China Financial News

10.03 / 12:01

Ethereum CBDC XRP Bitcoin Top cryptocurrency prices today: Bitcoin, Terra, Ethereum zoom up to 6%; Shiba Inu flat

Russia and Ukraine were involved in talks while the US President Joe Biden signed an executive order on cryptocurrency, which hinted towards positive movement over the new-age technology. Barring the dollar-pegged stablecoins, all of the top digital tokens were trading higher on Thursday. Terra zoomed 6 per cent, followed by a 4 per cent rise in Bitcoin and XRP each. Solana, Ethereum, Cardano added 2 per cent each.

10.03 / 11:49

cryptocurrency regulation How South Korea’s Next President Might Change Crypto, Economy & Politics in East Asia

The main opposition People’s Power Party candidate Yoon Suk-yeol has won the race to become South Korea’s next President. Crypto policy was a key battleground in his victory – by less than a single percentage point – over his centrist rival from the ruling Democratic Party.

10.03 / 11:19

Action ICE LME LME scrambles to prevent damage from nickel market crisis

The metals industry, financial regulators and Chinese officials rushed to resolve a crisis in London’s nickel market, which remained on ice after an ill-fated trade sparked mammoth price gains and billions of dollars of losses.

10.03 / 10:47

cryptocurrency Ukraine war: US warns Russia may use chemical weapons

The Biden administration has warned Russia might seek to use chemical or biological weapons in Ukraine as the White House rejected Russian claims of illegal chemical weapons development in the country it has invaded.

09.03 / 20:35

Chinese nickel trader Tsingshan faces $8bn loss as Ukraine war disrupts market

Chinese nickel titan Tsingshan Holding Group faces billions of dollars in trading losses, people familiar with the company said, after Russia’s war in Ukraine set off an unprecedented rise in the price of a key metal used in stainless steel and electric-vehicle batteries.

09.03 / 16:49

business Blockchain Adoption Dubai Lockdown to metaverse: Pandemic leads crypto entrepreneur to new business headquarters

Life gave crypto businessman Ilman Shazhaev lemons when he got stuck in Dubai in the wake of the COVID-19 lockdowns. However, like the old adage, he “made lemonades” by recognizing the opportunities in the country.

09.03 / 14:59

Digital CBDCs Bitcoin Executive US President executive order US President To Sign Executive Order For A 'Digital Dollar', Says White House

US president to sign executive order for a 'Digital Dollar', says White House

09.03 / 14:53

cryptocurrency approved Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved

The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan.

09.03 / 13:55

Blockchain Lightning Network lightning Bitcoin Low Bitcoin transaction fees briefly doubled yet remain exceptionally low

Got some Satoshi to send or Bitcoin (BTC) wallets to reorganize? It’s increasingly cheap to do so. According to an Arcane Research report, Bitcoin “transaction fees have stayed low since July 2021, showing no signs of rising.”

09.03 / 13:55

business Blockchain Ripple Reserve Federal Reserve works with China’s blockchain ally for instant payments

The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure.

09.03 / 11:25

In China, Inflationary Pressures Remain Subdued—For Now

Rising energy prices in the run-up to Russia’s invasion of Ukraine added to Chinese inflation in February, an early sign of the pressures building in the global economy as the war sends commodity prices soaring.

09.03 / 07:21

UPS Strategy Huawei China watches warily as Ukraine makes U.S., EU and Japan strengthen their alliance

BEIJING — Since taking office last year, President Joe Biden has pursued a strategy of restoring relationships with allies to put pressure on Beijing.

08.03 / 16:51

Blockchain Adoption Central Bank The Philippines to launch pilot CBDC implementation

As the world of finance continues to transform, new forms of money are challenging traditional monetary infrastructures that have been around for a long time. Currently, central bank digital currencies (CBDCs) have caught the eye of various countries, including the Philippines.

08.03 / 16:47

economics Bitcoin end Ukraine War Raises Questions About the 'End of Monetary Regime' and Role of Bitcoin

Bitcoin (BTC) “will probably benefit” from a new world monetary order where the US dollar no longer reigns supreme and China’s currency strengthens through the backing of Russian commodities, a report from the major investment bank Credit Suisse predicted, triggering intense debates in the crypto community.

08.03 / 15:09

Mining regulation Beijing Chinese police busts illegal crypto mining farm, seizes 190 miners

The Guangdong province’s Development and Reform Commission has reportedly busted an illegal crypto mining farm secretly operating in an electric vehicle charging station.

08.03 / 15:01

NFTS OKX OKX partners with Jack Ma-owned newspaper to launch NFTs

OKX, a crypto trading platform, has announced a partnership with Jack Ma-owned South China Morning Post (SCMP), a 118-year-old Hong-Kong based English daily, to create NFTs. OKX, which claims to be the world’s second-largest crypto exchange by spot trading volume, will enable the publication to create NFTs of their historical archives consisting of video clips, stories and coverage of historical events. Jay Hao, OKX CEO, said, «There is significant potential in the crypto and metaverse space and OKX is striving to create a more welcoming environment for all. Our collaboration with SCMP is just the beginning of this ambitious program.»

08.03 / 08:57

UPS FIVE Trump businesses American businesses in China say U.S.-China relations are back to Trump era tensions

BEIJING — American businesses in China no longer expect relations between the two countries to improve from the tensions of the Trump administration, according to a business association survey.

08.03 / 05:13

cryptocurrency World News Joe Biden to order studies on regulating, issuing cryptocurrency: Source

U.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury and other agencies to study the legal and economic ramifications of creating a U.S. central bank digital currency, a source familiar with the matter said on Monday.

07.03 / 13:25

VISA PayPal MasterCard services Four Payment Operators Join in Suspending their Services in Russia amid Ukraine Crisis

More payment operators follow the orders of sanctions issued by the U.S., American Express, Visa, Mastercard, and PayPal announced on Saturday that they are all suspending their operations in Russia in protest of the country's ongoing invasion of Ukraine.

07.03 / 13:07

UPS China’s Export Boom Eases, Raising Pressure for Stimulus

HONG KONG—China’s strong export momentum ebbed slightly in the first two months of this year as the pandemic-driven global boom in demand for the country’s goods fades, adding pressure on policy makers to prop up growth through further stimulus.

07.03 / 13:03

VISA MasterCard Russian Banks Look to China’s UnionPay after Visa, Mastercard Freezout

The American payments heavyweights Visa and Mastercard, as well as the card issuer American Express, have suspended their operations in Russia – joining an increasingly lengthy list of firms severing their trade links with the country. But Russian banks have indicated that they may look to domestic and Chinese alternatives to Western platforms.

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