Topline Global stocks tanked ahead of House Speaker Nancy Pelosi’s planned visit to the democratically governed island of Taiwan on Tuesday, a move which has led to rising tensions with China and that...
Tag: Chinese
Chinese Stocks Fall on New Tensions – Trustnodes
The Shanghai stock index dropped by more than 2% today in one of the biggest fall in a month. In Shenzhen stocks fell 2.37% while the ChiNext Index fell 2.02% with state media there pointing to the pl...
Chinese Miner Claims an Ethereum PoW Fork Is ‘Coming Soon,’ Despite ETC’s Existence – Bitcoin News
According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum durin...
Last Week [In] Crypto: Google and Apple Slammed Over Fake Crypto Apps, Tether Says It Holds Zero Chinese Commercial Paper
Keeping up with the news might be too much of a hassle, but fret not! Be[in]Crypto has rounded up the most critical stories in the crypto industry, from the incoming waves of lawsuits to the arrest of...
Tether (USDT) Reduces Commercial Paper Use and Discloses No Chinese Links
Tether Holdings Ltd. denied rumors that its Tether (USDT) token was backed to 85% by Chinese or Asian commercial paper. They denied rumors that it is still using Chinese commercial paper. According to...
Alibaba leads sharp drop in Chinese internet stocks as it heads for worst month since November
U.S.-listed shares of Chinese internet stocks including Alibaba Group Holdings Ltd. BABA, -11.12% were sinking Friday to cap off an eventful week that saw Chinese leaders reportedly acknowledge that t...
Tether refutes claims of holding Chinese commercial paper
Tether, the issuer of the world’s largest stablecoin, USDT, has said that it is still planning to get rid of its commercial paper used as backing for its stablecoin pegged to the US dollar. The compan...
Chinese Billionaire Jack Ma To Cede Control Of Fintech Giant Ant Group: WSJ
Jack Ma takes part in the “Valuing What Matters” Plenary Session during the third day of the Clinton Global Initiative’s 10th Annual Meeting at the Sheraton New York Hotel & Towe...
Chinese Grocery Startup Missfresh Faces Cashflow Crisis As Suppliers Protest
A driver packs delivery orders into the back of an electric motorcycle outside a Missfresh warehouse in Beijing, on August 11. 2020. Gilles Sabrie/Bloomberg Missfresh, a Chinese grocery delivery start...
Asia’s ‘Taper Tantrum 2.0’ Bears Chinese Fingerprints
Sri Lankans sit on empty Liquified Gas Cylinders (LPG) as they block a road to protest against shortage of fuel and cooking gas in Colombo on May 13, 2022. AFP via Getty Images China’s stumble is shin...
Tether Cuts Down On Commercial Paper, Reveals No Chinese Links – crypto.news
The world’s leading stablecoin issuer, Tether, has for the first time debunked claims that it is still using Chinese commercial paper. For a long time, according to the stablecoin issuer, Tether has c...
Tether Fights Back – USDT Reserves Hold No Chinese Papers
Tethe stands strong against rumors regarding Chinese Commercial Paper Tether commits to reduce the Commercial paper count to zero Several countries seems to rundown in the race to introduce stablecoin...
Tether Hits Back at Critics; Clarifies Once Again That It Holds No Chinese CP as Reserves
Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is bac...
Tether Says No Chinese Commercial Papers Holding on its Reserve
Tether Holdings Ltd, the blockchain startup that is in charge of the USDT stablecoin issuance and operations, has come out yet again to address the growing rumours about the composition of its reserve...
Tether Condemns ‘False Information,’ Denies Holding Any Chinese Commercial Paper in New Statement
Stablecoin issuer Tether wants to debunk rumors that they hold Chinese commercial paper as backing for (USDT) In a new statement by the company, Tether says that it does not hold any Chinese paper, an...
Tether Shares Another Rebuttal, Denies Chinese Commercial Paper Holdings
Key Takeaways Tether has reiterated that it holds no exposure to Chinese commercial paper. It also said that the spreading of “false information” is the biggest threat to the cryptocurrenc...
Binance CEO sues Bloomberg Businessweek Chinese publisher for defamation
The chief executive officer of Binance, Changpeng Zhao, has opened a defamation lawsuit against Bloomberg Businessweek Chinese-language publisher, Modern Media. CZ alleged that Modern Media labeled fa...
23 terabytes of Chinese citizen’s personal data available for just 10 bitcoins
A computer hacker going by the name of ChinaDan has managed to steal the personal data of around a billion Chinese citizens and has put it up for sale on the dark web for the price of 10 bitcoins. The...
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions – Bitcoin News
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban...
Chinese Ride-Sharing Giant Didi Global Fined More Than $1 Billion In Year-Long Cybersecurity Probe
Didi’s ride-sharing app. Costfoto/Future Publishing via Getty Images Chinese authorities have decided to impose an 8 billion yuan ($1.2 billion) fine on embattled ride-sharing giant Didi Global,...
Baidu Unveils Custom Robotaxi With Steering Wheel That Will Be Removed
Baidu robotaxi after steering wheel is removed, configured with desk and drink dispenser in front Baidu BaiduBIDU , the Chinese search giant, has revealed a new custom designed robotaxi it states will...
Xi Faces Surprise Revolt From Chinese Homebuyers on Mortgage Boycott
(Bloomberg) — Over the past few years, President Xi Jinping has reined in China’s biggest tech companies, stamped out democracy in Hong Kong and locked down 26 million people in Shanghai to elim...
Chinese Lithium Giant Pulls EVs Deeper Into Forced Labor Glare
(Bloomberg) — A lithium producer for carmakers including BMW AG and Tesla Inc. is beginning work to assess battery metals projects in Xinjiang, deepening links between electric vehicle supply ch...
Western companies face ‘existential crisis’ as fears grow of Chinese invasion of Taiwan
taiwan illo Days after the Ukraine conflict erupted, Apple, BMW, McDonald’s and other Western giants lined up to announce they were quitting Russia in protest. “This moment calls for unity, it c...
Why Chinese Car Giant Geely Bought Struggling Smartphone Maker Meizu
Geely chairman Li Shufu. Tomohiro Ohsumi/Bloomberg Chinese billionaire Li Shufu’s Geely has acquired Meizu, one of China’s earliest smartphone makers, in a move expected to help the Chinese car giant ...