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JPMorgan: China’s Metaverse-Related Economy Could Reach $4T
15.9.2022
The metaverse could triple China’s online-gaming market alone to $131 billion, the bank said
Temtem & 'battle pass': a study in tightrope walking
14.9.2022
Also: an explainer on where games & China are at
A Peculiar Flavor of NFTs Is Thriving in China – One Regulators Can Abide
14.9.2022
Unlike most non-fungible tokens, China’s “digital collectibles” are built on closed networks and designed to appease regulators who frown on trading and speculation
China’s Metaverse Gaming Market Might Explode to Over $100 Billion According to JPMorgan
14.9.2022
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this...
Filecoin service provider announces move to Singapore in light of tightening restrictions in China
13.9.2022
The service provider also announced the launch of a new system upgrade to increase yield efficiency
Filecoin Miner RRMine Global Leaves China for Singapore
13.9.2022
The move was spurred by tightened restrictions on crypto in China and concerns over the country's Web3 strategy
Central Bank of China Calls for Increasing Use of Digital Yuan
12.9.2022
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers....
China to Crack Down on Copyright Infringement Through NFTs
10.9.2022
Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments....
Bitcoin is pinned below $20K as the macro climate stifles hope for a sustainable BTC bull run
7.9.2022
BTC bulls have a chance to profit from this week’s $410 million options expiry, but the factors pulling down equities markets reduce the chance of Bitcoin changing its trend
China’s State-Backed Open Source Blockchain Onboards HK Conglomerates HSBC, Emperor Group
6.9.2022
China's state-backed Blockchain Service Network (BSN) has onboarded more than 10 conglomerates to its newly-launched Spartan Network, a blockchain infrastructure project
Blockchain incubator valued at $100M following NGC Ventures-led Series A
5.9.2022
PANONY, a Hong Kong-based investor and consulting agency, is prioritizing Web3 startups for its incubator program
Report: Chinese Metaverse Industry Raises $780 Million in Funding
5.9.2022
The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting...
Bitcoin’s in a bear market, but there are plenty of good reasons to keep investing
2.9.2022
Higher volatility, equity offerings and resistance to regulatory sanctions are just a few reasons why investors should keep an eye on BTC
Oil falls Due to USD and China Lockdowns; Gold Nears $1700
2.9.2022
As China continues to struggle in its battle against the COVID pandemic and concerns of a worldwide recession mount as rates rise, crude oil prices are plummeting. OPEC+ is expected to discuss output reductions at their meeting on September 5; however, despite Friday’s increase in oil prices...
CZ hits back at claims Binance is a Chinese company
2.9.2022
The Binance founder has also detailed some personal and business-related challenges he had to overcome from the Chinese government, even before the launch of Binance in 2017
The total crypto market cap continues to crumble as the dollar index hits a 20 year high
1.9.2022
The total crypto market capitalization dropped by 6.9% in one week, while derivatives metrics reflect increasing demand for bearish bets
Pokémon Company Sues Six Chinese Companies, Wants Them To Apologize For Making Millions Off Similar Game
1.9.2022
The Pokémon Company has filed a lawsuit against six Chinese companies over a mobile game for “copyright infringement and unfair competition behavior.” It is claiming over $72 million in damages and demanding public apologies on major social media platforms, gaming websites, and app stores....
Tech giant Meitu loses over $43M of its crypto investment in bear market
1.9.2022
Meitu was one among many public companies that purchased Bitcoin to hold as a treasury reserve during the peak of the bull run last year and now joins the list of companies that have suffered heavily due to the bear market
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk
26.8.2022
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid...
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses
26.8.2022
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors...