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U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT
8.11.2023
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill
China Mulls Digital Yuan Settlements for Commodities
7.11.2023
The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help companies avoid the difficulties of using a single...
China’s Digital Yuan Scores Taiwan First with Bond Offering
7.11.2023
China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds. The offering, an ultra-short-term financing bond, was launched by Xiamen Xiangyu Group (XMXYG), a Mainland Chinese financial firm based in Xiamen that also...
China’s BTC Digital Bolsters Bitcoin Mining Capability with 220 Units – Crypto Mining Making a Comeback?
6.11.2023
BTC Digital, a Chinese Bitcoin mining firm with operations in the US, has announced the purchase of 220 Bitmain Antminer S19j Pro Bitcoin mining machines, bolstering its Bitcoin mining capabilities. According to an announcement from the firm, the machines, which are set to be delivered...
China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news
6.11.2023
Despite regulatory clarity, Hong Kong has failed to pick up the pace regarding futures-based cryptocurrency ETFs so far
Hong Kong regulator issues tokenized investments requirements amid demand
6.11.2023
The intent behind the tokenization of SFC-authorized investment products is tied to the rising market demand and the government’s willingness to facilitate market development
English school turned BTC miner in China expands capacity with 220 new units
3.11.2023
BTC Digital used to be a chain of English schools based in Shenzhen. Now it has mining farms in Pennsylvania and Tennessee
UK AI Safety Summit: Musk likens AI to 'magic genie,' says no jobs needed in future
3.11.2023
The second day of the UK AI summit featured a one-on-one talk between Prime Minister Rishi Sunak and Elon Musk that discussed the future of the job market, China and AI as a “magic genie.”
Chinese Court Hands 6-Year Prison Terms to Masterminds in $300 Million USDT Money Laundering Case
2.11.2023
The Tongliang Court in China handed down sentences to 21 individuals, including key figures in a $300 million USDT money laundering case. The massive crypto money laundering case, which spanned from November 2020 to late April 2021, revolved around the actions of the primary defendants, Jiang...
UK AI Safety Summit begins with global leaders in attendance, remarks from China and Musk
1.11.2023
The U.K. AI Safety Summit concluded its first day with a common declaration, the U.S. announcing an AI safety institute, China willing to communicate on AI safety and comments from Elon Musk
PayPal scores UK crypto license after brief local Bitcoin buy halt
1.11.2023
Licensed by the FCA on Oct. 31, 2023, PayPal has requirements or restrictions placed on the financial services activities that it can operate
HSBC and Ant Group test tokenized deposits under HKMA sandbox
1.11.2023
During the test, HSBC was connected to the blockchain platform developed by Ant Group and supported by Ant Group’s banking partners
Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance
1.11.2023
Lightbound disclosed that he owns Bitcoin himself but won’t advocate for people to buy it but rather study it
Project mBridge reveals details of its workings ahead of MVP, commercial debut
31.10.2023
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
31.10.2023
e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
27.10.2023
When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power...
Chinese Ride Sharing Giant Didi Chuxing Rolls out Digital Yuan Services
27.10.2023
China’s ride-sharing giant Didi Chuxing has unveiled a new digital yuan service that will let citizens in 250 parts of the nation use their CBDC coins to rent motorcycles. Per the Xi’an Business News Network, the move involves the Didi Chuxing affiliate Didi Qingjue, which operates...
Australia’s $145M exchange scandal, Bitget claims 4th, China lifts NFT ban: Asia Express
27.10.2023
Asia Express: Cops bust Australian crypto and fiat money laundering exchange, Bitget now 4th largest exchange, China partially lifts NFT ban
China Aiming for International Digital Yuan Expansion – e-CNY Going Global?
26.10.2023
There are clear signs China wants to take the digital yuan, its CBDC, into the global arena – with CIPS and BRI integrations in the pipelines. Per Alpha Factory (via EastMoney), fintech firms such as MOG Digitech Holdings are making headway in the CBDC sector, and are eyeing global uses...
Elon Musk, Vivek Ramaswamy Warn of Increasing World War III Risk — ‘The US as We Know It Will Cease to Exist’
26.10.2023
Tesla CEO Elon Musk and U.S. presidential candidate Vivek Ramaswamy have cautioned about the increasing risk of World War III erupting. “I think we are sleepwalking our way into World War III,” Musk said. Ramaswamy warned: “If we enter a major conflict, anything resembling World...