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Chinese Police Bust $140 Million Crypto Money Laundering Ring
21.11.2023
Source: Pexels China’s law enforcement agency in Wuhan arrested 27 individuals involved in a sophisticated crypto money laundering and crime operation involving 1 billion yuan, approximately $140 million. The arrests were made in provinces and cities such as Deyang in Sichuan, Changchun in Jilin...
State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse
10.11.2022
Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies...
Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China
7.11.2022
The Chinese government has shown a keen interest in developing a metaverse economy, but its stance on NFTs hasn’t been very clear
Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China
1.7.2020
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22%...
Wuhan Days: What I Learned About Blockchain From Two Months Under Lockdown
8.4.2020
A DeFi professional describes life under quarantine in COVID-19's epicenter. When the next crisis comes, he says, blockchain tech will be ready to help
Holding Group Behind OKEx Invests in Wuhan-Based Blockchain Startup
8.4.2020
OKEx has invested into a Wuhan blockchain startup as the city returns to normal life
Justin Sun Happy With China’s Decision to End Lockdown in Wuhan
25.3.2020
Justin Sun, the TRON spearhead and a renowned business personality of the crypto industry, showed his overwhelmingness while announcing that China is all set to end the lockdown on Wuhan imposed earlier to control the spread of COVID-19. He released a chain of tweets on his official Twitter handle...
Crypto’s Coronavirus Response: Binance Donates Medical Supplies to Wuhan
11.3.2020
The global crypto community continues the fight against coronavirus: Binance Charity Foundation announced the donation of protective suits, gloves, goggles and oxygen machines to medical institutions in China’s Wuhan province, as part of its ‘Binance for Wuhan’ initiative. On March 9, the Binance...
Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders
3.2.2020
Bitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels. Sources say Bitmain and Innosilicon are delaying mining device shipments as well. Also read: How...