TL;DR Breakdown Baidu says it will hold its annual developers’ meeting next Monday through their metaverse application Xi Rang. On Tuesday, the Executive in charge of Xi Rang said that the company needs time to develop more features for their metaverse. Baidu, a leading technology corporation in China, participates in the ongoing metaverse innovation. The […]
TL;DR Breakdown This Friday, China’s government-operated Xinhua News network will launch its inaugural digital art. The NFT features unique moments of 2021 that the firm documented. China’s major state media is launching its NFTs. Xinhua News corporation announced launching a set of journal images called “News Digital Collection.” The corporation will avail the journal images […]
TL;DR Breakdown  Xiao Yi, a former senior political adviser, has been taken into custody for getting involved in crypto mining, abusing power, and taking bribes. The government wants to crack down on the illegal trading of funds linked to cryptos. Xiao Yi has been taken into custody for associating with crypto miners. The top regional […]
TL;DR Breakdown The Hainan Province of China takes steps aiming to curb crypto mining. The province plans to introduce higher power rates for the organizations that continue to mine crypto there. China’s crypto ban looks to be taking shape as it reaches even the most remote areas like Hainan. This province is the smallest one […]
TL;DR Breakdown Charlie Munger backs China crypto ban. Investor says crypto ban is adult fashion. Munger says he hates Bitcoin, casts away BTC investors. Charlie Munger, a prominent billionaire investor and the vice-chairman of Berkshire Hathaway, has backed China’s decision to ban cryptocurrencies totally. While bashing cryptocurrencies, Munger, a known crypto critic, said the Chinese […]
TL;DR Breakdown Cryptocurrencies plunged on Tuesday, with Bitcoin price sliding towards the $60,000 level and Ether close to its lowest levels of November Analysts attribute this broad market dip to new tax-reporting rules stated in the Infrastructure Bill which Joe Biden signed into law on Monday Another reason for the huge sell-off is speculated to […]
TL;DR Breakdown Tokyo tax regulators catch up on three Chinese investors involved in an underground cash injection into a Japanese real estate company. The regulators find it crucial to work with Chinese authorities to uncover illegal money injection to Japanese businesses. Three Chinese investors were caught by the Tokyo Regional Taxation Bureau injecting money in cryptocurrencies in […]
TL;DR Breakdown Crypto crime rises in Hong Kong. Covid-19 to blame for the rise in crime, Hong Kong police says. Stakeholder describes UK as paradise of crypto scam. Hong Kong police have sounded the alarm on the rate of crypto crime which has been on the rise ever since the global lockdown the entire world […]
TL;DR Breakdown China says it will intensify crackdown on cryptocurrencies China stiff crypto regulation forces exchanges out of the country China rumored to hate crypto because of digital yuan China has again reiterated its ongoing effort on crypto crackdown. In a statement on Saturday, the People’s Bank of China (PBOC) said it will maintain high […]
TL;DR Breakdown Huobi exchange wind down firm in China Winding down does not affect crypto rading on the platform China stringent crypto regulation may be responsible for Huobi winding down Stakeholders of Chinese crypto firm, Huobi exchange has resolved to dissolve the entity since it came into existence in 2013. The firm’s decision, which is […]