Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin.
China’s new AI regulations begin to take effect
The Chinese has government loosened its original guidelines for AI it released in April and scheduled them to take effect starting on Aug. 15.
Chinese man sentenced to 9 months in prison for buying 13K in USDT
China has been harshly enforcing its crypto ban since the start of the year, cracking down on individuals and projects alike.
Pentagon forms ‘Task Force Lima’ to map generative AI for US defense
Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities.
Chinese police to crackdown on crypto and deepfake AI
The move comes as several prominent Chinese blockchain executives have been arrested this year.
US and China AI-tech standoff shows signs of spreading to other countries
The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments.
Binance drops majority of USD Coin reserves — Latest USDC news
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.
Japanese startup to use stablecoins and CBDC to link Asian countries
Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia.
Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.
Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China
The exchange faces ongoing rumors about its stablecoins reserves and an alleged investigation by Chinese authorities.
Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China
Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai’s exchanges.
Alibaba releases two open-sourced AI models to rival Meta’s Llama 2
The Chinese tech and e-commerce giant Alibaba revealed two new open-sourced AI models, Qwen-7B and Qwen-7B-Chat, to rival Meta’s recently-launched Llama 2.
Mixed signals: Binance denies reports of $90B in crypto trades in China
Binance has refuted claims published in The Wall Street Journal that the exchange has conducted billions of dollars in crypto-related business in China, despite the country’s crypto ban.
Binance’s Largest Market is China: WSJ
China is Binance’s largest market, amounting to 20% of worldwide volume.
Chinese city implements plan for blockchain digital infrastructure system by 2025
The government of Shanghai has implemented its strategic plan for the development of its urban blockchain digital infrastructure system between the years 2023-2025.
US Senate wants companies to report investments in Chinese technologies
The Senate overwhelmingly supported legislation requiring U.S. companies to report any outbound investments into Chinese technologies.
Digital yuan integration introduced to Chinese business air travel
The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform.
Hong Kong would not go crypto without China’s approval: Animoca exec
China looks at Web3 as a powerful tool to challenge the United States’ technological and economic hegemony, Animoca co-founder said.
Bitcoin price falls under $30K as macro and regulatory worries take center stage
As investors’ euphoria over Bitcoin subsides, regulatory and macroeconomic headwinds resurface to negatively impact the BTC price.
Crypto Bridging Protocol Multichain Ceases Operations After CEO, Sister Detained in China
Multichain said it has been forced to take the action “due to lack of alternative sources of information and corresponding operational funds.”