China

Chinese police expose DeFi scam worth $7.8m arrest 8, suspects

TL;DR Breakdown Another DeFi Scam bursted by Chinese police.How DeFi has become hot bed for crypto scams. Chizhou police in… Read More

January 18, 2022

China wants to separate cryptocurrencies from NFT trading

TL;DR Breakdown • BSN Network will create an NFT project to create tokens without cryptos.• China continues to fight cryptocurrencies… Read More

January 13, 2022

China’s e-CNY wallet stands as one of the most downloaded applications

TL;DR Breakdown China’s e-CNY wallet is breaking records by attracting massive downloads days after launch.The increased wallet download has influenced… Read More

January 12, 2022

Peoples’ bank of China rolls out pilot phase for digital Yuan

TL;DR Breakdown Earlier today, the PBoC announced the launch of the pilot phase of its e-CNY wallet applications on both… Read More

January 4, 2022

Crypto mining grows daily in Thailand due to China regulations

TL;DR Breakdown • Thailand hosts all crypto-mining farms in the world.• Crypto Mining could be legalized in Thailand by 2022.… Read More

December 29, 2021

MEXC Global to finally retire Chinese accounts before 2022

TL: DR Breakdown MEXC Global has announced that it will retire trading accounts with owners from mainland China before 2022.The… Read More

December 26, 2021

Baidu, a Chinese tech firm says it may take 6 years to roll out their metaverse fully

TL;DR Breakdown Baidu says it will hold its annual developers' meeting next Monday through their metaverse application Xi Rang.On Tuesday,… Read More

December 24, 2021

China’s State Media to Mint NFTs Despite Crypto Crush

TL;DR Breakdown This Friday, China's government-operated Xinhua News network will launch its inaugural digital art.The NFT features unique moments of… Read More

December 23, 2021

Xiao Yi detained for supporting crypto mining and abusing power

TL;DR Breakdown  Xiao Yi, a former senior political adviser, has been taken into custody for getting involved in crypto mining,… Read More

December 9, 2021

China’s Hainan Province carries out crackdowns targeting active crypto miners

TL;DR Breakdown The Hainan Province of China takes steps aiming to curb crypto mining.The province plans to introduce higher power… Read More

December 6, 2021

Why China banning crypto is the right decision – Charlie Munger

TL;DR Breakdown Charlie Munger backs China crypto ban.Investor says crypto ban is adult fashion.Munger says he hates Bitcoin, casts away… Read More

December 4, 2021

China to begin crackdown on NFT, metaverse

TL;DR Breakdown China to crackdown on NFT, Metaverse.PBOC director says both techs can’t be left unregulated.Suggest ways to make crypto… Read More

December 1, 2021

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