Chinese law enforcement shut down a money laundering operation that used digital yuan. The country has also added more provinces to its CBDC testing program. Authorities in China have put a stop to a ...
Tag: Chinese
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’ – Economics Bitcoin News
Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of...
Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years – Economics Bitcoin News
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every...
Biden Vows To Defend Taiwan From Chinese Invasion And Declares Covid Pandemic ‘Over’ In 60 Minutes Interview
Topline President Joe Biden said the U.S. military would defend Taiwan if the island was invaded by Chinese forces, in a broad-ranging interview on CBS 60 Minutes broadcast on Sunday where he also sai...
Chinese Court Rules Crypto as Virtual Property Protected by Law
Bitcoin News Wenjie is entitled to the protections accorded to the owner of virtual property. In its ruling on cryptocurrencies, the court said that although LTC is a “network currency.” According to ...
Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules – Regulation Bitcoin News
A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulatio...
Chinese Court Approves Trading Crypto Solely as a Virtual Asset – crypto.news
A Chinese court has ruled that citizens may trade cryptocurrencies but not use them as a substitute for money. Beijing Court Approves Crypto Trading as a Virtual Asset Despite China’s ban on digital a...
Chinese court approves crypto trading but not its use as a cash substitute
A Chinese court has ruled that citizens can still trade cryptocurrencies despite the country’s ban on digital asset services. Notably, China has an existing ban on cryptocurrency trading, citing a thr...
Why Is Biden Restricting More Chip Tech To China? It’s Complicated.
Yitian 710 server chip developed by Alibaba’s in-house semiconductor unit (Photo by Xu Kangping/VCG … [+] via Getty Images) VCG via Getty Images The Biden administration plans to broaden c...
Chinese smartphone boom ends as domestic shipments in China drop over 30% YoY
It seems that the Chinese smartphone boom has ended as domestic smartphone shipments register a sharp decline. Covid lockdowns have wreaked havoc on the Chinese economy, with smartphone sales falling ...
Chinese Central Bank Seeking Interconnectivity of e-CNY
People’s Bank of China (PBoC) consistently seems to make efforts to take crucial steps to make e-CNY more relevant and useful. Another such effort came recently when the bank proposed a regime to set ...
Chinese Tech Titans Are Losing Their Global Backers
Ma ”Pony” Huateng, cofounder of Tencent Holdings Ltd. (Photo by Jerome Favre/Bloomberg) © 2015 Bloomberg Finance LP China’s biggest technology companies, which had generated rich returns f...
Chinese EV giant BYD plans to build a passenger car factory in Thailand
Chinese electric car company BYD has expanded rapidly overseas, including announcements in recent months of plans to enter Thailand’s and Japan’s passenger car markets. Pictured here is a ...
Here’s what CZ says about Binance definitely not being Chinese
Listen to this article. Binance CEO Changpeng Zhao (CZ) has published a blog post responding to allegations that Binance is a Chinese company. For context, Binance has three major ties to China: CZ li...
Indian agency searches fintech Paytm, Razorpay and Cashfree offices in Chinese loan apps probe
India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese loan...
Binance CEO Changpeng Zhao Says Top Exchange Is Not ‘Chinese Company’ Amid Accusations
Changpeng Zhao, CEO of Binance, is addressing what he says are attacks on the crypto exchange’s reputation. In a new blog post, the Chinese-Canadian billionaire says that Binance has been subject to m...
Chinese E-Commerce Companies Suffer as Economy Sours
Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce com...
Binance Chief CZ Refutes Claims Linking The Company To The Chinese Government
Join Our Telegram channel to stay up to date on breaking news coverage Chief Executive Officer of Binance Changpeng Zhao (CZ) has responded to rumors that his company is a Chinese-based “criminality e...
Chinese Stock’s Wild Run Sees $19 Billion Wiped Out in Two Days
(Bloomberg) — It’s been a wild stock market debut for an obscure Chinese garment manufacturer, whose market value has evaporated to less than $600 million from more than $20 billion in the space...
Binance CEO Hits Back At Accusers Crypto Exchange Is A Chinese Company
Binance CEO Changpeng Zhao can only clap back at his accusers that his company is a Chinese “criminal entity.” With approximately 28.6 million members on its platform, the firm is one of the world’s l...
CZ hits back at claims Binance is a Chinese company
Binance CEO Changpeng “CZ” Zhao has hit back at critics and conspiracy theorists who claim Binance to be a Chinese-based “criminal entity” that “secretly [belongs] in the pocket of the Chinese governm...
CZ denies claims that Binance is in ‘the pocket of the Chinese government’
Binance CEO Changpeng ‘CZ’ Zhao has responded to allegations that his company is owned by a secret Chinese agent “Guangying Chen” and thus owes its loyalty to the Chinese government. In a blog post, C...
Binance is Not a Chinese Company, Declares CEO
Binance CEO Changpeng Zhao (CZ) recently released a statement on Binance blog to demystify the company’s relationship with China. He asserted that Binance is not a Chinese company, and that conspirac...
Chinese Tech Giant NetEase Acquires Star Wars Game Developer Quantic Dream in Console Market Push
NetEase acquiring the gaming studio behind Star Wars Eclipse indicates the seriousness of its console ambitions. Chinese internet tech behemoth NetEase has acquired Quantic Dream, the developer behind...
Chinese E-Commerce Mogul Gains $3 Billion In One Day Despite Sluggish Economy
Colin Huang, the founder of Pinduoduo, at the company’s office in Shanghai, China. Qilai Shen/Bloomberg Colin Huang, the reclusive billionaire behind Pinduoduo, saw his wealth surge by $3 billio...
U.S. delisting risk for Chinese ADR stocks halves after deal
The China Securities Regulatory Commission and U.S. Public Company Accounting Oversight Board announced Friday both sides signed an agreement for cooperation on inspecting the audit work papers of U.S...