The Chinese internet giant is launching new Web 3.0 solutions including a Metaverse-in-a-Box product and blockchain API services.
Tencent News
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- Market Analysis
Should traders expect further downside after BTC failed to hold above $25,000?
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While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.
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NFTs are still a gray area in China where, unlike cryptocurrencies, there’s no official ban on their use but the authorities have warned investors against the risks from time to time.
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WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements.
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The company’s valuation grew from just $410 million in 2021, reflecting the rapid expansion of the NFT economy.
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The local news publication, acting as the party's spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops.
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Non-futures crypto products like Grayscale Bitcoin Trust are reportedly still available on Futu Securities.
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Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
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Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most-cited developer of patents in the industry.
5005 - Analysis
The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn't hold up if you look at the facts on the ground.
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Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot.
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- Newsletter
Exploring where national security meets securities offerings in this week's crypto news.
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China's market regulator finalizes rules that have been three months in the making.
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