Text size DiDi headquarters in Beijing. AFP via Getty Images Chinese technology stocks stumbled Tuesday in Hong Kong amid tighter regulations from Beijing on the country’s livestreaming sector, and on...
Tag: Crackdown
Netflix warns password sharing crackdown is coming
Reed Hastings, CEO of Netflix, attends a press conference in Mexico City, Mexico. Hector Vivas | Getty Images Today could be a dark day for your ex-boyfriend’s brother. Netflix, the world’...
China’s ‘Zero-Covid’ Crackdown Threatens Global Economy
Chinese President Xi Jinping attends the 16th G20 Leaders’ Summit via video link in Beijing, capital of China, Oct. 31, 2021. Yue Yuewei/Xinhua via Getty Images When Group of 20 officials meet t...
China Resumes Online Games Approval, Ending Eight-Month Hiatus
Pony Ma Huateng, chairman and chief executive officer of Tencent Holdings Ltd.(Photo by Visual China … [+] Group via Getty Images/Visual China Group via Getty Images) Visual China Group via Gett...
EU Voted In Favor Of A Crypto Wallet Crackdown, What’s Next?
Per a report from Patrick Hansen, developer at Unstoppable Finance, the European Union Parliament could be about to crackdown on crypto wallets and their users. This entity just approved a revision to...
Crackdown Against Cryptocurrency Ads Continue In The UK With The Threat Of Sanctions Hanging On The Air ⋆ ZyCrypto
Advertisement     The UK advertising watchdog has issued a red alert to cryptocurrency firms over their adverts. 50 firms are within the crosshairs of the regulator fo...
Federal Government’s Crackdown On Broadway Ticket Service Fees Not All It’s Cracked Up To Be
Rohit Chopra testifying during a Senate Commerce, Science, and Transportation Committee confirmation … [+] hearing on February 14, 2018. (Photo By Tom Williams/CQ Roll Call) CQ-Roll Call, Inc vi...
US DOJ Continues Crackdown On Crypto Criminals As It Charges Frosties NFT Creators For Fraud ⋆ ZyCrypto
Advertisement     Two young men have been charged with conspiracy to commit wire fraud and money laundering after allegedly ripping off Frosties NFT community. They fa...
Billionaire Pony Ma Vows Long-Term Growth For Tencent Amid China Tech Crackdown
Ma Huateng, chairman of Tencent Holdings Ltd.(Photo by Justin Chin/Bloomberg) © 2019 Bloomberg Finance LP Pony Ma, the billionaire co-founder of Chinese web giant Tencent, has vowed to reposition his ...
Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining – Mining Bitcoin News
Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the lat...
China’s Embattled Evergrande Says It Can’t Publish Annual Report On Time
A view of evergrande Center office building in Shanghai, China.(Photo credit should read Wang Gang / … [+] Costfoto/Future Publishing via Getty Images) Future Publishing via Getty Images China E...
Chinese Tech Giants Pull the Plug on NFTs to Wade Off Regulatory Crackdown
Known for the government’s broad-based crackdown on tech companies, China’s native tech companies, including WeChat from Tencent and WhaleTalk from Ant Group, have started changing their receptiveness...
Chinese Tech Giants Pulls the Plug on NFTs to Wade Off Regulatory Crackdown
Known for the government’s broad-based crackdown on tech companies, China’s native tech companies, including WeChat from Tencent and WhaleTalk from Ant Group, have started changing their receptiveness...
Alibaba Hikes Buybacks to $25 Billion as Crackdown Signals Ease
(Bloomberg) — Alibaba Group Holding Ltd. ramped up its share buyback program to $25 billion, expanding that arsenal for a second time in less than a year to stanch a $470 billion loss of value d...
Chinese Tech Giants Updates Rules to Curb NFT-Induced Crackdown
The move from the Chinese tech giants is a proactive approach to be on the good side with the regulators who have been seeing many reasons to crack down on the country’s technology outfits in recent m...
Chinese internet giants remove NFT platforms fearing gov’t crackdown
China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing gove...
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Chi...
Kazakhstan Crackdown On Illegal Mining Forces 106 Miners To Close Shop
The government of Kazakhstan has sanctioned 106 crypto mining farms for engaging in illicit crypto mining activities. Some ex-officials and Kazakhstan’s wealthiest businesses were found to be involved...
UK financial watchdog seeks crypto talent amid new crackdown
The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate th...
Chinese Education Sector Faces Testing Times Based On Fenbi’s Falling Valuation
Students preparing for the master’s entrance exam in Hainan. (Photo by Sheldon Cooper /SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Almost a yea...
DOJ Task Force ‘KleptoCapture’ to Target Crypto Exchanges in Sanctions Evasion Crackdown – Regulation Bitcoin News
A new task force set up by the U.S. Department of Justice (DOJ), KleptoCapture, will also target cryptocurrency exchanges. Financial institutions, banks, money transmission services, and crypto exchan...
Binance Resumes EUR & GBP Payments after Months of Regulatory Crackdown
Binance exchange has announced it will be resuming deposits and withdrawal services for Euro (EUR) and the British Pounds (GBP) months after it suspended the services for its users. The trading platfo...
Russian Banks Seeks Help from China’s UnionPay amid Crackdown from Mastercard & Visa
Following the service cut from American payment giants Mastercard and Visa, the Central Bank of Russia (CBR) has informed its citizens that credit and debit cards issued by these service providers wil...
BitConnet’s CEO Flees India After Crackdown Of $2.4 Billion Crypto Ponzi Scheme
The long-standing crypto fraud case against BitConnect, its founder, and promoters is yet to be resolved. The SEC has revealed that Satish Kumbhani, the founder of the crypto exchange, is nowhere to b...
US Warns Against Exchanges Facilitating Transactions For Russians Amid Crackdown
With the EU, US, and other countries imposing financial sanctions on Russia, there have been concerns that individuals and organizations in the country will resort to crypto to circumvent the restrict...
Is The Worst Over For China’s Internet Giants?
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Monday, Feb. … [+] 21, 2022. (Photo by Qilai Shen/Bloomberg) © 2022 Bloomberg Finance LP China’s largest i...
Neo users explain why they’ve held on to the project despite China’s heavy crypto crackdown
It’s been a wild ride for Neo investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations applicable to the project, which has been dubbed by...
China’s Bitcoin Crackdown Strengthens With Potential Fines, Jail Sentences
In brief China’s Supreme Court has issued a ruling that specifies penalties for offenders who use cryptocurrency to raise funds. Penalties range up to 10 years in prison and fines of up to 500,000 yua...
Alibaba Posts Lowest Growth on Record After China Crackdown
(Bloomberg) — Alibaba Group Holding Ltd. reported the slowest revenue growth since it went public, underscoring how China’s crackdown on its technology sector is taking a financial toll on the e...
Chinese Tech Stocks Drop to New Crackdown Lows, Led by Alibaba
(Bloomberg) — Chinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector. Most Read from Bloomberg The Hang Seng Tech Index ...
Tencent Leads China Tech Selloff Amid Fears of Further Crackdown
(Bloomberg) — Chinese technology shares had their worst two-day drop since July due to renewed fears Beijing may roll out more restrictions for private enterprise. Most Read from Bloomberg The c...
Crypto Proponents Rebuff Canadian Government for Crypto Crackdown During Ongoing Protests
Well-known cryptocurrency advocates worldwide have called out Canadian authorities for seizing millions in bitcoin and other digital currencies amid the ongoing protests against COVID-19 restrictions ...