Chinese official sentenced to life in prison for Bitcoin mining, corruption
Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise. Go to Source
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Germany proposes to screen Chinese investment in AI and related sectors: Report
The German government proposed tighter export controls on China for semiconductors and AI technology similar to measures from U.S. regulators. Go to Source
China proposes to bring its social credit system to the metaverse: Report
Proposals to a United Nations group reportedly show China wants digital IDs and real-world punishments for actions that occur in the Metaverse. Go to Source
China facing deflation may be bad news for Bitcoin
Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin. Go to Source
Chinese man sentenced to 9 months in prison for buying 13K in USDT
China has been harshly enforcing its crypto ban since the start of the year, cracking down on individuals and projects alike. Go to Source
Pentagon forms ‘Task Force Lima’ to map generative AI for US defense
Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities. Go to Source
Chinese police to crackdown on crypto and deepfake AI
The move comes as several prominent Chinese blockchain executives have been arrested this year. Go to Source
US and China AI-tech standoff shows signs of spreading to other countries
The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments. Go to Source
Binance drops majority of USD Coin reserves — Latest USDC news
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with. Go to Source
Japanese startup to use stablecoins and CBDC to link Asian countries
Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia. Go to Source