In a legal victory for the cryptocurrency exchange, a Chinese court has ruled in favor of Binance against Bloomberg in a defamation lawsuit. This decision comes after a period of public disputes between the two entities.
Read MoreIn a legal victory for the cryptocurrency exchange, a Chinese court has ruled in favor of Binance against Bloomberg in a defamation lawsuit. This decision comes after a period of public disputes between the two entities.
Read MoreChina's financial sector is facing a potential crisis, with reports suggesting that as many as 40 banks could be teetering on the brink of bankruptcy. This alarming situation stems from a confluence of factors threatening the stability of the Chinese financial system.
Read MoreDWF Labs, a prominent Web3 investment firm and market maker, has announced the launch of a $20 million initiative called the Cloudbreak Fund.
Read MoreRecent data reveals a surprising trend in the Bitcoin mining landscape: Chinese mining pools continue to control over 50% of the Bitcoin hashrate, despite China's ban on cryptocurrency mining in 2021.
Read MoreA recent development in the cryptocurrency world has sparked speculation that China might be reconsidering its strict stance on cryptocurrencies. The rumors began when Bybit, a prominent offshore cryptocurrency exchange, unexpectedly opened registrations and authentication for users in China. This move is noteworthy because Bybit had previously banned Chinese users from accessing its platform due to the country's crypto restrictions.
Read MoreBybit, a major cryptocurrency exchange, has reportedly initiated registration and identity verification procedures for Chinese citizens residing outside China. Users can now sign up and engage in crypto trading on the platform using their Chinese national identification. However, trading cryptocurrencies while based in China appears to remain prohibited.
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