China Financial News

30.12 / 06:53

Adoption Digital Currency Central Bank Former Chinese central banker says digital yuan ‘usage has been low’

A former official of the People’s Bank of China (PBOC), the country’s central bank, has expressed disappointment that China’s digital yuan is seeing little use.

29.12 / 20:47

business Blockchain Technology National Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows

On Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled "2022 Blockchain Whitepaper." According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises.

29.12 / 19:45

business Blockchain Bitcoin Chinese Communist Party official pleads guilty to helping Bitcoin miners

According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, former Communist Party Secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People's Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million CNY ($18 million) in bribes related to construction programs and illicit promotions.

29.12 / 19:13

Gaming Lightning Network Bitcoin Backed network bitcoin lightning Today in Crypto: MicroStrategy Exploring Bitcoin Lightning Network-powered Solutions, China to Launch a State-backed NFT Marketplace, Fiji Elects Pro-BTC Prime Minister

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

29.12 / 13:57

European Union committee COVID-19: EU Health Security Committee to hold emergency meeting over COVID situation in China

The European Union's Health Security Committee is holding an emergency meeting on Thursday in a bid to coordinate COVID-19 measures across member states as China reopens its borders.

29.12 / 02:39

Blockchain Provident network Conflux Network Expands into Hong Kong

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

28.12 / 18:15

Blockchain Art NFT National week China's first national NFT marketplace to launch next week: Report

According to a report published by local news outlet Sina News on Dec 28, China will launch its first regulated platform for nonfungible tokens (NFT) trading on Jan 1, 2023. The entity, which acts as a secondary market for the exchange of NFTs, was created by the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China, and Huban Digital Copyrights Ltd, a private corporate entity.

28.12 / 15:43

business Mining Drop Canaan expects minor revenue drop in 2022 despite crypto mining crisis

Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis.

28.12 / 14:41

UPS CBDC Digital Updates Chinese Central Bank Updates Digital Yuan App, Adds Gift Functions

The central People’s Bank of China (PBoC) has updated its digital yuan app – and is attempting to drive up adoption with new gifting and invitation functions.

28.12 / 10:11

Adoption regulation Central Bank boost China’s CBDC wallet resorts to ages-old tradition to boost adoption

China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users.

28.12 / 09:35

Provident BTC Pool Bitcoin week Bitcoin Price Prediction as BTC Sees Green for the Week – New Rally Starting?

Bitcoin price prediction for December 27 is bearish, with a drop to $16,600. A cryptocurrency mining pool, BTC.com, and its parent company, BIT Mining Ltd., revealed that the company had been the victim of a cyberattack on December 3 that resulted in the loss of approximately $3 million in assets.

27.12 / 18:50

markets stocks Bitcoin Bitcoin Price analysts open BTC price dips 1% on Wall Street open as Bitcoin miners worry analysts

Bitcoin (BTC) saw a fresh hint of volatility at the Dec. 27 Wall Street open as United States equities began the final trading week of the year.

27.12 / 18:49

Blockchain Technology hacks Exploit BitKeep CEO says some users’ private keys remain at risk after exploit

According to a letter posted on Chinese blockchain news publisher Odaily.com on Dec. 27, Kevin Como, the anonymous CEO of BitKeep, warned that users’ private keys are still at risk after a security incident on Dec. 26 led to over $13 million in losses at the time of publication. BitKeep is one of the more popular noncustodial, decentralized finance multichain wallets with over 6 million users. Specifically, Como wrote:

26.12 / 22:49

Provident BTC Pool Bitcoin analysts Bitcoin Price Prediction – Here’s Where Analysts Think BTC is Going Next Year

BTC trades with a neutral bias on December 26, keeping Bitcoin price prediction stable. Most financial markets are closed in observance of Christmas Day, but it's worth keeping an eye on the market for any unexpected price movement.

26.12 / 19:23

Stablecoin Today in Crypto: BTC.com & BitKeep & Defrost Finance Hacked, North Korea Stole 1,000 NFTs, Japan to Lift a Stablecoin Ban

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

26.12 / 17:09

business Cybersecurity Bitcoin reports Bitcoin mining pool BTC.com reports $3M cyberattack

Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers.

26.12 / 00:55

Ethereum Ripple XRP Bitcoin XRP Price Prediction – Will XRP Break the $3 Mark in 2023?

Given the market slowdown, XRP price prediction remains bearish, as it has broken through a symmetrical support level at $0.3735. However, XRP is now trading just below the double-bottom support becoming a resistance level of $0.3565. Will XRP break the $3 mark? Let's find out!

25.12 / 13:39

UPS Boeing ECB, BOE Raise Rates by Half a Percentage Point

Europe’s major central banks slowed the pace of their interest-rate increases but diverged with each other and the Federal Reserve on how much more work they need to do to combat high inflation, opening up a new phase for the world economy.

24.12 / 18:11

UPS Boeing ECB, BOE Raise Rates by Half a Percentage Point

24.12 / 02:15

economy Bitcoin Dollar Global Trade Economic frailty could soon give Bitcoin a new role in global trade

The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation and heavy national debt loads — seems to signal the beginning of a new era. All of this is within the context of the United States dollar serving as the primary global reserve currency, currently accounting for about 40% of global exports.

24.12 / 01:03

business Fraud 2 executives of crypto exchange AAX arrested in Hong Kong: Report

Hong Kong police arrested two executives of the crypto exchange AAX accused of fraud and misleading the police, according to local media reports.

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