China Financial News

14.07 / 17:31

COST China Set to Post the Slowest Growth in Two Years on Zero-Covid Policy

SINGAPORE—China is expected to record its weakest growth rate in more than two years, a measure of the costs imposed on the world’s second-largest economy by Beijing’s zero-tolerance approach to Covid.

14.07 / 13:53

regulation Tencent Beijing Tencent shuts down NFT platform as gov policy makes it impossible to thrive

China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the Chinese government.

14.07 / 02:11

Blockchain Technology Adoption e-CNY China's central bank to expand deployment of e-CNY

According to China's state institution Xinhua News Agency, Lan Zou, head of monetary policy at the People's Bank of China (PBoC), announced that the country would be expanding the number of digital yuan (e-CNY) test sites in the country from 11 to 23. They are spread out across 15 out of 31 of China's provinces and autonomous regions. The PBoC is China's central bank and is responsible for the development of the e-CNY central bank digital currency, or CBDC. During Wednesday's press conference, Zou praised the success of the recent e-CNY rollout, stating:

13.07 / 16:47

Yellen Pitches Russian-Oil Price Cap to Chinese Counterpart

TOKYO—Treasury Secretary Janet Yellen discussed the possibility of placing a cap on the price of Russian oil during a virtual meeting with Chinese Vice Premier Liu He, in one of the first signs of American efforts to pitch China on a plan to limit Russia’s revenue from oil sales.

13.07 / 15:25

Blockchain Adoption Shanghai included blockchain, NFTs and Web3 in its 5-year plan

China's biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan.

13.07 / 14:29

Lowe's Forecast Bitcoin fall Bitcoin Could Fall to USD 13.6K This Year, Panel Says After Adjusting Predictions Once Again

Another survey shows a seemingly dominant sentiment that bitcoin (BTC) still has more room to fall and test new lows in the near term before skyrocketing again. In either case, the latest prediction marks the third time this year that a panel of analysts gathered by the comparison website Finder.com has had to adjust its predictions down.

13.07 / 05:09

UPS Citi CEO Chinese companies are going global as growth slows at home

BEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia.

13.07 / 04:55

Manufacturing Enterprise Parke Bitcoin Tracing the next steps in Shanghai’s plans for the Metaverse

Shanghai wants to lead China’s economic recovery by promoting the growth of metaverse goods and services, low-carbon energy initiatives, and smart terminal technology.

12.07 / 22:39

business Funding Metaverse Sandbox Animoca Brands raises $75M to advance ‘open metaverse’ concept

Blockchain gaming and venture studio Animoca Brands has closed another strategic funding round, giving the company additional resources to expand its acquisition targets in the metaverse sector.

12.07 / 19:09

Blockchain Provident Platform Bitcoin No Roadblocks For GameFi Despite Market Conditions

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

12.07 / 13:33

regulation Terra Law Decoded, July 4–11: Access denied for crypto-owning policymakers

It’s been a century or so since the property qualification came out of vogue, but it doesn’t seem a problem if you want to apply it to crypto and policymaking. An advisory notice released by the United States Office of Government Ethics last week states that the de minimis exemption — which allows for the owners of securities who hold an amount below a certain threshold to work on policy related to that security — is universally inapplicable when it comes to cryptocurrencies and stablecoins.

12.07 / 12:21

UPS Aviat Align reports Singapore’s state-owned investor Temasek reports record portfolio value

SINGAPORE — Temasek Holdings reported Tuesday that the net value of its portfolio grew to $286.48 billion (403 billion Singapore dollars) at the end of March — that's S$22 billion higher than the previous year, surpassing last year's record high.

11.07 / 19:31

Twitter Amazon Platform Stocks making the biggest moves midday: Twitter, Wynn Resorts, Lululemon, Nio and more

In this article

11.07 / 14:59

Twitter Action Mattel Stocks making the biggest moves in the premarket: Twitter, Wynn Resorts, Las Vegas Sands and more

Take a look at some of the biggest movers in the premarket:

11.07 / 11:39

Target BLOCK pricing Congress Juggles China Bill, Democrats’ Climate and Drug-Pricing Ambitions

WASHINGTON—Congress returns on Monday with Democrats aiming to revive central pieces of President Biden’s stalled economic agenda while trying to keep on track a separate, bipartisan bill targeted at boosting competitiveness with China that top Republicans are threatening to block.

11.07 / 11:05

markets stocks Bitcoin week inflation data US inflation data will be 'messy' — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts another week in a precarious position near $20,000 ahead of fresh macro upheaval.

10.07 / 09:57

Blockchain ATM Bitcoin US dominates crypto ATMs installations and BTC hash rate worldwide

Despite the myriads of state and federal regulatory hurdles faced by crypto businesses in the region, the United States plays a major role in preserving the Bitcoin (BTC) and crypto ecosystem. With China moving out of the picture following a permaban on crypto, the United States maintains the top position in terms of hash rate contribution and ATM installations worldwide.

09.07 / 17:57

Art Ukraine war: Russia planning 'new actions' as Donetsk and Kharkiv bombing stepped up, says Kyiv

The Russian army has reportedly continued to bomb Ukraine's eastern Donetsk and northeastern Kharkiv regioins on Saturday. According to Ukrainian officials, Moscow is preparing "new actions" after four and a half months of war.

09.07 / 08:27

COST UPS China Inflation Rises on Gains in Food and Fuel Prices

SINGAPORE—Inflation in China accelerated more than expected in June as prices for food and fuel picked up, but cost pressures remain muted compared with blistering gains in Europe and the U.S.

09.07 / 03:53

Stop Your Crypto Operations in Russia, Washington Tells Japanese Exchanges & Miners

Washington wants Japanese regulators to convince domestic crypto exchanges and miners to cut all ties with Russia, per a new report.

08.07 / 21:47

business Bankruptcy VC funding Bitcoin Miner Broker Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars

Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic players in our industry. I’ve talked to you about Terra, Celsius, Three Arrows Capital, BlockFi— what about Voyager Digital? The crypto broker filed for Chapter 11 bankruptcy this week, putting hundreds of thousands of creditors on high alert.

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