Search Results for: Chinese Government

Bankman-Fried de FTX utiliserait les fonds d'Alameda pour payer sa défense juridique

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According to two sources close to FTX, Sam Bankman Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave…

Digital Real Pilot fonctionnera sur Ethereum-Compatible, Blockchain autorisée

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According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the…

Le Paraguay deviendra le principal centre minier de Bitcoin en Amérique latine, selon Insight Group

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Paraguay, one of the smallest countries in Latam, has the conditions needed to become the next Bitcoin mining hub in the region, according to mining insight group Hashrate Index. The company notes there are many elements in favor of Paraguay, comprenant…

Berkshire’s Charlie Munger Says ‘Ridiculous’ Anybody Would Buy Crypto — ‘It’s an Absolute Horror’

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Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says people who oppose banning cryptocurrencies are “idiots,” adding that it’s “just ridiculous” anybody would buy crypto. He also likened replacing national currencies to replacing air, stating that…

Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025

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Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several…

Signaler: Chinese Company Launches Digital Currency Insurance Product

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The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency…

Le groupe nord-coréen Lazarus lié à un nouveau programme de piratage de crypto-monnaie

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The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of an already existing…

Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid

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The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the…

La Chine va étendre les tests de yuan numérique dans les villes pilotes au niveau provincial

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Chine’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping…

Les utilisateurs des médias sociaux se moquent de l'utilisation signalée par la Chine de chars militaires pour intimider les clients des banques qui protestent

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Les utilisateurs des médias sociaux ont critiqué la Chine’s utilisation signalée de chars militaires pour intimider les clients des banques qui protestaient contre le gel de leur épargne. Certains utilisateurs ont affirmé que le déploiement de chars militaires expose le pays’s problèmes économiques sous-jacents. Crypto proponents see the issue…