American companies such as Tesla have had their China operations disrupted by Covid lockdowns in … [+] Shanghai in the past several weeks. (Photo by Xiaolu Chu/Getty Images) Getty Images Shangha...
Tag: China
Asia Stocks, US Futures Rise as China Curbs Eased: Markets Wrap
(Bloomberg) — Stocks in Asia and US futures advanced Monday after China eased some virus curbs and Wall Street had its best week since November 2020. Most Read from Bloomberg Japanese equities l...
Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn’s China Dilemma
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices: B...
China Express Delivery Billionaire Leaves Alibaba-Backed ZTO
Staff members disinfect express parcels at a branch of ZTO Express on May 11 in Beijing, China. … [+] (Photo by Cui Jun/Beijing Youth Daily/VCG via Getty Images) VCG via Getty Images China billi...
Volkswagen says supply-chain problems are easing even as some Audi buyers face year-long wait times
Executives with German automobile maker Volkswagen said at the World Economic Forum meeting in Davos, Switzerland, that supply-chain problems exacerbated by the Russia-Ukraine war are easing but they’...
U.N. Visit To China Fails Victims And Aids State Propaganda
The U.N. visit to China failed victims who have been silenced yet again. Michelle Bachelet’s trip to China marks the first time a U.N. human rights commissioner has had access to China since 2005. How...
STEPN Set to Ban Mainland China Users in Compliance with Regulators
Well-known move-to-earn game STEPN announced on Thursday that it will stop offering IP and GPS-related services to users from mainland China, as required by the authorities. The new ban will come into...
China Tests CBDC to Track Student Card Purchases – crypto.news
In the latest CBDC trial in China, the government tracked purchases made through the digital yuan CBDC student card. China CBDC Trials Continue China is inarguably the global leader when it comes to p...
Taiwan Covid Deaths Hit Daily Record 127, GDP Growth Slowing
Shoppers wearing protective masks walk through a market in Taipei on May 23. Photographer: I-Hwa … [+] Cheng/Bloomberg © 2022 Bloomberg Finance LP Taiwan, home to many of the world’s largest tec...
STEPN (GMT) Price Rebounds After Recent Plummet Due to Ban in China News
3 hours ago | 2 mins read Altcoin News A weaker follow-up move could lead to a breakdown toward $0.54. The oversold RSI indicates that GMT is in the midst of a bottom. The steep decline in STEPN (GMT)...
Stepn to block mainland China users to comply with regulatory policies
The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements. The company’s uncertainty has been fueled by rumors that it will ...
Stepn ‘Move-to-Earn’ Cryptocurrencies Plummet After App Says It Will Block Users in China
Tokens underpinning the popular “move-to-earn” crypto app Stepn have plummeted following news that the game would be blocked for users in Mainland China. “If users in mainland China ...
STEPN Token Crashes Following China Ban Announcement
The two popular twin tokens, STEPN (GMT) and Green Satoshi (GNT), plunged following the announcement that the app would ban players from mainland China. GMT fell from $1.24 to $0.83 following the ban ...
Move-to-Earn App STEPN Hit Hard by China Ban
Key Takeaways STEPN has announced plans to cut access to users playing from mainland China. Starting Jul. 15, users playing from mainland Chinese IP addresses will have their GPS services cut, stoppin...
Russia Sends Record Volumes Of Oil To India, China
While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports, India and China have stepped up purchases and are importing record volumes of Russian crude, ac...
STEPN Bans Users From China, Tokens Price Drops
7 hours ago | 2 mins read NFT News Only 3% of the STEPN user population belongs to China. GMT & GST price drops as the effect of the functionality stops. STEPN dapp is planning to prohibit the use...
Pinduoduo Beats Estimates, Hong Kong Cheers Internet Earnings, Week In Review
China Last Night KraneShares Week in Review Asian equities had a relatively upbeat week overall as President Biden visited the region and China internet earnings season kicked off with a few surprises...
Why is STEPN (GMT) Dumping? Move-to-Earn App Bans China Users
The price of STEPN (GMT) has dropped by near 40% following news that the Solana-based Move-to-Earn application will ban users from mainland China. According to a Thursday Twitter post, the ban was imp...
India needs to fill China gaps to become the “pharmacy of the world”
India has embarked on an ambitious plan to cut dependence on China for key raw materials as it seeks to become self-sufficient in its quest to be the “pharmacy of the world.” Varun Singh B...
US Senators Introduce Draft Bill to Proscribe China Digital Yuan from American App Stores
Republican senators have highlighted a potential threat posed by the digital yuan and have proposed a bill to outlaw them from US app stores. A trio of US senators introduced a bill that bars American...
Alibaba & Baidu Beat!
China Last Night KraneShares Key News Asian equities were mixed overnight as Indonesia, like many European markets, was closed for Ascension Day. The State Council held a conference call with a rumore...
STEPN removes GPS in China, can the value of the token recover?
STEPN GMT/USD is a web3 lifestyle application that features built-in Game-Fi and Social-Fi elements that aim to aid people in their daily activity needs. In other words, it is a fitness tracker that ...
Recovering despite lack of Chinese visitors
Air travel in Singapore is recovering and has reached around 40% of pre-Covid levels despite China’s border restrictions, Transport Minister S. Iswaran said. China’s passenger traffic is s...
Big Lots, Hibbett, Pinduoduo and others
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earning...
STEPN removes GPS in China amid regulatory concerns – price drops 40%
? Want to work with us? CryptoSlate is hiring for a handful of positions! STEPN, the revolutionary move-to-earn project, has announced they will be forced to stop providing GPS services to users withi...
China’s ‘Zero Covid’ Mess + Ukraine Crisis = Global Recession
Delivery workers wearing protective gear check their phones during a lockdown in the Jing’an district of Shanghai on May 25, 2022. HECTOR RETAMAL/AFP via Getty Images The global economy arguably...
Macy’s, Twitter, Medtronic and more
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and ...
China Protesters Demand Back Billions Invested in Suspected Scam
(Bloomberg) — Hundreds of people took to the streets of the largest city in China’s Henan province this week, calling on authorities to ensure the return of tens of billions of yuan invested in ...
Hong Kong Cheers NetEase & Kuaishou Results
China Last Night KraneShares Key News Asian equities were largely higher as China outperformed while Japan, India, and Indonesia were off slightly. US-listed China internet stocks fell yesterday despi...
BABA Stock: China Internet To Report Results
The bellwether stock for China internet companies, e-commerce giant Alibaba Group (BABA), reports quarterly results early Wednesday. The report on BABA stock could give insight into where the economy ...
Global Chip Supply-Demand Imbalance Is Spurring Industry Change: NXP CEO Kurt Sievers
Visitors gather around a NXP trade show pavilion in Europe. Photographer: Simon Dawson/Bloomberg © 2015 Bloomberg Finance LP As the global semiconductor industry approaches mid-year, demand continues ...