Digital yuan scams emerge across China as central bank readies e-CNY
Inner Mongolia police bust yet another digital yuan money laundering case.
-
-
Avalanche price breaks into crypto top 10 as market sees red
Amid a sea of red in crypto markets today Avalanche is bucking the trend, gaining 130% since the start of the month to reach a new all-time high of US$146.22 and leaping over Dogecoin to enter the crypto top 10. This clears that list of memecoins for the first time since Dogecoin’s historic run in…
-
Bitcoin, Ethereum prices continue descent, but crypto funds see inflows
Bitcoin continued its descent this morning Asia time and is currently trading around US$57,050 according to CoinGecko data. The largest cryptocurrency by market value saw a brief surge Monday, crossing the US$59,000 mark, but the rally was not sustained. Ethereum, too, is trading lower at US$4,169, down 15% from its Nov. 10 all-time high of…
-
Martha Stewart releases Thanksgiving-themed NFTs
American lifestyle guru Martha Stewart auctions a storytelling NFT recounting her first, disastrous Thanksgiving dinner.
-
China fintech pilot projects include e-CNY, blockchain
The Beijing Securities Regulatory Bureau released a list of a first batch of 16 fintech pilot projects. Among the listed projects, four are based on blockchain and one uses e-CNY, the central bank digital currency. The projects are for exploring regulatory frameworks and tools for fintech. Fast facts The e-CNY-based fintech project will allow users…
-
Are surveillance and taxation coming soon to a blockchain near you?
The US Infrastructure Act has provisions that should make crypto advocates shudder, writes Alex Shipp of Offshift. Who will stand up for crypto’s core values?
-
Norway considers banning Bitcoin mining while Laos embraces it
The Scandinavian country is concerned with potential environmental harm, while the debt-laden SE Asia nation seeks to regulate.
-
Chinese mining rig maker Canaan boosts self-mining business in Kazakhstan
Chinese cryptocurrency mining rig maker Canaan doesn’t seem to shy away from running its own mining business in Kazakhstan despite a power shortage situation in the Central Asian nation, which has become a popular destination for Chinese miners amid China’s clampdown on the sector. Fast facts Canaan announced today it has started joint mining operations…
-
Crypto exchange Bithumb gets South Korea regulatory approval
South Korea’s Bithumb exchange has been officially registered under the Financial Intelligence Unit (FIU). This makes all four major exchanges of the country licensed to operate virtual assets including cash-to-crypto services. Fast facts The FIU announced on Nov. 19 it has registered Bithumb as an official virtual asset business. The country’s other three major exchanges…
-
El Salvador to build world’s first ‘Bitcoin City’ to be powered by volcanoes
El Salvador — the first country in the world to adopt Bitcoin as legal tender in September — plans on building the world’s first “Bitcoin City,” an entire city to be funded by Bitcoin bonds and powered by geothermal energy from one of the country’s many volcanoes, according to El Salvador’s official presidential Twitter page.…