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Nalezeno "China": 5067

China Bank Account Freeze Controversy: Authorities Reveal Latest Reimbursement Plan, Three Officials Now Under Investigation

31.7.2022
In a move seen as an attempt to pacify protesting bank clients, Chinese authorities in Henan province announced their latest repayment plan which sees customers with deposits ranging between $14,827 and $22,240 qualify for reimbursement. In addition, authorities said two unnamed officials from...

Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook

28.7.2022
Pierre-Olivier Gourinchas is the Economic Counsellor and the Director of Research of the International Monetary Fund (IMF). _________ The world’s three largest economies are stalling, with important consequences for the global outlook. Inflation is a major concern.... Read More: Global Economic...

Tether says it holds zero Chinese commercial paper, denies 85% exposure

27.7.2022
Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago

Official explains why China CBDC should not be as anonymous as cash

26.7.2022
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said

Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report

25.7.2022
A KPMG/HSBC survey finds NFTs and DeFi are more popular with Asian Pacific big startups than EV charging, quantum computing and a host of other new technologies

Targeting the US Dollar’s Hegemony: Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency

24.7.2022
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve...

Social Media Users Deride China’s Reported Use of Military Tanks to Intimidate Protesting Bank Customers

23.7.2022
Social media users have slammed China’s reported use of military tanks to intimidate bank customers protesting against the freezing of their savings. Some users claimed the deployment of military tanks exposes the country’s underlying economic problems. Crypto proponents see the issue...

Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions

22.7.2022
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year...

Pro Bitcoin traders are uncomfortable with bullish positions

22.7.2022
BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000

Xiaomi Files Patent to Create Its Own Blockchain-Powered Virtual Characters

22.7.2022
Xiaomi, one of the biggest mobile phone and tech companies in the world, has introduced a patent that implements blockchain technology for the creation of its own virtual characters. The patent, introduced in China, mentions that the creation of these characters will be randomized thanks to...

Tron’s Justin Sun Eyes ‘Acquisition’ Move for Tencent’s NFT Division

21.7.2022
The Tron (TRX) founder Justin Sun says that TronDAO, a decentralized autonomous organization (DAO) that governs the Tron network’s development, wants to “acquire” a non-fungible token (NFT) arm of the Chinese tech powerhouse Tencent.... Read More: Tron’s Justin Sun Eyes ‘Acquisition’ Move...

Local Tax 'First' for Digital Yuan as Pilot Continues to Broaden Scope

20.7.2022
Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks. Per the China Securities Network and the People’s Daily, the first person to use the digital CNY in such a manner was a...

Ethereum Merge Date Proposed for September, Liquidator Comes for 3AC, US SEC Talks Exemptions + More News

15.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: Ethereum Merge Date Proposed for September, Liquidator Comes for 3AC, US SEC Talks Exemptions + More News

Two Bitcoin price prediction polls, same outcome: $10K BTC is coming

15.7.2022
While a classic technical indicator could be hinting at BTC price falling below $13,000 as well

More than 2.6 million users signed up for the City of Shenzhen's digital yuan airdrop

14.7.2022
The city has about 18 million residents in its prefecture-level area

Fasset Collaborates with Mastercard, New York Yankees' Bitcoin Deal, Tencent Shutters NFT Platform, Crypto Industry Donates to US Senator + More News

14.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: Fasset Collaborates with Mastercard, New York Yankees' Bitcoin Deal, Tencent Shutters NFT Platform, Crypto Industry...