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Binance Employees are Allegedly Helping Users Bypass China's Crypto Ban – Here's What You Need to Know
24.3.2023
CNBC's recent investigation has dropped a bombshell, Binance employees may be actively assisting Chinese users in eluding the country's rigid crypto regulations.
The probe scrutinized translated messages from Discord servers and Telegram groups tied to Binance, the world's largest cryptocurrency...
Digital Yuan Adoption Drives Now Focusing on Cross-border Pay – Are CBDCs Set to Take Over?
24.3.2023
A growing number of Chinese government city authorities, banks, and firms are looking to adopt the digital yuan as a payment tool – as the central bank digital currency (CBDC) rollout continues to intensify.
A number of similar measures in recent months suggest that Beijing is looking to build...
Binance employees allegedly help customers in China bypass KYC controls
24.3.2023
A new investigation claims that Binance’s billion-dollar security protocols are being manipulated by users around the world through inside help
Binance Users in China, Elsewhere, Evade KYC Controls With Help of 'Angels': CNBC
24.3.2023
Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance debit card, CNBC reported, citing Chinese-language chatroom messages it translated
Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies
22.3.2023
As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies...
Chinese Employees Pay Social Insurance Fees, Taxes with Digital Yuan – Is CBDC Adoption on the Rise?
22.3.2023
A growing number of Chinese employees and firms can now use the nation’s Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and taxes.
Per reports from the Chinese media outlets JS China and NH News, citizens in Lianyungang and other cities in...
Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report
22.3.2023
Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers...
Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
21.3.2023
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011....
More Than 80 Firms Express Interest in Establishing Presence in Hong Kong – Next Crypto Hub?
20.3.2023
Hong Kong has seen massive interest from virtual asset-related firms as the city pushes toward reclaiming its position as a global crypto hub with a more friendly regulatory stance.
Christian Hui, Hong Kong's Secretary for Financial Services and the Treasury, said during a recent speech that more...
Taiwan watchdog FSC to assume authority on crypto regulation
20.3.2023
Taiwanese lawmakers reportedly expect to finalize a crypto regulatory framework by the end of March or April at the earliest
Report: China Will Become a Metaverse Tech Leader During 2023
20.3.2023
A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (AI), virtual reality (VR), augmented reality...
Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket
19.3.2023
Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023,...
China’s Fujian Province Has Processed $22bn Worth of Digital Yuan – Are CBDCs Taking Over?
17.3.2023
Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.
The province was added to the CBDC pilot zone last year. And it broke ground...
Founder of Crypto Exchange Bitzlato Denies US Charges
16.3.2023
The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder...
Report: Shanghai Bank Mulls Buying Silicon Valley Bank’s Stake in Chinese Subsidiary
15.3.2023
According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition, which may help minimize the impact of SVB’s shutdown. In its statement following SVB’s...
KuCoin leads $10M funding for Chinese yuan stablecoin issuer
15.3.2023
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan
Today in Crypto: Wirex & Novatti to Issue Cards to Australians, 280 Networks & $25BN at Risk Due to a Vulnerability, China’s 'Surveillance Coins' vs US 'Freedom Coins'
14.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Wirex & Novatti to Issue Cards to Australians, 280 Networks & $25BN at Risk Due to a Vulnerability...
Bitcoin derivatives suggest $26K resistance level won't hold for long
14.3.2023
BTC margin and option markets show no signs of discomfort or overconfidence despite 28% gains in two days
CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair
14.3.2023
The former CFTC chair argues that AML and KYC measures are outdated and constitutionally questionable and said crypto technology can do better
Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
12.3.2023
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.”...