Shanghai
Two Charged Over N Korea Sanctions; Crypto Market Falls
The U.S. charges two Europeans for helping North Korea evade sanctions with crypto. Blockchain technology comes to the forefront in recording Shanghai’s COVID-19 lockdown. Crypto market tumbles on concerns over Fed hikes and growth in China. These stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Shanghai Police Bust $16M Pyramid Scheme Involving Crypto
Police in Shanghai busted more than 10 people in connection with a $16 million pyramid scheme involving cryptocurrencies. It's the city's first cracked case of this sort. "Crypto scams lend itself to what crypto is," says research analyst George Kaloudis. "The Hash" panel dives into this story that again shows the importance of doing your own research.
Shanghai Police Bust $16M Crypto Pyramid Scheme
It's the city's first cracked case of an online pyramid scheme that used cryptocurrencies, according to authorities.
China Cryptopunk Sale, Use Cases Key to DeFi
Kakao and Naver’s move into Singapore stalls. Cryptopunk NFT sells for over US$820,000 in Shanghai. Real-world applications key to crypto world in 2022. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
The machine requires a passport, but not a bank account.
Shanghai to Test Offshore Yuan Stablecoin on the Conflux Blockchain
China is using restricted-access blockchains in many industries, but the government use of a decentralized chain is rare.
Crypto Clampdown Hits Sichuan; DTravel Launches Airbnb Rival
China crypto mining clampdown hits Sichuan as miners seek safe-havens. Shanghai promotes digital yuan with a red envelope lottery. DTravel launches decentralized rival to Airbnb. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China
The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.
Shanghai Government Invests $5M in Blockchain Startup Conflux
The Shanghai government has invested over $5 million in Conflux while putting the project on a list of 57 companies that focus on emerging technologies.
Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office
Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office.
