Category: South China Morning Post

Buy, Sell, Trade Bitcoin with Credit Card & 100+ Cryptocurrencies @ BEST rates from multiple sources, Wallet-to-Wallet, Non-Custodial!

China’s digital yuan nears $250B transaction volume: Central bank governor

While the adoption and use cases of China’s central bank digital currency are expanding, the digital yuan still only represents 0.16% of China’s monetary supply. Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.…
Read more

Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions

According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse…
Read more