Richard Turrin – Financial Technology Consultant at CNBC – argued that the Chinese central bank digital currency could challenge the dominance of the American dollar this decade. Specifically, he beli...
Tag: Chinas
China’s Biggest-Ever Collapse Scares Away Dip Buyers
(Bloomberg) — If last year was bad, 2022 is turning out to be even worse for holders of Chinese technology stocks. Still, there are no dip buyers in sight. Most Read from Bloomberg A tech-heavy ...
China’s New Wave of Electric Car Battery Giants Are Going Public
(Bloomberg) — It’s easy to think, with the blizzard of announcements around new EV battery capacity being added in Europe and the U.S., and a blockbuster listing for South Korea’s LG Energy Solu...
Three Of China’s Richest Lose More Than $16 Billion In One Day As Stock Rout Hits Hong Kong-Listed Companies
Tencent cofounder Pony Ma Huateng (Photo by Visual China Group via Getty Images/Visual China Group … [+] via Getty Images) Visual China Group via Getty Images The heavy selloff in Hong Kong stoc...
China’s Richest Drop $53 Billion in a Day as Stocks Plunge
(Bloomberg) — China’s stock rout cost the nation’s richest tycoons more than $53 billion on Monday. Most Read from Bloomberg Zhong Shanshan, known as China’s king of bottled water, led the plung...
China’s Covid outbreak to disrupt tech supply chains, says Marvell CEO
The latest round of coronavirus restrictions in major Chinese cities will likely add to supply chain challenges in the technology sector, the CEO of a semiconductor company told CNBC’s Jim Crame...
China’s Bitmain Gets Foothold in US Crypto Mining Operation
Chinese chipmaker Bitmain has secured a foothold in one of America’s largest crypto-mining centers with a partnership with Allrise Capital. Together, they plan to convert a former paper mill in Washi...
China’s Tech Rout Deepens Amid Lockdown, Geopolitical Worries
(Bloomberg) — The relentless selloff in Chinese technology stocks continued in Hong Kong on Monday as a lockdown in Shenzhen, a key sector hub, added to investor angst over geopolitical and regu...
China’s Digital Yuan Targeted in New Bill From 9 GOP Senators
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
$1.5 trillion omnibus bill leaves the House with provisions targeting ransomware and China’s digital yuan
advertisement A long-delayed appropriations bill for 2022 has passed in the House of Representatives and is heading for the Senate as of March 9. Included in the bill’s 2,741 pages of legislatio...
Republican lawmakers introduce bill targeting China’s CBDC on sanctions, privacy
Nine Republican senators have backed legislation aimed at directing the policy of U.S. government agencies around concerns that China’s digital yuan may be used to circumvent sanctions and compromise ...
New Senate bill sounds the alarm on China’s digital yuan
advertisement A new bill in the US Senate takes aim at China’s new central bank digital currency (CBDC). On March 9, Senators Bill Cassidy (R-LA) and Marsha Blackburn (R-TN) introduced the ̶...
Federal Reserve works with China’s blockchain ally for instant payments
The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure. On Tuesday, the Fed officially launc...
Blockchain in China’s car industry to reduce costs
Blockchain is used on a large scale in the Chinese car industry to reduce costs It is used for data recording which leads to reduced production costs Different brands have started adopting the new t...
Russian Banks Seeks Help from China’s UnionPay amid Crackdown from Mastercard & Visa
Following the service cut from American payment giants Mastercard and Visa, the Central Bank of Russia (CBR) has informed its citizens that credit and debit cards issued by these service providers wil...
How China’s Car Makers Are Using Blockchain to Cut Costs
China’s auto industry is following the lead of global car brands like BMW, Mercedez Benz, and Toyota and using blockchain technology for data recording and to reduce production costs. According to Aut...
Russia Turns to China’s UnionPay System Amid Visa and Mastercard Departures
Visa and Mastercard joined the growing list of western financial companies that announced plans to withdraw from Russia. Looking for alternatives, the nation’s central bank said it has turned to China...
China’s tech giants face a domestic backlash for exiting Russia — Quartz
US and European firms have scrambled to comply with sweeping western sanctions issued in response to Russia’s invasion of Ukraine. But for many Chinese tech companies, it will be tough to satisfy both...
80% Of China’s Crypto Fradulent Schemes Carried Out Using USDT
Several cryptocurrencies have been implicated as the biggest facilitators of crypto crime in China.Citing data from a large number of valid cases related to crypto fraud and money laundering, Ethereum...
Sanctions on Russia Puts Focus on China’s Central Bank
(Bloomberg) — China’s central bank could provide a financial lifeline to Russia if Beijing decides to buck Western efforts to cut its strategic partner out of the global financial system. Most R...
Is The Worst Over For China’s Internet Giants?
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Monday, Feb. … [+] 21, 2022. (Photo by Qilai Shen/Bloomberg) © 2022 Bloomberg Finance LP China’s largest i...
Neo users explain why they’ve held on to the project despite China’s heavy crypto crackdown
It’s been a wild ride for Neo investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations applicable to the project, which has been dubbed by...
China’s Supreme Court Declares Crypto Fundraising Is Illegal
China’s Supreme Court adds fuel to the fire after the Russian military attacks on Ukraine slipped the crypto market cap to 1.5 trillion. The court declares crypto-fundraising illegal and determines ja...
China’s Overtime Culture Under Scrutiny After Tech Worker’s Death
People walk past the headquarters of ByteDance, the parent company of video sharing app TikTok, in … [+] Beijing on September 16, 2020. GREG BAKER/AFP via Getty Images ByteDance, operator of the...
China’s trade with Russia won’t offset sanctions, U.S. says
Russia’s Deputy Prime Ministers Yuri Trutnev, Tatyana Golikova, Andrei Belousov, Alexander Novak and Dmitry Chernyshenkosign joint documents following a video conference call between Prime Minis...
China’s Bitcoin Crackdown Strengthens With Potential Fines, Jail Sentences
In brief China’s Supreme Court has issued a ruling that specifies penalties for offenders who use cryptocurrency to raise funds. Penalties range up to 10 years in prison and fines of up to 500,000 yua...
China’s finance ministry on tax breaks, spending on homegrown tech
A worker in a dust-proof suit controls an LED epitaxy chip production line at a semiconductor workshop in Nanchang, Jiangxi Province, on Jan. 26, 2022. Future Publishing | Future Publishing | Getty Im...
China’s Latest Default Warning Takes Shock Factor to Extreme
(Bloomberg) — Only seven weeks ago, Zhenro Properties Group Ltd. looked like a rare beacon of strength in a Chinese real estate industry reeling from an unprecedented stretch of defaults. Most R...
New Covid wave in Indonesia puts China’s Sinovac to the test
Indonesian Red Cross officers spray disinfectant at the Pondok Bambu residential area in Jakarta, Indonesia on February 10, 2022. This action as an effort to suppress the omicron variant of the corona...
Cnooc’s $13 Billion Oil, Gas Deals Show China’s Supply Fears
(Bloomberg) — China National Offshore Oil Corp. struck $13 billion worth of deals to boost oil and gas supply, as the country aims to avoid a repeat of last year’s energy crunch. Most Read from ...
Commentary: Bitfinex Trading Team On Bitcoin Price Amidst Fed Increased Rates, China’s Lockdown
The Fed is expected to announce an increase in interest rates by 25 basis points, as Analysts predict. The Ukraine-Russian crisis continues while diplomats from both countries hold the fourth round o...