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China
China Has Completed ‘Rectification’ of Crypto Transactions: PBOC
The country’s central bank has warned banks and payment services providers to stay away from virtual currencies.
BSN to Launch South Korea Portal, Canaan Secures Huge Rig Order
China’s Blockchain-based Service Network to launch portal in South Korea. China’s Canaan secures huge mining rig order from Genesis Digital Assets, and a Korean play-to-earn game explodes in popularity despite a ban in its home country.
Red Date, MetaverseSociety Partner to Launch BSN Portal in S. Korea
The portal will be the Blockchain Services Network’s third in the APAC region.
Market Wrap: Bitcoin Slips Below $48K as Focus Shifts to Regulation
Bitcoin is in pullback mode as China and the SEC have traders’ attention.
China’s 9F to Become Crypto Brokerage After State Cracks Down on P2P Lending
The financial technology firm had to abandon its biggest revenue stream because China wanted to eradicate the industry.
Is Bitcoin Too Big to Fall?
Quantum Economics analyst Jason Deane discusses his outlook for the Bitcoin network, explaining why he believes there's "too much value" and "too much at stake" for it to fall. "It's very, very difficult to stop something that has a full network effect," Deane said. Plus, insights into the global growth of BTC users, the impact of China's mining crackdowns on the hashrate, institutional interest in crypto.
China to Build Global Clearing Network for Mobile Payments Using Digital Yuan
According to the People's Daily, China aims to build an international clearing and settlement network for mobile payments using the digital yuan, saying renminbi (RMB) internationalization is inevitable. Meanwhile, the central government is tightening its grip on control as it's now issuing guidance for time spent on video games. "The Hash" hosts discuss the latest on China's central bank digital currency (CBDC) pilot, its implications for global finance, and if China's political model impedes innovation.
Korea’s Love for Crypto Continues, Crypto Exchange Bilaxy Hacked
Data shows Korean love of crypto remains strong, despite new regulations. China banks release data on e-CNY progress. Hong Kong-based Bilaxy crypto exchange suffers US$21 million hack. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Crypto Mining Firm The9 to Launch NFT Platform in Q4
The Shanghai firm is the latest to enter the booming digital collectibles market.
China to Build Global Clearing Network for Mobile Payments, Using Digital Yuan: State Media
RMB internationalization is inevitable, wrote People’s Daily.
