China Financial News
20.01 / 11:09
COST
UPS
MegashiboX Inu is Available for Trading on P2PB2B
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
20.01 / 05:31
CBDC
Adoption
Central Bank
Chinese Central Bank: In Pilote Stage, Digital Yuan Has 261M Active Users
China’s central People’s Bank of China (PBoC) has claimed over 261m users in the nation activated digital yuan wallets by the end of last year – in addition to the 20 million-plus who have downloaded its official pilot app, which was released to marketplaces in some cities earlier this month.
19.01 / 15:02
Bitcoin Regulation
Bitcoin
EU securities regulator calls for proof-of-work crypto mining ban
Erik Thedéen, the vice-chair of the European Securities and Markets Authority has raised concerns over the growing use of renewable energy for Bitcoin mining.
19.01 / 13:02
Blockchain
CBDC
Mining
Iran to reportedly pilot central bank digital currency soon
The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon.
19.01 / 11:11
solana
Bitcoin price today
crypto prices
Bitcoin
Top cryptocurrency prices today: Bitcoin, Terra, Solana gain; Cardano drops 7%
Crypto prices remained sluggish on Wednesday as Fed's hawkish stance and economic woes continued to spook crypto investors. Barring Bitcoin, Terra and Solana, all other seven out of top-10 digital tokens were trading lower during the early trade. Cardano dropped 6 per cent, thanks to the profit booking in the counter. Bitcoin was holding above the $42,000 mark although Ethereum slipped below $3,200 levels. The global crypto market cap dropped about a per cent lower to $2 trillion compared to the last day. The total crypto market volumes were flat, almost unchanged at $77.46 billion.
19.01 / 03:58
18.01 / 23:09
18.01 / 22:52
UPS
Citi
Reuters
Chinese yuan
Rate Cut
Chinese yuan could come under more pressure after surprise rate cut
China's central bank unexpectedly cut loan rates on Monday — a move that will likely put more downward pressure on the Chinese currency, one analyst said.
18.01 / 20:20
COST
UPS
Reuters
Manufacturing
China's economy grew 8.1% in 2021 compared to a year ago
BEIJING — China's economy grew by 8.1% in 2021 as industrial production rose steadily through the end of the year and offset a drop off in retail sales, according to official data from China's National Bureau of Statistics released Monday.
18.01 / 18:47
Citi
Provident
Digital
Mobile
China's digital yuan notches $8.3 billion in transactions in 6 months, taking a tiny share of payments
BEIJING — In a country where consumer payments are measured in the trillions, China's digital yuan has made little headway, according to 2021 figures released by the central bank on Tuesday.
18.01 / 17:51
Bitcoin
Kazakhstan's bitcoin 'paradise' may be losing its lustre
Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears about tightening regulation. The government web shutdowns during an explosion of unrest in the country, the world's second-largest centre for mining, caused bitcoin's global computing power to drop around 13% as data centres used to produce the cryptocurrency were knocked offline. Alan Dorjiyev of the National Association of Blockchain and Data Center Industry in Kazakhstan, which represents 80% of legal mining companies in the country, said most crypto producers were now back online.
18.01 / 17:48
18.01 / 17:44
UPS
Twitter
Fallout
Billionaire investor Chamath Palihapitiya says 'nobody cares' about Uyghur genocide in China
WASHINGTON – Billionaire investor Chamath Palihapitiya triggered a backlash on social media after saying during a recent episode of his podcast that «nobody cares» about the ongoing human rights abuses against the Uyghurs in China.
18.01 / 17:38
18.01 / 17:35
UPS
NASDAQ
DOW
Dow falls nearly 200 points, Nasdaq snaps three-day winning streak as tech rally stumbles
U.S. stocks struggled on Thursday as a rebound in tech stocks faded, erasing gains from earlier this week.
18.01 / 17:34
UPS
Tesla
CAT
Токены
Here's the full list of the best-selling electric cars in China for 2021
BEIJING — Tesla and BYD remained by far the market leaders in China's electric car market in 2021, while new competitors emerged against smaller rivals like Nio, according to the China Passenger Car Association.
18.01 / 15:41
Ripple
Action
In China, the Economic Buzzword for 2022 Is Stability
HONG KONG—China’s leaders spent much of 2021 rolling out a blizzard of new regulations aimed at addressing long-running imbalances in the economy. This year, Beijing wants to ensure the ripple effects of those moves don’t cause too much disruption.
18.01 / 15:33
business
Funding
Metaverse
Venture Capital
NFT-focused Animoca Brands valued at $5B following $358M raise
Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquisitions in the nonfungible token (NFT), gaming and metaverse sectors, further cementing crypto’s biggest trends in 2022.
18.01 / 15:27
Blockchain
regulation
UK government
UK treasury
UK Treasury wants to remove blockchain reference from crypto definition
The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule of law. However, among the various newly proposed suggestions, what turned many heads is the request to remove blockchain and Distributed Ledger Technology (DLT) references from the definition of crypto assets.
18.01 / 14:01
markets
Bitcoin
Bitcoin Price
Bitcoin hodlers 'under siege' at $42K as 30% of BTC supply flips from profit to loss
Bitcoin (BTC) hodlers face a crucial week in more ways than one as $42,000 rekindles a familiar battle.
18.01 / 11:53
CBDC
Adoption
Central Bank
20m+ Chinese Now Reportedly Using Central Bank’s Digital Yuan App
Over 20m people have now downloaded the central People’s Bank of China (PBoC)’s digital yuan app, media outlets in the country have reported.
latest developments in China
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