China Financial News

27.06 / 09:29

LGBT Protest G7 Fears of first Russian debt default for a century as interest payments deadline missed

Russia has reportedly missed a Sunday night deadline to pay interest payments, raising the prospect that it might default on its foreign debt for the first time since the 1917 Bolshevik Revolution.

27.06 / 08:43

LGBT Protest G7 Ukraine war: All eyes on G7 as Zelenskyy calls for more effort from West

The Ukrainian president is expected to call on Monday for more weapons for his war-torn country and a further tightening of Western sanctions against Moscow to the G7 leaders united against Russia at their annual summit in Germany.

27.06 / 08:43

LGBT Protest WHO G7 NOT WHO: Monkeypox does not warrant being declared global emergency yet

The World Health Organization said the escalating monkeypox outbreak in more than 50 countries should be closely monitored but that the situation has not reached the extent of a global health emergency.

26.06 / 15:47

LGBT World Attack Norway mourns as memorial service for victims of Oslo shooting held

Norway's prime minister and members of the royal family joined mourners at a memorial service in Oslo Cathedral Sunday for the victims of a shooting in the capital's nightlife district.

26.06 / 14:33

Africa World NATO NATO summit to highlight growing influence of Russia, China in Africa

While Russia's invasion of Ukraine is certain to dominate an upcoming NATO summit in Madrid, the alliance's new Strategic Concept -- its main working document for the next decade -- is having to contend with Russia and China's growing influence in Africa.

25.06 / 17:49

Health European Union Protest festival EU-Iran nuclear talks set to resume in the 'coming days'

The European Union (EU) and Iran announced Saturday that stalled nuclear talks would resume "in the coming days", following a surprise visit to Tehran by the bloc's foreign police chief.

24.06 / 12:53

Blockchain Provident BLOCK Digital Klaytn Partners with OpenSea to Spur Growth in Asia

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

23.06 / 14:25

Blockchain Provident Digital Tether Tether to Launch GBPT in July, Pegged to British Pound Sterling

Stablecoin issuer Tether Operations Limited (“Tether”) has announced plans to launch Tether tokens («GBP₮») pegged to the British Pound Sterling in early July.

23.06 / 07:01

Adoption Bank of England Bitcoin China warns Bitcoin is heading to zero but BoE looks on the bright side

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

22.06 / 22:10

Blockchain Adoption NFT Marketplace TAG Heuer has an NFT smartwatch: Nifty Newsletter, June 15–21

This week’s newsletter highlights Yahoo’s plans to get involved in nonfungible tokens (NFTs) and metaverse-based projects. Also, watch manufacturer TAG Heuer is dipping its toes into NFTs, and digital collectible platforms in China have increased in number despite warnings from the government.

22.06 / 17:18

Stablecoin Adoption Tether USDT Tether Launches GBP-pegged Stablecoin, Supports UK Plan to Become ‘Cryptoasset Hub’

The stablecoin issuer Tether, known as the company behind the world’s largest stablecoin USDT, on Wednesday announced the launch of a new stablecoin pegged to the British pound.

22.06 / 16:59

Target Remark Hawkins Powell tells Congress the Fed is 'strongly committed' to bringing down inflation

Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bringing down inflation and has the ability to make that happen.

22.06 / 16:40

business Adoption Binance Bitcoin Option Binance-owned Trust Wallet adds buy option via Binance Connect

Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases.

22.06 / 14:05

cryptocurrency Binance Europe Money Binance is ‘in it for the long game’ when it comes to Europe and doesn’t fear the crypto crash

As crypto winter sends a chill down the markets, with the price of Bitcoin crashing below the key threshold of $20,000 (€19,000) and crypto exchanges laying off staff as fears of a recession bite, the world’s largest crypto exchange says it’s all déjà vu and is not concerned.

22.06 / 12:41

Adoption regulation Qatar Central Bank in ‘foundation stage‘ of launching digital currency

The 2.8-million nation of Qatar is going to join a growing range of countries, experimenting with the central bank digital currency (CBDC) concept. The Qatar Central Bank (QCB) is currently “in the foundation stage” of issuing its digital currency.

22.06 / 11:27

business Blockchain Stablecoin Tether Tether to launch GBPT stablecoin pegged to British pound sterling

Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP).

22.06 / 03:12

Adoption Central Bank Coronavirus Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump

Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users.

22.06 / 02:11

UPS Digital Tencent China's digital yuan wallet downloaded by 261m individuals

Although still in pilot phase, take-up has accelerated in recent months, Zou Lan, head of financial markets at the People’s Bank of China said at a recent press event, according to local reports.The wallet is now starting to catch up with China's dominant commercial payment apps from Ant Group and Tencent, which together account for around 94% of the digital payments marketplace. According to Morning Consult, these apps are not only ubiquitous, they are also well-liked, with 83% of Chinese adults having at least a somewhat favourable opinion of them.

21.06 / 19:53

Blockchain Technology Adoption regulation Terra Usd Utility BIS: 90% of Central Banks are researching the utility of CBDCs

In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that approximately 90% of central banks worldwide are investigating the feasibility of adopting central bank digital currencies, or CBDCs.

21.06 / 19:41

UPS India Tells Oil Companies to Load Up on Discounted Russian Crude

The Indian government has asked state oil companies to scoop up huge volumes of cheap crude from Russia, according to industry executives, strengthening commercial ties with the country even as the West tightens sanctions on Moscow.

21.06 / 12:17

Provident Target Digital Platform Bitcoin WeChat to Ban Crypto and NFT-Linked Accounts, following Updated Terms of Use

China’s WeChat, the Tencent-backed social messaging platform, has announced its plans in an indirect manner to crack down on accounts on the platform that are linked to digital currencies and Non-Fungible Tokens (NFTs).

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