New Tether FUD? World’s Largest Stablecoin Held Chinese Securities in Reserves

In what was already a turbulent week for Tether, new documents from the New York Attorney General's office suggest that the issuer held Chinese securities in its reserves. The post New Tether FUD? World’s Largest Stablecoin Held Chinese Securities in Reserves appeared first on BeInCrypto.

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Yuan stablecoin team arrested, WeChat’s new Bitcoin prices, HK crypto rules: Asia Express

Chinese RMB stablecoin issuer’s Shanghai office reportedly deserted after police raid, and WeChat offers Bitcoin prices — but for how long?

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First Mover Asia: Bitcoin Rises Past $28K on Debt Ceiling Deal

ALSO: A Chinese governmental agency released a paper over the weekend that outlined suggestions for China's Web3 policy, but it didn't broach must new ground. Still, the paper represented progress for a country that is keen to write the next generation of technology standards.

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Bitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet

The Chinese rig maker's new model can deliver a wooping 320 TH/s.

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Hong Kong’s Crypto Boom: ‘Chinese’ Coins Poised for Explosive Growth with Friendly Regulatory Landscape

Exciting times lie ahead for the cryptocurrency market in Hong Kong as the Securities and Futures Commission (SFC) gears up to introduce a new regulatory framework for virtual asset service providers (VASPs) on June 1, 2023.

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China to train 500k web3 professionals through its new blockchain research center

The Chinese government aims to train at least 500,000 new web3 talents via its newly launched national blockchain research center. The government is also looking to develop a nationwide blockchain network connecting existing ones in the region. While bitcoin (BTC)…

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Chinese Government Shows Support for Blockchain Amid Crypto Ban

Despite outlawing crypto trading, the Chinese government continues to back blockchain and recently launched a new research initiative. The post Chinese Government Shows Support for Blockchain Amid Crypto Ban appeared first on BeInCrypto.

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Huawei Replaces US-Sanctioned Software System with New In-House Service

Coinspeaker Huawei Replaces US-Sanctioned Software System with New In-House Service Chinese tech giant Huawei announced the replacement of its software system as a victory over US sanctions.

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Injective secures strategic partnership with Chinese tech giant, but...

INJ demonstrates relative strength despite the resurgence of bearish expectations. Injective secures a new cloud computing partnership with Tencent. Injective’s native cryptocurrency INJ iThe post Injective secures strategic partnership with Chinese tech giant, but... appeared first on AMBCrypto.

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Chinese Regulators Publish Guidelines for Development of ChatGPT-Like AI Products

Coinspeaker Chinese Regulators Publish Guidelines for Development of ChatGPT-Like AI Products Just like blockchain technology, the emergence of AI is relatively new and the laws governing such innovations are notably limited.

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Chinese authorities to enforce security reviews for AI services

China intends to introduce a new security review mandate for all generative AI services before operation as new chatbots like ChatGPT continue to surface.

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Sam Bankman-Fried Faces New Charge For Bribing Chinese Officials With $40 Million

FTX co-founder and former CEO, Sam Bankman-Fried, is facing yet another criminal charge, this time for allegedly bribing Chinese government officials with $40 million worth of cryptocurrency.  According to federal prosecutors, this marks the 13th charge against Sam Bankman-Fried in a case that continues to draw attention from the cryptocurrency and financial industries. On Tuesday, […]

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Federal Prosecutors Charge Sam Bankman-Fried With Attempt To Bribe Chinese Officials With $40 Million

In a new indictment unsealed on Tuesday, officials charged Sam-Bankman Fried with bribing Chinese officials to release frozen assets.

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FTX Co-Founder Sam Bankman-Fried Charged With Bribery Of Chinese Officials

According to a Reuters report, new charges have been unveiled against Sam Bankman-Fried, the co-founder of the now-bankrupt FTX exchange. Bankman-Fried, who founded one of the largest cryptocurrency exchanges in the world, has been accused of bribing Chinese officials.

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Sam Bankman-Fried charged with bribing Chinese officials: Court docs

The former FTX CEO is in hot waters once again, as he is facing a new 13-count indictment from authorities in the United States.

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Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery Charge

A superseeding indictment was unveiled on Wednesday.

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Alibaba to Open Blockchain Lab to Boost Business in Japan

Chinese tech giant Alibaba will open a blockchain laboratory in Japan next month in an effort to push Web3 adoption in the country.   The lab will be a collaboration between Tokyu Land Corporation and Skeleton Crew Studio and will enable game developers to learn about new blockchain technology and explore business opportunities.

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Chinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam

Exiled Chinese businessman Guo Wengui was arrested in New York on Wednesday morning and charged with fraud for allegedly orchestrating a series of fraudulent schemes that bilked retail investors out of a collective $1.4 billion.

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What Impact Will China’s New Finance Regulator Have on Crypto in Hong Kong?

Chinese government introduces new body to bring sweeping reform to financial regulation, with implications for the crypto industry. The post What Impact Will China’s New Finance Regulator Have on Crypto in Hong Kong? appeared first on BeInCrypto.

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HKD.com, Hong Kong’s Most Iconic Crypto Exchange to Kickstart License Application

Hong Kong’s iconic cryptocurrency exchange HKD. com is moves towards kickstarting their license acquisition in the Chinese Special Administrative Region as new licensing and regulatory framework tilts towards retail customers acceptance.

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Tencent Cloud Announces New Web3 Initiatives

Could China’s sentiment around crypto be a turning tide? A move from Tencent Cloud this week could certainly suggest so. An unexpected investment in web3-related tools will hit the market from Tencent Cloud’s team, positioning the Chinese tech firm alongside the ranks of other global tech firms to make recent strides in web3, such as […]

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Tencent Cloud signs multiple collaboration agreements with blockchain firms

The Chinese internet giant is launching new Web 3.0 solutions including a Metaverse-in-a-Box product and blockchain API services.

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Chinese Coins Give Double-Digit Gains as Central Bank Injects Liquidity Into Market

The speculations on China leading the new bull run surged the Chinese cryptocurrencies to double-digit gains today. The post Chinese Coins Give Double-Digit Gains as Central Bank Injects Liquidity Into Market appeared first on BeInCrypto.

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Chinese Coins Narrative Gains Steam: Check Out These Altcoins

Activity of Ponzis, regulatory easing or new phase of QE? Crypto Twitter getting ready for 'Chinese Pumps'

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Tencent Teams Up With MultiversX to Expand Web3 Strategy

The Chinese technology company behind the popular messaging app WeChat will utilize the MultiversX network infrastructure to build new products in the Web3 and metaverse spaces.

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Moutai Launches New Limited Edition NFTs

One of the world’s biggest spirits brands is leveraging NFTs to tokenise limited edition bottles of liquor. Moutai is launching its own NFT collection. Indeed, the icon of Chinese liquor culture is minting 113,960 Lichun-themed NFTs, which are each tied to a physical bottle of liquor.

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China’s 180M digital yuan airdrop, Devastation in Turkey, Laos’ CBDC: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year  According to state-owned media Global Times, Chinese cities airdropped a total of 180 million digital yuan (e-CNY) worth $26.

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'Chinese MATIC' Conflux (CFX) up 18% as Burning Proposal Is Unveiled

Conflux network token soars at double-digit rate as new burn feature is proposed

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China Distributes CBDC during Lunar New Year Holidays to Enhance Adoption

Coinspeaker China Distributes CBDC during Lunar New Year Holidays to Enhance Adoption Apart from the Lunar New Year activities, the Chinese government has been taking steps to improve the use of its CBDC.

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TRON praises Chinese cryptocurrency tax guidelines

Amid the announcement of new Crypto regulations by China, Tron took to twitter to express support for the move. This proves a move by Tron to tap into China's crypto markets.

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China Unveils Ripple’s Competitor for Stablecoins and CBDC Payments

A Chinese firm is developing a new payment system interoperable with stablecoins and CBDCs -  that acts as a link for central banks to transfer and swap regulated digital currencies - recently unveiled at the World Economic Forum in Davos, Switzerland.

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Matrixport data shows bitcoin price up by 9% over CNY

Matrixport’s new research report shows the price of bitcoin (BTC) has gained over 9% on average during every Chinese new year (CNY) since 2015.

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Chinese Cross-Border Payments System for Stablecoins and CBDCs Unveiled at Davos

A new crypto payments ecosystem for stablecoins called Universal Digital Payments Network (UDPN) has debuted at Davos. The post Chinese Cross-Border Payments System for Stablecoins and CBDCs Unveiled at Davos appeared first on BeInCrypto.

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Why Volatility Could Strike the Crypto Market Ahead of Chinese New Year

Volatility could reign supreme in the crypto market in the week after the Chinese New Year. The post Why Volatility Could Strike the Crypto Market Ahead of Chinese New Year appeared first on BeInCrypto.

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Bitcoin, Ether Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced In

The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays.

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Bitcoin, Ether Hold Steady After Genesis' Bankruptcy; Crypto Traders Say Bad News Was Priced In

The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays.

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Activision Blizzard Announced NetEase Rejected Proposal to Extend Partnership

Coinspeaker Activision Blizzard Announced NetEase Rejected Proposal to Extend Partnership US gaming developer Activision Blizzard is looking for a new Chinese partnership after NetEase turned down its latest proposal.

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TrueUSD unveils yuan-backed stablecoin on Tron

TrueUSD has launched its new stablecoin TCNH, backed by Chinese yuan and issued on the Tron (TRX) network. The move comes days after Tether launched its yuan-pegged token CNHT. TrueUSD, the issuer of the dollar-backed TUSD stablecoin, has announced the…

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TrueUSD Launches TCNH, a TRON-Based Stablecoin Pegged to Offshore Chinese Yuan

San Francisco, United States, 15th December, 2022, Chainwire We are thrilled to announce that the TrueUSD team is launching a new product called TCNH, which is a stablecoin pegged to Offshore Chinese Yuan (CNH) at 1:1.

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TrueUSD Launches TCNH, a TRON-Based Stablecoin Pegged to Offshore Chinese Yuan

San Francisco, United States, 15th December, 2022, Chainwire We are thrilled to announce that the TrueUSD team is launching a new product called TCNH, which is a stablecoin pegged to Offshore Chinese Yuan (CNH) at 1:1.

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Chinese Yuan Stablecoin Launches on Tron: Why Is This Crucial?

New stablecoin by TrueUSD unlocks massive opportunities for long-term holders and traders. Should we be prepared for more Yuan-pegged stablecoins?

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Tether launches yuan-pegged stablecoin on Tron

Tether announced the integration of its Chinese yuan stablecoin (CNHT) to the Tron blockchain. Bitfinex will be the first exchange to support deposits and withdrawals in the new stablecoin. Tether initially launched its offshore Chinese Yuan stablecoin (CNHT) on Ethereum…

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Chinese Intelligence Officers Charged in the U.S. for Bribery and Theft

A criminal complaint has been opened in the US Federal court, in Brooklyn. Charged were two Chinese intelligence officers for their attempt to disrupt a prosecution in New York’s Eastern District.

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Chinese University Launches One of the First Metaverse Majors in Country

Nanjing University in China has reportedly launched one of the country’s first majors focusing on metaverse-related knowledge. The university, which is located in eastern China, indicated that this new drive is intended to impart new metaverse-related courses that will enable…

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China GPU prices drop to new lows after the Ethereum Merge

The Nvidia GeForce RTX 3080’s price dropped from $1118, or 8,000 yuan, to 5,000 yuan within three months, according to a Chinese merchant.

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China Back Among Top 10 Countries In Bitcoin Usage Despite Ban

A new Chainalysis report shows last year’s ban hasn’t prevented the Chinese from using bitcoin as the country returns to the global adoption rank’s top 10.

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Bitcoin Mining Rigs Could Heat Vancouver Homes Next Year. Take That, ESG FUD

The city of Vancouver could soon take a step into the future. As New York is about to take the Chinese route and cut itself from yet another industry, Vancouver considers “using an unconventional method: harnessing the heat emitted from” bitcoin mining.

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The Dawn of a New Era

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Mexo lists CNHC: An offshore RMB stablecoin

CNHC, a stablecoin pegged to the Offshore Chinese Yuan, has officially been launched on Mexo.  A milestone in international trade history International traders can now access a new channel to cThe post Mexo lists CNHC: An offshore RMB stablecoin appeared first on AMBCrypto.

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