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CNHC stablecoin issuer reportedly detained in China

0xMain
June 1, 2023

China, CNHC, detained, Hacking, issuer, reportedly, stablecoin

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Trust Reserve team, responsible for the CNHC stablecoin pegged to the offshore yuan, has been allegedly detained by the Chinese police. PANews, a local Asian outlet, exclusively obtained...

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Municipal government in China releases blockchain white paper

0xMain
May 28, 2023

Blockchain, China, government, Hacking, Municipal, paper, releases, White

A municipal government in Beijing, the capital of the People’s Republic of China and the hub for technological innovation, has unveiled plans to lead the development of web3 and blockchain. Beijing municipality government releases blockchain white paper Per local reports, the Beijing Municipal...

China might be opening up to cryptos

0xMain
May 26, 2023

China, cryptos, Hacking, opening

In a surprising turn of events, recent signs suggest that China, a country known for its stringent stance on cryptocurrencies, may be considering a reversal of its notorious crypto ban. This development has been hinted at in a Twitter thread by Keyur Rohit...

Multichain team allegedly arrested in China

0xMain
May 26, 2023

allegedly, arrested, China, Hacking, Multichain, team

Rumors within the Chinese crypto community suggest that the police arrested the development team for the Multichain network. The Chinese police might also control the network’s hardware/cold wallet. Based on the speculative statements, the wallet involves around $1.5 to $1.6 billion in funds. The...

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Ripple scores against SEC, blockchain adoption in China and South Korea, more ETH staked| Weekly recap

0xMain
May 21, 2023

adoption, Blockchain, China, ETH, Hacking, Korea, recap, Ripple, scores, SEC, South, staked, Weekly

This week, a judge adjudicating the ongoing Securities and Exchange Commission (SEC) versus Ripple, the blockchain company, issued a landmark ruling. At the same time, Ripple announced crucial strategic expansions. Also, the number of staked ethereum (ETH) rose to record highs. Meanwhile, crypto...

Blockchain-based mobile SIM card goes live in China

0xMain
May 16, 2023

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Conflux Network, the first regulatory-compliant public blockchain in China, and China Telecom, a global communications network, have unveiled the world’s first blockchain SIM (BSIM) card. Conflux Network, in collaboration with China Telecom, has introduced the blockchain SIM (BSIM) card. This mobile user identification...

China to train 500k web3 professionals through its new blockchain research center

0xMain
May 15, 2023

500k, Blockchain, center, China, Hacking, professionals, Research, train, web3

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Chinese government aims to train at least 500,000 new web3 talents via its newly launched national blockchain research center. The government is also looking to develop a nationwide...

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US OFAC sanctions 5 individuals in China and Guatemala, bitcoin address blacklisted

0xMain
April 16, 2023

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On April 14, the United States Office of Foreign Assets Control (OFAC), under the Treasury Department, sanctioned five individuals and two companies based in China for supplying cartels in Mexico with precursor ingredients used to manufacture opioids. OFAC sanctions Of the five people sanctioned, a...

Criminal gang behind fake crypto wallets arrested in China

0xMain
April 2, 2023

arrested, China, criminal, Crypto, fake, gang, Hacking, wallets

Shanxi police in China have arrested a criminal gang involved in manufacturing and distributing fake cryptocurrency wallets. The gang had been distributing fake wallet Android Package kit (APK) installation packages through popular messaging apps. The gang distributed counterfeit wallet APK installation packages through...

Binance may have hidden its presence in China for years

0xMain
March 29, 2023

Binance, China, Hacking, hidden, presence, years

Based on new reports, the Binance crypto exchange allegedly hid many primary links to China for several years. Binance exchange and its CEO, Changpeng Zhao, are under the regulatory spotlight in U.S. regulators owing to a legal suit against fraud. Recent reports allegedly...