China Financial News

27.01 / 13:19

Fighting WTO WTO Arbiter Sides With China in Tariff Fight With U.S.

WASHINGTON—The World Trade Organization on Wednesday authorized China to impose retaliatory tariffs worth $645 million on imports from the U.S. in a decade-old dispute over Chinese subsidies to promote exports of products such as solar panels and steel pipes.

27.01 / 07:33

cryptocurrency economy World China to start 3-year nationwide crackdown on money laundering

Following increased regulatory steps, Beijing will now start a three-year nationwide crackdown on money laundering from 2022 to 2024, Bloomberg reported.

26.01 / 16:13

NASDAQ Stock indices Venture Capital Becomes a Tech Battleground Between China, U.S.

Last year, China’s tech stocks cratered. This year, America’s are following suit. But their selloffs have very different drivers, and therein lies a potential inflection point in the emerging competition between the two countries.

26.01 / 15:01

Strategy Russia’s Attempts to Sanction-Proof Its Economy Have Exposed a Weak Spot

After the West pummeled Russia with sanctions for annexing Crimea from Ukraine in 2014, President Vladimir Putin embarked on what analysts have dubbed a Fortress Russia strategy, padding the country’s foreign reserves, buying gold and pivoting some exports to China.

26.01 / 14:51

Manufacturing CEO Baidu Chinese giant Baidu and automaker Geely put nearly $400 million more into their electric car venture

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26.01 / 12:29

UPS Ford Manufacturing boost Chinese companies boost overseas investment in consumer products, EV supply chain

BEIJING — Chinese companies invested more in consumer sectors and the electric vehicle supply chain worldwide, even as geopolitics restricted overall outbound capital flows, according to a report released Wednesday by Baker McKenzie and Rhodium Group.

26.01 / 12:11

markets Bitcoin Bitcoin Price analyst Bitcoin pundits split over BTC floor as Bloomberg analyst eyes bounce

Bitcoin (BTC) could still fall under $30,000 but some prominent sources are already calling the end of the latest bearish turn on BTC/USD.

26.01 / 09:29

IPO JPMorgan Action Strategy IPOs Crackdown on Chinese IPOs in the U.S. could make investors think twice about betting on tech

BEIJING — Investors may have to think twice about whether to bet on Chinese tech start-ups as new regulations are imposed on mainland companies looking to go public in the U.S.

25.01 / 21:13

defi Investments DEX ICO veteran Why crypto industry needs venture capital: Q&A with veteran investor

Traditional funding in the crypto space was once considered useless. After all, the industry itself offers different, controversial, but nonetheless, ways to fund a project – initial coin offering (ICO), initial exchange offering (IEO) and the current darlings of offerings – launchpads and initial decentralized exchange (DEX) offerings.

25.01 / 19:40

Binance ETF coinbase Bitcoin YouTube NFTs, MicroStrategy to Keep Buying Bitcoin + 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.

25.01 / 19:13

Mining Asia Bitcoin Another Headache for Bitcoin Miners in Central Asia as Three Countries Hit With Blackouts

Three of the Central Asian countries — Kazakhstan, Uzbekistan, and Kyrgyzstan — have been hit by a power blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances.”

25.01 / 17:43

cryptocurrency Altcoins Bitcoin price today Bitcoin Price Top cryptocurrency prices today: Bitcoin moves higher; altcoins continue to bleed

crypto cart was struggling to move higher and follow Bitcoin ahead of the start of the Federal Reserve meeting on Tuesday. However, the rise in trading volumes came as a relief for the industry. Barring Bitcoin, all other nine out of the top-10 digital tokens were trading lower during the early trade on Tuesday. Bitcoin jumped about 3 per cent to the $36,000 level. The global crypto market cap remained flat at $1.63 trillion. However, total crypto market volume zoomed more than 53 per cent to $128.01 billion.

25.01 / 16:59

business Adoption Bitcoin NOT Russian finance ministry official calls for crypto regulation, not restriction

In surprising comments made by the Russian director for financial policy, Russia could be softening its stance toward crypto. Ivan Chebeskov, a director within the Ministry of Finance, has come out in support of regulating crypto rather than banning it.

25.01 / 12:57

Provident Mobile Tencent Support Tencent to Offer Metaverse Business Support in Japan before Feb

Reportedly, Chinese tech-giant Tencent will provide support services for the virtual space «Metaverse» business to Japanese companies as soon as before February, according to Japan's Nikkei media report on Monday.

25.01 / 08:01

asset traders Bitcoin Bitcoin's new floor is $30,000 as 50% rout destroys old supports

traders to now consider $30,000 as the next line in the sand. The world’s largest digital asset is mired in its sixth straight day of declines, with the token down roughly 20% over the past seven days. It’s now 50% below its November peak and was trading as low as $32,970 on Monday, the lowest since July. The coin’s selloff has pushed it to the most oversold since March of 2020, based on its Relative Strength Index (RSI) score of 19. Bitcoin is now approaching a support region of $30,000, where some analysts see it finding a near-term floor. Assets are considered overbought if its RSI crosses above 70 and oversold if it falls below 30.

25.01 / 02:17

Blockchain Adoption regulation Chinese Local Gov’ts, Tech Firms Take Tentative Metaverse Steps

Chinese government-run firms and local governments are starting to explore metaverse-related innovations – although they are proceeding with due caution, given the fact that the nation last year enacted its most stringent crypto crackdown to date.

25.01 / 01:21

business Mining Electricity Power Crypto miners Fitch Ratings warns of risks crypto miners pose to US power supply

Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power.

24.01 / 18:19

UPS Digital Merit Racing Winter Olympics Days before Beijing 2022, cautious South Korea completes first phase of CBDC pilot

Little more than a week before the global launch of China’s CBDC, a neighbouring country has announced the “successful” completion of a CBDC pilot.

24.01 / 17:17

Digital USDT Platform CoinMarketCap MetaVisa will start the IEO sale of MESA token on BitMart

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

24.01 / 13:26

Stablecoin Mining regulation Backed Ban Crypto, but Legalize Mining and Issue Gold-backed Stablecoin, Urges Top Russian MP

Russian parliamentarians, government officials and finance chiefs remain deeply divided on the issue of crypto regulation – with a leading lawmaker indicating that crypto mining could soon be legalized, alongside a state-run, gold-backed stablecoin, while backing the idea of banning crypto trading and investment. The news comes shortly after the Central Bank’s recent proposal, suggesting a ban on crypto and token mining.

24.01 / 13:13

markets Bitcoin Bitcoin Price Bitcoin ‘enters value zone’ as BTC price floor metric goes green again

Bitcoin (BTC) has just reentered a key price zone which has signalled the beginning of the end for bear phases, data confirms.

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