Bitcoin gains legal recognition as digital currency in Shanghai, China

A similar report from another Chinese court in September recognized cryptocurrencies as virtual properties protected by law.

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Китай построит завод по производству чипов искусственного интеллекта в обход санкций США

Китайские ученые рассматривают возможность строительства крупного завода для самостоятельного производства полупроводниковых чипов искусственного интеллекта. Об этом сообщает South China Morning Post (SCMP). дальше »

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Bitcoin’s Historical Resilience In The Face Of China’s Repeated Regulatory Measures

China has banned Bitcoin multiple times, but Bitcoin has always managed to bounce back. The first ban was in 2013, when the People’s Bank of China (PBOC) issued a notice prohibiting financial institutions from using or trading Bitcoin. дальше »

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СМИ: Интерпол занялся поиском пропавших с биржи JPEX $179 млн

По данным азиатского издания South China Morning Post, полиция Гонконга обратилась в Интерпол с запросом о помощи по поиску пропавших с биржи JPEX активов на сумму $179 млн. дальше »

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China’s Trademark Office Approves NFT and Virtual Assets Marks

China's Trademark Office approves marks for NFTs and metaverse assets, bolstering the virtual economy's legal framework and protecting stakeholders. The post China’s Trademark Office Approves NFT and Virtual Assets Marks appeared first on NFT News Today. дальше »

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China suffers worst capital flight in years, but could it pump Bitcoin?

China’s capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto. дальше »

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Crypto Pioneer Arthur Hayes Suggests Massive Chinese Capital Outflows Bode Well For Bitcoin

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Shibarium Achieves New High, Ripple CEO Takes Photo Outside SEC Building, Arthur Hayes Hints at China Possibly Putting Billions into Bitcoin: Crypto News Digest by U.Today

U.Today's daily news digest keeps you informed of the most important updates in the crypto industry дальше »

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BlackRock’s About-Face on China: Too Little, Too Late?

BlackRock has altered its stance on China in the wake of instability in that nation's property market. The post BlackRock’s About-Face on China: Too Little, Too Late? appeared first on BeInCrypto. дальше »

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China to Put Billions in Bitcoin? Arthur Hayes Shares Epic New Outlook

Arthur Hayes breaks down whether China will pour hundreds of billions of dollars into Bitcoin дальше »

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Hong Kong will potentially launch stablecoin regulations by mid-2024

Hong Kong is aiming to finalize stablecoin regulations by mid-2024, highlighting the territory’s contrasting approach to mainland China.  Legislative Council member Duncan Chiu has signaled that Hong Kong is on track to finalize its stablecoin regulations by mid-2024. The announcement… дальше »

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China to establish regulatory standards for metaverse

Beijing is seeking a way to put regulatory burden on the yet-to-be-developed next internet iteration. China is set to form a working group to develop standards for the metaverse as the country sees a big future for the technology. According… дальше »

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Here’s why conservatives are opposing a digital dollar CBDC

Central banks from around the world have been working to create digital versions of their currencies. In China, the People’s Republic of China (PBoC) started testing its digital yuan in 2021. дальше »

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Hong Kong social media star arrested for promoting controversial JPEX crypto platform

Hong Kong police officers have arrested crypto influencer Joseph Lam Chok for promoting the JPEX crypto platform, South China Morning Post reported on Sept. 18. Per the report, the police questioned the social media celebrity, and his company at the  Entertainment building in Central was raided. дальше »

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Hong Kong police received over 80 complaints against JPEX crypto exchange

JPEX crypto exchange has been named in at least 83 complaints to the Hong Kong police as of Friday, the South China Morning Post reported on Sept. 16. The complaints involve cryptocurrencies worth $4. дальше »

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Baidu and Qualcomm Join Forces to Shape Metaverse Future

Coinspeaker Baidu and Qualcomm Join Forces to Shape Metaverse Future Qualcomm Global Senior Vice President Cheng Lixin expressed optimism about the partnership, emphasizing its potential to accelerate the development of China's metaverse. дальше »

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Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?

A Bloomberg analyst reported the percentage of energy used for Bitcoin mining coming from renewable sources had exceeded 50% due in part to miners fleeing China’s ban. дальше »

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Vitalik Buterin’s Concerns Over Hong Kong’s Crypto Position Explained

Ethereum founder, Vitalik Buterin, raises concerns about Hong Kong's recent friendly crypto policies, suggesting projects need assurance of sustained amicability amidst mainland China's overarching crypto regulations. дальше »

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Bitcoin’s Carbon Footprint ‘Overstated,’ Says Bloomberg Analyst

New data from Bloomberg suggests Bitcoin mining's contribution to carbon emissions has fallen by 38% since China banned the activity. The post Bitcoin’s Carbon Footprint ‘Overstated,’ Says Bloomberg Analyst appeared first on BeInCrypto. дальше »

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Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China

The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems.

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China’s economic shift and its implications for crypto

The post China’s economic shift and its implications for crypto appeared first on CryptoSlate.

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Alibaba’s Ant Group unveils blockchain development brand

Ant Group Digital Technologies, linked to China’s Alibaba Group, has unveiled ZAN, a brand dedicated to providing blockchain development tools. Ant Group Digital Technologies, an affiliate company of the Chinese conglomerate Alibaba Group, recently announced the launch of ZAN. The… дальше »

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Tencent’s AI leviathan, $83M scam busted, China’s influencer ban: Asia Express

Tencent builds the largest AI LLM model ever, South Korean authorities bust $83M crypto scam.

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Crypto Silence On Weibo: China’s Influencers Face Censorship

Popular crypto influencers in China are facing a harsh reality as Beijing-based social media giant Weibo recently purged 80 of its most prominent crypto influencers. This move comes as China maintains its strict crackdown on cryptocurrency activities within its borders. дальше »

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Tencent unveils ChatGPT rival in China amid continuing US AI chip ban

Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China. дальше »

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BlackRock Controversy Grows With Conflicting Accounts of China Stance

BlackRock denies it is pulling out of China following the closure of its China Flexible Equity Fund. The post BlackRock Controversy Grows With Conflicting Accounts of China Stance appeared first on BeInCrypto. дальше »

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China's Top Crypto Influencers Banned on Weibo

China's leading social media platform, Weibo, banned 80 high-profile crypto influencers дальше »

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Китайская социальная сеть Weibo удалила 80 аккаунтов популярных криптоинфлюэнсеров

Как сообщает издание South China Morning Post, со ссылкой на официальное заявление Sina Weibo Finance, китайская социальная сеть удалила 80 популярных аккаунтов рекламирующих криптовалютные услуги для граждан Китая. дальше »

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BlackRock Pulls Back From China Under Intense Pressure

BlackRock makes the decision to wind up its China Flexible Equity fund as of November 7, 2023. The post BlackRock Pulls Back From China Under Intense Pressure appeared first on BeInCrypto. дальше »

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Baidu CEO Robin Li says more than 70 AI models already released in China

The CEO of Chinese tech-giant Baidu said that, since China’s new AI regulations have been in place, over 70 AI models have been released in China with over 1 billion parameters. дальше »

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Tether Opts for US Treasury Bills to Back Stablecoin USDT

Tether strategically accumulates $72. 5 billion in US Treasury bills, securing a top position globally. Amid China's accelerated sell-off of U. S. debt, Tether's stablecoin, USDT, offers an inflation hedge in emerging markets. дальше »

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Chinese MATIC, Conflux (CFX) to Undergo Hard Fork Upgrade

China's MATIC Conflux (CFX) set for game-changing hard fork upgrade дальше »

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Chinese central bank exec aims for digital yuan retail expansion

Changchun Mu, an executive from the People’s Bank of China (PBOC), stated that the digital yuan needs to be available in retail scenarios. According to the local source Paper, Mu explained at a trade forum in Beijing that the central… дальше »

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Bank of China: Platforms must provide digital yuan retail payment option

In the short term, e-commerce platforms can integrate the CBDC through QR codes.

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China’s Cryptocurrency Verdict: Legal Property Or Trouble Ahead?

Cryptocurrency has long been a contentious subject in China, with the government imposing strict regulations and outright bans on various aspects of the industry. However, a recent report from China’s People’s Court challenges this historical stance, offering newfound recognition to virtual assets as legal property. дальше »

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China's courts recognize virtual assets as legal property

The report affirms that existing Chinese law legally recognizes virtual assets as property. This recognition is particularly noteworthy considering China's prior stance on foreign digital assetThe post China's courts recognize virtual assets as legal property appeared first on AMBCrypto. дальше »

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China’s Rulers Give Mixed Signals on Crypto’s Legal Status

Cryptocurrency is now legal property under Chinese law, at least in theory. But a crackdown on crypto entrepreneurs continued unabated. The post China’s Rulers Give Mixed Signals on Crypto’s Legal Status appeared first on BeInCrypto. дальше »

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China’s Court Says Crypto, Digital Assets are Legally Protected

A recent report from China identifies digital assets, including crypto, as legal properties within the country's legal framework. дальше »

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China court declares virtual assets legal properties protected by law: Report

Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights. дальше »

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China’s Baidu and other tech companies release ChatGPT-like AI chatbots

Multiple Chinese tech companies launched their own ChatGPT-like AI chatbots for mass market use two weeks after China’s AI regulations came into force, which requires prior government approval. дальше »

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X secures Rhode Island currency transmitter license, paving way to crypto services

X, formerly known as Twitter, has edged closer to its goal of integrating cryptocurrencies into its services by securing a currency transmitter license in Rhode Island. This development signifies a critical step towards X’s envisioned transformation into a comprehensive “everything app,” akin to China’s WeChat. дальше »

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VC Spectra (SPCT) Continues Bull Run as SOL, BTC Drop

While the cryptocurrency market experiences mixed movements, VC Spectra (SPCT) stands out as a symbol of consistency and strength with its ongoing bull run. In contrast, Bitcoin (BTC) has encountered drops in its value as China Evergrande filed for bankruptcy. дальше »

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China combats struggling financial markets with tax cuts

Quick Take In a determined bid to reanimate its ailing financial markets, China has slashed stock trading taxes by half, as reported by market analyst Ayesha Tariq. Alongside this, the government has directed state-owned banks and funds to invest in stocks, adding a new layer of complexity to the nation’s economic landscape. дальше »

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Hong Kong’s bond tokenization efforts yield ‘significant operational improvements’

The Hong Kong Monetary Authority (HKMA) said that blockchain-based bonds have showcased the potential for “significant operational improvements” in the bonds market, the South China Morning Post reported. дальше »

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Crypto Biz: Coinbase-Circle realignment, Binance fiat hurdles and USDC on Shopify

This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify’s take on USDC and China’s blockchain data exchange. дальше »

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Crypto Biz: Coinbase-Circle re-alignment, Binance fiat hurdles, and USDC at Shopify

This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange. дальше »

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SEC Fines 3M Company for Alleged FCPA Violations in China

SEC accuses 3M of corruption in China.

The post SEC Fines 3M Company for Alleged FCPA Violations in China appeared first on BeInCrypto.

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Chinese Filecoin Mining Firm Faces $83.3 Million Controversy; Traders Predict a Meteoric Rise for Ethereum (ETH) And InQubeta (QUBE)

Shenzhen Shikongyun Technology, a prominent Filecoin (FIL) mining company in China, is facing serious allegations of gross misconduct and misdeeds brought forward by users. This distressing situation has prompted a comprehensive investigation into the operations of Filecoin. дальше »

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China’s real estate wealth meets financial storm while Western markets see mortgage rate spike

Quick Take As one of the largest global wealth sources, the real estate sector continues to demonstrate tremendous growth. According to Statista, it’s projected to hit a whopping $613 trillion in 2023 and potentially reach $700 trillion by 2027. дальше »

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Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

Retail crypto trading is only days away in Hong Kong, but a mainland crackdown sees bounties offered for crypto firms and miners imprisoned. дальше »

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