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Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base
14.5.2024
President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining...
Report Reveals Chinese Workers Converting Earned CBDC To Cash
13.5.2024
Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money.
The post Report Reveals Chinese...
Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report
13.5.2024
Police in Panshi City, Jilin arrested six people for running an "underground bank."
Chinese Police Arrest Six Suspects in $300 Million Cryptocurrency Money Laundering Case
13.5.2024
The Public Security Bureau of Panshi City in Jilin Province has cracked down on an illegal operation involving underground banks and virtual currencies.
The post Chinese Police Arrest Six Suspects in $300 Million Cryptocurrency Money Laundering Case appeared first on Cryptonews
Chinese workers paid in CBDC are cashing it out for real money: Report
13.5.2024
Some participants of China’s CBDC pilot program are reportedly hesitant to hold onto the digital yuan, citing a range of concerns with using the state-backed digital currency
Chinese AI Startups Take on Industry Giant OpenAI
4.5.2024
A new wave of AI startups in China is rising to challenge OpenAI's dominance in the generative AI market. With ChatGPT unavailable in China, companies like Zhipu AI, Moonshot AI, and MiniMax are developing AI systems for content creation, attracting major...
The rise of the Chinese AI unicorns doing battle with OpenAI
3.5.2024
Artificial intelligence startups aim to fill the gap in China as OpenAI’s ChatGPT became unavailable in the country
Chinese police capture StarkNet airdrop identity forger: Report
1.5.2024
The suspect has claimed over 40,000 STRK coins that belonged to victims, before converting them to over $90,000 USDT
Chinese police capture StarkNet airdrop identity forger: Report
1.5.2024
The suspect has claimed over 40,000 STRK tokens that belonged to victims before converting them to over 90,000 USDT
China AMC’s Bitcoin ETF to Open Door for Chinese RMB Investors
1.5.2024
As the first of its kind, the spot Ethereum and Bitcoin ETFs by China AMC offer a new investment pathway for Chinese RMB holders and potential mainland investors.
The post China AMC’s Bitcoin ETF to Open Door for Chinese RMB Investors appeared first on Cryptonews
Hong Kong ETFs opens the ‘door’ to Chinese RMB holders, issuers say
30.4.2024
Fund issuers and industry experts hope Hong Kong’s new crypto ETFs will open the doors for mainland Chinese investment in the future
Top Chinese Law Firm Analyzes Digital Yuan AML Challenges
29.4.2024
JunHe Law Firm Partner Chen Xin issues report to explore anti-money laundering challenges, opportunities and solutions in China's CBDC digital yuan deployment and regulation.
The post Top Chinese Law Firm Analyzes Digital Yuan AML Challenges appeared first on Cryptonews
Chinese 'Crypto Dad' faces government investigation
26.4.2024
Yao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations
Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining
22.4.2024
The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of virtual currency schemes that exploit users’ aspirations...
Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to Endure
20.4.2024
The U.S. dollar is likely to remain the world’s dominant reserve currency due to the absence of credible challengers. Morgan Stanley suggests that the Chinese yuan, often considered a potential rival to the U.S. dollar, currently falls short and is unlikely to dethrone the greenback. Reserve...
Hong Kong Bitcoin ETFs Likely Not Available for Mainland Chinese Investors: Bloomberg
17.4.2024
Investors in mainland China won’t likely be allowed to buy into the newly approved Hong Kong-listed spot bitcoin ETFs, analysts at Bloomberg Intelligence reported, weakening excitement over the funds even further
Chinese Fraud Victims Seek Government Aid in Recovering 61,000 BTC Seized by UK Law Enforcement
14.4.2024
A group of Chinese victims of a $6 billion fraud scheme have requested assistance from their country’s foreign ministry in recovering 61,000 bitcoins, seized from a fraudster and her associate. The fraud victims have strongly opposed attempts to transfer the ownership of these bitcoins to the U.K....
Filecoin Staking Protocol Core Team Detained by Chinese Police; $22 Million in FIL Tokens Sent to Unknown Address
10.4.2024
STFIL, the Filecoin liquid staking protocol, believes its core technical team is being investigated by the Chinese police. The STFIL team said it also recently detected abnormal and unscheduled upgrades to the protocol. During the core technical team’s detention, FIL tokens worth over...
STFIL Raises Concerns Over Token Movements and Protocol Upgrades Amidst Chinese Police Investigation
9.4.2024
According to reports, the investigation has been intensified following the mysterious movement of FIL tokens housed within the STFIL platform to an external address.
The post STFIL Raises Concerns Over Token Movements and Protocol Upgrades Amidst Chinese Police Investigation appeared first...
Filecoin Liquid Staking Platform STFIL Claims Team Members Under Investigation by Chinese Police
9.4.2024
Tokens on the platform were moved to an "unknown, external address" last week while its team members were under detention