Former Binance CEO Says China Will Build a Bitcoin Reserve
Changpeng Zhao, the former CEO of Binance, spoke at the Bitcoin MENA conference held in Abu Dhabi about the likelihood of China establishing a strategic reserve of Bitcoin.
Conflux and China Mobile’s Migu Debut World’s First Blockchain-Based Video Ringtone
New York, United States, 21st August 2024, Chainwire
Hong Kong Will Test e-CNY as a Means of Payment
China’s central bank, the People’s Bank of China, is slowly expanding the scope of testing for the country’s digital currency (CBDC).
Chinese Newspaper Announces NFT Platform Launch
China Daily, a newspaper headquartered in China that is owned by the Publicity Department of the Chinese Communist Party, has announced plans to create its own metaverse and platform for NFTs.
US Accuses Chinese Companies of Using Crypto to Sell Drugs
The US Department of Justice has initiated criminal investigations against eight Chinese companies and fourteen employees engaged in drug trafficking using digital currencies.
China’s Central Bank Official: e-CNY Must Be Available in All Retail Scenarios
Changchun Mu, head of the digital currency research institute at the People’s Bank of China (PBoC), stated that the digital yuan, the Chinese central bank digital currency (CBDC) currently in trial, ought to be accessible in all retail payment scenarios.
A Chinese Official is Sentenced to Life for Crypto Mining
The former official of the Chinese province of Jiangxi, Yi Xiao, has been handed a life sentence by a court after being found guilty of corrupt activities and supporting cryptocurrency mining operations.
