China Financial News

22.12 / 14:43

Adoption regulation Media Agency China’s state-run news agency to launch NFT collection

In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of NFT collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish 10,000 copies of 11 photos taken by journalists in 2021.

21.12 / 13:16

Gaming Tencent regulatory Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny

China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although regulations have forced them to make cosmetic name changes.

21.12 / 09:53

business Binance Investments Funding Cross-Chain Multichain Binance VC arm leads $60M round in cross-chain protocol Multichain

Binance Labs, the venture capital and incubation arm of Binance cryptocurrency exchange, has led a financing round for the cross-chain protocol Multichain, previously known as Anyswap.

21.12 / 02:47

Stablecoin Tether CME Bitcoin Crypto regulation is coming, but Bitcoin traders are still buying the dip

Looking at the Bitcoin chart from a weekly or daily perspective presents a bearish outlook and it's clear that (BTC) price has been consistently making lower lows since hitting an all-time high at $69,000.

20.12 / 21:17

NFT Metaverse Peoples Bank of China Chinese companies embark on a metaverse trademark race

Despite the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications.

20.12 / 18:11

Mining Bitcoin Hashrate 20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims

As much as 20% of the world’s total bitcoin (BTC) mining hashrate may still be based in Mainland China despite September’s crackdown, a new report has indicated.

20.12 / 15:29

Europe Asia Bitcoin NOT Asian Sellers Weighing on Bitcoin Price, But Possibly Not for Much Longer

The bitcoin (BTC) price on average moves markedly lower during Asian business hours than it does during the European and US business hours, indicating that significant selling pressure is coming from Asian investors, new data from on-chain analytics firm Glassnode suggests.

20.12 / 14:57

Dogecoin approved Will Novavax be the fifth COVID vaccine approved for use in the EU?

The European union's drugs regulator will on Monday decide whether to authorise the use of Novavax's vaccine against COVID-19 which its manufacturer claims can help win over vaccine sceptics.

20.12 / 06:57

Ethereum Twitter Telegram USDT Hero MetaVisa Hero Assembly NFT USD 100,000 Airdrop Event

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

18.12 / 18:24

Digital Williams CEO Tesla Chinese electric car start-up Nio reveals a new sedan, augmented reality glasses

BEIJING — Chinese electric car company Nio revealed Saturday a new sedan and custom augmented reality (AR) glasses that reduce the need for in-car screens.

17.12 / 06:01

MET Cooper Action analysts SOLIDARITY Support China and Russia show solidarity, but likely won't support each other militarily, analysts say

BEIJING — International pressure may have pushed China and Russia closer together, but not enough for the two countries to send military support to each other, U.S.-based analysts said.

16.12 / 22:13

Blockchain UPS ByteDance TikTok China curbs short-video content on crypto mining, trading, to ‘improve’ content quality

China banning different crypto related activities has been springing up in the news quite often, over the last few months. As it happens, China’s inhibitory stance against crypto continues to show up in the news, even as the year is about to end.

16.12 / 13:19

Law Asia Court Bitcoin compensation Beijing court rejects monetary compensation in Bitcoin mining contract plea

A district court in Beijing has rejected monetary compensation in a Bitcoin (BTC) mining contract plea against a blockchain company.

16.12 / 09:25

Platform Mobile Tencent China's buy now pay later market is growing — but challenges remain, experts say

China's buy now pay later market is set to grow — but the industry is still at a nascent stage, and challenges lie ahead, experts told CNBC.

16.12 / 04:03

cryptocurrency Altcoins banking Chinese Banks ‘Educate’ the Public on the Pitfalls of Crypto

Provincial branches of China’s biggest commercial banks have begun “educating” the general public on the dangers of crypto and money-laundering – but it appears that the message that crypto and mining is “bad” isn’t getting through to some public officials.

15.12 / 21:15

Digital Citizens Progressive Platform National National Bank of Kazakhstan releases report on results of CBDC pilot project

In the crypto world, Kazakhstan made a name for itself as the safe haven offering refuge to crypto miners fleeing China’s crackdowns. But the country is also active when comes to other parts of the fintech economy.

15.12 / 15:11

MET Reuters Remark China's Xi reportedly backs Putin in Russia's bid for security guarantees from the West

BEIJING — Chinese President Xi Jinping and Russian President Vladimir Putin held their second dedicated video call of the year Wednesday, amid rising international concerns about tensions on the Russia-Ukraine border.

15.12 / 14:24

UPS Consumption China’s Economic Activity Slowed in November on Property Slump, Weak Consumption

HONG KONG—China’s economic activity decelerated in November amid a prolonged property slump and sluggish consumption recovery, adding urgency for Beijing to step up efforts to support the world’s second-largest economy.

14.12 / 23:41

markets Tether Bitcoin Data suggests traders view $46,000 as Bitcoin’s final line in the sand

Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments.

14.12 / 17:41

business Blockchain Adoption identity IEEE Blockchain Identity of Things standardization working group kicks off

Six worldwide corporations have banded together to start the IEEE blockchain Identity of Things standardization.

14.12 / 09:09

UPS ETF Mobile Invesco Despite omicron risks, Invesco's top global strategist lists emerging markets — including China — as top 2022 investment picks

Invesco's Kristina Hooper sees significant opportunities in regions shunned by a majority of investors.

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