Huobi Plans Return to US Months After Shuttering China Business
The company is likely to focus more on asset management than an exchange business. Source
Read More
China
China courts improve evidence collection through blockchain
China’s legal system is looking into blockchain technology to improve its online smart court system and enhance information sharing and evidence submission. See related article: How blockchain technology is shaking up courtrooms in Asia Fast facts China’s supreme court released on Tuesday a set of rules allowing courts to verify and recognize evidence
Read More
BTC price falls below $38K as Tencent leads worst China tech rout since July
Bitcoin (BTC) kept falling lower on Feb. 21 as $38,000 became the latest level to fail the test for bulls.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$40,000 eyed as BTC relief bounce targetData from Cointelegraph Markets Pro and TradingView painted a grim picture for BTC/USD Monday, as $38,000 support abruptly vanished after
Read More
China Designates 15 National Pilot Zones and 164 Entities for Blockchain Projects – Regulation Bitcoin News
The Chinese government has established 15 pilot zones and 164 entities for blockchain projects. “Projects will be carried out in various fields such as manufacturing, energy, government and tax services, law, education, health, trade and finance, and cross border finance.” China Establishes Blockchain Testing Zones Sixteen Chinese governmental bodies jointly announced Sunday
Read More
China pilots nationwide blockchain development over real-world use cases
The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 entities. The initiative aims for the large-scale implementation of blockchain technology across businesses and government organizations in China. The CAC, along with other government agencies, directed the regulatory
Read More
BSN Introduces NFT Infrastructure Platform in China
The Blockchain-Based Service Network (BSN), China’s state-sanctioned blockchain infrastructure project, said it is releasing its platform for non-fungible tokens (NFT) in the country today.The BSN-Distributed Digital Certificate (BSN-DDC) network is a structure for building NFTs that is compliant with Chinese regulations, the organization said in a press release. Authorities in
Read More
CasperLabs to become blockchain of choice for the City of Fuzhou, China
On Friday, CasperLabs, a blockchain software firm, announced a partnership with China's Blockchain-based Service Network, or BSN. Through the agreement, which has been minted as a nonfungible token, or NFT, as a sign of commemoration, Casper Network will be added as the blockchain of choice to the Fuzhou City Chain
Read More
A Former US Senator and Ambassador to China on the Need for Stablecoin Regulation
This episode is sponsored by Nexo, Abra and FTX US.Download this episodeThis week’s “Long Reads Sunday” reading is Max Baucus’ “The Urgent Need for Regulatory Clarity on Stablecoins.”See also: Strike App Won’t Support Bitcoin in Argentina“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by
Read More
China aims to separate NFTs from crypto via new blockchain infrastructure
China is planning to draw a clear line between cryptocurrencies and nonfungible tokens (NFTs), pretty much the same way it did with its digital currency efforts, before the crypto crackdown in the country harms the local NFT industry.The Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is working
Read More
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China – Bitcoin News
The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch Boosts Digital Yuan Ahead
Read More