China Financial News
07.09 / 09:41
SEC
Chinese firms warned by SEC about risk of changing auditors
The Securities and Exchange Commission on 6 September warned Chinese companies not to violate legal and audit requirements as they switch to auditors based in the US to comply with a law that threatens to delist the businesses from American stock exchanges.
06.09 / 22:15
Government
Stablecoin
regulation
settlement
Russian gov't working on stablecoin settlement platform between friendly nations: State media
Russia's Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform.
06.09 / 20:37
Social Media
inflation
Europe's energy crisis
foreign
Ukraine war: Putin approves new foreign policy, tensions rise at plant, American actors sanctioned
President Vladimir Putin on Monday approved a new foreign policy doctrine based around the concept of a "Russian World", a notion that hard-line conservatives have used to justify intervention abroad in support of Russian-speakers.
06.09 / 19:53
06.09 / 17:47
UPS
Waters
Short-seller Carson Block talks meme stocks, ESG and China: Sign up to watch now
Muddy Waters Capital founder and high-profile short-seller Carson Block will appear on Barron's Live on 7 September to chat about the formidable rise of meme-stock investors, the boom in ESG investing, and how he spots frauds in China.
06.09 / 16:43
Ethereum
Mining
Bitcoin
Hut 8 surpasses 8,000 BTC mark as it continues to HODL
Canadian mining firm Hut 8 saw its Bitcoin holdings surpass the 8,000 Bitcoin (BTC) mark as it continues to accumulate self-mined holdings through depressed cryptocurrency market conditions.
06.09 / 16:39
UPS
Manufacturing
Commerce Secretary Embraces a Beefier Industrial Policy to Combat China and Russia
WASHINGTON—As a $52 billion bill to bolster semiconductor manufacturing in the U.S. approached a critical juncture, Commerce Secretary Gina Raimondo reached out to some unusual figures to cultivate support in Congress: former Trump administration national security officials.
06.09 / 13:01
Citi
CEO
PwC
Move-to-earn App STEPN to Land in Hong Kong's Cyberport
Move-to-earn app STEPN announced that is opening an office in Hong Kong despite COVID-19 restrictions and a tough regulatory environment.
06.09 / 00:11
business
Liquidity
Mining Pools
Withdrawals
Crypto miner Poolin pauses BTC and ETH withdrawals, citing 'liquidity problems'
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.”
05.09 / 21:47
business
Funding
Venture Capital
Blockchain incubator valued at $100M following NGC Ventures-led Series A
Blockchain-focused incubator and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia’s largest crypto investment firms, putting the company on track to expand its portfolio and geographic presence.
05.09 / 05:33
Blockchain
Adoption
fees
transactions
network
Network outages have been Solana’s ‘curse,’ says co-founder
Network outages continue to be the Solana network’s biggest challenge, according to its co-founder Anatoly Yakovenko.
05.09 / 04:45
UPS
IPO
Cooper
The U.S. and China are one step closer to preventing stocks like Alibaba from delisting. What to watch next
BEIJING — The U.S. and China recently took a significant first step toward keeping U.S.-listed Chinese stocks like Alibaba from being forced off U.S. stock exchanges.
04.09 / 16:13
A Slowing China Helps Rein In Inflation Around the World
A global slowdown, in particular in China, is taking the edge off inflation pressures, especially for key imports and commodities.
03.09 / 13:21
Blockchain
Law
Binance
investigation
KyberSwap
Binance identifies KyberSwap hack suspects, involves law enforcement
Helping investigate a $265,000 hack on decentralized crypto exchange KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack.
02.09 / 22:43
NASDAQ
NVIDIA
Bitcoin
Bitcoin’s in a bear market, but there are plenty of good reasons to keep investing
Let's rewind the tape to the end of 2021 when Bitcoin (BTC) was trading near $47,000, which at the time was 32% lower than the all-time high. During that time, the tech-heavy Nasdaq stock market index held 15,650 points, just 3% below its highest ever mark.
02.09 / 20:13
02.09 / 16:49
Will China’s Economy Surpass the U.S.’s? Some Now Doubt It
HONG KONG—The sharp slowdown in China’s growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world’s largest economy—or even if it ever will.
02.09 / 16:23
Adoption
Europe
proof-of-work
Bitcoin
Armenia aims to position itself as a Bitcoin mining hub
At the end of August, a digital platform called ECOS Free Economic Zone delivered good news from a country that rarely sparks on the global crypto map — Armenia. ECOS reported adding 60 megawatts (MW) of capacity to its power plant-based facility, operating since 2018.
02.09 / 13:23
Target
NVIDIA
Huawei
safe
China's electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now
BEIJING — U.S. restrictions on Nvidia chip sales to China won't affect Chinese electric car companies, as they're using auto systems that don't include the sanctioned products.
02.09 / 09:13
business
Blockchain
Adoption
Ripple
Think tank launches ‘technical sandbox’ exploring United States CBDCs
A U.S. think tank has launched a “technical sandbox” aimed at advancing the exploration of a potential United States central bank digital currency (CBDC).
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