China Financial News

01.05 / 08:51

cryptocurrency inflation Bitcoin Berkshire Annual Meeting 2022: Takeaways on market timing, inflation, bitcoins and more

At the Berkshire Hathaway Annual Meeting 2022, chairman and CEO Warren Buffett and vice-chairman Charlie Munger were back at their game. They elaborated on their investment decisions, spoke about market trends and follies, and ribbed each other.

30.04 / 17:21

markets Predictions Bitcoin Bitcoin Price These are the BTC price levels to watch as Bitcoin risks worst April on record

Bitcoin (BTC) sits at a historically important price point for hodlers, but where could it be headed in the coming days?

30.04 / 15:03

Cooper Cooperation Russia’s War in Ukraine Is Straining Global Economic Cooperation

WASHINGTON—A rift between Western democracies and Russia and China is forcing policy makers to figure out how to keep conversations alive among nations with diverse views as they face economic challenges arising from the war in Ukraine.

30.04 / 12:17

markets Bitcoin Bitcoin Price Bitcoin retreats toward $38K after Friday sparks losses for 'nearly everything' outside China

Bitcoin (BTC) fell into the May holiday weekend after late trading saw crypto losses echo "basically everything."

30.04 / 05:31

Citi Manufacturing China’s Manufacturing Activity Contracted Further in April

BEIJING—A contraction in China’s factory and service-sector activity worsened for a second straight month in April, falling to their lowest levels since the depths of the initial pandemic outbreak, as lockdowns in dozens of cities across the country shut down production and pummeled consumer spending.

30.04 / 03:21

FIVE Aware Southern BitStamp EU and UK represent a unique challenge for crypto adoption: Report

A new crypto study has found that major obstacles await crypto adoption across the world. Bitstamp, a global cryptocurrency exchange, carried out the survey of over 23000 retail and 5000 institutional respondents. Major obstacles have been pointed out in the study for different regions across the world.

30.04 / 01:21

markets Tether Bitcoin 2 key metrics point toward further downside for the entire crypto market

The total crypto market capitalization has been holding a slightly ascending trend for the past 3 months and the $1.75 trillion support was most recently tested on April 27 as Bitcoin (BTC) bounced at $38,000 and Ether (ETH) at $2,800 on April 27.

29.04 / 17:49

Ethereum Gemini Bitcoin Drop Crypto Adoption Continuing in Developing Countries Despite Price Drop

Despite a challenging backdrop with rising rates and falling stock prices, real-world adoption of crypto is continuing, with developing countries known for depreciating fiat currencies having the highest levels of crypto adoption worldwide, a new report from DappRadar has said.

29.04 / 15:39

Amazon Apple Honeywell Stocks making the biggest moves premarket: Robinhood, Amazon, Apple, Roku and more

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29.04 / 12:23

markets Bitcoin Bitcoin Price Bitcoin price slow to react as US dollar rally stops at 20-year highs

Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the U.S. dollar come down from 20-year highs.

29.04 / 07:55

Blockchain Adoption Digital Currency Residents of 3 Chinese cities paying taxes and charges with digital yuan

Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY).

29.04 / 03:13

CBDC Adoption Tax Digital Yuan Now Being Used to Pay Taxes in Chinese Pilot Zones

Some Chinese citizens now appear to be paying their taxes in the digital yuan, with the pilot gathering pace in the nation’s fast-growing pilot area.

28.04 / 23:47

business Digital Currency regulation Derivatives Executive Agency FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke Thursday at the Crypto Bahamas conference on the topic of U.S. crypto regulation. He called the current U.S. regulations, many of which were written in the 1930s, “nonapplicable” to the current financial reality of cryptocurrencies.

28.04 / 19:29

Ethereum Chainalysis BuyUcoin India behind Vietnam, Turkey in estimated crypto gains in 2021: Chainalysis

Ethereum and many more

28.04 / 17:11

Hash Rate BTC Markets Bitcoin network Bitcoin Network record high Bitcoin network hash rate hit a new record high amid price volatility

The hash rate of the Bitcoin (BTC) network hit a new ATH, even when the price of the top cryptocurrency struggled to get past the $40,000 mark.

28.04 / 11:09

Manufacturing Apple Huawei Huawei's first quarter revenue tumbles by nearly 14% as smartphone sales plunge

BEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved.

28.04 / 09:59

COST UPS Standard Standard Chartered profits up despite China, Russia headwinds

Standard Chartered’s first-quarter profit edged up by 4%, thanks to recovering interest income and better cost efficiency, even though the bank sharply raised credit impairment charges to reflect China’s property sector risk and the impact of the Russia-Ukraine war.

28.04 / 02:37

Digital Strategy Hong Kong publishes CBDC discussion paper

Last year the Hong Kong Monetary Authority released a technical white paper on a possible e-HKD, looking at design options for issuing and distributing retail CBDCs, including an arrangement that allows transaction traceability in a privacy-amicable manner. Now, the HKMA is moving on to other issues, including the potential benefits and challenges of a CBDC, design considerations such as issuance mechanism, interoperability with other payment systems, privacy and data protection and legal considerations, as well as use cases.

28.04 / 00:11

Blockchain Adoption regulation Central Bank wholesale The Philippines will launch pilot wholesale central bank digital currency project

The project will be led by an intersectoral domestic team, Diokno said, as well as “external advisers from international standard-setting bodies and multilateral institutions to build on training and knowledge sharing on CBDC development and implementation all over the world.” Diokno called the project “critical in constructing the BSP’s medium- to long-term roadmap for more advanced wholesale CBDC projects that will further strengthen the Philippine payment system.”

27.04 / 20:17

business Funding Venture Capital Dragonfly Capital raises $650M in tertiary funding round

Dragonfly Capital, a prominent venture capital corporation operating in the cryptocurrency sector, has announced its third funding round, valued at $650 million. The figure surpasses its two prior rounds of $100 million in October 2018 and $200 million in December 2020.

27.04 / 18:33

U.S. Accuses China of Lax Intellectual Property Protection

WASHINGTON—The Biden administration criticized China’s protection of U.S. intellectual property, saying that Beijing still must make a “full range of fundamental changes” to improve protection of U.S. patents, copyrights and trade secrets.

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