China Financial News

05.02 / 03:09

FIVE Digital Platform Mobile Understanding China's Digital Yuan

Among the world's biggest economies, China has become the frontrunner in developing a Central Bank Digital Currency (CBDC). The Asian giant completed a trial of the DC/EP, as its digital currency is known, in September and is currently rolling it out on major e-commerce platforms within the country. Here is a brief primer on the digital currency.

05.02 / 03:09

Blockchain Digital MasterCard Alibaba, IBM, MasterCard Top Global Blockchain Patent Rankings

While the disruptive and innovative blockchain technology continues to find increasing use across multiple business sectors, a lot of patents are being filed for developing unique, new-age blockchain-based systems and applications to get the early mover advantage. A new study conducted by IPRDaily, a leading global intellectual property (IP) technology media firm which focuses on IP services and IP industry ecosystem, ranks the global companies based on the number of patents filed, according to CoinDesk.

05.02 / 02:19

Blockchain Lowe's Digital Winter Olympics Low China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash

After eight years of guesses, discourse, and conflicting reports, China’s digital yuan CBDC made a rather low-key debut at the 2022 Beijing Winter Olympics on 4 February.

05.02 / 00:07

Art NFT Marketplace Winter Olympics Nifty News: Olympic Games Beijing 2022 edition

Today's Nifty News rounds up nonfungible token (NFT) projects centered around the Winter Olympics, which began Friday in Beijing, China. The following are initiatives taken by the International Olympic Committee, or IOC, The British Olympic Association,and an independent artist leading up the 2022 games.

04.02 / 22:35

Blockchain Digital Winter Olympics Reserve Federal Reserve Bank of Boston and MIT report on Project Hamilton’s first phase

As China’s digital yuan sees its debut on the first day of the 2022 Beijing Winter Olympics, another country has shown signs of stepping into the CBDC development arena. This was none other than the USA.

04.02 / 22:19

Mining Bitcoin Profitability makes crypto mining more expensive in Argentina

China’s crackdown on mining has led miners to search for other countries to continue their operations. Promises of reduced costs led some to Argentina. However, the country’s government has now applied new rates for crypto miners in the province of Tierra del Fuego.

04.02 / 21:37

Law Winter Olympics lawmakers US lawmakers US lawmakers issue warnings about digital yuan as Winter Olympics kicks off

With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.

04.02 / 20:13

Manufacturing Solar Biden Extends Trump’s Solar Tariffs, but Allows More Solar Cells to Enter Duty-Free

WASHINGTON—The Biden administration said Friday it would extend a set of tariffs on solar-energy imports for four years, but significantly reduce their scope by doubling the amount of solar cells that can enter the U.S. without facing any levies.

04.02 / 18:19

Provident Digital Remark Bitcoin Indian Investment exec explains why Indian govt wants to ‘tax the hell’ out of crypto

India‘s Budget announcement was a mixed blessing, as some appreciated the clarity regarding taxes on crypto. However, others are strongly against the 30% tax on the transfer of digital assets. Amidst diverse opinions and strong emotions, investment analyst Anthony Pompliano shared his take on India’s update.

04.02 / 14:37

House Expected to Pass $350 Billion Bill to Help U.S. Compete Globally

WASHINGTON—The House is poised Friday to approve a sprawling $350 billion initiative to boost U.S. competitiveness with China and other rivals, but differences with the Senate signal struggles ahead in reaching a compromise.

04.02 / 14:05

Television Winter Olympics restrictions COVID restrictions Beijing Winter Olympics underway amid strict COVID restrictions and diplomatic boycott

Beijing is about to become the first city to host both a winter and summer Olympic Games when it launches a locked-down Winter Olympics opening ceremony on Friday.

04.02 / 13:45

NFT Gaming Non-fungible tokens Animoca Brands’ Offshoot nWay Launches Official Multiplayer Party Game of Beijing 2022 Olympics

nWay, a subsidiary of major non-fungible token (NFT)-focused company Animoca Brands, has launched Olympic Games Jam: Beijing 2022, the official licensed play-to-earn multiplayer party game of the Olympic Winter Games that opened today.

03.02 / 20:47

Ethereum Binance Kraken Bitcoin USD 150M Bet On 'Extending' Bitcoin, Miners Help Texas, Proof-of-Kraken, NFT Investments + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

03.02 / 17:59

Blockchain Digital Mobile IOC launches Beijing Olympics-themed mobile game with NFTs

The International Olympic Committee has become the latest organization to jump into the non-fungible token craze.

03.02 / 09:45

Technology Art Extreme weather has cost Europe €50bn and killed 142,000 in 40 years

Heatwaves, floods, and other extreme weather have killed 142,000 people in Europe over the last 40 years and cost European economies more than 500 billion euros, according to a report released on Thursday.

03.02 / 09:45

Art In France, Emmanuel Macron calls for new rules to halt migrant flows

French President Emmanuel Macron is taking aim at migration — a core issue in the country's presidential campaign — by pushing to strengthen the European Union's external borders against people illegally entering the bloc’s passport-free area.

02.02 / 17:21

Power Portugal limits hydroelectric power amid unusual winter drought

Portugal is restricting the use of some reservoirs for hydroelectric power and irrigation amid an unusual winter drought.

02.02 / 17:13

Adoption Bitcoin Russian region struggles to keep up with Bitcoin mining energy demands

As cryptocurrency mining activity grows increasingly common in Russia, one local region is struggling to maintain power stability amid massive inflows of new crypto mining operations.

02.02 / 15:07

Art Despite a big backlash, Brussels labels gas and nuclear as sustainable

Ignoring the furious backlash and accusations of greenwashing, the European Commission has decided to move forward with its highly controversial plans to label gas and nuclear activities as sustainable, hoping the two sectors can help the bloc meet its ambitious roadmap to climate neutrality.

02.02 / 14:57

Art MPs Boris Johnson to face MPs' questions as resignation calls grow louder over Partygate scandal

UK prime minister Boris Johnson will face his first PMQs on Wednesday since the publication of a report that found “failures of leadership” over COVID lockdown parties in Downing Street.

02.02 / 13:49

Art Electric car sales accelerate as Europe turns away from diesel

Europeans bought as many hybrid cars as they did diesel in Europe in 2021 for the first time as the European Commission presses forward with its intention to ban the sale of petrol and diesel vehicles by 2035.

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