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Shanghai Plans to Cultivate $52B Metaverse Industry by 2025
12.7.2022
Shanghai city authorities released a policy paper setting out a plan to create a $52 billion metaverse industry by the end of 2025
Hacker Selling 1 Billion Chinese Citizens’ Data for 10 BTC, Zuckerberg’s Meta Ends Novi Project, and More — Bitcoin.com News Week in Review
10.7.2022
In this week’s bite-sized digest of the hottest stories from Bitcoin.com News, a hacker claims to have stolen a massive amount of Chinese citizens’ personal data from Shanghai police, and now wants to sell it for ten bitcoins. Also, Mark Zuckerberg’s Meta has ditched the Novi...
Leaked Personal Data of 1 Billion Chinese Citizens on Sale for 10 Bitcoins — Hacker Claims Stolen From Shanghai Police
6.7.2022
A hacker claims to have stolen the personal data of a billion Chinese citizens from the Shanghai National Police (SHGA) and is selling it for 10 bitcoins. “This database contains many TB of data and information on billions of Chinese citizens.” 23 Terabytes of Data on a Billion...
Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules
18.6.2022
A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is invalid, a Chinese court has ruled. The court asserts that a virtual currency does not have the same...
NFT platforms in China grow 5X in four months despite government warnings
17.6.2022
NFTs are still a gray area in China where unlike cryptocurrencies, there’s no official ban on its use, but the authorities have warned investors against the risks from time to time
Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs
7.6.2022
A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8 million and using the funds to buy bitcoin mining rigs. Although Li Qunnan has denied the allegations, executives insist their evidence implicates him....
ETH Co-Founder Vitalik Buterin Says The Merge Could Happen in August, There’s Also ‘Risk of Delay’
21.5.2022
Following the statements from Ethereum developer Preston Van Loon at the Permissionless conference, Ethereum co-founder Vitalik Buterin has further confirmed The Merge will likely happen in August. Buterin noted, however, that it’s quite possible there’s still a risk of delay, and...
China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
16.5.2022
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article,...
Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review
15.5.2022
With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock...
Shanghai court affirms that Bitcoin is virtual property, subject to property rights
12.5.2022
A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process
Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law
12.5.2022
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as...
Hundreds of NFTs listed on OpenSea from Shanghai residents during COVID lockdown
4.5.2022
In response to the city’s COVID-19-related lockdown, Shanghai residents turned to the blockchain to preserve their experiences
Genshin Impact Fans React To Historic First Delay In Two Years Of The Pandemic
29.4.2022
Yesterday, Genshin Impact developer HoYoverse announced that the latest update for their open world RPG would be delayed, a first for a live service game that’s been reliably consistent for the past two years. The official Twitter account said that version 2.7 would be postponed because of “project...
The Ways Shanghai's Food Crisis Is Impacting Chinese Game Devs
15.4.2022
For the past few days, Genshin Impact players have been speculating about how extended lockdowns and food crises in Shanghai have been affecting the game’s development. The promised teapot event was never released, and the Serenitea housing system has been in extended maintenance mode since...
Weekend Crypto Trading Offers Clues to Stock Investors as Tesla Faces Shanghai Lockdown
4.4.2022
The predictive power of tokenized stocks that are traded 24/7 is finally receiving the attention of Wall Street and the financial media, after Tesla’s stock tokens signalled bullishness among traders despite a difficult weekend for the electric car maker....
Read More: Weekend Crypto Trading...
Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme
16.3.2022
Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high returns and a regular income to lure more victims....
Shanghai Police Bust $16M Crypto Pyramid Scheme
15.3.2022
The scheme was Shanghai's first cracked case of an online pyramid scheme using cryptocurrencies, according to the police
Israel's Pro Crypto Move, Shanghai's Metaverse, Bitcoin-Backed USD 100M Credit Facility + More News
31.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Israel's Pro Crypto Move, Shanghai's Metaverse, Bitcoin-Backed USD 100M Credit Facility + More News
Shanghai includes Metaverse in its development plan
31.12.2021
Shanghai's five-year plan calls for the use of metaverse in public services, business offices, entertainment and industrial manufacturing, among others
Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities
17.12.2021