Chinese Investors Turn to Bitcoin Amid Economic Struggles
These steps are seen as positive for Bitcoin suggesting Chinese investors view crypto as a viable option for preserving wealth. Bitcoin and other cryptocurrencies are becoming more attractive to Chinese investors as the country’s economy struggles. This can be seen in the inflows that the over-the-counter (OTC) cryptocurrency brokers in the country are seeing, as […]
China Controls 55% of Bitcoin Hashrate Despite Crypto Ban
China plans to update its Anti-Money Laundering laws by 2025, expanding regulations to cover cryptocurrency transactions. In spite of the fact that China currently prohibits the use of cryptocurrencies, Chinese Bitcoin miners continue to control the majority of the worldwide network. Ki Young Ju, the founder and CEO of CryptoQuant, has reported that Chinese mining […]
US is 6 months Ahead of China on AI – Ex Google China Head
According to Kai-Fu Lee, the former president of Google China, Chinese artificial intelligence models are approximately six months behind those used in the United States. According to a Sept. 11 report by CNBC, Lee stated at the AVCJ Private Equity Forum in China that the less-advanced Chinese models are approximately 15 months behind their US […]
Chinese CoinGecko Investigated by Local Police
Local police in China are investigating Chinese CoinGecko Feixiaohao, a major cryptocurrency data and news provider. There have been reports that the local police in China are conducting an inquiry into Feixiaohao, which is a significant cryptocurrency market data and industry news supplier. Several top executives at Feixiaohao are believed to have been arrested as […]
Crypto Pyramid Scheme Leader Extradites to China After Global Hunt
China extradites crypto pyramid scheme leader Zhang Moumou from Thailand after a global manhunt. Following an extensive international manhunt, Zhang Moumou, the mastermind behind a vast crypto pyramid scheme, has been extradited from Thailand to China, according to the Chinese government. This is the first instance in which China has effectively extradited an economic crime […]