency Clampdown

CoinMarketCap, CoinGecko, TradingView Blocked in China after Toughened Cryptocurrency Clampdown

Millions of crypto users in China suddenly found themselves unable to access TradingView, CoinMarketCap, and CoinGecko, a time the country renewed its fresh crackdown on crypto assets.

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

China’s crypto journalist Colin Wu believes that Chinese police have sold cryptocurrencies seized from the $4.2 billion PlusToken Ponzi crackdown.

FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large

FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large

The DoJ and the FBI seized two criminals connected to a cybercrime targeting over 100 companies in the US and abroad with ransomware, crypto jacking and more.

Dark Web Sucks in Bitcoin Payments From Viewers Paying to See Livestream Murder

Dark Web Sucks in Bitcoin Payments From Viewers Paying to See Livestream Murder

Two 17-year-old Italians have been detained under the Delirium operation for instigating child pornography and live torture viewings on the dark web. The two Italians paid Bitcoin (BTC) to a dark site address in order to unlock explicit footage of children being sexually abused.

Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under

Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under

The Australian Cyber Security Center has published a report highlighting vulnerabilities that are being exploited by hackers using cryptojacking malware.

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

China-based crypto investors launched a cryptocurrency scam of their own, after having been defrauded themselves.

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist

Australia recorded one of its first cases of cryptocurrency theft recently.

TOR Network Vulnerability May Have Facilitated Dark Web Bitcoin Theft

TOR Network Vulnerability May Have Facilitated Dark Web Bitcoin Theft

According to a cybersecurity researcher, Bitcoin thieves and hackers have controlled more exit relays on the Tor network this year than in the past five, raising serious cybersecurity concerns that experts are looking to fix.

Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M

Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M

TheDoJ has sanctioned two Russian nationals for their cybercrimes, where millions in cryptocurrency were accumulated through scamming and phishing schemes.

Chinese Police Arrests Masterminds, Seizes $8.46M in Crypto Connected to Online Pyramid Scheme

Chinese Police Arrests Masterminds, Seizes $8.46M in Crypto Connected to Online Pyramid Scheme

Chinese police officers, specifically those operating from the Pingchuan Branch of the Public Security Bureau of Baiyin City, Gansu Province have cracked a case involving a pyramid scheme that was built around the XRP digital currency.

Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC

Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC

Recently, a Bitcoin sex scam that has been running since 2015 accumulated fraudulent funds of approximately $115,000 before being detected.

Bitcoin and Anonymous Tokens Used in Illicit Child Porn Activities—Crackdown by Spanish Authorities

Bitcoin and Anonymous Tokens Used in Illicit Child Porn Activities—Crackdown by Spanish Authorities

According to a recent report by Guardia Civil, Spanish authorities arrested several individuals involved in illicit crypto-driven child porn activities. Within the Kiru criminal operation ring, a man was detained for abusing his stepdaughter and using her to generate content for an illegal child porn website. Digital payouts were then made to an offshore account.

PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison

PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison

The ringleaders of the PlusToken Ponzi Scheme have been charged with 11 years of prison after they stole cryptocurrencies worth 14.8 billion yuan.

Ripple and Chainalysis to Discuss How Crypto for Crime and Child Exploitation Can Be Prevented

Ripple and Chainalysis to Discuss How Crypto for Crime and Child Exploitation Can Be Prevented

An illicit way in which cryptocurrencies have been used in the digital age has been to drive the distribution of child sexual abuse material (CSAM).

Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals

Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals

Government officials identified that cryptocurrencies are used to collect and transfer 1 trillion yuan out of China to online gambling and casinos every year.

Over 1,100 Suspects Arrested in China on Crypto-related Crimes

Over 1,100 Suspects Arrested in China on Crypto-related Crimes

China took joint national actions to arrest more than 1,100 suspects involving committing crimes by conducting cryptocurrencies unlawful trading.

Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials

Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials

The Chinese police arrested a crypto scammer gang in Wenzhou that reportedly swindled $14.3M in cryptocurrencies.

Binance CEO Changpeng Zhao Named as the Richest Ethnic Chinese Person: Caijing Reports

Binance CEO Changpeng Zhao Named as the Richest Ethnic Chinese Person: Caijing Reports

Changpeng Zhao, the CEO of Binance cryptocurrency exchange, has been tagged the richest ethnic Chinese person alive, according to local media from China reports.

Crypto is Unable to Solve Modern Moneatry Problems, Says Economics Scholar

Crypto is Unable to Solve Modern Moneatry Problems, Says Economics Scholar

Hans-Joachim Voth, a Professor of Economics at the University of Zurich, said he has not seen cryptocurrencies able to tackle modern monetary problems.

Puerto Rican Regulators Closes Peter Schiff's Bank - a Case for Decentralization?

Puerto Rican Regulators Closes Peter Schiff's Bank - a Case for Decentralization?

Puerto Rican authorities have closed down the Euro Pacific Bank, a local financial institution that belongs to Peter Schiff, the world’s most vocal Bitcoin (BTC) critic.

Elliptic Hires OakNorth's Jackson Hull as Chief Technology Officer

Elliptic Hires OakNorth's Jackson Hull as Chief Technology Officer

As CTO, Hull will be responsible for taking Elliptic into the next phase of its product and technology growth, leading one of the major blockchain analysis providers.

Chico Crypto Goes Head-to-Head with Cardano Founder on Smart Contracts

Chico Crypto Goes Head-to-Head with Cardano Founder on Smart Contracts

Crypto gets its first bout in the ring with well-known crypto YouTuber Tyler Swope aka Chico Crypto going head to head against Charles Hoskinson Founder of Cardano.

Investors Flock to the DEX dYdx with its Token with Rising by 50% after the Clampdown from China

Investors Flock to the DEX dYdx with its Token with Rising by 50% after the Clampdown from China

Since last Friday, the People's Bank of China began to crack down on cryptocurrency trading, a large number of Chinese traders seem to have turned their trading venues to dYdX- a decentralized leveraged trading exchange.

China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?

China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?

A segment on China's CCTV appeared to actively promote Etheruem and DeFi, but isn't Beijing anti-crypto?

MyNFT to Bring Europe's First NFT Vending Machine to London

MyNFT to Bring Europe's First NFT Vending Machine to London

Web3 startup MyNFT will be launching the UK's first NFT Vending machines in London

Chinese State Media Agency Xinhua to Issue First News NFT Collectables

Chinese State Media Agency Xinhua to Issue First News NFT Collectables

Amid the strict restriction of cryptocurrency activities in China, Chinese state media agency Xinhua will issue its first news NFT collectables on Friday at 8 p.m.

China Leads APAC Nations in Google Search Trend for NFT

China Leads APAC Nations in Google Search Trend for NFT

The latest Google Trends data shows China is the country with the most interest for Non-Fungible Token (NFT) related searches in the APAC region.

Swiss’ SEBA Bank Launches Regulated Custody Services for Blue Chip NFTs

Swiss’ SEBA Bank Launches Regulated Custody Services for Blue Chip NFTs

SEBA bank has expanded the reach of its crypto offerings with a new service dedicated to custody for NFTs

Beijing Launches Two-Year Metaverse Development Plan

Beijing Launches Two-Year Metaverse Development Plan

Beijing has announced plans to accelerate the development of metaverse within all its corresponding districts.

Chinese Tech Giants Cautiously Invest in the Metaverse

Chinese Tech Giants Cautiously Invest in the Metaverse

Chinese mega unicorns are certainly investing in the metaverse, despite many firms are taking a cautious approach, given Beijing’s current crackdown on tech companies.

Binance CEO CZ Denies that US Exchange Arm Was Created to Distract Regulators

Binance CEO CZ Denies that US Exchange Arm Was Created to Distract Regulators

The leaked "Tai Chi" document obtained by Forbes indicates that Binance.US was set up to circumvent regulation—a claim that CEO Changpeng Zhao (CZ) vehemently denies.

PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?

PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?

The Inland Revenue Department (IRD) of Hong Kong took a step further to provide clarity in taxing digital assets. In the recent press release titled “LCQ20: Regulation of virtual asset investment activities”, James Lau, the Secretary for Financial Services and the Treasury answered the queries raised by the Hon Wu Chi-wai on taxation of virtual assets, tax evasion of virtual asset-related business and latest effort to regulate virtual assets by the Hong Kong Securities and Futures Commission (SFC).

Ethereum User Pays $9,500 In Transaction Fees to Send $120 of ETH

Ethereum User Pays $9,500 In Transaction Fees to Send $120 of ETH

An Ethereum user has found himself paying $9,500 in transaction fees to send only $120 of Ether.

Trending topics