China Financial News

22.02 / 14:39

Mining regulation Bitcoin Kazakh ministry halts illegal crypto mining operations

The Kazakh Ministry of Energy announced that it has discovered and terminated 13 cryptocurrency mining operations. The government executed the shutdown as part of its efforts to regulate the Bitcoin (BTC) mining sector, which has grown increasingly popular in recent years.

22.02 / 13:13

IPO Digital Platform valuation Singapore's Amber Group Gets Valuation of $3B, Facilitating Potential IPO

Singaporean state investment firm Temasek Holdings Pte and other investors valued cryptocurrency-trading platform Amber Group at $3 billion in a funding round.

22.02 / 12:49

UPS Manufacturing Moodys tax breaks China's finance ministry talks up tax breaks and spending on homegrown tech

BEIJING — China will cut taxes and fees on a greater scale this year, while focusing on supporting the nation's tech development, Finance Minister Liu Kun said Tuesday.

22.02 / 09:25

business Blockchain Investments Crypto trading firm Amber valued at $3B after big Singaporean investment

Crypto finance service provider Amber has landed a valuation of $3 billion following a funding round led by Singaporean state-owned investment firm Temasek Holdings.

21.02 / 16:57

markets Bitcoin Bitcoin Price BTC price falls below $38K as Tencent leads worst China tech rout since July

Bitcoin (BTC) kept falling lower on Feb. 21 as $38,000 became the latest level to fail the test for bulls.

21.02 / 15:41

business Bitcoin index Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts.

20.02 / 11:25

cryptocurrency Digital Platform cryptocurrency explainer pig butchering Pig Butchering Crypto Scam: Know About This Scam Where Fraudsters Use Romance As A Hook To Lure People Into Bogus Investments

A technique known as "pig butchering" has spread globally as a cryptocurrency scam

19.02 / 23:33

business Government Ethereum Bitcoin Crypto miners Mining worldwide: Where should crypto miners go in a changing landscape?

One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September.

19.02 / 12:01

UPS IPO Platform Remark Some U.S.-listed Chinese stocks will need Beijing's approval to stay public in other overseas markets

BEIJING — If U.S. regulation forces Chinese companies to delist from New York, new rules from Beijing further complicates their path to raising money in public markets abroad.

19.02 / 01:39

Government Bitcoin lawmakers Crypto miners Georgia lawmakers consider giving crypto miners tax exemptions in new bill

Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax.

19.02 / 00:25

CBDC regulation Federal Reserve Winter Olympics Fed's Lael Brainard hints at US playing a lead role in development of CBDCs

Lael Brainard, a member of the Federal Reserve’s board of governors, encouraged the United States to be a leader in research and policy regarding central bank digital currencies, or CBDCs, due to potential international developments.

18.02 / 19:29

cryptocurrency regulation Central Bank collapses Russian Crypto Consensus Collapses into Utter Chaos as Finance Ministry, Central Bank Present Rival Bills

The rest of the world may be talking about the imminent threat of war between Russia and Ukraine, backed by Western allies, but in Moscow, the talk of the political town is...crypto.

18.02 / 13:47

regulation Metaverse Chinese banking regulator warns against fraud risks in the metaverse

After eradicating crypto trading and mining in the country, the Chinese government’s next concern lies with the growing scams around the metaverse projects.

18.02 / 07:33

UPS Digital No reversal on China's tech crackdown in sight as Xi calls for more work on laws

BEIJING — Chinese President Xi Jinping told top leaders to speed up work on new laws for the technology sector during a speech in early December, according to the Chinese Communist Party's bimonthly journal published Wednesday.

18.02 / 01:59

COST Digital Bitcoin Nubank Bitcoin skeptic v. Nubank stocks worth $1B – here’s where Berkshire Hathaway stands

The cryptocurrency market has evolved over the years. At the time of writing, it was valued at more than $2T. Bitcoin, the largest cryptocurrency witnessed a fresh price surge of over 2% as it traded above the $43,000 mark. Over the years, big institutions within and outside the crypto universe have expressed interest in these digital assets. Yet, some individuals hold a different view.

17.02 / 18:27

cryptocurrency Ban Central Bank Late Drama Threatens to Disrupt Russian Crypto Regulation Plans

Friday is supposedly D-Day for Russian parliamentarians, who are set to unveil their much-talked-about draft crypto regulation bill – but the drama continues to rumble on, leading some to questions whether the law will indeed pass as quickly as some have hoped.

17.02 / 16:57

cryptocurrency economics inflation Bitcoin Inflation Is 'Huge Danger' as the US Government 'Overdid It a Little' - Charlie Munger

While Berkshire Hathaway’s Vice Chairman Charlie Munger continues to voice his usual criticism of crypto, he also warns that inflation "is a very serious subject, you could argue it is the way democracies die" and "a huge danger."

17.02 / 14:41

Energy Bitcoin Mining Difficulty Time Bitcoin Mining Difficulty Hits Its 3rd All-Time High in a Row

Bitcoin (BTC) mining difficulty has made another jump, hitting a new all-time high (ATH) – the third one in a row.

17.02 / 12:55

Reuters Russian FM says No to Crypto Ban

Russian Finance Minister Anton Siluanov said that cryptocurrencies should not be banned as advocated by the central bank, but instead, the government should fix the ongoing crypto regulation predicament.

17.02 / 12:55

Digital Gap Strategy Bitcoin Preemptive Measures Needed to Regulate Crypto Market, FSB Says

Regulators need to prepare measures in advance to bring the crypto market to obey rules and regulations, as risks from the sector could grow quickly, a risk monitoring watchdog for the G20 economies said.

17.02 / 12:53

cryptocurrency Bitcoin Bukele Senators Bitcoin vs 'boomers': El Salvador's President Bukele tells US senators to stay out of its affairs

El Salvador's President Nayib Bukele on Wednesday asked US senators to stay out of the country's "internal affairs" after they called for an investigation into the economic risks the United States faces due to the Central American country's adoption of Bitcoin as legal tender.

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