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China

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01 Jun 23

CNHC stablecoin issuer reportedly detained in China

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Trust Reserve team, responsible for the CNHC stablecoin pegged to the offshore yuan, has been allegedly detained by the Chinese police. PANews, a local Asian outlet, exclusively obtained this information. It revealed that the team was reportedly detained by the […]

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28 May 23

Municipal government in China releases blockchain white paper

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A municipal government in Beijing, the capital of the People’s Republic of China and the hub for technological innovation, has unveiled plans to lead the development of web3 and blockchain. Beijing municipality government releases blockchain white paper Per local reports, the […]

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26 May 23

China might be opening up to cryptos

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a surprising turn of events, recent signs suggest that China, a country known for its stringent stance on cryptocurrencies, may be considering a reversal of its notorious crypto ban. This development has been hinted at in a Twitter thread by […]

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26 May 23

Multichain team allegedly arrested in China

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Rumors within the Chinese crypto community suggest that the police arrested the development team for the Multichain network. The Chinese police might also control the network’s hardware/cold wallet. Based on the speculative statements, the wallet involves around $1.5 to $1.6 billion in […]

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21 May 23

Ripple scores against SEC, blockchain adoption in China and South Korea, more ETH staked| Weekly recap

This week, a judge adjudicating the ongoing Securities and Exchange Commission (SEC) versus Ripple, the blockchain company, issued a landmark ruling. At the same time, Ripple announced crucial strategic expansions. Also, the number of staked ethereum (ETH) rose to record highs. Meanwhile, crypto adoption rate remained considerably high despite ongoing regulatory considerations. The crypto scene […]

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16 May 23

Blockchain-based mobile SIM card goes live in China

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Conflux Network, the first regulatory-compliant public blockchain in China, and China Telecom, a global communications network, have unveiled the world’s first blockchain SIM (BSIM) card. Conflux Network, in collaboration with China Telecom, has introduced the blockchain SIM (BSIM) card. This mobile […]

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15 May 23

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

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 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) and […]

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16 Apr 23

US OFAC sanctions 5 individuals in China and Guatemala, bitcoin address blacklisted

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On April 14, the United States Office of Foreign Assets Control (OFAC), under the Treasury Department, sanctioned five individuals and two companies based in China for supplying cartels in Mexico with precursor ingredients used to manufacture opioids. OFAC sanctions Of the five people […]

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02 Apr 23

Criminal gang behind fake crypto wallets arrested in China

Shanxi police in China have arrested a criminal gang involved in manufacturing and distributing fake cryptocurrency wallets. The gang had been distributing fake wallet Android Package kit (APK) installation packages through popular messaging apps. The gang distributed counterfeit wallet APK installation packages through well-known messaging apps like WeChat and Telegram and bought search engine advertising […]

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29 Mar 23

Binance may have hidden its presence in China for years

Based on new reports, the Binance crypto exchange allegedly hid many primary links to China for several years. Binance exchange and its CEO, Changpeng Zhao, are under the regulatory spotlight in U.S. regulators owing to a legal suit against fraud. Recent reports allegedly expose the network’s former links to China amid the ongoing trouble. Binance […]

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