China Supports Hong Kong’s Proposal to Become a Crypto Hub
China is backing Hong Kong’s goal of becoming a crypto powerhouse. China’s Liaison Office officials have been frequent attendees at Hong Kong’s crypto gatherings.
China
Hong Kong to Bring Massive Chinese Money to BTC: Lark Davis
Lark Davis, known as CryptoLark, a cryptocurrency instructor, believes Hong Kong will attract enormous quantities of Chinese money to Bitcoin. Read CNL.
Despite the FTX Crash, Bitcoin Is Unstoppable
Bitcoin has once again survived the bear market conditions, even after proving to investors that it is unstoppable. Learn more on CNL.
Bank of America Says CBDCs will Revolutionize Money and Payments
CBDCs and stablecoins are the natural evolution of money and payments, according to Tuesday’s Bank of America (BAC) research report. Read CNL for more.
Poll: China Might be Next On Nigeria`s Footsteps
China came out on top, with 48% of voters placing their faith in the country’s likelihood to legalize Bitcoin and cryptocurrencies. Read CNL for more.
Justin Sun: China Legally Launches BTC Futures ETF
Recently, Justin Sun, the developer of Tron, revealed in a tweet that China is considering launching a futures exchange-traded fund (ETF) for Bitcoin.
CEO: Binance is Not a Chinese Company
CEO of Binance Changpeng Zhao said on BloombergTV that his business is incorrectly considered Chinese since he has a Chinese appearance. Read CNL.
Chinese Govt Holds $3.9B BTC Despite Anti-Crypto Policies
King Young Ju: The government of China is a crypto whale. Chinese authorities seized 194k BTC, 833k ETH, and others from the PlusToken scam in 2019.
China Extends CBDC Trial to Most Populous Provinces
Along with Guangdong, the People’s Bank of China intends to expand the experiment of its e-CNY digital money to Jiangsu, Hebei, and Sichuan through CBDC.
China Gives 15M Digital Yuan to Shenzhen Residents
The Chinese government will give away 15M yuan worth of digital RMB (e-CNY) to Shenzhen local residents. The move aims to boost consumption amid the recent round of Omicron outburst and promote its digital currency. At the end of 2021, the digital yuan had 261 million users. The People’s Bank of China (PBC), China’s central bank, came up with another digital yuan giveaway. According to sources, it aims to further promote its central bank digital currency (CBDC). Specifically, Shenzhen’s Futian district government disclosed that 15 million yuan ($2.27 million) in e-CNY will go to its local residents. The latest move
Huawei Latest Chinese Tech Giant to Launch NFTs
Huawei Cloud launched its first batch of NFTs airdrop last Tuesday. The NFT is based on Hawei’s mascot. All of Huawei’s first batch of NFTs airdrops have already been sold. Huawei Cloud, a subsidiary of Huawei’s cloud computing, is the newest Chinese tech giant to join on the popular non-fungible token (NFT) trend by launching its first batch of NFT airdrop Last Tuesday. As a part of Huawei Cloud’s branding campaign, the airdropped NFTs have been based on Huawei’s mascot. Huawei has yet to reveal if it will launch it on the NFT platform. Nonetheless, the NFTs run on Huawei’s
Binance Burns Bridges: China Punished for Banning Crypto
Binance is delisting the CNY trading zone. This decision will be in motion from December 31, 2021. After this, all users in mainland China will see their accounts switch to ‘withdrawal only’ Binance — the global crypto trading exchange platform, made a bold announcement via a blog post. To specify, the exchange is delisting the CNY trading zone. This means that Binance will stop all services provided to users in mainland China. In detail, the blog post talks about Binance’s decision on the matter of regulatory requirements demanded by the local government. In response, Binance C2C decided to simply delist
