Beijing’s White Paper Unveils Groundbreaking Plans for Web3 Innovation and Development
A new white paper document has been released by Beijing, the capital city of China, with the aim of promoting innovation and development in the...
Tag : China
Chinese Blockchain Firm Announces Cross-Border CBDC Payment System
A new digital payment system has been launched by a Hong Kong-based blockchain business Red Date technology with the goal of bridging the stablecoin and...
A Chinese Official Receives Bribes Worth 125 Million Yuan in Order to Assist Bitcoin Miners
Xiao Yi, a former member of the Chinese Communist Party and vice-chairman of the Chinese People’s Political Consultative Conference’s Jiangxi Provincial Committee who took bribes...
China’s Police Have Detained a Criminal Gang Accused of Laundering More Than $5 Billion in Crypto
During a press conference on 23 September 2022, the Hengyang County Public Security Bureau in China discussed the “100-day operation” of the Summer Public Security...
Beijing Unveils Its Plan to Develop the Metaverse Over the Next Two Years
Shanghai, China’s financial center, released a five-year growth plan earlier this week. Interestingly, the metaverse was included among the four frontiers. After months of speculation,...
Bitcoin Mining Equipment Will Not Be Sent to China by Bitmain
Mining equipment maker Bitmain will presently don’t send its items to central area China. The move is in light of nearby guidelines, the organization clarified....
After the Ban, Over 90% of Crypto-related Firms in China Close Down
In excess of 20 significant firms including cryptocurrency organizations, including trading trade, crypto mining, and crypto data stages, have suspended administrations to Chinese central area...
China’s Digital Yuan Places Ant And Tencent In An Off-Kilter Position
HONG KONG—China is looking on private-area pioneers Ant Group Co. also, Tencent Holdings Ltd. to help it foster state-upheld advanced money that compromises the pair’s...
Updates Of Digital Yuan Released By People’s Bank Of China in White Paper
The People’s Bank of China (PBOC) has delivered another whitepaper identifying the nation’s advancement with its national bank computerized cash (CBDC). The 15-page record, delivered...
Chinese Bitcoin Mining Power Vanishes Overnight
As per research by the Cambridge Center for Alternative Finance (CCAF), China’s mining power vanished for the time being when the crackdown was authorized. It...