China Financial News

10.10 / 13:01

Blockchain Ethereum ETH Manufacturing fall Computer Graphics Card Prices Fall by Nearly 60% Following Ethereum Merge

The Ethereum Merge blockchain upgrade which transformed the blockchain into a Proof-of-Stake consensus system has triggered a steep, nearly 60% drop in the prices of graphics processing units (GPUs), with Chinese sellers reporting the gear’s prices have reached their “lowest level ever”.

10.10 / 12:17

Reuters Manufacturing Action NVIDIA end Chinese chip stocks tumble after U.S. calls for new curbs on high-end tech

BEIJING — Chinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing's ability to produce advanced military systems.

10.10 / 10:27

Citi Waves Deal China’s Covid Lockdowns Deal Another Blow to Consumer Spending

HONG KONG—A renewed wave of pandemic-related lockdowns in major Chinese cities is hampering hopes for a recovery in consumer spending, showing how difficult it is for Beijing to rekindle growth without loosening Covid restrictions.

10.10 / 07:57

UPS Assurant Tesla SpaceX Musk says Beijing doesn't want him to sell Starlink in China

BEIJING —Elon Musk told the Financial Times the Chinese government doesn't want him to sell his Starlink satellite internet service in China.

10.10 / 05:49

FIVE JPMorgan China's top leaders are set for a reshuffle. Here are the names to watch

BEIJING — China is poised to reshuffle the top officials surrounding President Xi Jinping at a highly anticipated congress meeting this month.

08.10 / 18:37

CoinMarketCap Huobi Huobi Global: Will the exchange’s latest move prove to be a blessing-in-disguise

Cryptocurrency trading exchange Huobi Global is all set to be acquired by Hong Kong-based About Capital Management. The announcement was shared by Huobi Global through a press release.

08.10 / 00:33

UPS BTC Hashrate Bitcoin’s hashrate posts impressive numbers, but when will BTC’s price do that

According to a tweet by Messari (crypto analytics platform), Bitcoin’s hashrate has grown significantly compared to Q2.

06.10 / 16:53

regulation Europe European Union Cross-border EU regulators ban cross-border payments from Russian crypto accounts

In a statement released on Oct. 6, the European Union introduced another set of sanctions against Russia due to the prolonged and recently escalated conflict in Ukraine.

06.10 / 10:13

European Union European Political Community: What we know and don't know about the new club of nations

More than 40 European leaders are expected to gather in Prague today for the inaugural meeting of the European Political Community (EPC) but much remains unclear over what this new organisation actually stands for and can achieve.

05.10 / 21:31

regulation Ban Terraform Labs information reports Financial Russia blocks OKX website for alleged unreliable financial information: Reports

The website of crypto exchange OKX was blocked in Russia by the state media monitoring service Roskomnadzor on Oct. 4. The agency told the TASS news agency that the website was blocked at “the request of the Prosecutor General's Office for the dissemination of unreliable socially significant information of a financial nature.”

05.10 / 20:17

BTC Lowe's Bitcoin Hashrate Time Bitcoin Hashrate Hits a New All-Time High – What Does This Mean for BTC Price?

The total hashrate on the Bitcoin (BTC) network reached a fresh all-time high on Tuesday, despite consistently low bitcoin prices. The increase could be a sign that miners are now more optimistic about the bitcoin price.

05.10 / 03:51

UPS Waves Carson Block: ‘These are the guys who are supposed to save us? We’re screwed’

Short-seller Carson Block made a name for himself more than a decade ago sniffing out suspicious companies and shorting them for profit.

04.10 / 18:09

Blockchain Ethereum Binance proof-of-work ETHW What is PoW Ethereum (ETHW), and how does it work?

Ethereum blockchain shifted from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism on Sept. 15, 2022. Along with this move, ETHPoW, a distinct PoW blockchain (basically the old pre-Merge Ethereum) forked from Ethereum's Merge, became live. This forked version of Ethereum aims to maintain the proof-of-work mining process for ETH miners.

04.10 / 16:57

tax breaks U.S. Electric-Vehicle Tax Breaks Rile Asian, European Allies

WASHINGTON–The U.S.’s new tax-break scheme for electric vehicles has drawn angry responses from the country’s key allies in Asia and Europe, highlighting a tension between government support for the domestic automobile industry and courting allies to counter China’s influence.

04.10 / 13:13

UPS Tether USDT Holdings Tether Holdings Revealed – Commercial Paper Holdings Slashed

The stablecoin issuer Tether has revealed new details about its holdings of reserve assets, and now says a majority of its holdings are in the form of US treasuries.

04.10 / 05:45

UPS Siemens Waters China's climate push could spawn new global players, even if Beijing falls short on its pledge

BEIJING — China says it wants to be carbon neutral by 2060 — and those stated ambitions are spawning companies that could one day become global leaders in their fields.

02.10 / 14:27

crypto mining Russia Supplying Kazakhstan with Electricity for Cryptocurrency Miners

Russia is looking to bolster Kazakhstan's energy demands in an amendment of the partnership between the two nations, as a means to provide electricity to miners within the former Soviet republic member state. The move comes amidst growing demand for electricity by crypto miners in Kazakhstan, as mining activities see an uptick.

02.10 / 13:51

Blockchain Ethereum proof-of-work POW Time Ethereum Merge spikes block creation with a faster average block time

The Merge upgrade for Ethereum (ETH), which primarily sought to transition the blockchain into a proof-of-stake (PoS) consensus mechanism, has been revealed to have a positive impact on the creation of new Ethereum blocks.

02.10 / 13:15

markets Banks Credit Suisse Bitcoin Bitcoin price starts 'Uptober' down 0.7% amid hope for final $20K push

Bitcoin (BTC) failed to hold $20,000 into the September monthly close as one trader eyed a final comeback before fresh downside.

30.09 / 16:59

JPMorgan China cautions JPMorgan, Goldman over politically sensitive research ahead of Communist Party meeting

HONG KONG — China’s securities regulator has told investment banks operating in the country to avoid publishing politically sensitive research ahead of a twice-in-a-decade meeting of the Communist Party next month, according to people familiar with the matter.

30.09 / 15:29

Media Mainstream Bitcoin Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes

Despite USD bringing an onslaught to stocks, commodities and its rival currencies, BTC holds steady at the $19,000 to $20,000 mark, leaving mainstream media no choice but to put BTC into the headlines.

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