New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China...
Tag: China
Black Box Data Reportedly Suggest China Eastern Jet Crash Was Intentional
Topline Data from a black box recovered from the wreckage of a China Eastern Boeing 737-800 jet that crashed in March, killing all 132 onboard, indicate someone in the cockpit intentionally caused the...
Vice Premier Attends Internet Meeting, JD Earnings Beat Expectations
China Last Night KraneShares Key News Asian equities had a strong session overnight as all markets were in the green and Hong Kong and India outperformed. Hong Kong internet stocks had a strong day fo...
China returns as 2nd top Bitcoin mining hub despite the crypto ban
The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs, accor...
Luna Trading Draws Online Discussions in China Despite Crypto Ban
As the ever-evolving cryptocurrency is gaining global attraction the value of some of the world’s most prevailing digital currencies and non-fungible tokens (NFTs) has increased the curiosity of Chine...
Bitcoin, Ether Hover Above Support Amid China Optimism, U.S. Futures Bump
Lately correlated nearly 1:1 with broader equity markets , cryptocurrencies were ahead 3.2% after nearly a week of declines that saw bitcoin (BTC) fall to as low as $24,000. At current press time, the...
Disciplined Growth Makes Skechers USA A Quality Holding
Photo by: NDZ/STAR MAX/IPx 2021 12/16/21 People walk through Times Square along 42nd Street in … [+] Midtown Manhattan on December 16, 2021 in New York. NDZ/STAR MAX/IPx I first made Skechers US...
China re-emerges as second-largest bitcoin mining center despite recent ban
Despite the intense pressure from the Chinese government last year to crack down on cryptocurrency operations, especially mining, the country has again surfaced as one of the biggest Bitcoin mining ju...
Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm
The ATL Logistics Centre in Kwai Chung, Hong Kong is jointly owned by NWS and Goodman Group. Courtesy of NWS Holdings NWS Holdings—a unit of New World Development that’s controlled by billionaire Henr...
Global Car Sales To Fall, Spooked By Russian Invasion, China’s Shutdown
Aerial view Vehicle carrier vessel cruising at car park in sea port or manufacture waiting for … [+] shipping export to worldwide. getty Global car sales were supposed to rally this year as manu...
High court in China is saying Bitcoin is protected by law
The court said that Bitcoin has monetary worth, while hearing a question between two people The High People’s Court is the most noteworthy court in a Chinese area China has prohibited all crypto excha...
Some factories might leave China, but big picture it doesn’t matter
China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term. An employee works on the production line of the screens for 5G smartphones a...
Why ‘Doctor Strange 2’ Dropped 67% Last Weekend
(L-R): Rachel McAdams as Dr. Christine Palmer, Benedict Cumberbatch as Dr. Stephen Strange, and Xochitl Gomez as America Chavez in Marvel Studios’ DOCTOR STRANGE IN THE MULTIVERSE OF MADNESS. Ph...
Will Europe Ignore U.S. Warnings About China Like They Ignored Warnings Of The Russian Invasion Of Ukraine?
TOPSHOT – French President Emmanuel Macron (2ndL) welcomes EU Commission President Jean-Claude … [+] Juncker (L), German Chancellor Angela Merkel (C) and Chinese President Xi Jinping (R) b...
No Surprise In April Data As Lockdowns Weigh On Economic Activity
Key News Asian equities were largely higher following the US market’s rip higher on Friday though China was off and several markets were closed for Vesak Day, one of the most sacred days for Buddhists...
China: High Court defines Bitcoin as a protected asset
In China, the High Court has ruled that Bitcoin is subject to property rights and is therefore a legally protected asset. China’s High Court rules on Bitcoin Last week, the following message was poste...
Retail’s Worry: As Philippine Trade Ramps Up
MANILA, PHILIPPINES – MAY 07: Ferdinand “Bongbong” Marcos Jr. waves a Philippine flag during his … [+] last campaign rally before the election on May 07, 2022 in Paranaque, Met...
Bitcoin Protected Under Chinese Law, Says China High Court
A new ruling from the Shanghai High People’s Court in China added a new twist to its view on cryptocurrency after declaring Bitcoin as a virtual asset protected by Chinese law. The Court also deemed B...
China Cuts Mortgage Rates to Counter Collapse in Home Sales
(Bloomberg) — China’s central bank effectively cut the interest rate for new mortgages in an attempt to prop up the ailing housing market and boost the slowing economy. Most Read from Bloomberg ...
China, Russia tipped to power up energy ties as Europe weans itself off Putin’s oil and gas
Energy cooperation between China and Russia is expected to step up, according to observers in China, as Europe looks to wean itself off Russia’s oil and gas after the Ukraine war. The assessment...
Covid-Hit Shanghai To Allow Gradual Reopening Of Malls And Markets, Xinhua Says
Members of a disinfection crew ride bicycles down a street in Shanghai, China on Saturday, May 7. … [+] Source: Bloomberg © 2022 Bloomberg Finance LP Shanghai will gradually allow shopping malls...
World Takes Cover From Stock Chaos in Oil, Utilities and China
(Bloomberg) — Optimism may be in short supply for equity investors caught in the downdraft of volatile global markets, but pockets of shelter are emerging. Most Read from Bloomberg From banks be...
Blackrock Abandons China, Sunac Liquidity Crisis, and Unemployment Rises in China – crypto.news
China’s economy is experiencing one of its most challenging times. One of the leading American-based investment companies, Blackrock, recently abandoned China’s bullish call. The Multinational company...
AI For Sustainability, The Billionaire Betting Against Coal And Tesla Facing Lower China Sales
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Farmwise makes robots that weed vegetable...
Internet Stocks Rally, China’s Weight To Increase In MSCI EM, Week In Review
China Last Night KraneShares Week in Review Asian equities saw another week of turbulent trading as the market continues to price in risks though Mainland China held up better than most markets in Asi...
“Gigantic” Impact From China Lockdowns To Hit Auto Industry Globally: Automobility’s Bill Russo
Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in 2020, … [+] underscoring the country’s importance to the U.S. automaker. (Photo by STR / AFP) / China ...
US Dollar Strength Weighs On CNY
China Last Night KraneShares Key News Asian equity markets were all down overnight. It was a light news day as Fed hike fears and the strong dollar weigh on local sentiment. According to Bloomberg New...
Bitcoin as Virtual Asset in China: Protected by Chinese Law – Coinpedia – Fintech & Cryptocurreny News Media
China has recently banned financial institutions and payment companies from providing services to cryptocurrency transactions. Saying that financial institutions, including banks, and online payments ...
Coach owner Tapestry cuts profit outlook as China lockdowns dent demand
Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China. VCG | Visual China Group | Getty Images Coach owner Tapestry on Thursday trimmed...
Why Would Anyone Invest In China Right Now?
Shanghai: in lockdown for over a month. (Photo by STR / AFP) / China OUT (Photo by STR/AFP via Getty … [+] Images) AFP via Getty Images You might not want to hold the Direxion 3x China Bear (YAN...