China Financial News

07.01 / 17:17

Technology CES Ukraine war: Zelenskyy hails US aid, Abramovich wealth 'reorganisation', Orthodox Christmas

Ukraine's president praised the US on Friday for promising to supply it with tank-killing armoured vehicles, as part of a new multibillion-dollar package of military aid.

07.01 / 14:13

Technology CES Record food prices in 2022 due to Ukraine war and drought

Food prices hit record highs in 2022 due to the outbreak of war in Ukraine and droughts linked to climate change.

07.01 / 13:01

Technology CES Iran hangs two more men amid anti-government protests

Iran said it executed two men on Saturday, amid anti-government protests sparked by the death of a 22-year-old Kurdish woman.

07.01 / 09:41

Technology US Republican Kevin McCarthy elected as House Speaker after 15 rounds of voting

After 15 excruciating rounds of voting, Kevin McCarthy has finally been named as the House Speaker of the US Representatives.

06.01 / 20:15

Ukraine war: Washington 'to send 50 Bradleys' and five other top developments

Artillery fire could be heard from the front line in Ukraine on Friday, even after the official start of a unilateral ceasefire declared by Moscow and rejected by Kyiv.

06.01 / 13:55

Digital Platform Chinese e-Commerce Titan Meituan Announces New Year Digital Yuan Giveaway

The central People’s Bank of China (PBoC)’s digital yuan is set for another adoption drive as the Chinese New Year approaches: The domestic Chinese e-commerce giant Meituan has announced details of another token giveaway to celebrate the Year of the Rabbit.

06.01 / 00:31

business Blockchain Technology Defi Security DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report

According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance (DeFi) exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared with the loss of $2.44 billion in 2021. The incidents increased in quantity despite a steep 80% loss in the total value locked in DeFi during the year.

05.01 / 22:51

Blockchain Technology defi Quantum computers may soon breach blockchain cryptography: Report

According to a recent paper, Chinese researchers claimed to have discovered a novel method to break the Rivest–Shamir–Adleman 2048 bit (RSA-2048) signing algorithm present in blockchains and other security protocols. RSA is a cryptographic technique that utilizes a public key to encrypt information and a private key to decrypt them.

05.01 / 14:21

Stablecoin CBDC regulation lawmaker Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi

Hong Kong authorities are looking for new designs for a central bank digital currency (CBDC), now proposing to issue a CBDC in the form of a stablecoin backed by the government.

05.01 / 13:51

Bitcoin end ‘Brazilian Nostradamus’ Predicts Messy End for Crypto

A South American psychic known as the “Brazilian Nostradamus” has forecasted a catastrophic end for the world of crypto, claiming that governments around the world will come gunning for bitcoin (BTC) and the like.

05.01 / 11:11

Citi Provident Immunic EU 'strongly' encourages negative COVID-19 test for travellers coming from China

European Union member states agreed on Wednesday to "strongly encourage" a requirement that would obligate all travellers coming from China, regardless of nationality, to present a negative COVID-19 test as the number of infections surges in the Asian country.

05.01 / 03:11

Digital PGIM Fidelity, PGIM, BNP Paribas bosses weigh in on ‘polycrisis’ expectations for 2023

The past 12 months were a torrid year for asset managers. Ongoing war in Ukraine, soaring inflation and a succession of interest rate hikes weighed on revenue and profit across the sector.

04.01 / 23:21

Facebook Ukraine war EU countries agree to demand COVID-19 test for travellers coming from China

04.01 / 22:07

Government Asia Crypto regulation world: How laws for digital assets changed in 2022

Effective regulations are one of the key gateways to cryptocurrency’s mainstream adoption. Due to greater compliance, crypto businesses saw broader acceptance from regulators worldwide. While the crypto ecosystem was awarded countless operational licenses and exposure to new markets, the fall of Terraform Labs, FTX and Celsius, among others, had a negative impact on the industry's reputation with investors and regulators alike.

04.01 / 07:59

NFT hacks ‘WTH did I just witness?' Magic Eden turns porno after hosting service hacked

Nonfungible token (NFT) marketplace Magic Eden had to assure users their NFTs “are safe” after a spate of pornographic images littered its platform on Jan. 3.

03.01 / 16:27

Death POPE China criticises 'unacceptable' new Covid rules for passengers flying in from territory

Beijing has slammed the recent decisions of 12 countries requiring passengers flying in from China to have a negative Covid test 48 hours before thier flight.

01.01 / 20:43

France urges all EU countries to test Chinese travellers for COVID

France is urging all European Union countries to start testing passengers arriving from China for COVID, amid an outbreak sweeping the Asian nation.

31.12 / 16:05

Ukraine repels Russian drone attack after massive bombing raids

Kyiv said on Friday it had repelled a night-time explosive drone attack launched by Russia less than 24 hours after massive bombing raids on energy infrastructure left millions of Ukrainians without electricity.

30.12 / 15:27

business Blockchain FTX Celsius Investors seek to sell FTX, Celsius, BlockFi, Voyager claims

Instead of waiting for a lengthy bankruptcy process, some investors, who have claims on FTX exchange, Celsius Network, BlockFi and Voyager Digital, are looking to pass on their claims to others.

30.12 / 13:41

Blockchain NFT Platform Chinese Gov’t to Unveil Its Version of an ‘NFT’ Marketplace

The Chinese government has announced plans to launch its own version of a state-backed “non-fungible token (NFT)” marketplace. But Beijing won’t be using blockchain to power its platform. And it wants to do away with crypto as the marketplace’s currency – in favor of fiat.

30.12 / 13:41

inflation Central Bank banking Lira Central Bank Digital Currency: Turkey's Central Bank Conducts First Transactions of Digital Lira – Will Other Countries Follow Suit?

The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira.

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