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SBF’s alleged Chinese bribe, Binance clarifies account freeze: Asia Express
13.10.2023
SBF allegedly bribes Chinese officials with $150 million to unfreeze accounts, Binance justifies blocking Hamas users, meanwhile, Huobi hacker returns all $8M in stolen assets
Chinese IT Giant Tencent Launches Digital Yuan Smart Contract Services
13.10.2023
The Chinese tech titan Tencent, the WeChat operator, will launch a digital yuan smart contract offering for small and medium-sized enterprises (SMEs).
The move comes weeks after the firm announced it would join a central bank-led e-CNY and global CBDC interoperability pilot.
Per the Securities...
Crypto lending invalidated by Chinese court in second landmark ruling
12.10.2023
Plaintiff Mr. Ming will have no judicial relief to recoup his 80,000 Tether loan after its borrower defaulted
Caroline Ellison testimony: SBF bribed Chinese officials for $150M to unfreeze funds
12.10.2023
Caroline Ellison, the star witness in the Sam Bankman-Fried criminal trial, testified that SBF tried to use identities linked to Thai sex workers to unfreeze funds before bribing Chinese officials for millions
Renowned Investor Jim Rogers Warns of US Dollar Dominance Ending — Sees Chinese Yuan as the Only Competitor
12.10.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has reiterated his warning of the end of U.S. dollar dominance. “I know that the era of the U.S. dollar is coming to an end. No currency stayed on top forever,” he stressed, adding that...
Alameda’s $150M Bribery Bombshell: Thai Sex Workers and Sam Trabucco’s Disappearance Fuels Mystery
12.10.2023
In a riveting development, Caroline Ellison’s recent testimony revealed that Alameda Research is believed to have shelled out a whopping $150 million to Chinese officials to unlock accounts valued over $1 billion. The narrative thickens as the former co-CEO, Sam Trabucco, has seemingly...
A Saudi Prince, Chinese Government Officials, and Thai Prostitutes: Former Alameda Research CEO’s Damning Testimony Continues against Sam Bankman-Fried
11.10.2023
Caroline Ellison, former Alameda Research CEO and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried, stunned the jury today in Manhattan Federal Court when she revealed startling claims involving Alameda Research’s ties to international government officials....
Read More: A Saudi Prince...
Rise in Chinese Banks Issuing Digital Yuan Corporate Loans
11.10.2023
More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify.
Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city of Sanya....
Read...
China Debuts Digital Yuan Interconnection With Hong Kong Payment System During 19th Asian Games
10.10.2023
The Chinese digital yuan, China’s central bank digital currency (CBDC), now features an interconnection with the Hong Kong payment system, allowing tourists coming to mainland China to purchase and top up a digital yuan wallet. The system, created by the Digital Currency Research Institute...
Chinese government-owned newspaper to launch NFT platform
9.10.2023
China Daily stated that digital collectibles sold on its platform may be bridged to the likes of Opensea and LooksRare
Digital Yuan Giveaways Driving Adoption, Chinese Central Bank Claims
9.10.2023
The Chinese central bank has claimed that its program of digital yuan giveaways is helping to drive up CBDC adoption.
According to the state-run newspaper the People’s Daily, the Digital Currency Research Institute, the central People’s Bank of China (PBoC)’s dedicated digital yuan arm,...
OFAC’s Sanction Bucket Grows: BTC, TRX, and ETH Addresses Flagged Over Fentanyl Ties
6.10.2023
The Office of Foreign Asset Control (OFAC) under the Treasury has released an updated version of the specially designated nationals (SDN) list, featuring multiple alleged fentanyl traffickers from China along with their associated cryptocurrency addresses. These highlighted crypto addresses...
US Treasury Imposes Sanctions on Several Chinese Crypto Wallets Linked to Illegal Drug Dealers
4.10.2023
The US Department of Treasury has imposed sanctions on cryptocurrency wallets of China-based chemical companies and individuals tied to illegal production and trafficking of fentanyl.
The blocked wallets apparently “received millions of USD funds over hundreds of deposits,” Deputy Treasury...
Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
3.10.2023
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities
Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance
28.9.2023
In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of...
Chinese Tech Giant Tencent Joins CBDC Interoperability Pilot
28.9.2023
China’s Tencent, the operator of the WeChat and WeChat Pay platforms, will join central bank-led digital yuan and CBDC interoperability pilots.
WeChatPay, along with its rival Alipay, has cornered some 15% of the Chinese payments market.
But in recent years, Tencent has moved to align with...
Bitcoin Gains Recognition As A Unique, Non-Replicable Digital Asset Following Chinese Court Report
26.9.2023
The Shanghai Second Intermediate People's Court in China has explained that Bitcoin (BTC) stands out as a unique virtual asset based on several attributes including its scarce nature.
On Sept. 25, the court published a report “Legal Attributes and Judicial Disposal of Digital Currency”...
US Presidential Candidate Nikki Haley: China Preparing for War and Xi Jinping Intends to Win
26.9.2023
U.S. presidential candidate Nikki Haley has warned that China is preparing for war and Chinese President Xi Jinping intends to win. “China is an existential threat. It has spent half a century plotting to defeat us,” she stressed, cautioning that China is “building a massive cutting edge military...
Chinese Banks, Firms Make Digital Yuan Smart Contract Progress
22.9.2023
Chinese banks and businesses want to step up their use of digital yuan-powered smart contracts, as the financial and industrial sectors eye CBDC progress.
Per the Securities Times (via Stockstar), the state-run Postal Savings Bank of China has “officially” co-launched the nation’s first...
Chinese “Super SIM” Cards to Feature New Digital Yuan Functions
21.9.2023
New Chinese “Super SIM” cards will function as digital yuan wallets, smartcards, and ID cards as the nation’s CBDC pilot continues.
Chinese mobile operators such as China Mobile have been working on so-called “Super SIM” offerings since 2016.
They have added a range of functionality to the cards...