The Chinese central bank – the People’s Bank of China (PBoC) – says that all crypto exchanges and peer-to-peer (P2P) trading platforms have now been closed down on the Mainland. But it appears the authorities are still fighting an ongoing struggle against crypto mining, with many advocates thought to have taken their operations underground….…
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Crypto is making its presence felt through its absence at the Winter Olympics, currently underway in China. The International Olympic Committee (IOC) has struck a partnership deal with nWay, a subsidiary of the play-to-earn (P2E) gaming giant Animoca Brands, which has released the “official video game” of Beijing 2022. The snag? It’s banned in…
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Many of the National Stadium retailers allowing purchases with China’s CBDC were outside the Olympics’ quarantine bubble for athletes, journalists, and staff. On the day of the opening ceremony of the Beijing 2022 Winter Olympics, there were reportedly more transactions made in China’s central bank digital currency than those through Visa. In a Wednesday report…
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Chinese entertainment giant Tencent will be collaborating on the project with a number of others, including Alibaba subsidiary Ant Group. Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and security framework for non-fungible tokens (NFTs) . The project, dubbed a “technical…
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The International Olympics Committee connects with the Winter Games via blockchain by trading NFT pins and playing a P2E mobile game. Olympic Games Jam: Beijing 2022 is the Winter Olympic’s official play-to-earn multiplayer mobile game, created in collaboration between Animoca Brands-owned nWayPlay game studio and the International Olympics Committee. Currently, the app is only available…
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Hong Kong regulators and senior members of the government have spoken about their willingness of introducing new rules to police the crypto sector, with a new set of guidelines already formulated for crypto brokerages. According to RTHK, Hong Kong’s Secretary for Financial Services and the Treasury Christopher Hui Ching-yu noted that the government now…
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It’s had a brutal fall from all-time highs, but the project still retains a market of $1.6 billion and has a dedicated community of developers. Once hailed as the “Ethereum of China,” Neo’s token price has fallen on hard times ever since the world’s most populous nation introduced a series of acute bans on cryptocurrency operations…
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Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes. Every global event or major political crisis these days can trigger a digital asset-related conversation. As China welcomes the world’s top athletes to the Beijing 2022 Winter Olympics, showing off ultra-high-tech facilities and sports…
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The International Olympics Committee sells NFT pins, Team Great Britain offers NFT-based fan engagement and the “Chinese Banksy” protests. Today’s Nifty News rounds up nonfungible token (NFT) projects centered around the Winter Olympics, which began Friday in Beijing, China. The following are initiatives taken by the International Olympic Committee, or IOC, The British Olympic Association, and…
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