China Financial News
24.03 / 02:03
23.03 / 16:37
Exodus
China’s Economic Lifeline to Russia Gives Beijing Upper Hand
Chinese President Xi Jinping’s visit to Moscow—and the flurry of trade, energy and infrastructure deals discussed during his trip—has laid bare an increasingly uncomfortable truth for Moscow: In a relationship the Kremlin has long treated with the utmost caution, China is gaining the upper hand.
23.03 / 11:21
Power
China Is Starting to Act Like a Global Power
BEIJING—China now sees itself as a global power—and it is starting to act like one.
23.03 / 09:49
business
Blockchain
Adoption
regulation
Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend
Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub.
23.03 / 08:09
22.03 / 22:15
Power
China Is Starting to Act Like a Global Power
BEIJING—China now sees itself as a global power—and it is starting to act like one.
22.03 / 21:29
22.03 / 20:45
Ethereum
Kucoin
Digital
litecoin
Action
Bitcoin
services
OKX to Halt Services in Canada Due to New Regulations
OKX is a cryptocurrency exchange that was launched in China in 2017 and facilitates trading in a number of different digital assets. Bitcoin, Ethereum, and Litecoin are some of the cryptocurrencies that are included in this category. As a result of the fact that its daily trading volume is more than $2 billion, it is regarded as being one of the most significant cryptocurrency exchanges in the whole world.
22.03 / 15:11
CBDC
Chinese Employees Pay Social Insurance Fees, Taxes with Digital Yuan – Is CBDC Adoption on the Rise?
A growing number of Chinese employees and firms can now use the nation’s Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and taxes.
22.03 / 14:53
Blockchain
Ethereum
Lowe's
Pool
DeFi insurance claims amounted to $34.4 million in 2022: Report
Decentralized finance (DeFi) analytics firm OpenCover released a report on 22 March, revealing that DeFi insurance companies paid out $34.4 million in claims in 2022.
22.03 / 14:47
Manufacturing
Chip Makers Find Out How to Get 25% Investment Tax Credit
WASHINGTON—The Biden administration moved to implement a new 25% investment tax credit for U.S.-based semiconductor manufacturing and proposed restrictions that would make it difficult for companies to expand China operations if they receive certain federal funds.
21.03 / 23:19
Government
Law
regulation
lawmaker
resolution
Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers
Cody Harris, a member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state.
21.03 / 19:53
Manufacturing
Chip Makers Find Out How to Get 25% Investment Tax Credit
WASHINGTON—The Biden administration moved to implement a new 25% investment tax credit for U.S.-based semiconductor manufacturing and proposed restrictions that would make it difficult for companies to expand China operations if they receive certain federal funds.
21.03 / 18:31
Blockchain
Technology
defi
Insurance
Terra Luna
DeFi insurance payouts amounted to $34.4M in 2022: Report
According to a Mar. 21 report published by decentralized finance analytics firm OpenCover, DeFi insurance companies paid out $34.4 million in claims in 2022. In context, only $36.9 million of such claims have been paid out since OpenCover began tracking the data. Notable payouts include $22.5 million during the collapse of the Terra Luna ecosystem in May 2022 and $4.7 million from the collapse of crypto exchange FTX in November 2022.
21.03 / 11:31
Provident
Digital
Citizens
Florida CBDC ban: Governor cites ‘reckless adoption’ of digital dollar
Florida Governor Ron DeSantis, a potential presidential candidate in 2024, has called for a state-wide ban on central bank digital currency (CBDC). He opined that the Biden administration’s CBDC push is about surveillance and control.
20.03 / 23:03
Blockchain
Provident
BTC
BLOCK
Binance
Digital
Bitcoin
week
Cryptocurrencies To Watch: Week of March 20
The cryptocurrency market experienced a sudden surge in value over the last week, after an extended rough period. The current turmoil in the bank sector appears to have given a boost to the crypto market, especially Bitcoin, as some investors opt for digital assets for diversification.
20.03 / 22:11
Conflux Price Prediction as CFX Pumps Up 60% in 7 Days – Are Whales Buying?
After nearly hitting $0.50 per token over the weekend, Conflux (CFX), the token that powers Conflux’s high throughput, Tree-Graph powered layer-1 blockchain, has fallen back beneath the $0.40 level. According to CoinMarketCap, that means the token is now down around 10% in the last 24 hours. Nonetheless, price predictions remain bullish.
20.03 / 19:43
CBDC
regulation
US Presidential
Florida gov and US presidential hopeful calls for CBDC ban
Ron DeSantis, the Governor of Florida expected by many to throw his hat into the ring for the 2024 United States presidential race, has called for a ban on a digital dollar.
20.03 / 15:37
Ethereum
Adoption
defi
Liquidity
Derivatives
Synthetix
Synthetix nets $20M from Web3 quant trading firm
Tokenized asset issuance platform Synthetix has secured a $20 million investment through a new partnership with Web3 investment and quantitative trading firm DWF Labs.
20.03 / 13:41
Adoption
More Than 80 Firms Express Interest in Establishing Presence in Hong Kong – Next Crypto Hub?
Hong Kong has seen massive interest from virtual asset-related firms as the city pushes toward reclaiming its position as a global crypto hub with a more friendly regulatory stance.
20.03 / 13:27
regulation
Bitcoin
Taiwan watchdog FSC to assume authority on crypto regulation
The Financial Supervisory Commission of Taiwan (FSC) will become the primary regulator of cryptocurrencies in the island country, according to the head of the authority.
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