China Financial News

31.05 / 19:55

business Blockchain defi Multichain Multichain team cannot locate CEO, halts service for affected chains

Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China amid ongoing technical issues.

31.05 / 18:59

regulation Virtual assets Hong Kong Virtual Assets Consortium launched with Huobi as first member

Huobi has become the first member of the Hong Kong Virtual Assets Consortium (HKVAC), the Seychelles-based cryptocurrency exchange announced on May 31. The new organization promises to provide a ratings service and indexes when it is fully launched.

31.05 / 18:59

Blockchain Tether TRON record high TRC-20 USDT circulation hits record high 5 years after Tron mainnet launch

On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet.

31.05 / 17:11

Software Enterprise NVIDIA Intel Micron Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more

In this article

31.05 / 15:23

UPS Provident Digital HSBC Hong Kong and UAE Central Banks Join Forces on Crypto Regulations

Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.

31.05 / 15:23

Blockchain Binance Tether Police Reserve Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank of India Deputy Governor Recommends All Banks Adopt Blockchain & AI

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

31.05 / 14:15

Arrest Reserve Trust Reserve Stablecoin Team Detained in China: PANews

A Trust Reserve stablecoin team was detained by police in China on May 29, according to PANews.

31.05 / 13:17

CEO FTX Department Fried Sam The U.S. Justice Department Awaits Bahamas Response Regarding New Charges Against Sam Bankman-Fried

The US Justice Department (DOJ) may drop some of the charges against the disgraced former FTX CEO Sam Bankman-Fried if authorities in the Bahamas objects to them.

31.05 / 12:55

business regulation security ChatGPT National Warning Chinese officials issue warning about AI and national security

Officials in China have warned about the risks posed by the rapid advancement of artificial intelligence (AI) development and subsequently called for tighter measures on national security.

31.05 / 12:34

UBS Immunic Financial ECB's de Guindos warns financial markets are vulnerable to a sharp sell-off

Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central Bank Vice-President Luis de Guindos told CNBC on Wednesday.

31.05 / 10:03

Stablecoin regulation Altcoin Police investigation CNHC stablecoin issuer detained by Chinese police: Report

The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer.

31.05 / 08:25

Reuters CEO JPMorgan Remark Chase controversy Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for «real engagement» between policymakers in Washington and Beijing, as Sino-U.S. relations continue to fray.

31.05 / 04:11

CBDC SEC coinbase lawmakers US lawmakers regulatory Coinbase CEO Criticizes US Lawmakers, Regulators Over Regulatory Approach, Warns of Upcoming Innovation in China

Coinbase CEO Brian Armstrong criticized US lawmakers and regulators over their approach to bringing “regulatory clarity” to cryptocurrency and warned that innovation is moving offshore.

31.05 / 03:41

business SEC coinbase Supply Chain U.S. China to gain most from restrictive US crypto regulations: Coinbase CEO

“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong.

31.05 / 01:55

COST UPS VISA Gap Airlines end Very few U.S.-China flights are back despite the end of Covid

BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according to a Nomura report.

31.05 / 01:13

Citi Booking Tesla NVIDIA Fitch Moodys Micron Warning New warning signs emerge for China's property market

BEIJING — New data show China's massive property sector is still struggling to turn around, despite signs of recovery earlier this year.

30.05 / 20:31

business Fraud crimes Cybercrime FTX Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say

United States prosecutors will drop some of the charges against former FTX CEO Sam Bankman-Fried if the Bahamas government objects to them, according to a document filed on May 29 in the U.S. District Court for the Southern District of New York.

30.05 / 17:03

UPS Reuters coinbase Tesla NVIDIA Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more

Check out the companies making headlines in midday trading.

30.05 / 15:13

Blockchain Ethereum Europe Legal digital euro CoinEx reports National Today in Crypto: Key App Reveals Bridge Connecting Solana & Ethereum, ECB Publishes Two Reports on Digital Euro, Russia Abandons National Crypto Exchange Plans, CoinEx Launches BitHK

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

30.05 / 13:27

Adoption regulation NOT Hong Kong's Crypto Hub Ambitions May Not Last Warns Chinese Crypto Pioneer

Hong Kong’s ambition to become a crypto hub may not be sustainable, according to a Chinese crypto veteran whose digital asset business in China was overturned by a regulatory crackdown.

30.05 / 12:51