The Digital Yuan (e-CNY), China’s Central Bank Digital Currency (CBDC) is growing at a fast pace as data released by Zou Lan, director of the PBoC financial markets department revealed the new legal t...
Tag: Chinas
China’s digital yuan notches $8.3 billion transactions in half a year
A sign for China’s digital currency, the electronic Chinese yuan (e-CNY) is displayed at a shopping mall in Shanghai on March 8, 2021. STR | AFP | Getty Images BEIJING — In a country where consu...
China’s $1 Trillion Wealth Fund Loses Quant Trading Team Leader
(Bloomberg) — The team leader for quantitative stocks trading at China’s $1.2 trillion sovereign wealth fund has resigned, joining a growing list of departures among the firm’s investing profess...
China’s Property Crisis Reaches Biggest Builder Country Garden
(Bloomberg) — The crisis engulfing China’s property sector is impacting its biggest developer, with Country Garden Holdings Co.’s shares and bonds hammered amid fears that a reportedly failed fu...
China’s zero-Covid policy prolongs supply chain disruptions
Supply chain disruptions are being prolonged driven largely by China’s strict zero-Covid policy, according to an economist from Moody’s Analytics. The bottlenecks have lasted for about a y...
China’s CDBC might be way ahead than the world
China’s CBDC pilot projects have yielded a total of transactions worth $1 billion. Now the CDBC pilot program focuses on winter olympics with all the 7 scenarios being covered. Chinese BSN is planni...
Oil Buyers Unfazed by China’s Plan to Release Oil Reserves
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading sharply higher late in the session on Friday, bolstered by supply constraints and geopolitical concerns ove...
China’s Attempt To Kill The Oil Rally Is Bound To Fail
In normal times, an announcement from China that it would release crude from its strategic reserves would drive oil prices down, but these aren’t normal times and the relentless oil rally has co...
Bitcoin miners finally eradicate China’s dominance from the network
The Great Mining ban of July had a profound impact on the mining industry as after the ban the Bitcoin network lost more than 50% of its hash rate. The widespread effect was as such that miners from o...
The £125m Yorkshire project aiming to break China’s rare earths stranglehold
Saltend BP Chemical Works – A.P.S. (UK) / Alamy Stock Photo Rare earth metals are among the most sought-after substances on the planet, powering everything from smartphones to electric cars and ...
NFT Infrastructure to be delivered this month by China’s Blockchain Services Network
NFT Infra will soon be revamped once China’s BSN delivers a new model A permissioned network will be used which will be delinked to cryptocurrency China has a long and complicated history with crypt...
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’s Unicom will accept digital yuan payment for phone bills
China’s No. 3 telecoms operator has begun taking digital yuan payment for phone bills on its app, the latest big company to support the country’s budding central bank digital currency (CBDC) efforts. ...
Why China’s crackdown on mining is actually good for Bitcoin
China’s crackdown on Proof-of-Work mining last year tested the security of the Bitcoin network and showed that it was far more resilient than once thought. Analysts expected that it would take more th...
China’s e-CNY wallet stands as one of the most downloaded apps
TL;DR Breakdown China’s e-CNY wallet is breaking records by attracting massive downloads days after launch. The increased wallet download has influenced the increase in digital yuan usage in the count...
China’s leading messaging app, WeChat to accept digital yuan settlements
WeChat Pay, the leading messaging platform in China, will start accepting digital yuan payments. This is expected to push the adoption of the e-CNY, given that the messaging app has over one billion u...
China’s Xiangtai food Co. buys 686 spot Bitcoin miners despite mining ban
Xiangtai Food Co., Ltd., a Nasdaq-listed Chinese food company has bought 686 spot Bitcoin miners that are worth US$6 million via its United States subsidiary called SonicHash LLC. While the mining ope...
Kosovo Says “No” to Crypto Mining, Follows in China’s Footsteps
The European nation of Kosovo has banned all bitcoin and crypto mining as a means of saving electricity. The country is currently facing one of the worst energy crises it’s ever experienced, and it’s ...
China’s property problems spread to once-healthy developers like Shimao
InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020. Costfoto | Future Publishing | Getty Images BEIJING —...
China’s largest messaging and payment app WeChat to integrate Digital Yuan
WeChat, China’s largest social messaging and payment app that boasts of over a billion users is all set to integrate the digital yuan payment option on its platform. In China, there is a common trend ...
WeChat Pay announces support for China’s digital yuan
Tencent Holdings’ WeChat App, the largest messaging app in China and one of the most popular payments in the country, has started supporting China’s central bank digital currency (CBDC). A report unve...
China’s PBoC rolls out the pilot version of e-CNY wallet
China is leading among other nations with its central bank digital currency. Last year, the government of the nation introduced its first national digital currency, digital yuan. As the nation steps u...
China’s Digital Yuan Wallet App Now in iOS and Android App Stores – Regulation Bitcoin News
China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded from the iOS and Android...
Trial E-CNY Wallets for iOS and Android Launched by China’s Central Bank: Reuters
Yuri Molchan Chinese central bank has released DCEP wallets for both Android and iOS smartphones According to Reuters, PBOC (the Central Bank of China) has kicked off pilot versions of wallets for dig...
China’s digital yuan wallet goes live on app stores in pilot mode
advertisement A pilot version e-CNY, the mobile wallet for China’s digital yuan, has gone live on iOS and Android app stores in China. Individual users in China may now download a version of the app...
Tesla Criticized For Opening Showroom In China’s Controversial Xinjiang Region
Topline Tesla opened an electric car showroom last week in China’s Xinjiang territory, a move criticized by a manufacturing group and a U.S. lawmaker, making Tesla the latest American company to face ...
Macau Likely to be Test Bed for China’s Digital Yuan: Reuters
Macau is expected to be a testbed for China’s digital yuan, also known as the e-CNY, as casino owners prepare to bid for new licenses in the city for the first time in two decades. Chinese regul...