China Financial News

04.04 / 19:25

Stablecoin Adoption PayPal fees Banks Central Bank credit cards PayPal and the credit card industry are taking advantage of consumers

More Americans are unable to pay their credit card bills in full at the end of the month, with 46% of credit cardholders carrying month-to-month debt, up from 39% in 2022. A recent report from the Federal Reserve Bank of New York highlighted how the current 15% year-to-year credit card balance increase represents the largest jump in more than 20 years.

04.04 / 13:45

Citi Digital Citizens Landmark Highways 310,000 Private Digital Yuan Wallets Opened in China’s Nanjing Since 2022 – Is the CBDC Taking Off?

Citizens in Nanjing, China, have opened more than 310,000 personal digital yuan wallets – with other cities in the nation also posting similar statistics.

04.04 / 13:25

UPS China’s Consumers Extend Economic Rebound From Pandemic

SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls.

04.04 / 13:25

Provident Banking Strains, Inflation Threaten Global Economic Rebound

Global economic growth rebounded modestly this month, although stubbornly high inflation and banking stresses weigh on the outlook.

04.04 / 13:03

Technology Adoption regulation Web3 censorship Midjourney AI users find workaround amid ban on Chinese President’s images

Midjourney, an artificial intelligence (AI) service that generates images from natural language descriptions, recently banned the making of pictures of Chinese President Xi Jinping, much to the dismay of its users. However, the ban has not deterred its users from finding a workaround by creating deepfakes of Xi, which are manipulated digital representations produced by sophisticated machine-learning techniques.

04.04 / 11:37

Provident Digital ETF crypto ETFs Institutional interest in crypto ETFs high, but no plans to buy: BBH Survey

The financial services firm Brown Brothers Harriman (BBH) released its 2023 Global ETF Investor Survey yesterday, revealing that institutional interest in cryptocurrencies hasn’t waned despite the market being 60% lower than its all-time highs.

04.04 / 10:37

Provident Digital Strategy UAE central bank selects technology and legal partners for CBDC project

The first phase of the strategy, which is expected to take place over the next 12 to 15 months, comprises three primary pillars. These include initiating real-value cross-border CBDC transactions for international trade settlement, proof-of-concept work for bilateral CBDC bridges with India, and finally, proof-of-concept work for domestic CBDC issuance covering wholesale and retail usage.

04.04 / 08:15

Provident NOT China’s Housing Market Has Plenty of Space but Not Enough Buyers

HONG KONG—China’s property market appears to have stabilized after a two-year downturn. But one problem continues to hold back its recovery: a major oversupply of unsold apartments.

04.04 / 05:21

UPS Citi Tesla China’s homebuyers are starting to come back

BEIJING — More people in China want to buy houses again, according to a first quarter survey released Monday by the People's Bank of China.

04.04 / 01:49

business Adoption ETF Europe crypto ETFs Institutions ‘extremely interested’ in crypto ETFs, but buying has cooled: Survey

Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs).

03.04 / 20:09

business Blockchain Technology Kucoin wallet Web3 Decentralization KuCoin Wallet spins off from KuCoin exchange, renames as Halo Wallet

Decentralized wallet KuCoin Wallet announced on Apr. 3 that it has rebranded as Halo Wallet and launched a new SocialFi ecosystem. According to the announcement, the newly independent Halo Wallet received a fresh round of financing from several investors, including KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners.

03.04 / 16:57

Citi Provident China’s Smaller Cities Struggle to Unload Empty Apartments

HONG KONG—China’s property market appears to have stabilized after a two-year downturn. But one problem continues to hold back its recovery: a major oversupply of unsold apartments.

03.04 / 15:09

Binance Digital regulation CEO coinbase BitMEX New Report: U.S. Crypto Crackdown Boosts Hong Kong's Ambitions in Digital Asset Market – Best Crypto Destination?

The ongoing regulatory crackdown on crypto in the US could boost Hong Kong in its bid to become a new hub for the crypto industry.

03.04 / 11:31

UPS China’s Consumers Extend Economic Rebound From Pandemic

03.04 / 11:31

Provident Banking Strains, Inflation Threaten Global Economic Rebound

Global economic growth rebounded modestly this month, although stubbornly high inflation and banking stresses weigh on the outlook.

03.04 / 11:31

In Croatia, U.S. Campaigned to Stop Chinese Bid on Key Port

RIJEKA, Croatia—On Rijeka’s waterfront, vast piles of scrap metal stretch for hundreds of yards, the byproduct of an ongoing construction project to renovate the port in the northern Adriatic Sea.

03.04 / 09:35

Huobi stake Billionaire Crypto Mogul Justin Sun Denies Rumors on Huobi Exchange Stake Sell

Billionaire crypto entrepreneur Justin Sun has denied claims that he is considering divesting his stake in the global cryptocurrency exchange Huobi.

02.04 / 16:31

UPS China’s Consumers Extend Economic Rebound From Pandemic

02.04 / 14:25

Provident Banking Strains, Inflation Threaten Global Economic Rebound

Global economic growth rebounded modestly this month, although stubbornly high inflation and banking stresses weigh on the outlook.

02.04 / 13:23

Dogecoin Provident Twitter coinbase Reddit Bitcoin Doge Dogecoin (DOGE) Price Prediction 2025-2030: DOGE sees 6% rise, extreme fear, and more

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

02.04 / 05:47

business Law Binance CFTC regulation security Court CZ, Binance, influencers face $1B lawsuit for unregistered securities promo

Just five days after Binance and its CEO Changpeng ‘CZ’ Zhao got sued by the United States Commodity Futures Trading Commission (CFTC) for alleged trading violations, a new $1 billion lawsuit was filed against the crypto exchange, CZ, and three crypto influencers for promoting unregistered securities.

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