Chinese courts have sentenced five Sifang payment platform operators to between three and six years in prison over a gambling network that processed more than 2.95 billion yuan, or about $428 million, through USDT, bank cards and third-party payment accounts.…

ICBC has completed China’s first digital yuan cross-border payment with Singapore through the newly upgraded Digital Currency Express platform, settling nearly 10 million yuan in import shipping fees with same-day fund delivery. According to Mobile Payment Network, the transaction was…

The White House has accused Moonshot AI of secretly using Anthropic’s technology to develop Kimi K3, days after the Chinese model took first place on the Frontend Code Arena. Michael Kratsios, director of the White House Office of Science and…