Tencent shuts down NFT platform as gov policy makes it impossible to thrive
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector. Go to Source Powered by WPeMatico
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China’s central bank to expand deployment of e-CNY
Over 4,567,000 merchants across the country now accept the e-CNY as payment. Go to Source Powered by WPeMatico
Shanghai included blockchain, NFTs and Web3 in its 5-year plan
The municipal government pledged to support the enterprises that are discovering the non-fungibles market. Go to Source Powered by WPeMatico
Law Decoded, July 4–11: Access denied for crypto-owning policymakers
An advisory notice from the United States Office of Government Ethics intends to leave the hodlers out of decision-making on crypto. Go to Source Powered by WPeMatico
China Frozen Bank Account Controversy: Affected Clients Injured During Protests, Nearly $6 Billion Missing
Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to be behind the disappearance is now outside … Read more
US inflation data will be ‘messy’ — 5 things to know in Bitcoin this week
A potent combination of CPI figures and more make for a problematic week as Bitcoin price struggles. Go to Source Powered by WPeMatico
Hacker Selling 1 Billion Chinese Citizens’ Data for 10 BTC, Zuckerberg’s Meta Ends Novi Project, and More — Bitcoin.com News Week in Review
In this week’s bite-sized digest of the hottest stories from Bitcoin.com News, a hacker claims to have stolen a massive amount of Chinese citizens’ personal data from Shanghai police, and now wants to sell it for ten bitcoins. Also, Mark Zuckerberg’s Meta has ditched the Novi project, after unveiling a new metaverse wallet. These stories … Read more
US dominates crypto ATMs installations and BTC hash rate worldwide
With China out of the competition, the US picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power by Jan 2022. Go to Source Powered by WPeMatico
Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars
As the search for an elusive Bitcoin bottom continues, at least one United States miner was forced to liquidate a portion of its holdings in June. Go to Source Powered by WPeMatico
Salary payments in USDT stablecoin ruled as illegal in the Chinese court
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions. Go to Source Powered by WPeMatico