India Reportedly Investigating Binance in Chinese Money Laundering Case – Regulation Bitcoin News
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US senators tell athletes to avoid digital yuan, Chinese exchange volumes rebound … and more – Cointelegraph Magazine
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Olympic battleAfter months of writing about the relentless actions of the Chinese government, this week we lead with a
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Why The Chinese Government Started Mining Bitcoin (BTC)
Reporter Colin Wu shared news published by Chinese state media PengPai related to Bitcoin mining activities by the national government. At the very least, China’s view of cryptocurrencies is ambiguous, but according to the report they have been dabbing with BTC. The state media confirmed a rumor on the Beijing government’s
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Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs
Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major
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Chinese State-owned Banks Are Advertising Digital Yuan
While China has not yet announced when it wants to officially launch the e-CNY nationwide, it is set to continue the pilot tests during the 2022 Beijing Winter Olympics. A recent Reuters report has revealed that six big Chinese State-owned banks in Shanghai are advertising the
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Did a massive Chinese power outage cause Bitcoin’s crash down to $50K?
Woo noted reports identifying the blackouts were published late last week, with the power outages occurring to facilitate safety inspections in response to a recent flooding accident at a local coal mine that saw 21 miners temporarily trapped underground after power and communications went down.According to the Cambridge Bitcoin Energy
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Chinese Banks Begin Processing Applications for Digital Yuan Wallets
While a defined date of the digital yuan launch has not been revealed, the current stride of opening up the wallet application to the public is a step closer to achieving the country’s CBDC dreams.Major Chinese state-owned banks have started processing applications for digital yuan wallets from members of the
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Chinese Baidu Planning to Raise $3.1 Billion in Hong Kong Listing
With the upcoming listing, Baidu will be the biggest US-traded Chinese company in Hong Kong since NetEase Inc.’s offering in June 2020Chinese leading internet giant Baidu Inc (NASDAQ: BIDU) is planning to conduct a secondary listing in Hong Kong. According to those familiar with the matter, the trading will start
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