China’s Guangzhou became the first city to launch a pilot function of a digital RMB payment code to pay for bus rides. Passengers can now use the digital yuan (e-CNY) CBDC to pay for public transportation on 10 bus routes through the digital yuan app. Passengers can download the “Digital RMB (Pilot Version)” app in … Continue reading China Guangzhou Public Transport Launches Digital RMB Payment Function
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Binance’s CEO, Changpeng Zhao popularly known as CZ has declared his support to the president of the United States for bringing out a new framework that will guide the activities of using cryptocurrencies in the country in spite of a backlash from other stakeholders. In a Twitter thread, Zhang made salient points as reasons for … Continue reading Amid Criticisms, Binance's Changpeng Zhao Praises Biden's New Crypto Framework
The “Zhejiang” public withdrawal test net is scheduled to be live on February 1 at 15:00 UTC, as stated in a post authored by an Ethereum Foundation developer named Parithosh Jayanthi on January 31. Six days after the Zhejiang testnet is activated, the Shanghai and Capella testnets will both be activated at the same time, … Continue reading Ethereum to Launch Zhejiang Public Withdrawal Testnet
HONG KONG, 6 March 2023 – Binance Founder and CEO Mr. Changpeng Zhao (CZ) confirms his attendance at the Hong Kong Web3 Festival 2023. Mr. Zhao will be the closing speaker on the Opening Day of the conference, 12 April 2023, and will deliver his speech virtually About Changpeng Zhao Changpeng Zhao, known as CZ, … Continue reading Binance CEO Changpeng Zhao to Speak at the 2023 Hong Kong Web3 Festival
On May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee unveiled the “Beijing Web 3.0 Innovation and Development White Paper (2023)” at the parallel forum of the Zhongguancun Forum titled “Web 3.0: Future Development of the Internet Industry.” The release of the White Paper aims … Continue reading Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum
The Guangzhou Housing Provident Fund Management Center has successfully implemented the usage of the Chinese version of the Central Bank Digital Currency (CBDC), commonly known as the digital Yuan, for housing provident fund loans. On June 19th, a lady received a loan of 480,000 yuan through the digital Renminbi (digital Yuan) wallet app, marking the … Continue reading Chinese Version CBDC (Digital Yuan) Applied to Guangzhou Housing Provident Fund Loans
In the ongoing legal battle between the Commodity Futures Trading Commission (CFTC) and Binance, the defendants have filed a motion requesting permission to exceed the standard page limit for their response to the CFTC’s complaint. The motion was filed in the United States District Court for the Northern District of Illinois on July 24, 2023. … Continue reading Binance and Changpeng Zhao Seek Permission to File Excess Pages in Response to CFTC Complaint
Key Takeaways He Yi’s public letter provides insights into Binance’s stringent compliance measures like KYC, EDD, WCK, and POA. Binance is under investigation by the U.S. Department of Justice’s national security division as of May 6, 2023, adding to a series of SEC charges. Binance sells its Russian operations to CommEX, citing alignment with the … Continue reading He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen
On October 2, 2023, plaintiff Nir Lahav filed a class-action lawsuit in the District Court of Northern California against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings Inc., and CEO Changpeng Zhao. The lawsuit accuses Binance and Zhao of unfair competition and violations of Security Exchange Commission (SEC) laws. The plaintiff alleges … Continue reading Binance and CEO Changpeng Zhao Face Class-Action Lawsuit Over Alleged Market Manipulation Targeting FTX