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China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
16.5.2022
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article,...
Shanghai court affirms that Bitcoin is virtual property, subject to property rights
12.5.2022
A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process
Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law
12.5.2022
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as...
Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools
11.5.2022
Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with “smart management” tools that can detect when funds have been left idle for long periods of time....
Read More: Chinese Banks Launch Automatic Digital...
Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly
10.5.2022
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30 days,...
Deribit and OKX attract significant traffic from China despite a blanket ban: report
9.5.2022
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk
Kids 'Tipping' Streamers & Watching After 10pm Is Being Banned In China
9.5.2022
On Saturday the Chinese government announced a number of changes to the way kids can access and interact with content online, with the National Radio and Television Administration saying “platforms need to step up controls to stop underage users from tipping livestreamers or becoming livestreamers...
Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow
7.5.2022
The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone....
Read More: Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow
Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June
6.5.2022
While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point...
SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News
6.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News
Bitcoin Sell-Off Continues as Asian Markets Fall Amid Weak China Cues
6.5.2022
Bitcoin continues losses as major markets around Asia end the week
Crypto Mining Rig Maker Canaan Added to SEC List of Scrutinized China Companies
5.5.2022
The firm has until May 25 to dispute its inclusion on the list, which could eventually see it delist from the Nasdaq
First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices
5.5.2022
Investors may have been focusing on interest rate hikes and the economic fall out of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds: cryptos rise post rate hike
Hundreds of NFTs listed on OpenSea from Shanghai residents during COVID lockdown
4.5.2022
In response to the city’s COVID-19-related lockdown, Shanghai residents turned to the blockchain to preserve their experiences
Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024
3.5.2022
According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of...
Bitcoin retreats toward $38K after Friday sparks losses for 'nearly everything' outside China
30.4.2022
Chinese equities were the rare winners as the May holidays arrived with a whimper for most traders
2 key metrics point toward further downside for the entire crypto market
30.4.2022
Futures data and decreased demand for Tether signal that the crypto market is set for another round of pain
Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital Currency
29.4.2022
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required. Digital Yuan Pilot Continues China’s central bank,...
Residents of 3 Chinese cities paying taxes and charges with digital yuan
29.4.2022
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security
Digital Yuan Now Being Used to Pay Taxes in Chinese Pilot Zones
29.4.2022
Some Chinese citizens now appear to be paying their taxes in the digital yuan, with the pilot gathering pace in the nation’s fast-growing pilot area.
Per Hangzhou.com, a number of government organs in Zhejiang province are trialing solutions that involve “the online transfer of digital yuan”...