China

China Disrupts $5.6 Billion Cryptocurrency Laundering Plan

China has successfully busted a 40 billion yuan ($5.6 billion) cryptocurrency laundering ring. Over the past several months, Chinese authorities…

2 years ago

China Arrests 93 People Suspected Of Laundering $5,6 Billion In Crypto

On September 23, 2022, the Hengyang County Public Security Bureau in China held a news conference to highlight the "100-day…

2 years ago

China Arrests 200 Million Yuan For Money Laundering Violation Related To CBDC

Law enforcement in China has busted a 200 million yuan money laundering operation using digital yuan (CBDC). Authorities in China…

2 years ago

The First University Of China Established the Metaverse Major

Nanjing University of Information Science & Technology has renamed its 25-year-old Information Engineering Department as the Metaverse Engineering Department. The…

2 years ago

GPU Prices In China Drop To Historic Lows After The Merge

The Merge changed Ethereum's protocol consensus from PoW to more environmentally friendly PoS. However, it did cause some damage to…

2 years ago

Gansu Province Strictly Restricts Crypto Mining

According to a policy document, the Chinese province of Gansu would strictly restrict crypto mining in server rooms for China's…

2 years ago

China Accounts For 84% Of The World’s Blockchain Patent Applications

Despite the country's cryptocurrency ban, China's Ministry of Industry and Information Technology (MIIT) claimed in a news conference on Tuesday…

2 years ago

China Will Expand CBDC Trials To 4 Provinces Of The Country

The People's Bank of China, or PBoC, is apparently planning to expand the use of its central bank digital currency,…

2 years ago

Luke Gromen: The United States Can Surpass China And Russia If It Adopts Bitcoin

According to macroeconomist Luke Gromen, the United States stands to profit from accepting Bitcoin (BTC) rather than perceiving the asset…

2 years ago

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