China Financial News

26.11 / 14:37

Citi outbreak recovery China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread

SINGAPORE—Widespread lockdowns imposed across China as authorities there struggled this week to contain the country’s largest Covid-19 outbreak threaten to again create uncertainty in global supply chains and dim the prospects for world economic growth.

25.11 / 17:13

Action outbreak China’s Central Bank Takes Action as Record Covid-19 Outbreak Hits Economy

SINGAPORE—China’s central bank moved to backstop growth by boosting lending to households and businesses, as the world’s second-largest economy struggles with its biggest Covid-19 outbreak since the pandemic began.

25.11 / 14:39

Citi outbreak recovery China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread

25.11 / 13:45

CBDC Digital Japanese Digital Yen Pilot to Begin ‘in Early 2023’

The Japanese central bank could begin piloting the digital yen as early as spring 2023 and will reportedly start a trial involving “consumers and private sector companies.”

24.11 / 20:15

UPS Metaverse Deloitte Report: Metaverse Could Be $13 Trillion Industry by 2030 – Here’s What You Need to Know

The metaverse has the potential to generate an additional $800 billion to $1.4 trillion to Asia’s gross domestic product (GDP) per year by 2035, growing into a market worth up to $13 trillion annually by 2030, according to a recent report by international consultancy Deloitte.

24.11 / 15:09

Manufacturing U.S.-Europe Trade Booms as Old Allies Draw Closer

FRANKFURT—The global economic map is rapidly transforming, with trade and investment between the U.S. and Europe booming as Russia’s war in Ukraine and fraying ties between the West and China draw the trans-Atlantic allies closer.

24.11 / 11:25

UPS outbreak recovery China Recovery Hopes Crushed by Record Covid Outbreak as Lockdowns Spread

SINGAPORE—China’s worst Covid-19 outbreak is squashing hopes for an economic rebound and fanning concern about disruption to the world’s supply chains, heaping more pressure on a global economy that is already losing speed as central banks ratchet up interest rates to beat back inflation.

24.11 / 09:31

cryptocurrency cryptocurrency prices Crypto price Top Cryptocurrency Prices Today November 24: Bitcoin and Ether in green as crypto mcap increases

Major cryptocurrencies were trading in the green early on November 24 as the global crypto market cap increased 1.97 percent to $837.27 billion, over the last day. On the other hand, the total crypto market volume dropped 4.17 percent to $61.23 billion over the last 24 hours.

24.11 / 00:05

NFT Disney FTX F1 Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22

In this week’s newsletter, read about how a nonfungible token (NFT) protocol was affected by the FTX collapse leading to layoffs. Despite the effects of the FTX collapse, industry players within the NFT space are still confident in the recovery of NFTs. Meanwhile, Disney brought back metaverse-backer Bob Iger as its CEO, and check out how NFTs have taken center stage at Formula 1. And, don’t forget this week’s Nifty News featuring China-based tech companies offering FIFA World Cup fans a metaverse-like viewing experience of the soccer event.

23.11 / 22:37

UPS Target China Is Investing Billions in Pakistan. Its Workers There Are Under Attack.

KARACHI, Pakistan—In April, a Pakistani mother of two blew herself up outside the gate of Karachi University’s Chinese language and culture institute, incinerating a minibus and killing three Chinese teachers and a Pakistani driver.

23.11 / 19:33

business Blockchain Technology Chinese VC loses $42M in crypto due to compromised mnemonic seed phrase

According to a new twitter post on Nov. 23, Bo Shen, general partner of the Vitalik Buterin-advised venture capital fund Fenbushi Capital, claime that $42 million worth of funds were drained from his Trust Wallet on Nov. 10. Shen, who grew up in China but now lives in Atlanta, says that the funds were his personal assets and the exploit does not affect Fenbushi-related entities.

23.11 / 17:49

Ethereum Legal Bitcoin Jail NOT ETH Hacker Gets 10 Year Jail Term, But BTC Theft ‘May Not Be Criminal’ in China

Tokens such as ethereum (ETH) and bitcoin (BTC) continue to rest on uneasy legal ground in China – where an ETH hacker who struck in 2018 was recently sentenced to 10 and a half years behind bars. But prosecutors in the country have explained that it could be tricky to convict BTC thieves who have struck after the 2021 crackdown.

23.11 / 17:03

Manufacturing U.S.-Europe Trade Booms as Old Allies Draw Closer

23.11 / 16:29

business Adoption Central Bank Bank of Japan to trial digital yen with three megabanks

Despite Japan’s uncertainty on whether to issue a central bank digital currency (CBDC), the Bank of Japan (BoJ) continues experimenting with a potential digital yen.

23.11 / 16:15

Citi CBDC Digital Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach

Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out.

22.11 / 20:41

Manufacturing U.S.-Europe Trade Booms as Old Allies Draw Closer

22.11 / 17:11

Citi Digital Shanghai Readies New Digital Yuan Giveaway

Shanghai, China’s biggest city and its most powerful financial hub, is set to give away digital yuan tokens to 7000,000 of its residents later this week.

22.11 / 15:23

defi privacy Uniswap user data Uniswap Decentralized Exchange New Privacy Policy Says Platform Will Collect User Data – Here’s What’s Included

Major decentralized exchange (DEX) Uniswap has upgraded its privacy policy and now collects certain on-chain and off-chain data from users, a move that has attracted the ire of some members of the crypto community.

22.11 / 13:43

Stocks market Fighting COP Green Investing is On The Rise and This Eco-Friendly Crypto Just Raised $13,000,000 – Find Out Why

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

22.11 / 13:05

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

HONG KONG—China’s economy sank into a deeper funk last month as the weight of strict zero-Covid measures, a real-estate downturn and sinking export demand underscored the difficulties of rekindling growth amid tighter government regulations and a worsening global economy.

22.11 / 09:53