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The SEC accused Coinbase, one of the largest crypto exchanges in the world, of operating as an unregistered broker, exchange and clearing agency at the same time, soliciting customers, handling orders, allowing for bids and acting as an intermediary all at once, in violation of federal securities laws. Source
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Chinese super app WeChat is the second multipurpose social media platform in the country, after Alipay, to integrate digital yuan payments. WeChat has integrated the digital yuan into its platform to facilitate faster and more seamless user payments. The move by the leading Chinese social networking and payment app also
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WeChat, China’s leading social networking and payment app, has added the country’s central bank digital currency (CBDC), to its payment services, according to reports in local media. The move aims to help broaden the appeal of the digital yuan.WeChat now supports the fast payment function of the digital yuan wallet,
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WeChat has joined the growing list of Chinese platforms supporting the country’s central bank digital currency (CBDC), the digital yuan (e-CNY). The move is expected to boost digital yan adoption in the country. WeChat, a Chinese social media, instant messaging and payments solution from the stables of Tencent, has integrated the
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Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a Chinese messaging platform, in a recent tweet.In a Mar. 4 tweet, CZ addressed the false speculations that circulated on the Chinese messaging platform
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The CEO of Binance, Changpeng Zhao, has refuted claims that have spread widely on the Chinese social media giant WeChat that the FBI shot him. Zhao ‘working closely’ with the FBI, labels the rumors fake news WeChat users used a photoshopped Twitter account image of the New York Times Chinese branch to
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In addition to challenging TikTok, Tencent also connects its products with Channels to help creators to stream content.Chinese multinational and entertainment company Tencent Holdings is set to challenge ByteDance’s dominance with its own TikTok. A source revealed that Tencent had created a team of content creators to launch its own
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Wechat, the Chinese messaging app, has reportedly suspended accounts that are linked to non-fungible tokens (NFTs). The objective of the crackdown is to stop the use of the affected accounts in promoting NFTs. The Widening Crackdown on Digital Assets The Chinese messaging app Wechat recently acknowledged it had suspended some accounts
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China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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