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China’s Leading Blockchain Advocate Faces Investigation

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Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.”

The Background Of Blockchain Advocacy And The Current Crackdown

Qian, known for his pivotal role in developing China’s Central Bank Digital Currency (CBDC), has been a leading voice in the country’s blockchain initiative.

Qian’s efforts were instrumental in the conceptualization and rollout of the digital yuan, positioning China at the forefront of digital currency technology on a global stage.

The investigation, led by the Discipline Inspection and Supervision Team of the Central Commission for Discipline Inspection and the National Supervision Commission at the China Securities Regulatory Commission, has stirred concerns within the blockchain community.

Yao Qian’s contributions to the Chinese financial technology landscape have been noteworthy, serving in various high-profile government roles, including Director of the Science and Technology Supervision Department and the Information Center of the China Securities Regulatory Commission.

Yao Qian has also been a ‘staunch’ advocate for blockchain and digital currencies, arguing for issuing a state-owned digital currency as early as 2017 to enhance the market position of China’s local currency.

Wu Blockchain said, “He was the creator of China’s CBDC and served as the director of the central bank’s digital currency research institute.” However, Qian is now scrutinized by the same government, which is pushing for technological advancements.

The specifics of the allegations against Qian remain “vague,” with authorities citing “serious violations of discipline and law” without providing further details. The report particularly noted:

Yao Qian, Director of the Science and Technology Supervision Department and Director of the Information Center of the China Securities Regulatory Commission, is suspected of serious violations of discipline and law and is currently under investigation by the Central Committee.

Broader Implications For Blockchain And Crypto In China

Despite the ongoing investigation into one of its key proponents, the blockchain sector in China continues to see interest and development, particularly in areas not directly related to cryptocurrencies.

For instance, at a recent annual gathering of China’s political and industry leaders in Beijing, proposals were made to accelerate the development of blockchain technology to enhance government services, supply chains, and trade.

These developments indicate that while the country may be skeptical about cryptocurrencies, it recognizes the broader applications of blockchain technology.

Furthermore, China’s financial giants, like Harvest Fund and Southern Fund, are venturing into the international cryptocurrency space with applications to launch a new spot Bitcoin ETF through their Hong Kong subsidiaries.

This move is indicative of a nuanced approach to blockchain and digital assets, suggesting a potential softening of stance or at least an acknowledgment of the financial opportunities these technologies present on a global scale.

The global digital currency market cap value on TradingView amid Blockchain news
The global crypto market cap value on the 1-day chart. Source: Crypto TOTAL Market Cap on TradingView.com

Featured image from Unsplash, Chart from TradingView



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Blockchain Forum 2025: Global crypto leaders to meet in Moscow

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The countdown is on for the highly anticipated 14th Blockchain Forum, set to take place in the heart of Moscow on April 23-24, 2025.

As the CIS market continues to solidify its global role in the cryptocurrency industry, this year’s forum is expected to attract over 15,000 participants, featuring some of the most influential names in Web3, cryptocurrency, and mining from more than 130 countries.

The last event in Dubai generated significant buzz ahead of the bull run, bringing together industry leaders from Tether, TRON, Ledger, Trust Wallet, Tezos, Binance, TON, OKX, Ripple, Bitmain, Bybit, Animoca Brands, Circle, BingX, ICP, Kraken, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, VeChain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, and Delysium.

As always, attendees can look forward to exclusive insights from market leaders, behind-the-scenes discussions, and countless networking opportunities. Founders and top executives from major companies will unveil strategies for capitalizing on current seasonal trends.

Simultaneous translation of all presentations of worldwide stars into English will be provided free of charge.

In addition, industry giants and opinion leaders will converge at the forum, vying for prestigious accolades at the Blockchain Life Awards, which will celebrate its 12th edition this year. This presents a unique opportunity to encounter CEOs of major exchanges and founders of renowned projects just on their way to the main stage, making exclusive connections more accessible than ever. Don’t miss your chance for invaluable networking opportunities!

The presale is in full swing — secure your tickets now, as prices are expected to increase dramatically as the forum date approaches. We’ll see you there.

Enjoy a 10% discount using the promo code COINJOURNAL at https://blockchain.forum/en



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Cardano Founder Reveals How Meta, Google, & Apple Can Replace L1 Networks

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Cardano founder Charles Hoskinson has explained how the top tech companies Meta, Google, Apple, Microsoft, and Amazon could replace Layer-1 networks. According to him, these companies could easily establish their blockchain infrastructure once they achieve regulatory clarity.

Cardano Founder Reveals How Tech Companies Can Replace L1s

While speaking on an X space, Cardano founder Charles Hoskinson explained that tech companies like Meta, Google, Apple, Microsoft, and Amazon could become competitors to top Layer-1 projects once the stablecoin bill passes. Hoskinson suggested that these tech companies could move to establish their blockchain infrastructure once there is regulatory clarity in the country.

He gave an example of these companies issuing their stablecoins or partnering with a company like Circle to achieve this. Hoskinson also highlighted Apple’s ‘Apple Pay’ and Google’s ‘Google Pay’ to show how these companies are in a good position to compete with these layer-1 networks.

The Cardano founder also noted that these companies are in a good position to overtake these networks since they already have billions of users and control the operating systems that run on phones. As such, he believes this would be the next wave of competition the crypto space will face.

Hoskinson added that he envisages these companies could go as far as creating their Layer-1 networks. He gave an instance of how Meta already tried to venture into the crypto space in the past but failed due to a lack of clear regulations. As such, there is the possibility that they could make such a move again once Congress passes pending crypto bills.

These Companies Won’t Pass Up The Opportunity

The Cardano founder noted that, based on his sources, the US Congress could pass the stablecoin bill in the next 100 days. He believes that companies like Meta, Google, Apple, Microsoft, and Apple will not pass up the opportunity to expand their operations into the crypto market when the bill passes.

He remarked that there is no way that layer-1 networks could compete with these companies since they have a larger network of users and the necessary licenses to expand their business into the crypto space. Hoskinson also highlighted the fact that these companies could easily block users’ access to these networks in a bid to win them over.

The Cardano founder said believes this is very possible since these companies, with their infrastructure, are already a gateway to accessing these Layer-1 networks. As part of the unfair practices that these companies could adopt, Hoskinson also raised the possibility of them deciding to stop running nodes for these networks, which could alter the operations of these Layer-1s.

Hoskinson also highlighted how these tech companies have the edge over L1s with their confidential computing. On the other hand, these blockchains operate within second-generation trust-execution environments which are less reliable.

Hoskinson’s bold statements come just days after he hinted at a potential partnership with Microsoft. This has sparked a bullish outlook for the ADA price, with projections that the crypto could rally to its current all-time high (ATH) of $3.10.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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TAO and Arbitrum investors rush to buy into 1Fuel presale before anticipated rally

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For years, Arbitrum and TAO have dominated the market as two of the best altcoins for investors.

However, after the recent sell-offs, many investors are shifting their attention to 1Fuel, a revolutionary newcomer that has already raised over $2 million via its ongoing presale.

Read on to discover why a growing number of analysts believe 1Fuel could be the best presale crypto at this moment and how it could outperform TAO and Arbitrum in the upcoming bull cycle.

TAO price enjoys upward momentum

Amid the ongoing crypto sell-offs, TAO (Bittensor) is experiencing a sharp 7% uptick on its 24-hour chart, leading analysts to anticipate further gains.

For context, the crypto market is currently undergoing a period of volatility driven by Trump’s latest tariff policies. 

However, the best altcoins, such as TAO and 1Fuel are defying expectations by displaying growth even in the broader bearish market conditions.

Today, TAO is exchanging for $391, representing 11% gains over the past week.

Arbitrum fights off extreme volatility

In the second week of February, the Arbitrum price is trading stagnantly, with a modest 0.2% intraday rise. 

Arbitrum initially benefited from the hype surrounding Trump’s potential pro-crypto policies, soaring to $0.82 in January. However, after the recent turn of events, Arbitrum, like many other altcoins, is trading bearishly. 

Today, the live Arbitrum price is $0.47, representing a 27% decline on its 14-day chart and 36% losses compared to last month.

Why do some analysts think 1Fuel might be the best presale crypto right now?

After the recent downturn, many investors are exploring the best altcoins that offer consistent yet exponential growth over the long term. This search leads many of them to 1Fuel.

At its core, 1Fuel offers interoperability, allowing users to make secure one-click crypto transactions.

Unlike any ordinary crypto wallet, with 1Fuel you can forget about multiple wallets and excessive network fees. Just select the crypto you want to use for trading, specify the token you want to own (no matter the network), and then relax and focus on your goals, as 1Fuel takes care of the rest.

Additionally, 1Fuel is currently in its presale phase, selling nearly $2.1 million OFT tokens. With a low entry price of $0.018, 1Fuel’s Stage 4 presale offers early adopters the chance to make huge profits on a small investment when 1Fuel hits tier-1 exchanges such as Binance and Bybit. 

Conclusion

Arbitrum and TAO are undoubtedly two of the best altcoins for traders. However, 1Fuel emerges as a formidable competitor, helping affected investors recoup losses through its low presale entry and focus on innovation-driven growth.

Whether you’re a seasoned investor or a rookie, the 1Fuel presale deserves your attention.

Find out more here:

Website: https://1fuel.io/

Telegram: https://t.me/Portal_1Fuel

Twitter / X: https://x.com/1Fuel_



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