Auto Added by WPeMatico
Conflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network upgrade event in Shanghai. This stablecoin, pegged 1:1 to the…
According to data released by the U.S. Treasury, China has sold off more of its U.S. Treasury holdings, bringing its current total to $756.3 billion, the lowest level since March…
China Merchants Bank’s CMB International Securities has reportedly become the first mainland China-affiliated brokerage to secure a virtual asset licence from Hong Kong’s Securities and Futures Commission. This approval enables…
Chinese fintech giant Ant Group is reportedly partnering with Circle Internet Group to integrate its USDC stablecoin into Ant’s blockchain platform. A Strategic Move Amid China’s Stablecoin Push Chinese fintech…
A Chinese task force has issued a warning to Shenzhen residents about fraudulent investment schemes targeting stablecoins. Growing Stablecoin Popularity A Chinese task force created to combat illicit financial activities…
Officials from Shenzhen have issued cautionary advice to the public, recommending that they pay maximum attention when operating with stablecoins due to mounting reports of abuse from certain schemes. As…
This acquisition from Nano Labs comes following their accumulation of Bitcoin, which is also part of their corporate treasury. According to the most recent data from BitcoinTreasures, the company has…
Bankrupt crypto exchange FTX is asking the court to greenlight a plan that could potentially deny billions in creditor repayments to users in 49 countries where crypto faces legal restrictions.…
Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of…
Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S. dollar, particularly as confidence in the dollar wanes. Dollar Decline…