A Chinese cybersecurity watchdog is accusing the U.S. government of unlawfully confiscating billions of dollars worth of Bitcoin (BTC) that were originally hacked in 2020 from a little-known Chinese mining pool. The U.S. government has refuted CVERC’s claims, asserting that ...
The Shenzhen government in China has warned consumers about the many pitfalls of stablecoin trading, citing many cases where stablecoins were used to sell fraudulent crypto schemes. Stablecoins are currently enjoying a boom in global markets, particularly with cross-border remittance ...
China’s cryptocurrency miners faced the worst crackdown in their existence leading to mass migration. Recent probes indicate that some cryptocurrency miners have continued operating under the grid as the noose tightens. Since the crackdown, America, Kazakhstan, and Russia have risen ...
Key takeaways A Financial Times report indicates that China is turning up pressure on brands to make use of digital yuan. While China’s CBDC has been received controversially, the country’s government insists that it protects privacy. China’s digital yuan is ...
Chinese police have reportedly seized crypto assets worth billions of dollars during a crackdown on the infamous PlusToken Ponzi scheme. In a Nov.19 court ruling, the Jiangsu Yancheng Intermediate People’s Court laid out in detail all the cryptocurrencies confiscated by Chinese ...
The wave of Central Bank Digital Currencies is spreading throughout the world and various governments are already making plans to implement their own. China is one of those countries on the frontline in developing a workable CBDC. According to a ...