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Gold Smugglers in Nepal Caught Exchanging 33kg of Gold for Tether USDT Stablecoin
23.11.2023
Source: AdobeStock / Krakenimages.com An international, organized criminal network has been busted for gold smuggling and using the tether (USDT) stablecoin in its $16 million-worth illegal operations. According to the local media report by The Rising Nepal, the group managed to smuggle 33 kg...
China Debuts Solar Power Industry Digital Yuan Smart Contracts
23.11.2023
Source: jeson/Adobe A Chinese power provider says it has completed the first digital yuan smart contract transaction in the solar power industry. Per the Yangtse Evening Post (via Sohu), the State Grid Suzhou Power Supply Company struck the CBDC contract with the materials and textiles firm Suzhou...
Chinese Police Warn of Rise in CBDC-themed Money Laundering Schemes
22.11.2023
Source: EduardSkorov/Adobe Chinese police say there has been an increase in CBDC-themed money laundering schemes as the digital yuan rollout continues. Per the Dushichen Newspaper Agency (va JSChina), officers in Suining, Sichuan Province, stepped in to thwart a scammer. Detectives explained that...
Cambodia’s Bakong Digital Currency Teams Up with Alipay for Expanded Reach
21.11.2023
Source: Adobe / anekoho In a move to enhance cross-border payments, Cambodia’s Bakong digital currency system, a component of the National Bank of Cambodia (NBC), has entered into a memorandum of understanding (MoU) with Chinese payment provider Alipay, Cambodia’s Phnom Penh Post recently...
Can blockchain supply the guardrails to keep AI on course?
21.11.2023
Some believe that hybrid blockchains with both private and public aspects can solve AI’s black-box problem
Tencent, Huawei Make Bold Moves in Web3 Amid China’s Crypto Constraints
21.11.2023
Source: LT/Adobe Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading. At the Staking Summit in Istanbul, a two-day conference featuring top minds in proof-of-stake (PoS)...
Chinese Police Bust $140 Million Crypto Money Laundering Ring
21.11.2023
Source: Pexels China’s law enforcement agency in Wuhan arrested 27 individuals involved in a sophisticated crypto money laundering and crime operation involving 1 billion yuan, approximately $140 million. The arrests were made in provinces and cities such as Deyang in Sichuan, Changchun in Jilin...
Cambodian digital currency bakong amps up use case with Alipay agreement
20.11.2023
The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope
China Asset Management Signs MoU with Hashkey Exchange to Promote Web3 in Hong Kong
20.11.2023
Source: LT/Adobe China Asset Management’s Hong Kong branch has entered into a memorandum of understanding with Hashkey exchange and HamsaTech Hong Kong. The collaboration aims to jointly foster and develop Web 3.0 initiatives within the asset management sector in Hong Kong. Hong Kong Looks...
People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong
18.11.2023
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and the ability to use the Fast Payment System to...
Today in Crypto: Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments
17.11.2023
Source: AdobeStock / William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Mining news We may be witnessing the start of a Sino-US bitcoin silicon war, according to the latest Miner...
Futu Holdings Subsidiary PantherTrade Seeks Crypto Trading Platform License in Hong Kong
17.11.2023
Source: Pixabay So far six companies, including Panthertrade (Hong Kong) Limited, a subsidiary of Futu Holdings (US: FUTU),have filed for a virtual asset trading platform license in Hong Kong. PantherTrade recently submitted its application, unveiling plans for a platform named...
No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express
17.11.2023
Chinese court knocks back civil lawsuit over “illegal” crypto, Hong Kong exchanges gain momentum, The Block gets $60M from Singapore firm
Xi Jinping Vows No Hegemony in China’s Approach to US, Aiming for Stable Ties
16.11.2023
On Wednesday, Chinese President Xi Jinping delivered a speech emphasizing China’s aspiration for harmonious ties with the United States. The Chinese head of state conveyed his vision of an enhanced “friendship in the new era” between the two influential countries. He firmly...
Blockdaemon among founders of BSN Spartan Network governing body
16.11.2023
The BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional cryptocurrencies like Bitcoin
Dairy Queen opens NFT pop-up store in China
15.11.2023
The pop-up nonfungible token store, co-sponsored by Weirdo Ghost Gang, will run until the end of the year
First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded
13.11.2023
Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
13.11.2023
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries
Chinese Hackers Turn to Skype Video App In Latest Scam Targeting Crypto Users: SlowMist
13.11.2023
Source: Adobe Crypto security analytics firm SlowMist has uncovered a new phishing scam in China that uses a fake Skype video app to target crypto users. New SlowMist Investigation Report: Fake Skype App Phishing Analysis Our latest report exposes how a fake Skype app led to the theft of stolen...
48 Countries Join Forces to Combat Crypto Tax Evasion Starting in 2027
13.11.2023
Source: AdobeStock / Nuthawut Forty-eight countries across six continents have committed to a new tax transparency standard starting in 2027 to fight crypto-related tax evasion. Countries – including Ireland, Austria, France, Germany, Italy, Croatia, Japan, South Korea, the US, and Canada...