Chinese local governments have included the metaverse for the first time in their plans for 2022, suggesting potential government approval for a new and upcoming space. The Shanghai Municipal Commissi...
Tag: China
A Former US Senator and Ambassador to China on the Need for Stablecoin Regulation
This episode is sponsored by Nexo, Abra and FTX US. Download this episode This week’s “Long Reads Sunday” reading is Max Baucus’ “The Urgent Need for Regulatory Clarity on Stablecoins.” See also: Stri...
China to Launch State-Backed, Crypto-Less NFT Platform
China’s state-upheld Blockchain Services Network is getting ready for NFT-like computerized collectiblesChina will keep a close eye on digital collectiblesThe organization will purportedly be incongru...
Here’s how China might be leading the CBDC race as Winter Olympics draws near
One might be tempted to think that China has dropped out of the crypto race, due to its stance against crypto transactions and more recently, NFTs. However, the country’s latest CBDC adoption stats su...
U.S. Trade Merchandise Deficit Topped $1 Trillion For First Time In 2021
The sunset illuminates the scene of dozens of container ships siting off the coast of the ports of … [+] Los Angeles and Long Beach, waiting to be unloaded last fall. Los Angeles Times via Getty...
China integrates Blockchain Tech with agriculture to regain Consumer trust
China has been in the spotlight for producing fake products which have a worldwide distribution. Guiyang is promoting big data integration in rural revitalization, says Ma NIngyu The edible fungus in...
Xi Reshapes China Property Market Paving Way for State Dominance
(Bloomberg) — For any government, overhauling a nationwide residential real estate market would be risky under the best of circumstances. Chinese President Xi Jinping is attempting it at a time ...
Denmark Latest Country To Join U.S.-Led Diplomatic Boycott Of Beijing Olympics
Topline Denmark will not send diplomats to next month’s Beijing Winter Olympics, marking the latest country to boycott the event due to human rights abuses in China, and the Netherlands is keeping its...
China preps infrastructure for state-backed NFTs
Crypto’s enemy number one, China, is preparing to roll out its own state-backed blockchain infrastructure to support the deployment of NFT-like collectibles, South China Morning Post reported. The inf...
China’s Trade Balance Improves In December, Week In Review
China Last Night KraneShares Week In Review Health care gained Monday as China continues to battle covid-19 outbreaks with the city of Xian locked down, leading to increased demand for testing and vac...
China uses Blockchain Tech to Regain Consumer Trust
Fake food: Rebuilding trust in food products in China will take a lot of work. The industry is rife with counterfeits, mislabeled products and dangerous fakes. But now, with blockchain tech, there cou...
China to Launch State-Backed, Crypto-Less NFT Platform—Here’s Why It Matters
In brief China’s state-backed Blockchain Services Network is preparing infrastructure for NFT-like digital collectibles. The network will reportedly be incompatible with external NFTs and will not acc...
Blockchain Services Network of China (BSN) Joins the NFT Train
Blockchain Services Network (BSN) has revealed plans to launch a non-fungible tokens (NFT) infrastructure dubbed the BSN-Distributed Digital Certificate (BSN-DDC) before the end of January 2022. The p...
China to build its own NFT industry using state-owned blockchain tech
advertisement The Chinese state-backed blockchain deployment infrastructure platform Blockchain Services Network (BSN) is moving closer to supporting NFTS — under the condition that the NFTs are...
China wants to separate cryptocurrencies from NFT trading
TL;DR Breakdown • BSN Network will create an NFT project to create tokens without cryptos.• China continues to fight cryptocurrencies as the market recovers its value. Almost a year after the massive ...
Government-backed Services Network is Building NFT Infrastructure In China
China’s government seems to be embracing non-fungible tokens (NFTs) over cryptocurrencies. Hong Kong news outlet The South China Morning Post reported today that the government-backed China blockchain...
Investors Ask “Where’s The Stimulus?”
China Last Night KraneShares Key News Northern Asia equity markets were largely off aside from Taiwan’s small gain. South Asia and India performed well as the Philippines outperformed. The Hang Seng I...
China Decoupling From Bitcoin – Trustnodes
The once dominant Chinese market now appears to have little influence on bitcoin’s price with Asia’s trading hours seemingly becoming a bit quiet. On a day that had much activity on stock trading, wit...
Will The Energy Crisis Help Clean-Up Bitcoin?
(Photo by ABDUAZIZ MADYAROV/AFP via Getty Images) AFP via Getty Images The fact that we are in the grip of a global energy crisis is now beyond doubt. In the UK there are a slew of energy businesses ...
Omicron will challenge Hong Kong’s zero-Covid policy: Ex-U.S. diplomat
The highly transmissible omicron variant is going to be a “very difficult challenge” for Hong Kong as the city sticks to its zero-Covid policy, a former U.S. diplomat told CNBC. There will...
China: What to know about state-backed BSN’s efforts to create ‘Chinese NFT’ industry
The NFT craze has come to China, but one can hardly see any trace of crypto in it. Over the last few months, Chinese social media and gaming giant Tencent has built an NFT purchase and collection app....
China critic Sen. Tommy Tuberville once again bought Alibaba stock
Sen. Tommy Tuberville, R-Ala., conducts a news conference in the senate subway to propose a vote on the January 6th commission today and delay the Endless Frontier Act and the Innovation and Competiti...
Alibaba Stock, JD.com, and Others Are Soaring. Here’s Why and Who to Thank.
Text size An Alibaba Group sign David Becker/Getty Images Chinese tech stocks are soaring. Many have been looking cheap of late, and soothing words from Federal Reserve Chair Jerome Powell only fueled...
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China – Bitcoin News
The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps ha...
Goldman cuts China GDP for 2022 amid lockdowns, omicron
Traffic police and epidemic prevention personnel work together to check vehicles at a highway entrance in Zhengzhou, the capital of Henan province, China, on the afternoon of January 8, 2022. Costfoto...
World’s Worst-Performing Bank Lent Billions to China Evergrande
(Bloomberg) — It was once hailed as the future of Chinese banking, a privately run lender that would mint money by outmaneuvering its state-owned rivals. Most Read from Bloomberg An ill-fated pu...
Powell’s Dovish Comments Let Markets Fly
China Last Night KraneShares Key News Asian equities had a strong day as Japan, China, Hong Kong, Taiwan, and South Korea posted impressive returns following US Fed Chairman Powell’s dovish comments, ...