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Four Thai Immigration Officers Face Arrest For Abducting Chinese National And Extorting 30,000 USDT
In a shocking incident, four immigration police officers in Thailand are facing arrest for allegedly kidnapping a Chinese man and his female interpreter and extorting a large sum of money from them, SCMP reported on March 21.
According to Deputy national police chief Surachate Hakparn, the incident took place on March 10, 2023, and came to light after the Thai woman filed a police report. The duo had fallen victim to an immigration scam while trying to renew the Chinese man’s passport and visa at a government office in Bangkok.
Thai immigration police chief Surachate Hakparn speaks to journalists in Bangkok. Photo: AFP
After officials rejected the man’s application, the duo left the government office and returned home. However, five men abducted them from their residence and forced them to pay a ransom of 1 million baht (US$29,170) in cryptocurrency. The captors also forced the man to transfer 30,000 USDT to them through the imToken app. The victims were eventually released and reported the incident to the police.
Further investigation revealed that four immigration police bureau officers were linked to the case. Arrest warrants have been issued against the officers, and the Chinese man has fled back to his home country. The victims were also in the news again on Monday after their car was waylaid by a motorcycle-borne assailant. The man received a ransom call demanding 1 million yuan (US$145,500) for his relatives’ freedom, and he handed over 200,000 yuan (US$29,100) in cryptocurrency to the suspect.
This incident has brought the spotlight on Thailand’s immigration police officers and their methods. While the officers claimed to be innocent, their involvement in the incident raises serious questions about the safety and security of foreigners in the country. The incident is also a reminder of the dangers of dealing with cryptocurrencies, which are increasingly being used by criminals to extort money from their victims.
The Thai government needs to take swift action to ensure that incidents like these do not occur again in the future. It is crucial that they investigate and punish those involved in the incident, including the immigration officers, and provide adequate protection to foreigners in the country. The incident has caused a lot of concern among the expat community in Thailand, and the government needs to take concrete steps to address their concerns and ensure their safety.
#Thailand #Chinese #coinscam #USDT #azcoinnews
This article was republished from azcoinnews.com
According to Deputy national police chief Surachate Hakparn, the incident took place on March 10, 2023, and came to light after the Thai woman filed a police report. The duo had fallen victim to an immigration scam while trying to renew the Chinese man’s passport and visa at a government office in Bangkok.
Thai immigration police chief Surachate Hakparn speaks to journalists in Bangkok. Photo: AFP
After officials rejected the man’s application, the duo left the government office and returned home. However, five men abducted them from their residence and forced them to pay a ransom of 1 million baht (US$29,170) in cryptocurrency. The captors also forced the man to transfer 30,000 USDT to them through the imToken app. The victims were eventually released and reported the incident to the police.
Further investigation revealed that four immigration police bureau officers were linked to the case. Arrest warrants have been issued against the officers, and the Chinese man has fled back to his home country. The victims were also in the news again on Monday after their car was waylaid by a motorcycle-borne assailant. The man received a ransom call demanding 1 million yuan (US$145,500) for his relatives’ freedom, and he handed over 200,000 yuan (US$29,100) in cryptocurrency to the suspect.
This incident has brought the spotlight on Thailand’s immigration police officers and their methods. While the officers claimed to be innocent, their involvement in the incident raises serious questions about the safety and security of foreigners in the country. The incident is also a reminder of the dangers of dealing with cryptocurrencies, which are increasingly being used by criminals to extort money from their victims.
The Thai government needs to take swift action to ensure that incidents like these do not occur again in the future. It is crucial that they investigate and punish those involved in the incident, including the immigration officers, and provide adequate protection to foreigners in the country. The incident has caused a lot of concern among the expat community in Thailand, and the government needs to take concrete steps to address their concerns and ensure their safety.
#Thailand #Chinese #coinscam #USDT #azcoinnews
This article was republished from azcoinnews.com
Why Chinese Crypto Coins May Soar In The Coming Weeks?
#Chinese #cryptocurrency coins appear to be preparing for another significant rally as a result of China taking positive steps to promote a quicker recovery in the country's economy.
Despite its complete ban on digital assets in late 2021, China hasn't been very friendly to cryptocurrencies. Nonetheless, several Chinese cryptocurrency coins saw a huge uptick in value back in February of this year. Although the nation's central bank is presently advocating for a speedier recovery from the pandemic-caused depression, it's possible that a similar surge may materialize in the upcoming days.
Central Bank Advances Recovery Initiatives
For the first time this year, the People's Bank of China (PBOC) said on Friday that it will lower the amount of money that banks must keep in reserves, also referred to as the bank's reserve ratio. This action is being taken to promote a developing economic recovery and help maintain adequate liquidity.
The reserve requirement ratio (RRR) for all banks will be decreased by 25 basis points (bps) starting on March 27. This was announced by the central bank. However, banks that have previously implemented a reserve ratio of 5% are exempt from this reduction.
China's Adapting Position On Crypto
Despite the unproven assumption that China opposes crypto, subsequent events have shown that this is untrue. Officials from China's Liaison Office seem to be curious about how Hong Kong is doing with cryptocurrencies. As per reports, these officials are researching the nation's policy regarding digital assets, which many people think is a net plus for the sector.
Governments are not the only ones experimenting with Web3 technology and the use of cryptocurrency; private businesses are also doing so on the Chinese mainland. For instance, China Telecom has been working with significant cryptocurrency companies to create SIM cards based on blockchain technology.
All of these factors are coming together to help create a good perception of the cryptos that are associated with the "China narrative," in addition to the proactive steps the central bank has done to facilitate a quicker recovery.
Chinese Crypto Currencies To Rise
Some popular Chinese cryptocurrencies have already had huge price increases in recent months, with #Conflux seeing a surge of around 124% over the previous week.
As the China narrative acquires more traction in the coming days, #NEO another well-known Layer-1 blockchain in China, might see modest gains. NEO's price increased significantly today; it is now trading close to the $12 mark with a market valuation of about $844 million.
Other notable Chinese crypto coins with the potential to increase in value in the near future include VeChain, Polkadot, IOST, and Filecoin. The price of Bitcoin has already surged beyond the coveted $26,000 barrier, adding further positive impetus to the rise and fostering bullish enthusiasm for the entire crypto industry.
Despite its complete ban on digital assets in late 2021, China hasn't been very friendly to cryptocurrencies. Nonetheless, several Chinese cryptocurrency coins saw a huge uptick in value back in February of this year. Although the nation's central bank is presently advocating for a speedier recovery from the pandemic-caused depression, it's possible that a similar surge may materialize in the upcoming days.
Central Bank Advances Recovery Initiatives
For the first time this year, the People's Bank of China (PBOC) said on Friday that it will lower the amount of money that banks must keep in reserves, also referred to as the bank's reserve ratio. This action is being taken to promote a developing economic recovery and help maintain adequate liquidity.
The reserve requirement ratio (RRR) for all banks will be decreased by 25 basis points (bps) starting on March 27. This was announced by the central bank. However, banks that have previously implemented a reserve ratio of 5% are exempt from this reduction.
China's Adapting Position On Crypto
Despite the unproven assumption that China opposes crypto, subsequent events have shown that this is untrue. Officials from China's Liaison Office seem to be curious about how Hong Kong is doing with cryptocurrencies. As per reports, these officials are researching the nation's policy regarding digital assets, which many people think is a net plus for the sector.
Governments are not the only ones experimenting with Web3 technology and the use of cryptocurrency; private businesses are also doing so on the Chinese mainland. For instance, China Telecom has been working with significant cryptocurrency companies to create SIM cards based on blockchain technology.
All of these factors are coming together to help create a good perception of the cryptos that are associated with the "China narrative," in addition to the proactive steps the central bank has done to facilitate a quicker recovery.
Chinese Crypto Currencies To Rise
Some popular Chinese cryptocurrencies have already had huge price increases in recent months, with #Conflux seeing a surge of around 124% over the previous week.
As the China narrative acquires more traction in the coming days, #NEO another well-known Layer-1 blockchain in China, might see modest gains. NEO's price increased significantly today; it is now trading close to the $12 mark with a market valuation of about $844 million.
Other notable Chinese crypto coins with the potential to increase in value in the near future include VeChain, Polkadot, IOST, and Filecoin. The price of Bitcoin has already surged beyond the coveted $26,000 barrier, adding further positive impetus to the rise and fostering bullish enthusiasm for the entire crypto industry.
A recent #TechFlow survey reveals that Binance is the go-to exchange for #Chinese -speaking investors, with an impressive 96.72% choosing it as their platform of choice. Even more telling, 63.15% of respondents trust Binance to hold their main assets, showcasing its unrivaled dominance in the market.
Key highlights:
Demographics: The survey shows that 76.1% of respondents are male, with most between 26 and 35 years old. With 34.76% having 3-5 years of crypto experience, the community is both knowledgeable and growing fast.
Market preferences: While OKX and Gate.io are notable, Binance stands out as the clear favorite. Interestingly, 69.61% of users aren’t deterred by regulatory concerns when choosing their preferred exchange.
Binance continues to lead the way for crypto enthusiasts across the Chinese-speaking world!
#Binance #Crypto #Blockchain
Key highlights:
Demographics: The survey shows that 76.1% of respondents are male, with most between 26 and 35 years old. With 34.76% having 3-5 years of crypto experience, the community is both knowledgeable and growing fast.
Market preferences: While OKX and Gate.io are notable, Binance stands out as the clear favorite. Interestingly, 69.61% of users aren’t deterred by regulatory concerns when choosing their preferred exchange.
Binance continues to lead the way for crypto enthusiasts across the Chinese-speaking world!
#Binance #Crypto #Blockchain
#solana✈️ don’t miss out the Latest Airdrop Basket $BSKT .
It might not seem like a lot but it’s vesting over 30 days and soon might pump hard too.
I was checking a new #MemeCoin projects’ Twitter Called #Moutai that I recently bought on Solana and found out that they made a new partnership with #Basket .
They both seem like really nice project with solid teams specifically $Moutai they aim to penetrate and work on the #Chinese market and have experienced members.
They have certain criteria on whether if you have been active in solana and/or hold certain NFT, @bsktfi @moutai_sol $SOL
As always DYOR and be very careful with imposters, scammers, and fake sites/accounts.
GL.
It might not seem like a lot but it’s vesting over 30 days and soon might pump hard too.
I was checking a new #MemeCoin projects’ Twitter Called #Moutai that I recently bought on Solana and found out that they made a new partnership with #Basket .
They both seem like really nice project with solid teams specifically $Moutai they aim to penetrate and work on the #Chinese market and have experienced members.
They have certain criteria on whether if you have been active in solana and/or hold certain NFT, @bsktfi @moutai_sol $SOL
As always DYOR and be very careful with imposters, scammers, and fake sites/accounts.
GL.
Top 3 Lesser-Known Memecoins to Watch in China 🧧🐉
China, with its immense technological advancements and massive population, is a unique market for cryptocurrencies. While regulations can be stringent, the interest in innovative and novel digital assets remains strong. Here are three lesser-known memecoins that could potentially find a foothold in the Chinese crypto community.
1. DragonPup (DPUP) 🐉🐶
DragonPup is a new memecoin that combines the mythical allure of dragons with the viral nature of dog-themed coins. It aims to build a strong, community-driven project that appeals to both meme enthusiasts and serious investors.
Why Watch DragonPup in China?
- Cultural Resonance: The dragon is a powerful symbol in Chinese culture, and a coin themed around it could attract significant interest.
- Community Initiatives: DragonPup focuses on community engagement and rewards, which can foster a loyal user base in China.
- Cross-Border Partnerships: DragonPup is looking to establish partnerships with Chinese tech firms and influencers, enhancing its visibility and credibility.
2. PandaCoin (PANDA) 🐼
PandaCoin is inspired by one of China's most beloved animals, the panda. This memecoin aims to leverage the universal appeal of pandas to create a fun and engaging cryptocurrency experience.
Why Watch PandaCoin in China?
- Cultural Icon: The panda is a national treasure in China, and a coin named after it could naturally draw attention and interest.
- Charity Focus: PandaCoin plans to give a portion of its proceeds to wildlife conservation efforts, including panda preservation, aligning with China's environmental initiatives.
- NFT Integration: PandaCoin is developing an NFT marketplace centered around panda-themed digital art, potentially appealing to China’s growing interest in NFTs.
3. LuckyCat (LUCKY) 🐱🍀
LuckyCat draws inspiration from the traditional Chinese symbol of good fortune, the waving cat (Maneki-neko). This memecoin seeks to combine cultural elements with modern cryptocurrency trends to attract a diverse user base.
Why Watch LuckyCat in China?
- Symbol of Good Fortune: The LuckyCat is widely recognized as a symbol of luck and prosperity in Chinese culture, making it an attractive theme for a memecoin.
- Community Engagement: LuckyCat focuses on building a vibrant community through social media challenges, giveaways, and interactive events.
- Innovative Applications: LuckyCat aims to introduce DeFi services and a unique rewards system that can appeal to China's tech-savvy and investment-oriented population.
Conclusion
China's crypto market is unique, characterized by its rapid technological adoption and cultural richness. Memecoins like DragonPup, PandaCoin, and LuckyCat have the potential to resonate deeply with Chinese investors due to their cultural relevance, community focus, and innovative features. While investing in memecoins carries inherent risks, their novel themes and potential utility could capture the imagination of China’s crypto community. 🧧🚀
#China #ChinaCrypto #meme板块关注热点 #Chinese #SuperMacho
👇👇👇
$ETH
👇👇👇
$BNB
👇👇👇
$SOL
1. DragonPup (DPUP) 🐉🐶
DragonPup is a new memecoin that combines the mythical allure of dragons with the viral nature of dog-themed coins. It aims to build a strong, community-driven project that appeals to both meme enthusiasts and serious investors.
Why Watch DragonPup in China?
- Cultural Resonance: The dragon is a powerful symbol in Chinese culture, and a coin themed around it could attract significant interest.
- Community Initiatives: DragonPup focuses on community engagement and rewards, which can foster a loyal user base in China.
- Cross-Border Partnerships: DragonPup is looking to establish partnerships with Chinese tech firms and influencers, enhancing its visibility and credibility.
2. PandaCoin (PANDA) 🐼
PandaCoin is inspired by one of China's most beloved animals, the panda. This memecoin aims to leverage the universal appeal of pandas to create a fun and engaging cryptocurrency experience.
Why Watch PandaCoin in China?
- Cultural Icon: The panda is a national treasure in China, and a coin named after it could naturally draw attention and interest.
- Charity Focus: PandaCoin plans to give a portion of its proceeds to wildlife conservation efforts, including panda preservation, aligning with China's environmental initiatives.
- NFT Integration: PandaCoin is developing an NFT marketplace centered around panda-themed digital art, potentially appealing to China’s growing interest in NFTs.
3. LuckyCat (LUCKY) 🐱🍀
LuckyCat draws inspiration from the traditional Chinese symbol of good fortune, the waving cat (Maneki-neko). This memecoin seeks to combine cultural elements with modern cryptocurrency trends to attract a diverse user base.
Why Watch LuckyCat in China?
- Symbol of Good Fortune: The LuckyCat is widely recognized as a symbol of luck and prosperity in Chinese culture, making it an attractive theme for a memecoin.
- Community Engagement: LuckyCat focuses on building a vibrant community through social media challenges, giveaways, and interactive events.
- Innovative Applications: LuckyCat aims to introduce DeFi services and a unique rewards system that can appeal to China's tech-savvy and investment-oriented population.
Conclusion
China's crypto market is unique, characterized by its rapid technological adoption and cultural richness. Memecoins like DragonPup, PandaCoin, and LuckyCat have the potential to resonate deeply with Chinese investors due to their cultural relevance, community focus, and innovative features. While investing in memecoins carries inherent risks, their novel themes and potential utility could capture the imagination of China’s crypto community. 🧧🚀
#China #ChinaCrypto #meme板块关注热点 #Chinese #SuperMacho
👇👇👇
$ETH
👇👇👇
$BNB
👇👇👇
$SOL
Chinese Crypto Tokens: A Rising Force in the Crypto World
What are Chinese Crypto Tokens?
#Chinese crypto tokens are digital assets that are either developed by Chinese teams or have a significant user base or market share in China. They are not necessarily issued or endorsed by the Chinese government, nor do they represent the official currency of China. Rather, they are decentralized and open-source projects that leverage blockchain technology to provide various services and solutions.
Some of the common features of Chinese crypto tokens are:
They often have a native token that is used to power the network, reward the participants, or access the platform’s services.
They often adopt a dual-token model, where one token is used for governance and the other for utility or payment.
They often have a strong focus on scalability, interoperability and innovation, as they aim to compete with the global leaders in the crypto space.
They often have a loyal and active community of users, developers and investors, who contribute to the growth and development of the project.
They often face regulatory challenges and uncertainties, as the Chinese government has a complex and evolving stance on crypto-related activities.
Why are Chinese Crypto Tokens Popular?
There are several reasons why Chinese crypto tokens have gained popularity and traction in the crypto world. Some of them are:
China has a large and growing population of internet users, who are tech-savvy and eager to adopt new technologies and trends. According to Statista, China had over 989 million internet users as of December 2020, accounting for about 20% of the global total.
China also has a vibrant and dynamic crypto ecosystem, where many projects, platforms and exchanges are based or operate. According to Chainalysis, China ranked fourth in the global crypto adoption index in 2020, behind Ukraine, Russia and Venezuela.
China has a history of innovation and experimentation in the crypto space, as many projects have pioneered new concepts and technologies, such as smart contracts, decentralized applications, cross-chain communication and DeFi. For example, NEO was one of the first platforms to introduce smart contracts and dApps in 2014, while TRON was one of the first platforms to launch a decentralized web browser in 2018.
China has a unique regulatory environment and geopolitical situation, which create both challenges and opportunities for crypto projects. On one hand, the Chinese government has imposed strict restrictions and bans on crypto-related activities, such as ICOs, exchanges and mining. On the other hand, the government has also shown interest and support for blockchain technology and digital currency innovation, such as launching its own central bank digital currency (CBDC) called the digital yuan.
China has a potential for global adoption and influence, as many Chinese crypto projects have expanded their reach and presence beyond their domestic market. For example, Binance is one of the largest and most popular crypto exchanges in the world, while VeChain is one of the leading platforms for supply chain management and traceability.
Examples of Chinese Crypto Tokens
There are many examples of Chinese crypto tokens that have emerged in recent years. Here are some of the most prominent ones:
#NEO : NEO is a platform that aims to create a smart economy based on digital assets, digital identity and smart contracts. It was founded in 2014 by Da Hongfei and Erik Zhang, who are also the co-founders of Onchain, a blockchain technology company. NEO has two native tokens: NEO and GAS. NEO is used for governance and network management, while GAS is used for transaction fees and smart contract execution. NEO claims to be able to process up to 10,000 transactions per second (TPS) through its consensus mechanism called delegated Byzantine Fault Tolerance (dBFT). $NEO
TRON : TRON is a platform that aims to create a decentralized web based on blockchain technology. It was founded in 2017 by Justin Sun, who is also the founder of Peiwo, a social media app. TRON has two native tokens: TRX and BTT. TRX is used for network operations, governance and resource allocation, while BTT is used for content creation and distribution. TRON claims to be able to process up to 2,000 TPS through its consensus mechanism called delegated Proof-of-Stake (dPoS). $TRX
#Binance Coin: Binance Coin is a utility token that is used to access the services and benefits of the Binance ecosystem. It was launched in 2017 by Binance, one of the largest and most popular crypto exchanges in the world. Binance was founded by CZ who is also the CEO of the company. Binance Coin can be used to pay for trading fees, participate in token sales, access decentralized applications and more. Binance Coin has a limited supply of 200 million tokens, which are periodically burned to reduce the circulation and increase the value. $BNB
#Huobi Token: Huobi Token is a utility token that is used to access the services and benefits of the Huobi ecosystem. It was launched in 2018 by Huobi, one of the oldest and most established crypto exchanges in China. Huobi was founded by Leon Li, who is also the CEO of the company. Huobi Token can be used to pay for trading fees, vote for listing candidates, access premium services and more. Huobi Token has a fixed supply of 500 million tokens, which are distributed to users through various activities and promotions.
Challenges and Opportunities for Chinese Crypto Tokens
Chinese crypto tokens face many challenges and opportunities in the crypto world. Some of them are:
Competition: Chinese crypto tokens have to compete with other crypto projects from different regions and sectors, such as Ethereum, Cardano, Polkadot, Solana and more. These projects may have more resources, recognition, adoption or innovation than their Chinese counterparts.
Regulation: Chinese crypto tokens have to deal with the uncertainty and volatility of the regulatory environment in China, which can affect their development, operation and growth. The Chinese government may impose more restrictions or bans on crypto-related activities, or it may introduce more favorable policies or regulations for blockchain technology and digital currency innovation.
Adoption: Chinese crypto tokens have to expand their user base and market share beyond China, as they face limitations and barriers in their domestic market. They have to overcome the challenges of language, culture, trust and awareness in the global market, as well as comply with the local laws and regulations of different countries.
Innovation: Chinese crypto tokens have to continue to innovate and experiment in the crypto space, as they aim to provide better solutions and services for their users and customers. They have to keep up with the latest trends and technologies in the crypto world, such as DeFi, NFTs, DAOs and more.
Conclusion
Chinese crypto tokens are a rising force in the crypto world, as they have emerged as a distinct category of digital assets that are either created by Chinese developers or have a strong connection to the Chinese market. They have many features, reasons, examples and prospects that make them unique and attractive for users, developers and investors.
However, they also face many challenges and opportunities in the crypto world, as they have to compete with other projects, deal with regulation, expand adoption and foster innovation. The future of Chinese crypto tokens will depend on how they can overcome these challenges and seize these opportunities.
#Chinese crypto tokens are digital assets that are either developed by Chinese teams or have a significant user base or market share in China. They are not necessarily issued or endorsed by the Chinese government, nor do they represent the official currency of China. Rather, they are decentralized and open-source projects that leverage blockchain technology to provide various services and solutions.
Some of the common features of Chinese crypto tokens are:
They often have a native token that is used to power the network, reward the participants, or access the platform’s services.
They often adopt a dual-token model, where one token is used for governance and the other for utility or payment.
They often have a strong focus on scalability, interoperability and innovation, as they aim to compete with the global leaders in the crypto space.
They often have a loyal and active community of users, developers and investors, who contribute to the growth and development of the project.
They often face regulatory challenges and uncertainties, as the Chinese government has a complex and evolving stance on crypto-related activities.
Why are Chinese Crypto Tokens Popular?
There are several reasons why Chinese crypto tokens have gained popularity and traction in the crypto world. Some of them are:
China has a large and growing population of internet users, who are tech-savvy and eager to adopt new technologies and trends. According to Statista, China had over 989 million internet users as of December 2020, accounting for about 20% of the global total.
China also has a vibrant and dynamic crypto ecosystem, where many projects, platforms and exchanges are based or operate. According to Chainalysis, China ranked fourth in the global crypto adoption index in 2020, behind Ukraine, Russia and Venezuela.
China has a history of innovation and experimentation in the crypto space, as many projects have pioneered new concepts and technologies, such as smart contracts, decentralized applications, cross-chain communication and DeFi. For example, NEO was one of the first platforms to introduce smart contracts and dApps in 2014, while TRON was one of the first platforms to launch a decentralized web browser in 2018.
China has a unique regulatory environment and geopolitical situation, which create both challenges and opportunities for crypto projects. On one hand, the Chinese government has imposed strict restrictions and bans on crypto-related activities, such as ICOs, exchanges and mining. On the other hand, the government has also shown interest and support for blockchain technology and digital currency innovation, such as launching its own central bank digital currency (CBDC) called the digital yuan.
China has a potential for global adoption and influence, as many Chinese crypto projects have expanded their reach and presence beyond their domestic market. For example, Binance is one of the largest and most popular crypto exchanges in the world, while VeChain is one of the leading platforms for supply chain management and traceability.
Examples of Chinese Crypto Tokens
There are many examples of Chinese crypto tokens that have emerged in recent years. Here are some of the most prominent ones:
#NEO : NEO is a platform that aims to create a smart economy based on digital assets, digital identity and smart contracts. It was founded in 2014 by Da Hongfei and Erik Zhang, who are also the co-founders of Onchain, a blockchain technology company. NEO has two native tokens: NEO and GAS. NEO is used for governance and network management, while GAS is used for transaction fees and smart contract execution. NEO claims to be able to process up to 10,000 transactions per second (TPS) through its consensus mechanism called delegated Byzantine Fault Tolerance (dBFT). $NEO
TRON : TRON is a platform that aims to create a decentralized web based on blockchain technology. It was founded in 2017 by Justin Sun, who is also the founder of Peiwo, a social media app. TRON has two native tokens: TRX and BTT. TRX is used for network operations, governance and resource allocation, while BTT is used for content creation and distribution. TRON claims to be able to process up to 2,000 TPS through its consensus mechanism called delegated Proof-of-Stake (dPoS). $TRX
#Binance Coin: Binance Coin is a utility token that is used to access the services and benefits of the Binance ecosystem. It was launched in 2017 by Binance, one of the largest and most popular crypto exchanges in the world. Binance was founded by CZ who is also the CEO of the company. Binance Coin can be used to pay for trading fees, participate in token sales, access decentralized applications and more. Binance Coin has a limited supply of 200 million tokens, which are periodically burned to reduce the circulation and increase the value. $BNB
#Huobi Token: Huobi Token is a utility token that is used to access the services and benefits of the Huobi ecosystem. It was launched in 2018 by Huobi, one of the oldest and most established crypto exchanges in China. Huobi was founded by Leon Li, who is also the CEO of the company. Huobi Token can be used to pay for trading fees, vote for listing candidates, access premium services and more. Huobi Token has a fixed supply of 500 million tokens, which are distributed to users through various activities and promotions.
Challenges and Opportunities for Chinese Crypto Tokens
Chinese crypto tokens face many challenges and opportunities in the crypto world. Some of them are:
Competition: Chinese crypto tokens have to compete with other crypto projects from different regions and sectors, such as Ethereum, Cardano, Polkadot, Solana and more. These projects may have more resources, recognition, adoption or innovation than their Chinese counterparts.
Regulation: Chinese crypto tokens have to deal with the uncertainty and volatility of the regulatory environment in China, which can affect their development, operation and growth. The Chinese government may impose more restrictions or bans on crypto-related activities, or it may introduce more favorable policies or regulations for blockchain technology and digital currency innovation.
Adoption: Chinese crypto tokens have to expand their user base and market share beyond China, as they face limitations and barriers in their domestic market. They have to overcome the challenges of language, culture, trust and awareness in the global market, as well as comply with the local laws and regulations of different countries.
Innovation: Chinese crypto tokens have to continue to innovate and experiment in the crypto space, as they aim to provide better solutions and services for their users and customers. They have to keep up with the latest trends and technologies in the crypto world, such as DeFi, NFTs, DAOs and more.
Conclusion
Chinese crypto tokens are a rising force in the crypto world, as they have emerged as a distinct category of digital assets that are either created by Chinese developers or have a strong connection to the Chinese market. They have many features, reasons, examples and prospects that make them unique and attractive for users, developers and investors.
However, they also face many challenges and opportunities in the crypto world, as they have to compete with other projects, deal with regulation, expand adoption and foster innovation. The future of Chinese crypto tokens will depend on how they can overcome these challenges and seize these opportunities.
NIHAO is just another meme coin BUT ... is showing just how strong and powerful is the crypto wave coming from #China . This is just the beginning of a much stronger wave once #Chinese #crypto community understand they don't need New understandsYork validation for leading the next #bullmarket
Elon Musk demands oversight of artificial intelligence
#Musk said that governments need to be concerned about deep intelligence in his keynote speech at an AI conference sponsored by the #Chinese government.
On July 5, Musk reportedly said that governments should be concerned about deep intelligence and urged regulators to intervene to stop its abuse in a video keynote talk at an #AI conference supported by the Chinese government.
I do believe that while developing artificial general intelligence or very deep intelligence, we should exercise extreme caution. A computer intelligence known as #artificial general intelligence is superior to all human intelligence in every way. In response, Musk stated, "That is something we should be concerned about. It's important to have some sort of regulatory oversight."
#Musk said that governments need to be concerned about deep intelligence in his keynote speech at an AI conference sponsored by the #Chinese government.
On July 5, Musk reportedly said that governments should be concerned about deep intelligence and urged regulators to intervene to stop its abuse in a video keynote talk at an #AI conference supported by the Chinese government.
I do believe that while developing artificial general intelligence or very deep intelligence, we should exercise extreme caution. A computer intelligence known as #artificial general intelligence is superior to all human intelligence in every way. In response, Musk stated, "That is something we should be concerned about. It's important to have some sort of regulatory oversight."
First in humanoid robot history: XBot-L climbed the Great Wall of China
XBot-L, developed by China-based Robot Era company, made history as the first humanoid robot to climb the Great Wall of China. XBot-L, which went viral with its videos, attracted great attention by expertly navigating the rugged and difficult roads of the Great Wall of China.
XBot-L, developed by China-based Robot Era company, became the first humanoid robot to climb the Great Wall of China.
The video shared by Robot Era on its YouTube channel includes XBot-L, which it claims is the first humanoid robot to climb the Great Wall of China.
While XBot-L wasn't as fast as #Chinese company Unitree's H1 humanoid robot or as agile as Boston Dynamics' Atlas, it demonstrated remarkable ability to navigate the rough and uneven pavement of the Great Wall.
He also mastered the stairs and was even seen doing tai-chi moves when he reached one of the wall's guard towers.
Robot Era attributes these capabilities to its proprietary reinforcement learning (RL) technology, which enables XBOT-L to navigate unpredictable surfaces and effectively explore dimly lit areas.
"Perceptual #RL algorithms help strengthen the robot's perception and decision-making capacity in the face of unfamiliar terrain. The robot can thus recognize complex road conditions and adjust its walking posture in time," the developer company said.
XBot-L, developed by China-based Robot Era company, made history as the first humanoid robot to climb the Great Wall of China. XBot-L, which went viral with its videos, attracted great attention by expertly navigating the rugged and difficult roads of the Great Wall of China.
XBot-L, developed by China-based Robot Era company, became the first humanoid robot to climb the Great Wall of China.
The video shared by Robot Era on its YouTube channel includes XBot-L, which it claims is the first humanoid robot to climb the Great Wall of China.
While XBot-L wasn't as fast as #Chinese company Unitree's H1 humanoid robot or as agile as Boston Dynamics' Atlas, it demonstrated remarkable ability to navigate the rough and uneven pavement of the Great Wall.
He also mastered the stairs and was even seen doing tai-chi moves when he reached one of the wall's guard towers.
Robot Era attributes these capabilities to its proprietary reinforcement learning (RL) technology, which enables XBOT-L to navigate unpredictable surfaces and effectively explore dimly lit areas.
"Perceptual #RL algorithms help strengthen the robot's perception and decision-making capacity in the face of unfamiliar terrain. The robot can thus recognize complex road conditions and adjust its walking posture in time," the developer company said.
😱🇨🇳Is China Unbanning Crypto? Top Analyst Lists Altcoins to ‘Stack’ Before Massive Influx of Capital🇨🇳😱
Twitter is currently swarmed by alleged reports of China’s unbanning of crypto. Tech pioneer Kyle Chasse took to social media and revealed that Bybit has opened registrations for Chinese users. Previously, the third largest offshore exchange strictly restricted Chinese users from using the platform.
Amid the alleged reports, analyst Dylan took to Crypto Banter channel and jumped on the news that China is effectively unbanning crypto, with several clues emerging recently. Specifically, Bybit, the third-largest offshore exchange, has now opened registration and authentication for users in China. Previously, Bybit strictly prohibited Chinese users from registering or using the platform. This news caused a surge in bullish sentiment.
According to him, this development is extremely bullish, hinting that a market recently restricted from crypto trading is now entering the scene. This influx of capital could pump various cryptocurrencies, including altcoins.
The analyst explained that the first cryptocurrency he is focusing on is $NEO . Recently, #NEO experienced a significant pump on April 8th and 9th, coinciding with some Chinese news, resulting in a 54% move off the 50-day moving average. Currently, NEO is trading below this average, but if it gains momentum, it could rise quickly.
Next on his list is $VET and the first move for #VET looks to be about a 10% increase, followed by an 18% move. These are the current opportunities with two of his favorite #Chinese narrative tokens. Let’s see how this plays out. As an example, sometimes you have to wait days or even weeks for a token to move, like with #SUI or RENDER.
Twitter is currently swarmed by alleged reports of China’s unbanning of crypto. Tech pioneer Kyle Chasse took to social media and revealed that Bybit has opened registrations for Chinese users. Previously, the third largest offshore exchange strictly restricted Chinese users from using the platform.
Amid the alleged reports, analyst Dylan took to Crypto Banter channel and jumped on the news that China is effectively unbanning crypto, with several clues emerging recently. Specifically, Bybit, the third-largest offshore exchange, has now opened registration and authentication for users in China. Previously, Bybit strictly prohibited Chinese users from registering or using the platform. This news caused a surge in bullish sentiment.
According to him, this development is extremely bullish, hinting that a market recently restricted from crypto trading is now entering the scene. This influx of capital could pump various cryptocurrencies, including altcoins.
The analyst explained that the first cryptocurrency he is focusing on is $NEO . Recently, #NEO experienced a significant pump on April 8th and 9th, coinciding with some Chinese news, resulting in a 54% move off the 50-day moving average. Currently, NEO is trading below this average, but if it gains momentum, it could rise quickly.
Next on his list is $VET and the first move for #VET looks to be about a 10% increase, followed by an 18% move. These are the current opportunities with two of his favorite #Chinese narrative tokens. Let’s see how this plays out. As an example, sometimes you have to wait days or even weeks for a token to move, like with #SUI or RENDER.
🇺🇸 U.S. #miningpool are increasingly taking a slice of the hash rate from their #Chinese counterparts, but #China still holds up to 55% of the total computing power in the #Bitcoin❗ network. 💻
👀 Notably, American pools mainly cater to institutional miners, whereas Chinese pools tend to support smaller miners across Asia.
#DODOEmpowersMemeIssuance
👀 Notably, American pools mainly cater to institutional miners, whereas Chinese pools tend to support smaller miners across Asia.
#DODOEmpowersMemeIssuance
China's Crypto Crackdown Shakes: Billions of Illegal Bitcoin (BTC) Transactions Revealed.
Recent developments in #ChinaDrama show that cryptocurrencies continue to be used despite the government's current ban. Many raids by Chinese police have revealed the use of cryptocurrencies for illegal transactions worth billions of dollars.
A #Bloomberg report revealed that in May, police in China uncovered an underground bank linked to illegal transfers worth 13.8 billion yuan (~$1.9 billion). Authorities detected several illegal currency exchanges involving unauthorized conversions worth nearly 2 billion yuan and transactions worth over 1 billion yuan.
In contrast, #Chinese citizens are still thought to be interested in digital assets. Many people are using crypto as an alternative investment tool in an environment of falling real estate prices, while others are using crypto as a channel to bypass foreign transfer limits.
Chengyi Ong, head of #APAC policy at Chainalysis Inc., stated in a statement that there is still a significant amount of crypto activity going on in China. According to Ong, this may be caused by not strictly enforcing the ban. Still, the decentralized and peer-to-peer nature of crypto activities may be one of the contributing factors.
Recent discoveries by Chinese authorities highlight the difficulties of enforcing a nationwide crypto ban. Despite government efforts, significant crypto activity continues, driven by underground banks and illegal exchanges. The massive influx of crypto into China demonstrates the continued interest and participation of Chinese citizens in digital assets. Going forward, the effectiveness of the ban will likely depend on implementing stricter enforcement and addressing the root causes of crypto use.
$BTC
Recent developments in #ChinaDrama show that cryptocurrencies continue to be used despite the government's current ban. Many raids by Chinese police have revealed the use of cryptocurrencies for illegal transactions worth billions of dollars.
A #Bloomberg report revealed that in May, police in China uncovered an underground bank linked to illegal transfers worth 13.8 billion yuan (~$1.9 billion). Authorities detected several illegal currency exchanges involving unauthorized conversions worth nearly 2 billion yuan and transactions worth over 1 billion yuan.
In contrast, #Chinese citizens are still thought to be interested in digital assets. Many people are using crypto as an alternative investment tool in an environment of falling real estate prices, while others are using crypto as a channel to bypass foreign transfer limits.
Chengyi Ong, head of #APAC policy at Chainalysis Inc., stated in a statement that there is still a significant amount of crypto activity going on in China. According to Ong, this may be caused by not strictly enforcing the ban. Still, the decentralized and peer-to-peer nature of crypto activities may be one of the contributing factors.
Recent discoveries by Chinese authorities highlight the difficulties of enforcing a nationwide crypto ban. Despite government efforts, significant crypto activity continues, driven by underground banks and illegal exchanges. The massive influx of crypto into China demonstrates the continued interest and participation of Chinese citizens in digital assets. Going forward, the effectiveness of the ban will likely depend on implementing stricter enforcement and addressing the root causes of crypto use.
$BTC
#Bitcoin breaks $66K as it records its best September in history🔥🔥
$BTC
Bitcoin surged to $66k today, setting a fresh two-month high and marking its best performance ever in September. This rally comes as global economic factors and institutional demand combine to drive the token price upward.
Bitcoin’s price increase mirrors the sharp rise in #Chinese stocks, fueled by China’s recent economic stimulus measures. The Shanghai Composite Index recorded its best week since 2008, thanks to the stimulus, which also boosted BTC by 3% week-to-date.
“This feels frighteningly familiar,” commented trading resource The Kobeissi Letter on the sudden market rise.
In the US, the FED’s recent 50-basis-point rate cut, announced on September 18, provided further momentum. The S&P 500 has set repeated all-time highs following the announcement, while the Personal Consumption Expenditures (PCE) Index print for August met market expectations.
The next Fed meeting in November could see another rate cut, with the odds of a 50-basis-point cut standing at 52% according to the CME Group’s FedWatch Tool, further fueling market optimism.
#write2earn
$BTC
Bitcoin surged to $66k today, setting a fresh two-month high and marking its best performance ever in September. This rally comes as global economic factors and institutional demand combine to drive the token price upward.
Bitcoin’s price increase mirrors the sharp rise in #Chinese stocks, fueled by China’s recent economic stimulus measures. The Shanghai Composite Index recorded its best week since 2008, thanks to the stimulus, which also boosted BTC by 3% week-to-date.
“This feels frighteningly familiar,” commented trading resource The Kobeissi Letter on the sudden market rise.
In the US, the FED’s recent 50-basis-point rate cut, announced on September 18, provided further momentum. The S&P 500 has set repeated all-time highs following the announcement, while the Personal Consumption Expenditures (PCE) Index print for August met market expectations.
The next Fed meeting in November could see another rate cut, with the odds of a 50-basis-point cut standing at 52% according to the CME Group’s FedWatch Tool, further fueling market optimism.
#write2earn
#Bitcoin❗ Price Target Rises to $78K Following #Chinese Stimulus!📈
Bitcoin is gearing up for a breakout towards $78,000, fueled by technical indicators and China's recent economic stimulus package.🇨🇳
On September 24, the People's Bank of China (PBOC) announced a $140 billion #liquidity injection by cutting the reserve requirement ratio, aimed at revitalizing its struggling economy.💰
🔍 Analyst Jamie Coutts from Real Vision believes this stimulus will positively impact #bitcoin☀️ , as central bank liquidity typically boosts demand for cryptocurrencies.
👀 Historically, such announcements have led to significant rallies in risk assets like Bitcoin, with prices doubling after past stimulus measures. 🚀
#BinanceLaunchpoolHMSTR
Bitcoin is gearing up for a breakout towards $78,000, fueled by technical indicators and China's recent economic stimulus package.🇨🇳
On September 24, the People's Bank of China (PBOC) announced a $140 billion #liquidity injection by cutting the reserve requirement ratio, aimed at revitalizing its struggling economy.💰
🔍 Analyst Jamie Coutts from Real Vision believes this stimulus will positively impact #bitcoin☀️ , as central bank liquidity typically boosts demand for cryptocurrencies.
👀 Historically, such announcements have led to significant rallies in risk assets like Bitcoin, with prices doubling after past stimulus measures. 🚀
#BinanceLaunchpoolHMSTR
BYD Surpasses 6 Million Electric Vehicles Milestone. 🚘⚡⛽
BYD, the Chinese automotive giant, has achieved a groundbreaking milestone by producing an impressive 6 million electric vehicles. This accomplishment solidifies BYD's position as a leader in the electric car market.
In 2022, BYD made a strategic move by transitioning away from internal combustion engines, focusing entirely on electric vehicles. This decision has proven to be a key factor in their success.
BYD has taken the lead in electric vehicle patents, boasting an impressive 13,000 applications. Notably, approximately half of these patents are centered around the company's advancements in battery technologies, showcasing their commitment to pushing the boundaries of electric vehicle technology.
While Tesla, a major competitor, achieved the 5 million milestone in September 2023 and aims for 6 million in early 2024, BYD has already surpassed this mark. The competition between these giants is shaping the future of electric cars.
BYD's emphasis on battery technologies is evident in its patents, safeguarding their advancements in battery packs. This focus is crucial for the continued improvement and adoption of electric vehicles.
In contrast, Tesla places a strong emphasis on software and connectivity in its patents, highlighting the significance of its vehicles' software infrastructure. This reflects the different approaches each company takes in driving innovation.
BYD has recently made headlines with a colossal electric vehicle charging station in Shenzen, China, established in partnership with Shell. This station boasts 258 fast-charging points, making it the "world's largest." Equipped with solar panels on the roof, it produces up to 300,000 kilowatt hours of electricity, showcasing BYD's commitment to sustainable infrastructure.
#BYD #China #Chinese #Tesla #ElectricCar
BYD, the Chinese automotive giant, has achieved a groundbreaking milestone by producing an impressive 6 million electric vehicles. This accomplishment solidifies BYD's position as a leader in the electric car market.
In 2022, BYD made a strategic move by transitioning away from internal combustion engines, focusing entirely on electric vehicles. This decision has proven to be a key factor in their success.
BYD has taken the lead in electric vehicle patents, boasting an impressive 13,000 applications. Notably, approximately half of these patents are centered around the company's advancements in battery technologies, showcasing their commitment to pushing the boundaries of electric vehicle technology.
While Tesla, a major competitor, achieved the 5 million milestone in September 2023 and aims for 6 million in early 2024, BYD has already surpassed this mark. The competition between these giants is shaping the future of electric cars.
BYD's emphasis on battery technologies is evident in its patents, safeguarding their advancements in battery packs. This focus is crucial for the continued improvement and adoption of electric vehicles.
In contrast, Tesla places a strong emphasis on software and connectivity in its patents, highlighting the significance of its vehicles' software infrastructure. This reflects the different approaches each company takes in driving innovation.
BYD has recently made headlines with a colossal electric vehicle charging station in Shenzen, China, established in partnership with Shell. This station boasts 258 fast-charging points, making it the "world's largest." Equipped with solar panels on the roof, it produces up to 300,000 kilowatt hours of electricity, showcasing BYD's commitment to sustainable infrastructure.
#BYD #China #Chinese #Tesla #ElectricCar
Top 10 Undervalued Chinese Coins to Watch Before the 2024 Bull Run
Unlocking China's Crypto GemsIn the fast-evolving world of cryptocurrencies, China has emerged as a significant player. As of September 24, 2023, here's a curated list of the top 10 Chinese cryptocurrencies poised for potential growth in the upcoming year, along with their current prices and intriguing use cases.1. NEO (NEO) - $7.40: Pioneering dApps and Smart Contracts in the East and BeyondNEO, often dubbed "Ethereum of China," has established itself as a robust smart contract platform. Beyond China's borders, NEO has gained traction as a powerful ecosystem for decentralized applications (dApps). As dApps continue to shape the future of blockchain, NEO is well-positioned for growth.2. VeChain (VET) - $0.01698108: Revolutionizing Global Supply Chains with BlockchainVeChain's blockchain-based supply chain management platform has garnered attention from major companies, including Walmart China and BMW. With the potential to revolutionize global supply chains, VeChain is a coin to watch as international trade continues to evolve.3. Conflux (CFX) - $0.124945: China's Social Media Revolution: Fueled by ConfluxConflux, a scalable and secure layer 1 protocol, is uniquely targeting the Chinese social media market. Partnered with major Chinese social media companies, Conflux is poised to become the go-to blockchain for social media in China, opening doors to a new era of decentralized applications.4. Huobi Token (HT) - $2.46: Fueling the Crypto Exchange GiantHuobi, one of the world's largest cryptocurrency exchanges, is powered by the Huobi Token (HT). Holding HT offers numerous benefits, including fee discounts and exclusive features. With the crypto market's continued growth, HT remains an asset with potential.5. Filecoin (FIL) - $3.23: Secure Your Data: The Filecoin WayFilecoin's decentralized cloud storage platform, powered by blockchain technology, offers enhanced security, privacy, and cost-efficiency compared to traditional cloud storage solutions. As the demand for cloud storage services soars, Filecoin's potential shines.6. Ontology (ONT) - $0.174252: Identity and Data Management RedefinedOntology's blockchain platform focuses on decentralized identity and data management solutions, targeting various industries, including healthcare and finance. In an increasingly digital economy, Ontology's innovation is set to reshape how we manage identity and data.7. NeoGas (GAS) - $2.42: The Power Behind NEO's Smart ContractsGAS is the essential token for the NEO platform, used for transaction fees and smart contract deployment. With NEO's expanding ecosystem, GAS holds promise as the fuel driving smart contracts in China and beyond.8. Zilliqa (ZIL) - $0.01741957: Where Speed Meets SecurityZilliqa is a high-performance blockchain platform designed for scalability and security. Its applications span gaming, finance, and healthcare, with the potential to transform industries by combining speed and security.9. Theta (THETA) - $0.636873: Streaming the Future of EntertainmentTheta, a blockchain-based video streaming platform, offers an efficient and decentralized approach to video content streaming. With the increasing demand for video streaming services, Theta's potential extends to powering various decentralized applications.10. Nervos Network (CKB) - $0.00270515: Unleashing China's Blockchain PotentialNervos Network, a layer 1 blockchain platform, targets the Chinese market with partnerships with major Chinese companies. Its potential applications include smart contracts and decentralized applications, positioning it as a key player in China's blockchain landscape.Key Takeaways:1. Diverse Opportunities: China's cryptocurrency landscape offers a diverse range of coins with unique use cases, from smart contracts to supply chain management.2. Global Impact: Several Chinese coins have the potential to make a global impact, revolutionizing industries beyond China's borders.3. Blockchain Innovation: These coins are at the forefront of blockchain innovation, addressing critical challenges in various sectors.4. Market Potential: As the crypto market continues to evolve, these undervalued Chinese coins are worth monitoring for potential growth before the 2024 bull run.Conclusion:China's cryptocurrency ecosystem is dynamic and filled with promising projects. The top 10 undervalued Chinese coins outlined in this article represent a spectrum of blockchain applications, from NEO's smart contracts to VeChain's supply chain solutions. With innovation driving these coins and their potential to impact global industries, they are well-positioned for growth in the crypto market. As we approach the 2024 bull run, these coins merit attention from investors seeking opportunities in the ever-expanding world of cryptocurrencies. However, it's essential to approach cryptocurrency investments with caution, conduct thorough research, and consult with financial experts to make informed decisions.Disclaimer For information only. Cryptocurrency is risky. Do research and consult an advisor. Past performance doesn't predict future results. Follow local laws. We're not responsible for accuracy or outcomes.#crypto2023 #Binance #Chinese #crypto #cryptocurrency
#Chinese stocks are pumping , and cryto is about to pump stay tuned and invest wisely to make money