China Financial News

01.11 / 07:53

Mining Bitcoin Industrial Bitcoin mining breathes new life into tiny Texan town

Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas.

31.10 / 06:21

COST Manufacturing China’s Manufacturing Activity Contracts for Second Straight Month

BEIJING—A contraction in China’s factory activity worsened for a second straight month in October, adding evidence that growth momentum has weakened as the country’s vast manufacturing sector is weighed down by soaring raw material costs, a widespread power crisis and a sharp slowdown in the property sector.

30.10 / 11:55

Health G20 Children G20: US and Europeans to discuss Iran nuclear programme in Rome

US President Joe Biden will meet with the leaders of Germany, France and the United Kingdom to discuss Iran's nuclear programme on the sidelines of the Group of 20 summit in Rome.

30.10 / 00:15

business Government Blockchain Mark Warner CFPB US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation

U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to make certain as you exercise those oversight responsibilities that we don't stifle innovation in this arena.”

29.10 / 14:55

business Ban Bitcoin Huobi closes crypto derivatives as part of wind-down for Chinese traders

Major cryptocurrency exchange Huobi has ended futures and other derivatives trading in mainland China today, as planned.

29.10 / 14:55

Evergrande makes second late payment, avoiding default again

China Evergrande Group avoided default for a second time by making an overdue interest payment on dollar bonds shortly before the end of a 30-day grace period, people familiar with the matter said.

29.10 / 14:37

Eurozone Economy Outpaces U.S., China, but Tougher Times Lie Ahead

FRANKFURT—The eurozone economy grew briskly in the summer, outpacing the larger U.S. and Chinese economies as the loosening of social restrictions and widespread vaccinations powered the region’s comeback from the Covid-19 pandemic, but supply-chain bottlenecks and rising prices are expected to hold growth back in the coming months.

29.10 / 06:03

UPS Waves Amazon Platform Alibaba is ramping up in Europe, and is already ahead of Amazon in one region

BEIJING — Alibaba is investing further in Europe for Singles Day this year, as the Chinese tech giant competes with Amazon for the European Union's exploding e-commerce market.

29.10 / 05:21

Facebook FIVE Digital Racing Five reasons why central banks want to get into the CBDC game

The race to release a fully-operationalCBDC system has been waging for several months now. Now, while many countries remain interested in the same, only a handful of nations led by China have been actively working on them. Needless to say, this has precipitated the views of quite a lot of people everywhere.

28.10 / 19:39

UPS CEO Mobile India unlikely to ban crypto as it is ‘old school’ according to this exec

H2: Time for India to take cognizance of China’s CBDC development?

28.10 / 16:19

China junk bond market stalls on Evergrande crisis

Junk-bond issuance by China’s riskier companies has nearly ground to a halt, creating more challenges for the country’s real-estate developers that need to roll over more than $40bn in dollar debt by the end of next year.

28.10 / 13:21

Blockchain Ethereum Progressive Ethereum’s 2022 priorities include transfer of PoS, sharding and merging, and…

Around the time the Ethereum community was preparing for the Altair upgrade, Vitalik Buterin was giving a speech at the Wanxiang Blockchain Summit. Buterin also took part in a panel discussion, revealing some insights into Ethereum’s roadmap.

28.10 / 11:23

markets Mining Bitcoin New Bitcoin hash rate highs remove any trace of China mining ban

Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year.

28.10 / 07:23

COST UPS NOT China is ramping up coal imports from Russia — but not Australia

BEIJING — As China tries to resolve its power shortage, the country is also ramping up its coal imports — bringing in three times as much coal from Russia compared to last year, China customs data show.

27.10 / 21:51

Waters Chinese Workers Say They Are Lured Abroad and Exploited for Belt and Road Jobs

SINGAPORE—Chinese laborer Zhang Qiang set off for Indonesia in March to work for a Chinese steelmaker. Six months later, he was wading through the waters off Malaysia’s shores with four other men, fleeing what he called a scam.

27.10 / 21:41

India: A law to regulate the crypto-industry could come as soon as…

Though India and China are in competition across a variety of industries, one wouldn’t think this when comparing the countries’ respective crypto-scenes and CBDC programs.

27.10 / 19:17

BTC Digital Maxim Bitcoin Is this Bitcoin FUD over for good

A few months back, the Bitcoin industry was slapped with another ban from China. It wasn’t a new occurrence either, with multiple bans surfacing over the years. However, it specifically restricted the BTC mining sector in the Chinese provinces. The ban possibly played a cascading role in Bitcoin’s corrections during May 2021, fueling numerous FUDs.

27.10 / 18:07

China’s Ambitious Climate Goals Collide With Reality, Imperiling Global Efforts

China, the world’s largest greenhouse-gas polluter, is heading to Glasgow climate talks next week with a bold agenda: For the first time, it promises to take major steps to wean itself off fossil fuels, committing to net-zero emissions before 2060.

27.10 / 16:43

UPS Kucoin Twitter Q3 report Q3 KuCoin’s Q3 report says THIS will happen to its KCS token

Many of 2021’s most exciting developments in the crypto-sector were overshadowed by regulatory pressure and even outright bans by China and other countries. Apart from traders, crypto-exchanges also bore the brunt of this.

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