China Financial News

21.07 / 09:57

UPS HSBC HSBC sets up Communist Party group in Chinese investment bank unit

HSBC has set up a Chinese Communist Party committee within its investment banking unit.

21.07 / 07:21

ETH BTC XRP BNB open elon Bitcoin, Ethereum, Altcoins Follow Stocks Down Despite Elon Musk Is Open to Buy BTC Again After Selling 75% of Tesla's Stash

After spiking above the USD 24,000 level, bitcoin increased its volatility as Tesla said it sold 75% of its BTC holdings, or USD 936m worth of bitcoin, in the second quarter, in an attempt to raise cash.

21.07 / 07:17

COST Citi Baidu Baidu's new robotaxi can drive without a steering wheel and is 50% cheaper

BEIJING — Chinese tech giant Baidu announced Thursday it has cut the price of its robotaxi vehicles by nearly half, lowering costs for a nascent business.

21.07 / 06:53

cryptocurrency Tesla Bitcoin Tesla dumps bitcoin: What experts have to say

Elon Musk's Tesla has revealed that it sold off 75 percent of its bitcoin, worth $936 million, in 2021.

21.07 / 06:39

Tesla Bitcoin Experts reveal what Tesla's $936M sell-off means for Bitcoin

Crypto industry experts are largely unfazed by Tesla’s decision to sell 75% of its Bitcoin (BTC) holdings, saying it’s a fairly typical strategy for companies to improve cash flow during economic slowdowns.

21.07 / 06:11

UPS BTC CEO Bitcoin BTC Mining BTC mining, sustainable energy have bullish stats for investors

Bitcoin mining and environmental concerns are the two terminologies that are used quite often when addressing the issue around Bitcoin.

21.07 / 05:49

Biden says he expects to speak with China's Xi in 10 days

BEIJING — U.S. President Joe Biden said he expects to speak with Chinese President Xi Jinping by the end of the month.

21.07 / 05:37

cryptocurrency Tesla Bitcoin Holdings Bitcoin recovers after falling on news Tesla sold 75% of its holdings

Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc had sold about 75 per cent of its holdings of the virtual token.

20.07 / 23:21

Adoption Tax banking Local Tax 'First' for Digital Yuan as Pilot Continues to Broaden Scope

Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks.

20.07 / 17:39

Mining Bitcoin Q2 Saw Over 59% of Bitcoin Mining on Sustainable Energy Mix - Bitcoin Mining Council

The global Bitcoin (BTC) mining industry had a sustainable electricity mix of 59.5% during the second quarter of the year, or slightly up compared with the first quarter, according to the latest quarterly survey conducted by the Bitcoin Mining Council.

20.07 / 00:21

regulation Department Of Justice Bitcoin Department US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government

The United States Department of Justice has seized and returned roughly $500,000 in fiat and crypto from a hacking group tied to the North Korean government, which included two crypto payments made by U.S. health care providers.

19.07 / 04:45

COST BTC Lowe's Bitcoin Hashrate Expect sluggish Bitcoin [BTC] hashrate growth in 2022 unless…

Bitcoin mining operations across the globe took a huge hit in 2022. Specifically, miners are seeing their profit margins dwindle as Bitcoin’s price falls and Bitcoin’s mining difficulty continues to rise. Needless to say, miners and other related attributes have faced the wrath of this concerning problem.

19.07 / 03:15

regulation Trading Bitcoin Premium South Korean Regulators Close the Net on Opportunistic Kimchi Premium Traders

A South Korean financial regulator is set to go on the warpath in search of kimchi premium traders – and is vowing to bring suspected offenders to justice.

18.07 / 08:51

CBDC regulation Central Bank Australian Australian central bank governor favors private sector crypto technology

Australian central bank Governor Phillip Lowe said that a private solution “is going to be better” for cryptocurrency as long as risks are mitigated through regulation.

17.07 / 18:41

Ethereum ETH CoinMarketCap Pool stETH-ETH Curve pool transactions show a buying spree for ETH despite…

Ethereum [ETH] has seen its price action hike following the latest hype around the Merge. This is significant, especially since it always had a tentative timeline in the first place.

16.07 / 00:35

regulation Bitcoin lawmakers Consumption US lawmakers US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

Democratic legislators from both houses of the United States Congress have sent a letter to the Environmental Protection Agency (EPA) and Energy Department (DOE) to inform them of their findings on the energy consumption of cryptocurrency mining and asking the agencies to require mining to report their emissions and energy use. Meanwhile, the Paraguayan Senate, the upper house of that country’s legislature, has passed a comprehensive bill to regulate cryptocurrency and allow miners to use excess electricity generated in the country.

15.07 / 23:19

Ethereum XRP Cardano Bitcoin Price analysis 7/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

The recovery in the cryptocurrency markets is being led by Bitcoin (BTC), which has risen above the $21,000 level. However, BlockTrends analyst Caue Oliveira said that on-chain data shows a decline in “whale activity” since the month of May, barring the flurry of activity during the Terra (LUNA) — since renamed Terra Classic (LUNC) — collapse.

15.07 / 19:13

Blockchain Ethereum SEC Ethereum Merge Date Proposed for September, Liquidator Comes for 3AC, US SEC Talks Exemptions + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

15.07 / 12:43

markets inflation Bitcoin Two Bitcoin price prediction polls, same outcome: $10K BTC is coming

Bitcoin (BTC) investors in China plan to buy the dip despite an ongoing market correction and a nationwide crypto ban, a new survey shows.

14.07 / 21:01

business Blockchain Technology More than 2.6 million users signed up for the City of Shenzhen's digital yuan airdrop

According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups for its latest digital yuan, or e-CNY, airdrop. Two months prior, the City of Shenzhen announced that it would be airdropping 30 million of the e-CNY central bank digital currency, or CBDC, to local residents to stimulate consumer spending as a recovery measure to the country's strict coronavirus lockdown.

14.07 / 18:37

Ethereum SEC MasterCard Bitcoin donates Deal Fasset Collaborates with Mastercard, New York Yankees' Bitcoin Deal, Tencent Shutters NFT Platform, Crypto Industry Donates to US Senator + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

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