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Finally, the world’s eyes are on Bitcoin.
IOHK, the company behind Cardano, has entered into a partnership with Nervos, a multi-asset blockchain network based in China.
A cold war is brewing in the financial world.
China has been a long time critic of Bitcoin despite its unwavering support for digital finance and payments.
According to a report from CoinDesk, the Chinese government has seized $4.2 billion worth of cryptocurrencies.
Bitcoin has been on a tear over the past month, rallying from the low-$11,000s to highs around 36 hours ago at $18,500.
Nervos, one of China’s biggest blockchain and crypto projects, announced the launch of its own token standard, the sUDT, today as per a release shared with CryptoSlate.
China Construction Bank (CCB), one of the country’s “big four” financial players, is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using Bitcoin and the US dollar, financial publication WSJ reported Wednesday.
Changing policies and financial regulations in Hong Kong have now targeted the burgeoning crypto space. As per a statement by the city’s securities watchdog on Tuesday, Hong Kong will now require all cryptocurrency trading platforms to be regulated whether or not they trade securities.
Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody.
The decentralized finance (DeFi) crypto market has dominated both charts and headlines in the past few months, with some heralding the nascent, yet billion-dollar, crypto sub-sector as the next frontier for attracting capital and retail participants.
Over the past few years, Chinese authorities have undergone a strong crackdown on most things crypto in the country.
The ongoing rush for “yield farming” in the crypto market has reportedly led to Chinese investors withdrawing funds from exchanges in the country to lock them up on obscure protocols that promise high yields, said local outlet WuBlockchain earlier today.
Wouldn’t it be weird if the first thing you saw in your morning newspaper was a massive Bitcoin logo? Well, that’s what happened on August 24, when readers of the popular Hong Kong newspaper the Apple Daily were treated to a full-page advertisement promoting the leading cryptocurrency.
Chinese citizens moved over $50 billion from the country using Tether to avoid upcoming capital flight rules, reported news outlet CNBC.
China’s ByteDance and its extremely popular social media app TikTok are in turmoil in the US as President Trump has threatened to ban the application if a merger with a US company, namely Microsoft, does not occur by September 15th.
BSN, a Chinese government-backed blockchain platform, has just launched its official international website.
Accredited investors in Hong Kong are facing scrutiny from wealth managers and banks globally — the latter searching for investor ties to a pro-democracy narrative.