China Financial News

14.06 / 00:47

BTC Binance SEC CEO Fighting coinbase Bitcoin regulatory Blockstream CEO Adam Back: Bitcoin's Antifragility Will Prevail Amid Regulatory Pressures

Despite the US Securities and Exchange Commission (SEC)’s crackdown against the biggest companies in crypto, one Bitcoin diehard isn't breaking a sweat.

13.06 / 22:23

Blockchain Binance Progressive SEC Platform coinbase Decentraland Animoca Brands to Focus on Markets Outside U.S. after SEC Labels Sand Cryptocurrency an Unregistered Security

According to a report by South China Morning Post (SCMP), Hong Kong-based blockchain giant, Animoca Brands, has announced its plans to shift its focus to markets outside the U.S. This strategic move comes in the wake of the U.S. Securities and Exchange Commission's (SEC) decision to label the firm’s Sand cryptocurrency token as an unregistered security, amid recent lawsuits against major crypto exchanges Binance and Coinbase Global.

13.06 / 21:16

business Blockchain Crypto yield platform Haru suspends transfers after investigation

On June 13, South Korean yield platform Haru Invest announced that it would be suspending deposits and withdrawals effectively immediately. "First of all, the company sincerely apologizes that its latest announcement has caused concerns to our valued investors and customers," Haru said, claiming that "certain information provided by a consignment operator was suspected to be false" during an "internal inspection process," thus leading to the transfer halt.

13.06 / 06:37

Digital Citizens Platform Chinese Police Warn of a Rise in Digital Yuan-themed Scams

Chinese police have warned there has been an increase in digital yuan-themed scams, as the nation’s CBDC rollout gathers pace.

13.06 / 01:59

UPS Citi Target Digital Citizens China Hopes Hard Wallets Will Spur Digital Yuan Adoption – CBDC Focuses on ‘Elderly & Children’

A Chinese city says it is rolling out offline digital yuan “hard wallets,” with the nation targeting CBDC uptake among “elderly citizens and children.”

12.06 / 20:31

CBDC Adoption retail retail CBDC Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.

12.06 / 19:27

business Blockchain Tokens Bank of China issues $28M in digital structured notes on Ethereum blockchain

On June 12, Bank of China's investment bank subsidiary BOCI announced the issuance of 200 million Chinese Yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain. The move makes the BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. Investment banking company UBS helped originate the product for placement to its client in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, commented:

12.06 / 12:15

NASDAQ CEO JPMorgan Oracle Illumina Stocks making the biggest moves before the bell: Nasdaq, Illumina, Oracle, Carnival & more

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12.06 / 01:23

UPS Lowe's UBS Nikkei recovery Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows

China's lackluster economic recovery since emerging from strict «zero-Covid» lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors.

12.06 / 01:23

Booking SUN Platform Strategy ByteDance recovery What one key business indicator is saying about China's consumer recovery

BEIJING — Businesses in China are spending cautiously on advertising this year as local consumption isn't expected to bounce back for a while yet.

11.06 / 12:33

Provident BTC MET Digital CoinMarketCap Bitcoin Bitcoin Price Prediction as the Crypto Markets See Huge Selling Volume Coming In – Where is the BTC Bottom?

Amidst the Crypto Markets' huge selling volume, Bitcoin's position has been questioned.

10.06 / 06:41

UPS Provident Digital Enterprise PwC BAY Future Standard Shaping the Future of Banking: Standard Chartered and PwC China Release White Paper on Central Bank Digital Currency"

Standard Chartered, in collaboration with PwC China, have co-published a comprehensive white paper detailing the potential advancements in the future of banking, courtesy of Central Bank Digital Currency (CBDC). This report highlights the benefits that CBDCs could offer in retail sectors, international trade, and supply chain finance, as well as their potential to enhance customer loyalty programs and provide innovative supply chain financial solutions.

10.06 / 02:59

Citi Provident Digital Platform Mobile Charities Chinese Charities Accepting Digital Yuan Donations – More CBDC Firsts to Come?

Chinese charities are now accepting digital yuan donations, with the nation’s CBDC also breaking new ground in the world of corporate loans.

09.06 / 16:57

Binance Citizens SEC CEO Platform SEC Pursues 'Alternative Means' to Serve Legal Documents to Binance CEO

The U.S. Securities and Exchange Commission (SEC) is looking for other ways to serve legal papers to Binance and its CEO, Changpeng Zhao (CZ), whose location is often hard to track down.

09.06 / 05:17

UPS Manufacturing UBS NVIDIA Micron China can't rely on Southeast Asian exports to offset a U.S. slowdown

BEIJING — China can't easily rely on its neighbors as export markets in a global slowdown, the latest trade data show.

08.06 / 21:57

markets SEC economy ECB Bitcoin recovery NOT Bitcoin price races toward $27K, but a swift recovery is not confirmed by market data

Bitcoin might have displayed strength by quickly recovering from the $25,500 support level on June 6, but that doesn’t mean that breaking above $27,500 will be an easy task.

08.06 / 15:49

markets Asia Bitcoin US Bitcoin supply fell over 10% in the past year — Glassnode

Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.

08.06 / 15:17

Market Distortion Caused by Regulation- Disparity in Token Prices in Centralized vs. Decentralized Exchange

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

08.06 / 12:41

UPS Provident Reuters Adobe Matthews GameStop T-Mobile Stocks making the biggest premarket moves: GameStop, Wynn Resorts, Lucid, Adobe & more

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08.06 / 08:41

Facebook Twitter regulation Europe European Union Instagram EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

The largest European consumer rights group alleges crypto marketers in popular social networks the misleading promotion and thus exposing consumers to serious harm. A certain complaint was filed with the European Commission.

08.06 / 08:19

Citi Cooper Platform Strategy HSBC Financial UAE Central Bank and Hong Kong Monetary Authority Bolster Financial Ties

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting on May 29, intending to amplify cooperation in the financial services arena between the two regions.

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