An ex-official of the People’s Bank of China (PBOC), which is the central bank of China, has stated his dissatisfaction with the fact that China’s digital yuan is not being used very often. According to a report published on December 28 by Caixin, Xie Ping, a former research director at the PBOC who is now … Continue reading Ex-Chinese Central Banker Says Digital Yuan: Use Has Been Minimal
Twitter is set to expand its offerings by launching a new feature that will allow users to trade cryptocurrencies and stocks, according to a report by CNBC. The social media giant has partnered with fintech firm eToro to bring the new financial features to its platform. This is the first notable deal for Twitter since … Continue reading Twitter to Add Cryptocurrency Trading
Huobi Global, a prominent cryptocurrency exchange, is encountering significant challenges on multiple fronts, encompassing a trademark dispute, allegations of fraud against a key person, and an order to halt its operations in Malaysia. Li Lin, the founder of Huobi, has openly disassociated himself from the firm’s operations since October 8, 2022. In a statement posted on his … Continue reading Huobi Global Faces Mounting Challenges: Trademark Dispute, Legal Troubles, and Operations Suspension
On July 18, 2023, Chinese authorities in Qingshui County, Jincheng City, Shanxi Province successfully cracked a money laundering case involving the use of the cryptocurrency Tether (USDT). The operation led to the arrest of 21 suspects, the seizure of over 40 mobile phones, and the confiscation of cash and USDT worth over 1 million yuan. … Continue reading Chinese Authorities Crack Down on 54.8 Million USDT Money Laundering Scheme