China

Bitcoin (BTC) miner Canaan is seeking new capital amid a slump in its revenue and bottom line.According to its Q3 2023 earnings report released on Nov. 28, the company seeks to sell $148 million in equity through an at-the-market offering. The day before, Canaan announced that it had reach ...

More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.According to local news reports, Hong Kong-based HSBC, Hang Seng Bank and Taiwanese bank Fubon ...

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain ...

IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first “utility-scale” quantum system in the region.  ...

British multinational bank Standard Chartered will partake in trials of China's digital yuan central bank digital currency (e-CNY CBDC), one of the first foreign banks to do so in the country.According to the Nov. 27 announcement, Standard Chartered, through its partner City Bank Clearing ...

Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns.So it bears asking: Can AI and blockchain be integrated in a way that benefits humanity? There are reasons to think so. As far bac ...

The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local ...

The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.BSN’s founding members include the institutional digital asset wallet Blockdaemon, the blockchain infrastructure automati ...

Bitcoin (BTC) recently surged above $37,000 between Nov. 10 and 12, only to falter and undergo a correction toward $35,000 on Nov. 13. This abrupt movement triggered the liquidation of $121 million worth of long futures contracts, and while Bitcoin’s price stabilized around $35,800 on Nov. ...

The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments conversion of ...

The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15, but with the focus of the organization being on the region ...

A new phishing scam has emerged in China that uses a fake Skype video app to target crypto usersAs per a report by crypto security analytic firm SlowMist, the Chinese hackers behind the phishing scam used China’s ban on international applications as the basis of their scam, as several main ...

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.The company is partnering with open-source blockchain PlatON for privacy-pro ...

The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences. It outlines three views on the type of crime that theft of digital collections falls under, the first two c ...

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital. Speaking to Cointelegraph, Zheng, partner of liquid funds and ...

Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futur ...

The Chinese artificial intelligence (AI) chip market has been subject to ongoing export restrictions which imposed by the United States from October 2022, which prohibited the sale of certain U.S. products to China. The U.S. initially blocked the export of the highest level of chips p ...

Chinese President Xi Jinping addressed an audience on Nov. 8 at the World Internet Conference Summit in Wuzhen, China calling for international cooperation on risks posed by artificial intelligence (AI). Xi’s speech, pre-recorded and broadcast at the conference, stressed the need for ...

The Securities and Futures Commission (SFC) of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2.The market demand in Hong Kong for tokenized investment products combined with the various benefits of ...

China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month.The deal was made with &ldqu ...

The United Kingdom’s global summit on artificial intelligence safety, the AI Safety Summit, concluded on Nov. 2 with a one-on-one chat between U.K. Prime Minister Rishi Sunak and billionaire Elon Musk. Musk was one of the many big names to attend the summit, including heads of O ...

The United Kingdom’s global summit on artificial intelligence (AI) safety, “AI Safety Summit” began on Nov. 1 and will carry on through Nov. 2 with government officials and leading AI companies from the world in attendance, including from the United States and China. U.K. Prime Minist ...

Banking giant Hong Kong and Shanghai Banking Corporation (HSBC) have tested the use of tokenized deposits – from issuance to transfer to redemption – with major Chinese banker Ant Group, founded by Jack Ma, in a sandbox arranged by the Hong Kong Monetary Authority.The initiativ ...

The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year.T ...

The Hong Kong Monetary Authority (HKMA) is gearing up for the second phase of the e-HKD (e-Hong Kong dollar) pilot program as it announced the successful completion of the Phase 1 trial of its in-house central bank digital currency (CBDC). The HKMA launched the e-HKD pilot program in ...

The United Kingdom (U.K.) will be hosting the world's inaugural international summit on artificial intelligence (AI) safety in Nov. 2023. This event seeks to establish the U.K.'s presence as a mediator between the United States, China and the European Union in the critical field of technology, po ...

The United States Department of Commerce’s Bureau of Industry and Security (BIS) released a notice on Oct. 17 expanding the already existing export controls of artificial intelligence (AI) chips to China. The BIS wrote that the newly released rules “reinforce” those put in place back ...

Baidu, one of China’s largest technology companies, released version 4.0 of its popular “Ernie” artificial intelligence (AI) large language model (LLM) chatbot.According to an English language translation provided by Baidu, embedded in an X post alongside the usual Google ...

Recent developments in the crypto space in Hong Kong could potentially boost cryptocurrency activity in East Asia, which has been impacted by China's ban on trading activities since 2019. According to a report by Chainalysis, cryptocurrency value received in East Asia accounted for just 8.8% of the ...

Recent developments in Hong Kong are poised to breathe new life into the cryptocurrency scene in East Asia. This region has faced significant challenges, primarily due to China's comprehensive ban on cryptocurrency trading activities that have been in place since 2019. However, the tide may be turni ...

South Korea's top internet company, Kakao, and leading game developer, Com2uS, are reportedly downsizing their metaverse teams due to significant losses incurred by their virtual world platforms in the first half of 2023. Here are some key points: Com2uS, a major mobile game developer w ...

Artificial intelligence (AI) usage in social media has been targeted as a potential threat to impact or sway voter sentiment in the upcoming 2024 presidential elections in the United States. Major tech companies and U.S. governmental entities have been actively monitoring the situatio ...

Ant Group, the owner of the world's largest mobile payment platform Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers. The official press release, published on Sept. ...

China is gearing up to introduce its digital yuan to the ASEAN nations, with plans to explore "cross-regional use" of its Central Bank Digital Currency (CBDC) within the bloc. While some ASEAN members have close political ties to China, others maintain stronger connections with Washington. Cities li ...

Chinese technology corporation Tencent unveiled its “Hunyuan” artificial intelligence (AI) system, a multimodal large language model (LLM) similar to OpenAI’s ChatGPT, at the Global Digital Ecosystem Summit in Shenzhen on Aug. 7.  ...

East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). On Sept. 7, a local media outlet, the Central News Agency,&n ...

Sina Weibo, one of the most popular Chinese social media apps with over 258 million daily active users, has removed 80 influencer accounts promoting cryptocurrency activities citing official legislation.According to the Sept. 5 announcement, 80 crypto influencer accounts with over 8 millio ...

Stablecoin issuer Tether has become one of the top buyers of United States Treasury bills in the world, according to a post by Tether CTO Paolo Ardoino. In a social media post, Ardoino highlighted that Tether currently has an exposure of $72.5 billion in US T-bills. The amount places ...

The CEO of Chinese tech company Baidu, Robin Li, said on Sep. 5 that more than 70 artificial intelligence (AI) models have been released in the country, according to a report from Reuters. Li commented that the over 70 AI language models that have been released were created with over ...

On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circ ...

While China’s central bank digital currency (CBDC) goes through technological and business model upgrades, the market should provide an opportunity to include it in all online retail payment options. The statement was made on Sept. 3 by Changchun Mu, the Director of the Digital Currency Research ...

The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from Reuters. This comes after disclosures were revealed in a Nvidia report that the U.S. government had expanded requirements ...

People’s courts in China exercise judicial power independently and are not subject to interference by an administrative or public organization. These courts try criminal, civil, administrative, and cases that involve economic disputes.The report titled "Identification of the Property Attri ...

Regulators in the United States have asked Nvidia to curb exports of artificial intelligence (AI) chips to “some Middle East countries,” according to its latest quarterly report. The report was released on Aug. 28, in which the company said the new regulations affect its A100 and H100 ...

Four China-based tech companies launched their own artificial intelligence (AI) chatbots on Aug. 30 for public use after receiving approval from the Chinese government. Baidu, Baichuan Intelligent Technology, SenseTime and Zhipu AI all launched their chatbots less than two weeks after ...

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, ...

News headlines have recently covered how China's struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be s ...

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS ...

An individual, identified only as “Mr. Chen,” has been convicted by the Fuzhou Mawei People’s Procuratorate on charges of “offense of concealment and concealment of crime” for purchasing 94,988 Chinese yuan ($13,067) worth of Tether (USDT) for an acquaintance.According to local news report ...

The United States Department of Defence has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense.On Aug. 10, the Pentagon announced the formation of “Task Force Lima” that would look into integrating AI ac ...

In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1. ...

Celsius' Mashinsky motion to dismiss deniedThe former chief executive of crypto lending platform Celsius Network, Alex Mashinsky, is back on track to face a civil fraud lawsuit after a New Yor judge denied his motion to dismiss the case.A court order issued on Aug. 4 by New York Cou ...

Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorities were investigating its executives. Outflows over the weekend resulted in the exchange's total value locked (TVL) falling to $2.5 billion at the ...

The Chinese city of Shanghai issued an implementation plan on July 31 to promote the development of its urban blockchain digital infrastructure system in the time frame of 2023–2025.The announcement says the plan was formulated to serve the “strategic goal” of Shanghai’s urban digital tran ...

Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.On July 19, People’s Bank of China governor Yi Gang spoke at a conference in Sin ...

Twitter’s plans to roll out a payment platform took a major step forward this week as its subsidiary, Twitter Payments, received its first money transmitter licenses in the United States states of Michigan, New Hampshire and Missouri. The company — reportedly building a so ...

As part of Hong Kong's ongoing commitment to embrace the "megatrend" of Web3 development, it has established a diverse group of industry and government officials to supervise the progress of Web3 in the region.According to a June 30 statement, the government of Hong Kong has formed a task ...

The CEO of Hong Kong's Securities and Futures Commission (SFC), Julia Leung Fung-yee, addressed Hong Kong's embrace of Web3 regulation following the collapse of crypto exchange FTX last November, noting that crypto trading is an important part of the virtual asset ecosystem.During a recent ...

Joe Tsai, the soon-to-be former executive vice chair of China-based technology giant Alibaba, will replace Daniel Zhang as company chair.In a June 20 announcement, Alibaba said Zhang would be stepping down as chair of the company and CEO effective Sept. 10, whereupon he will continue to se ...

The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market's resilience and end-of-week price gains amid uncertainty in stablecoins' reserves provides hope for bulls, it might be too soon to celebrate.Cr ...

Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin.BTC supply moves to AsiaThe past year has seen some seismic ...

Venture capital firm Sequoia Capital announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately. The move, announced on June 6, is intended to decentralize back-office functions for ...

Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on the eastern Pearl River Delta in South China. The city is known for being pro-innovation and technology, and over the past year, it ...

Hayden Adams, the creator of the Uniswap protocol and CEO of Uniswap Labs, recently expressed his surprise on Twitter regarding a scam where individuals created a fake Uniswap website.In a tweet, Adams indicated his astonishment at the elaborate nature of the scam, emphasizing that it requ ...

Global search interest for the term “AI” has reached a new all-time high on Google, though it’s yet to hold a candle to peak Bitcoin (BTC) mania in 2017, data has revealed.Artificial intelligence has dominated headlines over the past few months, with some suggesting that it’s the latest “t ...

British multinational bank Standard Chartered and PwC China have teamed up to produce a white paper on applications for central bank digital currency (CBDC) in the so-called Greater Bay Area of China — Guangdong Province, Hong Kong and Macao. Programmability will make all the difference, they con ...

Mainland Chinese authorities continue policy of harassment of cryptocurrency companies. The other day, the Trust Reserve team behind the CNHC yuan-linked steblecoin was detained. Family members of employees have been notified of th ...

The CEO of major U.S. cryptocurrency exchange Coinbase Brian Armstrong believes that the negative stance of U.S. regulators on cryptocurrencies only plays into the hands of China and other countries. In an article for MarketWatch magazine, Brian Armstrong noted that the cry ...

Brian Armstrong thinks the United States is in danger of missing its chance With that, the dollar will lose its status as a world currency He calls for developing the cryptocurrency segment, not limiting it On Tuesday, May 30, WarketWatch published an ...

As reported in local publications, the Beijing Municipal Science and Technology Commission has published its own Web3 White Paper on Innovation and Development. Beijing aims to become an international innovation center for the digital economy. The document describes Web3 ...

Changpeng Zhao, CEO of cryptocurrency exchange Binance, said that after China Central Television CCTV broadcast a story about cryptocurrency, "all of China is literally buzzing." "CCTV just aired a story on cryptocurrency.. It's meaningful.. Chinese-speaki ...

Elliptic found 90 manufacturers willing to supply fentanyl precursors 90% of them accept cryptocurrency, mostly BTC They have received about $27 million in CA since the beginning of the year In China, fentanyl has been banned since 2019, but clandestin ...

Chinese search company Baidu has shifted its focus from the meta-universe to artificial intelligence because of the hype surrounding ChatGPT Chinese search giant Baidu has changed its mind about investing in the meta universe and is now focusing on artificial intelligence (AI). Local newspaper ...

Powers have called this asset class "common fraud." The country is not willing to risk FATF "white" status for a questionable market Pakistan was removed from the "gray list" of rogue states in October 2022 The Standing Committee on Finance met Tuesda ...

The Supreme People's Procuratorate of China justified the targets for controlling NFT market activities and drew attention to the risks associated with this asset class. In recommendations prepared for the country's law enforcement agencies, the Supreme People's Procuratora ...

China's National Blockchain Innovation Center officially opened on Tuesday, May 10, in the capital Beijing. The Center will be run by the Beijing Blockchain Academy, which has announced its intention to accelerate the construction of "super-scale clusters of blockchain co ...

He made up the news and commercialized it on Baijiahao The criminal used ChatGPT to generate content He faces up to 5 years in prison Police in Gansu province, China, have arrested a man for spreading fakes about a train crash for profit. The suspect ...

This is the rule adopted by the Supreme Court of the PRC But payments can only be made by mutual consent Is this Russian help to circumvent sanctions? The Chinese cryptocurrency scene has surprised again with an unexpected turn of events. And the hero ...

Let's look at April results in the crypto market And the historical data for May April was a tumultuous month in the crypto world. It will be remembered for bank panics, new U.S. crackdowns, high-profile scams and unfounded rumors. Such news from time to time ...

Wired has published a piece on the development of the meta-universe within the walls of the Chinese firewall. Chinese authorities are not against the development of virtual reality technology, but only if it will obey the rules of the party. However, there are not many ways to monetize the met ...

The Sandbox universe is having a land sale in the Mega City 3 location and launching a new NFT collection The Sandbox universe is launching a land sale in a new location in the virtual world of Mega City 3, which is inspired by the megacities of China. The new virtual space will open on April ...

Binance.US, a subsidiary of Binance created to cater to US customers, reportedly maintains a significant technology workforce in China, as per sources cited by Bloomberg. However, the connection to China could potentially raise regulatory concerns for the company, as noted by the same source. ...

According to a report by the Shanghai Securities Journal, China will soon launch a pilot program for digital yuan payroll (e-CNY) for civil servants in May. The program will be initially tested among various professionals, including doctors, teachers, and firefighters, in Changshu city, a populou ...

Following the latest recalculation of the bitcoin mining complexity, the measurement increased by 1.72% and has now surpassed the previous record to reach an all-time high of 48.71 trillion hashes. This adjustment occurs roughly every two weeks and is reliant on the network hashrate - the higher ...

The city administration of Changsha, located in Hunan province of China, has recently reported that in the first quarter of 2023, over 400,000 outlets began accepting the state digital currency as a form of payment. This has resulted in the total transaction volume with e-CNY in the city surpassi ...

It is not uncommon for the Chinese government to closely monitor and control information related to sensitive topics such as cryptocurrency. The recent removal of the Bitcoin price monitoring feature on Douyin shortly after it was added suggests that the Chinese authorities may not be as crypto-f ...

According to reports from China, Bitmain, one of the leading mining equipment manufacturers, has been fined 25 million yuan ($3.7 million) by local authorities for tax evasion. The Beijing Office of the State Administration of Taxation imposed the fine on Bitmain Technologies for failing to pay p ...

According to Jeffrey Sachs, a renowned economics professor and the director of the Columbia University Center for Sustainability, state-backed digital currencies will eventually replace the US dollar in the payment sphere. Sachs emphasized that up to 60% of foreign trade settlements are presently ...

The Indian government has recently introduced a new foreign trade policy guideline that allows the use of the digital rupee for international transactions. According to India's Commerce Minister, Sunil Barthwal, the new policy will make cross-border payments much more accessible for countries who ...

Chinese officials have emphasized the need for international regulators to tighten oversight of the cryptocurrency industry to protect users from fraud and financial loss. Xuan Changneng, the deputy governor of the People's Bank of China (PBOC), acknowledged the importance of not "blocking the ro ...

According to journalists from the Financial Times, Binance, the world's largest crypto exchange, allegedly concealed its close relationship with China for several years. The report suggests that Binance's top executives instructed employees to hide their connections and presence in China, contrad ...

The Chinese Ministry of Industry and Information Technology (MIT) has announced plans to revise and update national technology standards for the fintech and blockchain industries. To accomplish this goal, the Ministry has initiated public consultations with stakeholders regarding its "Program for ...

According to reports by CNBC, some employees and volunteers at Binance, the largest crypto exchange, are providing advice to users from China on how to bypass the “know your customer” (KYC) procedure and remain anonymous. These individuals, known as "angels," shared methods such as forging bank d ...

According to China's State Administration for Market Regulation, complaints related to non-fungible tokens (NFTs) experienced a massive increase of 30,000% in 2022. The regulator reported that last year, there were 59,700 complaints from individuals who were negatively impacted by investing in th ...

According to Alex Gladstein, the director of strategic development at the Human Rights Foundation, Bitcoin's decentralized nature makes it a powerful tool in the fight against corruption. In a recent interview, he explained that Bitcoin has the potential to limit the power of states with "collapsed ...

The huge project, which promises to be the largest blockchain hardware product in the world, should be launched before the end of this year, Conflux promises. The SIM card will be able to store the user's public and private keys, helping to manage them. Also, with the help of BSIM, it will be possib ...