China Financial News
29.08 / 15:11
29.08 / 07:17
Provident
Cooper
SEC
MSCI
audit
Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says
BEIJING — The risk of Chinese stocks delisting from U.S. exchanges has nearly halved after regulators reached an audit agreement, Goldman Sachs analysts said in a report Monday.
27.08 / 17:33
China’s Industrial Profit Falls on Covid-19 Measures, Bad Weather
China’s industrial profit dropped in the first seven months of the year, reversing a year-on-year increase in the first half of the year, as sporadic Covid-19 outbreaks and bad weather weighed on the world’s second-largest economy.
27.08 / 16:59
cryptocurrency
Money laundering
CoinSwitch
NOT
ED search at CoinSwitch premises not linked to money laundering, says CEO Ashish Singhal
The recent searches carried out by the Enforcement Directorate (ED) at the premises of CoinSwitch Kuber were not related to alleged money laundering, Ashish Singhal, the chief executive officer of the cryptocurrency exchange, was reported as saying on August 27.
26.08 / 06:29
cryptocurrency
coinswitch kuber
ED searches 5 premises 0f Coinswitch Kuber for alleged money laundering: Report
The Enforcement Directorate (ED) probed 5 premises of Coinswitch Kuber in a case pertaining to alleged flouting of the Foreign Exchange Management Act (FEMA) norms by the crypto exchange.
25.08 / 19:43
Ethereum
Adoption
Investments
Bitcoin
Why $20.8K is a critical level for Bitcoin | Find out now on Market Talks with Charlie Burton
In this week's episode of Market Talks, we welcome professional trader Charlie Burton.
25.08 / 18:39
Ethereum
Aware
Bitcoin
What does Ethereum’s Buterin think about ‘underrated’ crypto-payments
Ethereum co-founder Vitalik Buterin recently tweeted that cryptocurrency payments are superior because of censorship resistance and convenience. This change has given a significant boost to international businesses, charities, and payments within countries, he added.
24.08 / 17:49
Blockchain
Binance
Asia
Bitcoin
Crypto licensing roundup: Learn about the most recent approvals in the industry
Cryptocurrency companies have been moving to improve compliance worldwide amid the bear market of 2022, with many platforms increasingly securing licenses and approvals.
24.08 / 15:43
Blockchain
Adoption
Beijing announces two-year Metaverse innovation and development plan
The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.
24.08 / 13:19
Citi
Digital
Mobile
Subway
China Guangzhou Public Transport Launches Digital RMB Payment Function
China's Guangzhou became the first city to launch a pilot function of a digital RMB payment code to pay for bus rides.
24.08 / 12:35
business
Bitcoin
Crypto mining can benefit Texas energy industry: Comptroller's office
The United States filled in the wide gap in Bitcoin (BTC) mining that was left open by China by the end of June 2021. Despite looming rumors of high power consumption, officials in Texas, one of the fastest growing crypto mining hubs in the US, now believe that mining operations can, in fact, garner a symbiotic relationship with the energy industry.
24.08 / 12:15
business
Bitcoin
Ant
China’s Ant Group to help Malaysia launch crypto-friendly 'super app'
Malaysia continues accelerating its pace of cryptocurrency adoption as one of the major local banks is moving into cryptocurrency trading as part of its default banking offerings.
24.08 / 01:25
markets
stocks
Federal Reserve
Bitcoin
Here’s why holding $20.8K will be critical in this week’s $1B Bitcoin options expiry
Bitcoin (BTC) experienced a 16.5% correction between Aug. 15 and Aug. 19 as it tested the $20,800 support. While the drop is startling, in reality a $4,050 price difference is relatively insignificant, especially when one accounts for Bitcoin's 72% annualized volatility.
23.08 / 23:07
business
Blockchain
Adoption
testing
e-CNY
China begins next phase of CBDC testing with e-CNY payment for public transport
According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit routes, which is a first for the country. To do so, passengers simply need to download the e-CNY app, deposit funds and scan the QR code located in the bus payment section to pay for their ride.
23.08 / 15:05
Action
Medtronic
Pinduoduo
Warner Bros
Stocks making the biggest moves in the premarket: Zoom, Palo Alto Networks, Macy's and more
Take a look at some of the biggest movers in the premarket:
23.08 / 14:03
Lowe's
Low
China’s Yuan Slides to a Two-Year Low as Economy Stumbles, Dollar Soars
HONG KONG—China’s currency has dropped to its weakest level against the U.S. dollar in two years. It is likely to depreciate further as the country’s central bank moves to combat a slowing economy and a deep housing downturn.
22.08 / 23:57
Tether
goldman sachs
Asia
Bitcoin
Drop
Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows
After the rising wedge formation was broken on Aug. 17, the total crypto market capitalization quickly dropped to $1 trillion and the bulls' dream of recouping the $1.2 trillion support, last seen on June 10, became even more distant.
22.08 / 23:09
interview
Energy
Bitcoin
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits
2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that bears aren’t even close to being ready to let up. Crumbling crypto prices also equate to diminishing profits for Bitcoin miners and this week’s regulatory action by the United States lawmakers requesting energy consumption data from four major BTC mining companies is bound to exert a bit more pressure on an already fragile situation.
22.08 / 22:05
business
Blockchain
Poster
Tencent receives patent for blockchain-based missing persons poster
According to local news outlet 36kr.com, Chinese technology conglomerate Tencent recently received a novel patent for a blockchain-based missing person's poster. The patent took nearly three years to be awarded from the date of its first submission in December 2019.
latest developments in China
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