Reuters: China Prepares Plan for Renminbi Expansion via Stablecoins
TL;DR Policy Shift: China plans yuan-pegged stablecoins to boost the renminbi’s global role, reversing its 2021 crypto ban. Key Hurdles: Capital controls and low global payment
china (Latest Publications)
0G Labs Rolls Out Six-Month Developer Initiative to Boost Decentralized AI
TL;DR 0g Labs Localized Training: Six-month program delivers Chinese-language bootcamps, courses, and competitions to onboard 3,000+ developers into the 0G ecosystem. Community Growth: Appointed leaders, offline
China Regulators Move to Suppress Stablecoin Promotion Amid Fraud Fears
TL;DR China instructed brokers and local entities to halt the promotion of stablecoins and cancel events or publications on the subject. Despite the cryptocurrency ban, over-the-counter
Aavegotchi DAO Poised to Reject $3.2M Buyout Proposal: Nearly 90% Say No!
TL;DR Aavegotchi DAO members are set to reject Rongming Investment’s $3.2M buyout; nearly 90% of votes oppose selling the treasury at a 60% discount. Backlash stems
Conflux Reveals Offshore Yuan Stablecoin and Major Network Upgrade: CFX Skyrockets 50%!
TL;DR Conflux teams up with AnchorX and Eastcompeace to roll out AxCNH, an offshore-yuan stablecoin aimed at powering Belt and Road cross-border settlements. The upcoming Conflux
China Explores Stablecoins to Advance Digital Infrastructure and Currency Reach
TL;DR China faces pressure to use stablecoins in international payments as the U.S. strengthens its lead with new regulations. JD.com and Ant Group are seeking licenses
Infini Shuts Down Crypto Cards—What’s Really Going On?
TL;DR Infini, a widely used crypto card provider among Chinese users, has announced the complete shutdown of its card services, citing high regulatory costs. Despite the
Crypto Market Frenzy: BTC Surges as US-China Relations Ease
TL;DR Bitcoin Soars Amid Trade Relief: The easing of US-China trade tensions has sparked renewed crypto market optimism, pushing Bitcoin past the $93K threshold and reenergizing
China’s Massive Bitcoin Sell-Off Exposed: $16B Liquidated Through Private Firms
TL;DR Covert $16B Liquidation: Private firms are facilitating a covert sell-off of $16 billion in seized Bitcoin, even as China maintains its strict crypto ban. Secret
China and Russia Explore Bitcoin Payments in Energy Transactions
TL;DR China and Russia have started using Bitcoin for commercial energy payments in response to tensions with the United States and to reduce their reliance on
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