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SEC takes action against Chinese billionaire's companies over $500M offerings
14.9.2021
The SEC has taken action against three companies owned by Chinese Billionaire Guo Wengui for commingling the proceeds from two unregistered securities offerings
Chinese Communist Party warn of NFT hype bubble
10.9.2021
The local news publication, acting as the party's spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops
Chinese Gaming Giants Lose Eight Bethesdas In Value Amid Government Crackdown
9.9.2021
Bloomberg reports that the value of China’s largest gaming companies, Tencent and NetEase, plummeted dramatically during an overnight stock selloff, resulting in losses totaling more than $60 billion between the two. To put that in perspective, that’s about eight times what Microsoft spent...
Twitch Streamer Under Fire By Genshin Impact Fans Over Anti-Chinese Tirade
9.9.2021
A Genshin Impact streamer recently drew public criticism after using anti-Chinese language against an ethnically Korean streamer in a disagreement about gameplay.Read more
Australian Dollar Seems Unfazed After Chinese Inflation
9.9.2021
Post Chinese inflation, the Australian Dollar did not witness any changes against the US Dollar, and factory gate prices for August were released. Chinese economic data significantly influences the Australian dollar due to Australia’s vast amount of commerce with China. Last month...
Chinese Banks Bolster Digital Yuan Resources Prior to CBDC Debut
4.9.2021
Major Chinese banks are beefing up their digital yuan capacities ahead of the imminent launch of the nation’s central bank digital currency (CBDC).
Per the Securities Daily (via East Money), a number of the commercial banks that have already begun working with the central People’s Bank of China...
Hashrate Follows Price: Bitcoin Hashrate Jumps 92% in 2 Months, Difficulty Expected to Increase in 4 Days
3.9.2021
Bitcoin prices have improved a great deal in recent times and the network’s hashrate remains higher than it was 67 days ago when it tapped a low of 69 exahash on June 28. Today, statistics show Bitcoin’s hashrate has increased more than 92% since then and the network is due...
Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance
1.9.2021
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers...
Chinese Regulator Aims to Digitize Securities Market Using Blockchain and Smart Contracts
1.9.2021
China’s Securities Regulatory Commission (CSRC) will promote a national alliance chain to introduce smart contracts and blockchain-based services to digitize the securities and futures market. The announcement was made at the China Securities Industry Alliance Chain and OTC Alliance Chain...
Genesis Digital Assets Acquires 20,000 Bitcoin Mining Rigs From Canaan, Company Has Option to Buy 180K More
31.8.2021
The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for a large purchase order. Genesis will buy 20,000 bitcoin miners from Canaan and the mining operation also...
Chinese Banks Looking to Use Digital Yuan in Funds and Insurance Sector
31.8.2021
Some of China’s biggest commercial banks are looking to pilot digital yuan use cases for funds and insurance-related products – in a major move away from the core functions of the pilot thus far.
Since the central People’s Bank of China (PBoC) began its pilots, initiatives have focused on...
League Of Legends Makeover For Chinese Subway
31.8.2021
For the tenth anniversary of its Chinese server, League of Legends is dressing up the Hangzhou Metro in Hangzhou, Zhejiang province. Subway cars, for example, have been done up to look like different LoL regions. As League of Legends (via Twitter user lolweibo) announced through its official Weibo...
Final Fantasy XIV Themed Fried Chicken Goes On Sale In Japan
31.8.2021
Today, in Japan, convenience store chain Lawson launched Final Fantasy XIV chicken. What flavor is it? The Crystal of Light and Darkness, as the box states.Or, as noted in the parentheses, “Pepper and Tartar Sauce Flavor.” The light part must be the tartar sauce, while the dark park must be...
Chinese banks explore e-yuan for selling investment funds and insurance
31.8.2021
Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens
Chinese Kids Have Their Online Gaming Time Slashed By New Government Rules
31.8.2021
A new rule being introduced by the The National Press and Publication Administration (NPPA), China’s online watchdog, is looking to curb what the government feels is a growing “gaming addiction among young people”.Read more
Standard Chartered launches blockchain trade platorm with Chinese fintech
30.8.2021
The joint venture operating the new blockchain-powered platform will be headquartered in Singapore and led by SC Ventures' Amelia Ng as CEO
Facebook Eyes NFT Market, Warns of Chinese E-Pay Dominance
25.8.2021
Facebook could be set to take the plunge into the world of non-fungible tokens (NFTs) – and has also claimed that America is losing the “digital payments” race to China.
Facebook’s David Marcus, the head of the social media giant’s blockchain operations and the architect of its Diem stablecoin...
Chinese province to cut off Bitcoin miners from hydropower stations
23.8.2021
After the given deadline, Yingjiang County reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments within its jurisdiction
Chinese Court Says Crypto is ‘Not Protected By Law’
23.8.2021
In a landmark ruling that could shake China’s crypto scene, the Supreme Court of the Shandong province has ruled that cryptocurrency “was not protected by law” after deliberating on a case that involves a potential fraud related to the purchase of tokens, as reported by The South China Morning...
People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown
18.8.2021
The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According to Chinese media, the entities have been targeted in a crackdown on crypto trading in...