China News Official TheBitTimes.com

Explore the transformative 15-year journey of Bitcoin, from its humble beginnings in a nine-page whitepaper to its current state as a billion-dollar asset class, as we delve into key milestones, technological advancements, and what the future holds. Although Bitcoin’s official birthday is often celebrated on Jan. 3, when the token was first launched, it was actually 15 years ago today that Bitcoin’s journey started from a nine-page white paper . By all means, 2008 was not a year to remember for most individuals. A historic recession, crippling natural disasters, war, and so much more. As some would argue, the only positive to come from the year of the “great depression” was Bitcoin. Of course, nobody had realized its revolutionary potential just yet. Satoshi Nakamoto’s Bitcoin white paper laid the foundation for a financial transformation that significantly changed the face of digital finances today. From trading at less than a dollar to reaching nearly $70,000 in value,...

Two weeks earlier, FTX’s $500 million investment in Anthropic in 2022 was said to be a game-changer for creditors. Now its rival, OpenAI, responsible for ChatGPT, received a valuation of $86 billion. A valuation higher than Stripe The team at the artificial intelligence startup responsible for ChatGPT is in the midst of negotiations regarding a transaction, commonly referred to as a tender offer, with potential investors, according to individuals familiar with the matter. The company has not yet finalized the allotments, and it’s possible that the terms may still change, as indicated by some of these sources. Open AI, FTX's Anthropic competitor, in talks to sell shares at a $86bn valuation pic.twitter.com/idsMS25AJY — Sunil (FTX Creditor Champion) (@sunil_trades) October 19, 2023 OpenAI, which has a 49 percent ownership stake held by Microsoft Corp., is under the leadership of CEO Sam Altman and President Greg Brockman.  You might also like: SBF tr...

China’s central bank governor Yi Gang says $250 billion were transferred via digital yuan since its pilot start 18 months ago. The conference held in Singapore on July 19 shed light on the progress of the country’s central bank digital currency (CBDC), which has seen transactions totaling 1.8 trillion yuan by the end of June. MAS is honoured to have Dr Yi Gang, President of China Society for Finance and Banking as the speaker for the MAS Lecture 2023. Dr Yi spoke on “CBDC from China’s perspective”. Find out more here: https://t.co/UbikjgQhRn pic.twitter.com/UuQwOQe8n0 — MAS (@MAS_sg) July 19, 2023 The digital yuan’s rollout began in January 2022. It has garnered significant interest, with approximately 120 million wallets used for roughly 950 million transactions. On average, each transaction amounts to about $260. You might also like: Hong Kong launches pilot CBDC program Despite the enormous transaction volume, the digital yuan’s adopt...