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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
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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
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Searches for the Worldcoin hashtag grew from 0 to almost 20,000 on Weibo – China’s Twitter-like social media site – from earlier in May until a peak on May 21. On WeChat, another popular social media app, searches peaked on May 18, growing 225% from the previous day. Worldcoin and
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The partnerships are aimed at increasing the liquid staking industry’s presence in Chinese markets. Source
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The ban on Micron Technology has drawn a response from US Commerce Secretary Gina Raimondo who said America will not sit back and firmly oppose restrictions that are not backed by proper facts. The chip and semiconductor industry is likely to see its next major distortion following the labeling of United
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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
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Conflux Network, a public blockchain backed by the Chinese government, on Tuesday unveiled its first blockchain-based SIM card, or BSIM, in a collaboration with China’s second-largest wireless carrier China Telecom. See related article: China’s ‘Instagram’ gets NFT makeover with ConfluxFast factsThe BSIM card will allow users to access blockchain-based functions such
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A Greenland Holdings subsidiary is applying for a virtual asset trading license in Hong Kong, the South China Morning Post reported. It is the first state-owned Chinese company to do so. Greenland Financial Technology Group CEO James Geng Jing told the Hong Kong newspaper that a new company dedicated to virtual
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Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) card at
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Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade, which fell by 11.2% to $217.9 billion during the first
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