China Financial News

26.09 / 22:01

China Reins In Its Belt and Road Program, $1 Trillion Later

China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program. Now, Beijing is working on an overhaul of the troubled initiative, according to people involved in policy-making.

26.09 / 21:05

COST Ethereum ETH Bitcoin Ethereum Merge impacted this sector the most in China

Since graphics cards can no longer be used to mine a cryptocurrency, Ethereum’s long-awaited switch to proof-of-stake has had an even greater impact on the industry.

26.09 / 20:39

UPS Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more

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26.09 / 19:49

regulation Pro-centralization Russian president grants citizenship to Edward Snowden: Report

Russian President Vladimir Putin reportedly granted citizenship to United States National Security Agency whistleblower Edward Snowden, who had been residing in the country since 2013.

26.09 / 18:16

Twitter Binance SEC Kraken Department Binance Reportedly to Go (Back) Big in Japan, Kraken Rejects SEC, China Gets Metaverse Engineering Department + More News

26.09 / 14:13

Blockchain Digital Crypto Gaming Developer Animoca Brands Raises $110 Million

The company issued convertible notes in a funding round which values it at around $5.6 billion, it said.

26.09 / 14:09

DOW UBS Stocks making the biggest moves premarket: Planet Fitness, PG&E, Las Vegas Sands and more

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26.09 / 13:26

Ethereum Mining GPU Drop China GPU prices drop to new lows after the Ethereum Merge

As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have gone down in China.

26.09 / 12:21

Citi CEO Platform Hong Kong Slips Down the Crypto Hub World Rankings - Can it Get Back to Winning Ways?

With cryptocurrency investors increasingly worried about Hong Kong’s regulatory ambiguity on crypto, a number of major crypto-focused businesses and events have decided to move their activities to Singapore and other countries and territories considered as more friendly to their industry, as indicated by local observers.

26.09 / 07:37

CEO Apple NetEase Singapore's Temasek leads a $40 million funding round in a Chinese startup

BEIJING — Singapore state investment firm Temasek is leading a $40 million funding round in a Chinese startup despite a dry spell of deals in the country.

23.09 / 20:27

Blockchain Ethereum Digital Bitcoin Ethereum Price Prediction - Why ETH Is Ready for the Fightback and You Need to Buckle Up

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

23.09 / 13:25

Blockchain Adoption Digital Currency China accounts for 84% of all blockchain patent applications, but there's a catch

China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official.

22.09 / 19:45

markets Ethereum Tether GPU Reserve crypto market cap Total crypto market cap shows strength even after the Merge and Federal Reserve rate hike

Cryptocurrencies have been in a bear trend since mid-August after they failed to break above the $1.2 trillion market capitalization resistance. Even with the current bear trend and a brutal 25% correction, it has not been enough to break the 3-month-long ascending trend.

22.09 / 12:07

UPS Booking Platform Trip.com says China hotel bookings are surpassing pre-pandemic levels

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21.09 / 23:39

CBDC Adoption retail retail CBDC Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp

The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on the e-HKD, as the proposed CBDC is called.

21.09 / 19:11

Blockchain Law regulation Reserve Tether says new court order to produce USDT reserve backing is a 'routine discovery matter'

On Wednesday, Tether (USDT), the issuer of the U.S. dollar-pegged USDT stablecoin, said that a recent order by a U.S. judge to provide evidence of USDT backing is part of routine discovery in court cases. The firm said that the decision did not substantiate any of the claims listed in an ongoing lawsuit:

21.09 / 15:29

UPS FIVE NVIDIA Xpeng says its next SUV could become the company's new best-selling car

BEIJING — Chinese electric car start-up Xpeng's newest model will likely sell better than its most popular car to date, according to Brian Gu, the company's president and honorary vice chairman.

21.09 / 13:25

Digital Could Hong Kong Monetary Authority Launching CBDC Help Digital Yuan Go Global?

The Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, is aiming to launch trials of the e-HKD, its central bank digital currency (CBDC), in the fourth quarter of this year. If successful, the initiative could facilitate the global rollout of the digital yuan, China’s CBDC project which continues its adoption drive across the nation.

21.09 / 06:39

Adoption NFT Indian Government Totality Corp CEO explains why India is still largely untapped for NFTs

Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs).

21.09 / 05:57

Citi Target businesses European businesses are rethinking their plans for a 'closed' China

BEIJING — European businesses in China are revaluating their market plans after this year's Covid controls further isolated the country from the rest of the world, said Joerg Wuttke, president of the European Union Chamber of Commerce in China.

21.09 / 01:29

Payments Citizens regulation National hearing Threat Hearing: Alternative payments’ threat to national security goes far beyond crypto

Non-crypto alternative payment systems pose a serious threat to United States security, according to testimony presented at a U.S. House Financial Services Committee Subcommittee on National Security, International Development, and Monetary Policy hearing Tuesday. The alternative payments ecosystem should be seen as a whole, and crypto can enhance national security, speakers said.

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