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MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
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US President-Elect Donald Trump Says US Will 'Do Something Great With Crypto' at NYSE
Donald Trump hinted that in the coming times, crypto related steps will be made part of traditional financial practices, while ringing the opening bell at the New York Stock Exchange. He said that he wishes for US to establish itself as a crypto adopter before other countries like China does.
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BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
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RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
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What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
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China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
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Huawei’s HarmonyOS Next Reportedly Gains Support for China’s Digital Yuan
Huawei’s HarmonyOS Next now reportedly offers support for China’s e-CNY CBDC. The aim here is to drive widespread adoption of the digital currency. As one of China’s leading smartphone brands, Huawei reportedly serves nearly a billion users, potentially enabling broad access to the e-CNY and accelerating its reach to the masses.
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TSMC Said to Suspend Shipments to China Firm After Chip Found on Huawei AI Processor
TSMC is said to have halted shipments to the China-based company Sophgo following the discovery of its chip in a Huawei AI processor. Huawei faces restrictions on purchasing such technology to safeguard U.S. national security. The means by which the chip was incorporated into the Huawei product remains undetermined by Reuters.
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Hong Kong's HKMA to Upgrade e-HKD CBDC With Programmability, Offline Payment Features Similar to eRupee
Hong Kong is officially launching its e-HKD CBDC into its second, extended trial phase. the HKMA plans to equip the e-HKD CBDC with programmability and offline payments features. Another CBDC use case that Hong Kong is zealously exploring, is its use for tokenised deposits.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
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Vietnam Debuts Academy of Blockchain, AI with Plans to Train a Million People in Emerging Tech
The Academy of Blockchain and AI Innovation (ABAII) was recently launched in Vietnam to educate tech students on the potential use cases of blockchain and AI in sectors like banking, data analysis, as well as digital economy and finance. Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring...
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Hong Kong Said to Be Close to Approving Its First Spot Bitcoin ETFs
Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.
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China Launches Public Blockchain Platform Despite Unfriendly Crypto Stance
Chaina aims to equip cross-border transactions related to its Belt and Road Initiative (BRI) with blockchain capabilities. To do so, the Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative’ in a fresh development.
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MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
-
US President-Elect Donald Trump Says US Will 'Do Something Great With Crypto' at NYSE
Donald Trump hinted that in the coming times, crypto related steps will be made part of traditional financial practices, while ringing the opening bell at the New York Stock Exchange. He said that he wishes for US to establish itself as a crypto adopter before other countries like China does.
-
BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
-
RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
-
What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
-
China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
-
Huawei’s HarmonyOS Next Reportedly Gains Support for China’s Digital Yuan
Huawei’s HarmonyOS Next now reportedly offers support for China’s e-CNY CBDC. The aim here is to drive widespread adoption of the digital currency. As one of China’s leading smartphone brands, Huawei reportedly serves nearly a billion users, potentially enabling broad access to the e-CNY and accelerating its reach to the masses.
-
TSMC Said to Suspend Shipments to China Firm After Chip Found on Huawei AI Processor
TSMC is said to have halted shipments to the China-based company Sophgo following the discovery of its chip in a Huawei AI processor. Huawei faces restrictions on purchasing such technology to safeguard U.S. national security. The means by which the chip was incorporated into the Huawei product remains undetermined by Reuters.
-
Hong Kong's HKMA to Upgrade e-HKD CBDC With Programmability, Offline Payment Features Similar to eRupee
Hong Kong is officially launching its e-HKD CBDC into its second, extended trial phase. the HKMA plans to equip the e-HKD CBDC with programmability and offline payments features. Another CBDC use case that Hong Kong is zealously exploring, is its use for tokenised deposits.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
-
Vietnam Debuts Academy of Blockchain, AI with Plans to Train a Million People in Emerging Tech
The Academy of Blockchain and AI Innovation (ABAII) was recently launched in Vietnam to educate tech students on the potential use cases of blockchain and AI in sectors like banking, data analysis, as well as digital economy and finance. Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring...
-
Hong Kong Said to Be Close to Approving Its First Spot Bitcoin ETFs
Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.
-
China Launches Public Blockchain Platform Despite Unfriendly Crypto Stance
Chaina aims to equip cross-border transactions related to its Belt and Road Initiative (BRI) with blockchain capabilities. To do so, the Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative’ in a fresh development.
