China Financial News

09.12 / 13:01

Blockchain data Bitcoin Time Returns Bitcoin hash rate returns to all-time high levels

The global hash rate of the Bitcoin network tanked to as low as 84 exahashes per second (EH/s) at the start of June following the Chinese government’s crackdown on the crypto mining sector.

09.12 / 12:17

Ethereum Digital Progressive Action Reserve Australia Reserve Bank, partners announce ‘successful completion’ of CBDC research project

China’s rapid-fire progress with its digital yuan CBDC, spurred rival nations into action. However, it turns out that some of them – like Banque de France – have been carrying out research projects or even CBDC pilots for months. Now, the latest to join this group was Australia.

09.12 / 11:53

China’s Factory-Gate Inflation Softens in November

HONG KONG—China’s factory-gate inflation ebbed in November after hitting a 26-year high, which economists say will give policy makers more room for easing to bolster a slowing economy.

09.12 / 10:25

business cryptocurrency Jail Proposed India bill banning crypto payments could mean jail for violations: Report

Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters.

09.12 / 03:17

cryptocurrency Legal Bitcoin CCP Crypto users Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users

A high-flying regional Communist Party official who was expelled from the party last month for allegedly supporting crypto miners has been arrested. Meanwhile, individuals are being caught sending money abroad using crypto.

08.12 / 20:04

Mining Investing NVIDIA Bitcoin Top 7 Bitcoin & Crypto Mining Stocks You Could Add to Your Stock Portfolio

With the price of bitcoin (BTC) pushing for yet another all-time high before its latest drop, and with the recent shake-up in hash power distribution following China’s bitcoin mining ban last summer, bitcoin mining operations have been enjoying substantial profits.

08.12 / 19:55

Beijing Reins In China’s Central Bank

The People’s Bank of China has never been politically independent like a Western central bank, but it has nonetheless enjoyed a special status in the nation’s economic hierarchy. Now, President Xi Jinping’s shake-up of China’s financial sector is stripping that away.

08.12 / 15:32

CEO Pfizer Political and Business Leaders Share Views on Covid-19, Inflation, China, and Biden’s Social and Climate Bill

The Omicron Covid-19 variant, President Biden’s roughly $2 trillion social-policy and climate bill, inflation and competition with China were some of the issues that engaged business and political leaders this week at The Wall Street Journal’s CEO Council Summit.

08.12 / 14:01

Ethereum cryptocurrency Bitcoin Jail bail India's crypto ban bill could mean arrest and jail without a warrant or bail for violations

08.12 / 04:45

cryptocurrency crypto ban Cryptocurrency Bill Jail Proposed bill banning crypto payments could mean jail for violations

Mumbai: Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters.

07.12 / 22:35

Ethereum cryptocurrency Bitcoin Jail India's proposed bill banning crypto payments could mean jail for violations -document

07.12 / 17:23

Provident Waters China Increasingly Obscures True State of Its Economy to Outsiders

China’s Communist Party has long maintained tight control over information, and the effort has intensified under leader Xi Jinping. The country has become increasingly opaque over the past year, even as its presence on the world stage grows.

07.12 / 10:29

French PM outlines new virus measures amid spike in infections

French Prime Minister Jean Castex announced a series of new COVID-19 measures on Monday as the country grapples with a spike in infections.

07.12 / 10:29

Children Far-right divisions on display after parties fail to agree on EU-wide political group

Leaders of European far-right and populist parties failed to agree on founding a new political group in the European Parliament over the weekend, laying bare their differences.

07.12 / 08:39

NATO What can we expect from Biden-Putin talks over Ukraine tensions?

US President Joe Biden and Russian President Vladimir Putin are due to hold a highly anticipated video meeting on Tuesday amid escalating tensions over Ukraine.

07.12 / 01:43

markets Tether Bitcoin Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market

Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from $2.37 trillion to $1.92 trillion on Dec. 3 and a total of $2 billion long future contracts were liquidated.

06.12 / 23:31

Winter Olympics US announces diplomatic boycott of Beijing Winter Olympics

The United States will stage a diplomatic boycott of the upcoming Winter Olympics in Beijing to protest Chinese human rights abuses, the White House said on Monday

06.12 / 22:28

Blockchain Digital Progressive Platform Winter Olympics e-CNY China’s e-CNY efforts on war footing, but here are the issues that need solving

China has taken several steps to successfully implement its digital Yuan, despite some setbacks in the past. Now, the Beijing Winter Olympics is set to take center stage in February. According to Fan Yifei, a Deputy Governor at the People’s Bank of China (PBOC), infrastructure construction for e-CNY use during the Winter Olympics has entered the “sprint stage.”

06.12 / 20:05

Digital Booking Platform Action Spores X Immortal Studios Announce NFT Partnership

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

06.12 / 16:50

Money restrictions Italy tightens restrictions on the unvaccinated with new COVID pass

Italy has become the latest country in Europe to tighten restrictions on those unvaccinated.

06.12 / 14:05

COST Reserve China’s Central Bank Cuts Reserve Requirement Ratio for Banks

BEIJING—China’s central bank said Monday it would lower the amount of funds banks have to set aside, replenishing liquidity into the financial system in a bid to support the economy and cut financing costs for businesses.

what's happening in China

What is the current situation in China?

In China, the spotlight is on major events that affect the region’s daily life.

Where can I find reliable news about China?

We publish in-depth coverage about the situation in China, based on information from official representatives.

What shapes the media agenda in China?

The news landscape of China is shaped by major cultural and social events, reflecting its specific characteristics.