China Financial News

23.12 / 15:25

Supply Chains Upended by Covid Are Back to Normal

The Covid-19 pandemic might not be gone, but the global supply-chain crisis it spawned has abated.

23.12 / 15:21

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.

23.12 / 09:01

business regulation Web3 HK HK legislator’s firm to lure 1,000 Web3 start-ups over 3 years

A start-up accelerator co-founded by Hong Kong legislative council member Jonny Ng Kit-Chong wants to attract 1,000 Web3 businesses to set up shop in the city-state over the next three years.

23.12 / 09:01

regulation FUD Binance addresses 7 instances of recent FUD via Chinese blog post

The world’s largest crypto exchange, Binance, has been dealing with a torrent of FUD (fear, uncertainty, and doubt) since the downfall of FTX. The firm is now fighting back with its latest blog post.

21.12 / 19:15

Ethereum Legal Bitcoin Today in Crypto: Hackers Blackmail Automaker for $2M in Bitcoin, Paxful Kicks Out Ethereum, Uniswap Partners with MoonPay for Bank Card Crypto Purchase

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

21.12 / 10:03

business virtual reality Metaverse Huawei Support Current infrastructure can't support the Metaverse, says Huawei report

Chinese telecom giant Huawei doesn’t believe current telecom infrastructure is enough to cope with the needs of the Metaverse, adding that 5G and 6G networks just might.

21.12 / 00:01

US President Deal Iran nuclear deal is 'dead', claims US President Joe Biden

The Iran nuclear deal "is dead", US President Joe Biden has said in footage widely circulated on social media.

20.12 / 10:37

European Union China's coronavirus death toll spikes after country drops 'zero-covid' policy

The death toll in the latest COVID-19 surge in China's capital Beijing has risen dramatically, as feverish clinic patients and an increase in the funeral business point to a widening outbreak after an easing of strict virus containment regulations.

19.12 / 17:37

CBDC China Adds More Cities to its Digital Yuan Pilot

More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality.

19.12 / 15:43

FTX OKX reports Withdrawals Leading Crypto Exchange Reports Outage for Several Hours with Deposits and Withdrawals Affected – Here’s What Happened

OKX has released an update regarding its recent outage that existed for around seven hours, saying that it was due to hardware issues with its cloud service provider.

19.12 / 11:41

Blockchain Waves Lowe's week Avalanche (AVAX), NEO (NEO), or Snowfall Protocol (SNW): Which Coin Should Win a Seat in Your Portfolio This Week?

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18.12 / 14:03

business Blockchain Cloud Services OKX cites intermittent outage amid Alibaba Cloud equipment anomaly

Crypto exchange OKX witnessed service disruptions after primary infrastructure provider Alibaba Cloud announced a hardware failure in Alibaba Cloud’s Hong Kong data center.

18.12 / 11:45

business Adoption Binance Kazakhstan central bank recommends a phased CBDC rollout between 2023-25

Kazakhstan, the world’s third-largest Bitcoin (BTC) mining hub after the United States and China, found feasibility in launching its in-house central bank digital currency (CBDC), a digital tenge. The National Bank of Kazakhstan (NBK) revealed the finding following the completion of the second phase of testing.

16.12 / 16:03

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

16.12 / 14:43

FIVE Digital CEO Tao Learn How Master Sha's Tao Calligraphy Is Going to Show The Crypto Industry How to Build Successful NFT Collections

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

15.12 / 17:35

ETF stock exchange Bitcoin Hong Kong Crypto crypto futures Hong Kong crypto futures ETFs raise over $70M ahead of debut

Crypto futures exchange-traded funds (ETFs) managed by CSOP Asset Management have raised $73.6 million in investments ahead of their listing on the Hong Kong stock exchange on Dec. 16.

15.12 / 16:07

China’s Leaders Plot Pivot Back Toward Boosting Economy

SINGAPORE—The Chinese government is shifting back to growth mode, as a rapid deterioration in economic conditions prompts alarmed officials to turn more of their focus to development after years of criticizing cadres who gave priority to growth at the expense of social stability and fiscal prudence.

14.12 / 21:39

Manufacturing Action U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China

The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”

13.12 / 20:45

BAY NOT China’s Zero-Covid Policy Is Ending, but Not Everyone Is Celebrating

HONG KONG—After three years of trying to keep Covid-19 at bay, China is finally loosening its draconian zero-Covid rules. But instead of celebrating, many people are hunkering down, cutting spending and avoiding public areas as they prepare for more Covid cases.

13.12 / 13:59

Alibaba’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions

An affiliate of the Chinese tech giant Alibaba has claimed that it will allow customers to pay with the digital yuan on its Taobao e-commerce platform, in addition to the market-leading Alipay e-payments platform.

13.12 / 13:59

Crime Telegram Tether USDT Group Arrested in China for Laundering $1.7 Billion in Cryptocurrency – This is What Happened

Police in China arrested 63 people accused of laundering ¥12 billion ($1.72 billion) via crypto.

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