China Financial News
09.06 / 13:15
defi
regulation
Terra Usd
Terraform Labs
Terra
Legal troubles mount for Terraform Labs as Seoul police investigative
Terraform Labs, the parent company behind the collapsed Terra ecosystem, is currently under multiple investigations from the South Korean authorities.
09.06 / 13:15
LGBT
European Union
Renewables
The EU needs renewables to curb Russian fossil fuel dependence. For these, it's dependent on China.
Russia's invasion of Ukraine has exposed the European Union's dependence on Russian fossil fuels and accelerated the bloc's transition into renewables.
09.06 / 08:47
business
Blockchain
Terra Luna
Terra
Unsustainable
Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate
Anchor protocol was originally designed to offer an interest rate of 3.6% but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged in an interview with Korean media outlet JTBC.
09.06 / 01:25
NASDAQ
DOW
Stock futures are flat on Wednesday evening
Stock futures were flat in overnight trading Wednesday after the major averages ended the regular session lower and U.S. Treasury yields rose.
07.06 / 13:01
New York State
Terraform Labs
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.
07.06 / 04:49
Ethereum
Accenture
Research
Bitcoin
Half of Asia's affluent investors have crypto in their portfolio: Report
Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022.
06.06 / 19:35
06.06 / 15:27
economics
Federal Reserve
Central Bank
Reserve
Dollar Dominance and the Rise of Nontraditional Reserve Currencies
Serkan Arslanalpis Deputy Division Chief in the Balance of Payments Division of the International Monetary Fund (IMF)’s Statistics Department; Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California;Chima Simpson-Bell is an Economist in the IMF’s African Department._______
06.06 / 14:53
Airlines
Apple
Starbucks
JetBlue
Stocks making the biggest moves in the premarket: Spirit Airlines, Didi Global, Keurig Dr Pepper and more
Take a look at some of the biggest movers in the premarket:
06.06 / 12:21
Discover
Hong Kong Startup BEAM+ LAB's Exhibition to Celebrate Launch of CRYPTYQUES NFT
Hong Kong startup BEAM+ LAB is hosting an interactive exhibition at the Haus of Contemporary from June 8 to 26 to celebrate the launch of CRYPTYQUES, non-fungible token (NFT) collectables based on classic Hong Kong movies.
06.06 / 11:15
Citi
Booking
Parke
China tries to shake off the worst of the pandemic in a long, zero-Covid journey
BEIJING — China is starting to show signs of recovery from the latest Covid shock.
06.06 / 08:01
Blockchain
Taxes
Bitcoin
crypto volatility
Australian
Australian Mayor downplays crypto volatility, recommends it for rates payments
Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent market crash as a cause for concern.
04.06 / 11:49
business
Blockchain
investigation
Investigations
South Korea ramps up crypto investigations and regulations
On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions.
03.06 / 19:31
business
Binance
Apple
goldman sachs
Helicopter
Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1
China’s pandemic-hit economy needs all the help it can get after a surge in COVID-19 infections triggered mass lockdowns across the country. In an attempt to revive consumption, the southern city of Shenzhen used Beijing’s central bank digital currency, or CBDC, to airdrop free money to local residents. A similar strategy was used in the northern Hebei province, where even more digital yuan was deployed. Think of all the things governments can do when they have full control over fiat money on-ramps.
03.06 / 07:43
business
Scams
FBI
Crypto scams
'Pig slaughtering' crypto scams reap millions on Silicon Valley dating apps
Lonely hearts in Silicon Valley are reportedly falling prey to a wave of "pig slaughtering” crypto scams via dating apps.
02.06 / 12:49
Blockchain
Provident
USDT
Zetrix Announces Launch of NFT-based Insurance Product Covinsure
Public blockchain network Zetrix announced the launch of Covinsure, a non-fungible token (NFT)-based insurance product.
02.06 / 04:09
Software
HANS
Baidu
Self-driving car companies' first step to making money isn't robotaxis
BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in.
01.06 / 21:11
markets
stocks
Bitcoin
Bitcoin price broke to the upside, but where are all the leveraged long traders?
This week's Bitcoin (BTC) chart leaves little doubt that the symmetrical triangle pattern is breaking to the upside after constricting the price for nearly 20 days. However, derivatives metrics tell a completely different story because professional traders are unwilling to add leveraged positions and are overcharging for downside protection.
01.06 / 19:19
Digital
Enterprise
boost
U.S. Launches Initiatives to Boost Economic Ties With Taiwan
WASHINGTON—The Biden administration is forging closer economic ties with Taiwan in areas including trade, supply chains and technology-export controls, amid growing tensions with China.
01.06 / 16:11
To Draw Asia Closer, U.S. Tries an Alternative to Traditional Trade Pacts
DAVOS, Switzerland—As the U.S. seeks allies in a new cold war with Russia and China, it does so without a lever that helped win the last one: new economic pacts like the General Agreement on Tariffs and Trade and the North American Free Trade Agreement. They are nonstarters in a Congress in which both parties have turned more protectionist.
01.06 / 15:25
breaking news about China
What is the current situation in China?
In China, the spotlight is on local government initiatives that spark public discussion.
Where can I find reliable news about China?
We publish reliable reports about the situation in China, based on information from official representatives.
What shapes the media agenda in China?
The news landscape of China is shaped by key decisions by local authorities, reflecting its unique context.
