A former official of the People’s Bank of China (PBOC), the country’s central bank, has expressed disappointment that China’s digital yuan is seeing little use. Xie Ping, a former PBOC research direct...
Tag: Chinese
Chinese State Official Admits to Colluding With Miners
Chinese Communist Party official Xiao Yi pled guilty to offering Bitcoin miners financial subsidies and power guarantees despite a nationwide cryptocurrency ban. According to state-owned Chinese news ...
Chinese Communist Party official pleads guilty to helping Bitcoin miners
According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, the former Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption charges in...
Chinese Government to Launch an NFT Marketplace
Key Takeaways China is setting up an NFT marketplace. The platform was built by the state-sponsored China Technology Exchange. Interoperability between the Chinese NFT marketplace and decentralized bl...
Gaotu Techedu, TAL Education And Other Chinese Edtech Shares Plunge As China Heightens Crackdown
China looked further to tighten supervision over its battered online education sector. China’s move indicated its lack of preparation to unshackle the private tutoring arena despite loosening cu...
Should you buy Chinese tech stocks now that China is reopening?
Chinese tech stocks are a great pick at current valuations but only for the long-term investors, says Anand Batepati of GFM Focus Investing. Which Chinese stocks does he recommend? Two names that part...
Chinese provinces hit hard by Covid are seeing a strain on critical care, health officials say
People wait outside a fever clinic at Tongren Hospital in Shanghai on Dec. 23, 2022, amid a local outbreak of Covid-19 infections. Hector Retamal | Afp | Getty Images BEIJING — Some Chinese provinces&...
Here are the countries Chinese tourists want to visit the most
Travelers check in at Shanghai’s Hongqiao International Airport in on Dec. 12, 2022, after China relaxed domestic travel restrictions. Qilai Shen | Bloomberg | Getty Images BEIJING — Now that Ch...
Shares of Chinese funeral company rise as Covid infections leap
Workers in protective gear handle a coffin and coffin case at Dongjiao Funeral Parlor, reportedly designated to handle Covid fatalities, in Beijing, China, on Monday, Dec. 19, 2022. Bloomberg | Bloomb...
Congress Passes Bill To Ban TikTok From Federal Devices
Topline Congress approved a ban on TikTok from federal devices Friday as part of a larger government spending bill, amid a recent surge by state governments banning the app—owned by Chinese firm ByteD...
Binance addresses 7 instances of recent FUD in Chinese blog post
The world’s largest crypto exchange, Binance, has been dealing with a torrent of FUD (fear, uncertainty, and doubt) since the downfall of FTX. The firm is now fighting back with its latest blog post. ...
Chinese Tesla Rival Falls Victim to Bitcoin Ransomware Attack
Alex Dovbnya Chinese Tesla competitor Nio has disclosed major ransomware attack Chinese electric vehicle manufacturer Nio recently revealed a major data breach that exposed certain confidential custom...
Chinese Tourism Stocks Rally
China Last Night KraneShares Key News Asian equities were mixed overnight on light volumes. COVID’s spread in China is garnering more attention than I would have thought from Western media. 100%...
Hackers Demand $2 Million In BTC From Chinese Electric Car Maker NIO
Bitcoin is becoming one of the top cryptocurrencies demanded by cybercriminals in exchange for information they steal from companies. In the auto manufacturing industry, data security issues have beco...
Bankrupt FTX leveraged former Wirecard partner to facilitate Chinese transactions
The FTX contagion is continuing to expand, with news emerging of its ties with payment system Omipay’s partner in China. Omipay is an Australian payment processor that focuses on offering paymen...
Chinese Funds Dump Record Amount of Bonds Amid Redemptions
(Bloomberg) — Heavy redemptions by China’s retail investors are prompting the nation’s financial product managers to slash their bond holdings like never before. Some analysts say that the debt ...
FTX used former Wirecard partner to process Chinese payments
Australian bank Cuscal was listed in FTX’s bankruptcy filings as one of the group’s banking partners. It was listed alongside Omipay, an Australian payments processor that focuses on offering payments...
Chinese Stocks Slump as Covid Woes Outweigh Policy Push
(Bloomberg) — Chinese stocks slid as growing disruptions from Covid outbreaks hurt sentiment, offsetting the boost from a key policy meeting where authorities pledged growth support. Most Read f...
TrueUSD launches TRON-based stablecoin TCNH pegged to Offshore Chinese Yuan
The TrueUSD (TUSD) team announced the release of a new stablecoin, TCNH, linked to the Offshore Chinese Yuan (CNH) at a 1:1 ratio. In particular, TCNH will be deployed on the TRON (TRX) blockchain, wh...
Chinese Yuan Stablecoin Launches on Tron: Why Is This Crucial?
Tron (TRX), a high-performance EVM-compatible blockchain, becomes the technical platform for the latest stablecoin project pegged to Offshore Chinese Yuan (also Offshore Renminbi, Offshore RMB or CNH)...
TrueUSD Launches TCNH, a TRON-Based Stablecoin Pegged to Offshore Chinese Yuan
– Advertisement – San Francisco, United States, 15th December, 2022, Chainwire We are thrilled to announce that the TrueUSD team is launching a new product called TCNH, which is a stableco...
PCAOB Announcement – Complete Access To Inspect And Investigate Chinese Firms
China Last Night KraneShares Key News In big breaking news, the PCAOB announced that it has secured complete access to inspect and investigate Chinese firms for the first time in history. This could b...
U.S. Senator Claims Binance Has Ties to Chinese Government
Alex Dovbnya Senator Bill Hagerty (R-TN) claims that Binance has ties to the Chinese Communist Party During an FTX-focused hearing held by the Senate Banking Committee, Senator Bill Hagerty (R-TN) sai...
Berkshire Hathaway Reduces Its Stake in Chinese Automaker BYD
Berkshire Hathaway made its first move to acquire BYD shares after the global financial crisis of 2008, stacking up $230 million worth of the stock at the time at an average price of HK$8 ($1.02). Ame...
Chinese Company Launches Digital Currency Insurance Product – Featured Bitcoin News
The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The...
Chinese Officials Unearth $1.7B Money Laundering in Crypto
38 seconds ago | 2 mins read Altcoin News The Chinese government was able to seize a total of 130 million Chinese yuan. The probe was initiated when a local bank saw a dramatic increase in deposits. C...
Chinese police arrest 63 people for laundering $1,7bn in crypto
Chinese police have arrested a gang of people accused of laundering $1.7 billion (12 billion in Chinese yuan). Its 63 members laundered their funds using crypto in May 2021. According to a local repor...
Chinese Police Arrest Money Laundering Gangs Over $1.7B Crypto Fraud
Chinese authorities from the Horqin Branch of Tongliao Public Security Bureau, Inner Mongolia Autonomous Region, have arrested 63 gang members involved in money laundering activities as the country co...
NFT Creator Tells the Reason for Blocking Chinese Twitter Comments
Creator of Mimic Shhans, popular nascent non fungible tokens (NFT) collection, SHHAN showed up to his followers. In a tweet from December 11, SHHAN, the maker of the Mimic Shhans series of black cats ...