3 Reasons China Should Repeal Bitcoin Ban (Opinion)
China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban.…
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Chinese Officials Tackle Rising Crypto Corruption, Call for Enhanced Legal Measures
Chinese official media has highlighted the growing concern over corrupt officials utilizing advanced methods to conceal and transfer illicit gains. This trend, marked by the use of cryptocurrencies and other…
RenrenBit Founder Sentenced in Prison as China Cracks Down on Crypto Activities
China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison…
Canaan secures new financing as revenue falls 55% in Q3
Despite a downturn in its bottom line, the company has secured a deal with an institutional investor to potentially raise $125 million in capital.
More foreign banks join China’s CBDC pilot trials
A total of four foreign banks have integrated China’s e-CNY CBDC thus far.
Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K
BTC’s correction reveals a disconnect between pro traders’ confidence and retail investors’ skepticism amid regulatory shifts.
IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete
Experts predict the global quantum computing sector will grow from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth…
Can blockchain supply the guardrails to keep AI on course?
Some believe that hybrid blockchains with both private and public aspects can solve AI’s black-box problem.
Cambodian digital currency bakong amps up use case with Alipay agreement
The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
Blockdaemon among founders of BSN Spartan Network governing body
The BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional cryptocurrencies like Bitcoin.
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