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

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A&T Capital loses major financial backer in retreat from crypto

Ant Group, the Chinese fintech giant, is reportedly set to divest its investment in A&T Capital, marking a significant retreat from a $100 million venture central to its crypto strategy. This announcement represents a step back from a $100 million… дальше »

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Chinese Fintech Winds Down Stake in Blockchain Fund After Probe

Chinese fintech Ant Group will divest $100 million from a blockchain-focused fund with investments in Matrixport and ConsenSys. The post Chinese Fintech Winds Down Stake in Blockchain Fund After Probe 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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Thai officials arrest five in connection with $76m crypto scam

Four Chinese nationals and a Lao citizen were arrested over their role in a cryptocurrency fraud that caused victims 2.7 billion Baht (approximately 76 million) worth of losses. дальше »

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Five accused of illicit $76M cryptocurrency scam captured in Thailand

In a massive cross-border operation, four Chinese nationals and a Lao citizen were apprehended over their alleged involvement in a multimillion cryptocurrency scam that left a trail of devastation and losses amounting to over 2. дальше »

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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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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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Dollar ascends to year high with crypto value test just around the corner

Quick Take The DXY Index, a measure of the value of the U.S. dollar relative to a basket of foreign currencies, has surged to an apex of 104.6, its loftiest level since March. This ascendancy exerts significant pressure on global currencies such as the Chinese Yuan (CNY), Japanese Yen (JPY), Euro (EUR), and British Pound […] The post Dollar ascends to year high with crypto value test just around the corner appeared first on CryptoSlate. дальше »

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BitBrowser Hacker Moves 236 ETH Of Stolen Funds With Crypto Mixer eXch

In a recent tweet, Chinese journalist Colin Wu provided an update regarding a significant crypto hack that took place in August.  The hack was alarming because it targeted a platform BitBrowser, frequently used by cryptocurrency enthusiasts who participate in airdrops. 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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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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Chinese court contradicts government’s stance on virtual currencies, declares them to be legal property

A Chinese court has reportedly ruled that virtual currency should not be immediately treated as illegal under the nation’s legal framework, in apparent contravention to prevailing CCP policy. дальше »

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Chinese Court Affirms Legality of Virtual Assets, Grants Legal Protection: Report

Сообщение Chinese Court Affirms Legality of Virtual Assets, Grants Legal Protection: Report появились сначала на Coinstelegram.

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Chinese Chatbots Get Beijing Approval

Chinese tech giants Baidu and ByteDance have launched their AI chatbots after receiving approval from the Chinese government, aiming to compete with US AI companies like Google and OpenAI. The post Chinese Chatbots Get Beijing Approval appeared first on BeInCrypto. 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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Chinese Players to Showcase Digital Yuan Solutions at 2023 Beijing Service Trade Fair

Local news outlet underlines that JD's partnership with ICBC will release a digital yuan programmable supply chain solution. It will be based on digital renminbi smart contracts. The post Chinese Players to Showcase Digital Yuan Solutions at 2023 Beijing Service Trade Fair appeared first on BeInCrypto. дальше »

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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 sentences former party official to life in prison for enabling crypto mining

The Hangzhou Intermediate People’s Court has found a former Chinese party official known as Xiao Yi guilty of abuse of power and bribery дальше »

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Multichain victims search for answers in $1.5B exploit as new evidence emerges

Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID. дальше »

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Chinese Party Official Receives Life Sentence for Supporting Bitcoin Mining Operations

Former Chinese party official, Xiao Yi, received a life sentence for bribery and abuse of power, including supporting Bitcoin mining operations, causing "heavy losses" to public property and national interests. дальше »

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Germany Proposes to Scrutinize AI Investments From China, Citing Risk to Economic Security

Germany's deputy chancellor, Robert Habeck, has proposed restrictions on Chinese investments in AI and semiconductor sectors over concerns about economic security. The post Germany Proposes to Scrutinize AI Investments From China, Citing Risk to Economic Security appeared first on BeInCrypto. дальше »

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Chinese official sentenced to life in prison for Bitcoin mining, corruption

Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise.

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Germany proposes screening Chinese investment in AI and related sectors: Report

The German government proposed tighter export controls on China for semiconductors and AI technology similar to measures from U.S. regulators. дальше »

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China introduces new ID metaverse proposal

The Chinese-based company, Telco, has proposed a new digital ID system for bringing China into the metaverse. Telco’s proposal aims to bring all Chinese citizens into the metaverse using their ID metaverse system. дальше »

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Prediction markets tokens rise as other tokens dip: Gnosis, Augur price outlook

Bitcoin has suffered its worst weekly percentage loss since the collapse of FTX. Some of the factors behind the dip include reports of SpaceX selling its BTC holdings and the Chinese property giant Evergrande bankruptcy filing. дальше »

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Crypto Market Forecast: Week of August 21st 2023

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin suffers its worst weekly percentage loss since the collapse of FTX. Influencing factors include rumors of Space X selling its BTC holdings and the bankruptcy filing of Chinese property giant Evergrande. дальше »

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Evergrande сrypto сrash: Chinese giant’s impact on digital markets

China’s Evergrande’s bankruptcy filing reverberates in the crypto markets, triggering significant drops in major digital assets and casting a shadow over Tether’s financial backing. дальше »

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Elaborate Crypto Fraud Scheme Unearthed in Thailand; Chinese National Arrested

The Chief of the Cyber Crime Investigation Bureau (CCIB), Pol Lt Gen Worawat Watnakhonbancha, told the paper that it was an elaborate scam. The post Elaborate Crypto Fraud Scheme Unearthed in Thailand; Chinese National Arrested appeared first on BeInCrypto. дальше »

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China Makes a Public Announcement on Cryptocurrency Stance, DigiToads Captures Institutional Investors’ Interest

Various holes appeared in the Chinese supposed crypto ban back in 2021. Failures in top crypto exchanges like FTX have poked holes in the decision taken by the Chinese government. The crypto exchanges highlighted a significant number of accounts from China, who still trade and own crypto assets as usual. The staggering number has prompted […] дальше »

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Sichuan Province to Bolster Chinese Economy With New Metaverse Initiative

Sichuan province announces its new metaverse plan to promote economic growth in the Yangtze River Delta region. The post Sichuan Province to Bolster Chinese Economy With New Metaverse Initiative appeared first on BeInCrypto. дальше »

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Singapore police seize $735m in money laundering crackdown

Singapore authorities arrested ten foreigners in a major money laundering bust, confiscating assets worth roughly $735 million. On Aug. 16, Singaporean police arrested ten foreign nationals with Chinese passports, accused of laundering approximately S$1 billion ($735 million) in Singapore. During… дальше »

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Chinese Authorities Uncover Massive $83 Million Filecoin Pyramid Scheme

China is known for its clampdown on crypto-related activities in the country, and a recent development involving a Filecoin pyramid scheme could see the authorities move to intensify their efforts against the industry. дальше »

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China’s new AI regulations begin to take effect

The Chinese government has loosened the original guidelines for AI it released in April and scheduled them to take effect starting Aug. 15. дальше »

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Chinese man sentenced to 9 months in prison for buying $13K in USDT

China has harshly enforced its crypto ban since the start of the year, cracking down on individuals and projects alike.

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Chinese Authorities Intensify Efforts to Counter Web3 Fraud

Chinese authorities intensify efforts against Web3 fraud & data theft, tackling emerging technologies & deepfake AI. The post Chinese Authorities Intensify Efforts to Counter Web3 Fraud appeared first on NFT News Today. дальше »

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Chinese police to crack down on crypto and deepfake AI

The move comes as several prominent Chinese blockchain executives have been arrested this year.

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Blockchain-Powered mBridge Project Aims to Establish Chinese Yuan as US Dollar Alternative

China, Thailand, Hong Kong, and the UAE are developing the mBridge project, a blockchain-powered platform aiming to establish the Chinese yuan as an alternative to the USD in international settlements. дальше »

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China’s risky Bitcoin court decision, is Huobi in trouble or not? Asia Express

Man loses $10M after Chinese court rules Bitcoin lending is not protected by law, loads of Web3 founders get arrested, and Huobi rumors swirl. дальше »

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Huobi on-Chain Data Lends Credence to Insolvency Rumors

Investor Adam Cochran argues that on-chain data seems to corroborate allegations by Chinese media that Huobi could be insolvent. The post Huobi on-Chain Data Lends Credence to Insolvency Rumors appeared first on BeInCrypto. дальше »

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Chinese regulators reaffirm ‘severe crackdown’ on overseas telecoms dealing in crypto, blockchain

China is warning telecom companies that are based overseas not to wield “new technologies” — digital assets, blockchain, artificial intelligence (AI) and the metaverse — for nefarious purposes. дальше »

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Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China

The exchange faces ongoing rumors about its stablecoins reserves and an alleged investigation by Chinese authorities.

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Reports of secret $90B Chinese trading denied by Binance, claims no operation in the country

Despite reports from the Wall Street Journal (WSJ) that China accounts for about 20% of Binance’s trading volume, the exchange told CryptoSlate in an Aug. 2 email that its website is blocked in the country and its platform is unavailable to China-based users. дальше »

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BlackRock Under Fire From US Lawmakers for China Ties

The House of Representatives' Select Committee on the Chinese Communist Party scrutinizes asset manager BlackRock and MSCI for China ties. The post BlackRock Under Fire From US Lawmakers for China Ties appeared first on BeInCrypto. дальше »

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Chinese city implements plan for blockchain digital infrastructure system by 2025

The government of Shanghai has implemented a strategic plan to develop its urban blockchain digital infrastructure system between 2023 and 2025. дальше »

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Alibaba’s Ant to exclude blockchain services, conduct IPO

Ant Group, Alibaba’s fintech arm, is rumored to exclude blockchain development from its primary financial business in China to pave the way for a Hong Kong IPO. Ant Group Co., a fintech affiliate of the Chinese e-commerce giant Alibaba, is… дальше »

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