8 / 22 Relevant items tagged with #china

Posts

Balaji Srinivasan Highlights China’s Dedollarization and Envisions Post-Dollar Economy

[May 20, 2024 4:13 AM] Balaji Srinivasan, former CTO of Coinbase, recently shared his insights on the global economy and the future of the U.S. dollar on social media. He discussed the concept of dedollarization, suggesting that China and other countries are moving away…

China’s $53.3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets

[May 18, 2024 1:50 PM] According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its…

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

[May 17, 2024 6:13 AM] The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.

Hong Kong digital yuan pilot lacks P2P capabilities

[May 17, 2024 4:09 AM] While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.

Bitcoin moves toward range highs but derivatives traders watch from the sidelines

[May 16, 2024 3:25 PM] Bitcoin price showed strength near its medium-term range high but multiple factors are preventing derivatives traders from opening new positions.

Chinese police bust $1.9B USDT underground banking racket

[May 16, 2024 2:00 AM] The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.

Biden orders removal of Chinese-owned crypto miner near missile base

[May 13, 2024 11:15 PM] Entities owned by Chinese nationals “might take action that threatens to impair the national security of the United States,” said President Biden.

Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base

[May 13, 2024 4:02 PM] President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure…

U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base

[May 13, 2024 3:02 PM] President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.

Bitcoin price shows strength as investors anticipate return of money printing

[May 13, 2024 12:55 PM] Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view.

China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report

[May 13, 2024 9:22 AM] Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

[May 13, 2024 4:50 AM] Police in Panshi City, Jilin arrested six people for running an "underground bank."

Stablecoin Expansion Stalls Ahead of U.S. Inflation Data

[May 13, 2024 4:48 AM] Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

[May 11, 2024 2:31 AM] First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the…

Hong Kong issuer seeks spot Bitcoin ETF for mainland China

[May 10, 2024 8:55 AM] Harvest’s CEO believes the Hong Kong-mainland China ETF bridge program could enable crypto ETF access in mainland China.

Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity

[May 6, 2024 4:13 AM] The trade agreements between China and Hong Kong could allow mainland investors to access spot BTC ETFs in Hong Kong.

Analysts: Gold Rush In China Is Propping Prices Up

[May 6, 2024 3:28 AM] The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in…

Chinese police capture StarkNet airdrop identity forger: Report

[May 1, 2024 3:29 AM] The suspect has claimed over 40,000 STRK coins that belonged to victims, before converting them to over $90,000 USDT.

Hong Kong ETFs open the ‘door’ to Chinese RMB holders, issuers say

[Apr 30, 2024 12:01 AM] Fund issuers and industry experts hope Hong Kong’s new crypto ETFs will open the door for mainland Chinese investment in the future.

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

[Apr 29, 2024 8:53 PM] Hong Kong already has a clear definition of Ethereum and it is not a security, said OSL Digital Securities head Wayne Huang.

Binance sued in Canada, CZ could serve 36 months in prison: Law Decoded

[Apr 29, 2024 1:05 PM] Cryptocurrency exchange Binance is under legal pressure in Canada and the Philippines, while U.S. prosecutors are demanding 36 months in prison for Changpeng Zhao.

Hong Kong spot crypto ETFs debut tomorrow: 6 things to know

[Apr 29, 2024 5:56 AM] Before the launch of spot cryptocurrency ETFs in Hong Kong on April 30, the city’s ETF market accounts for 0.6% of the entire U.S. ETF market.

Mainland China investors won’t be able to buy Hong Kong Bitcoin ETFs

[Apr 26, 2024 7:57 AM] Mainland Chinese citizens will not be able to purchase Bitcoin and Ether ETFs in Hong Kong because mainland China banned crypto transactions years ago.

Chinese 'Crypto Dad' faces government investigation

[Apr 26, 2024 4:01 AM] Yao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations.

Ex-Head of China's Digital Yuan Effort Facing Government Probe: Report

[Apr 26, 2024 3:11 AM] Yao Qian is reportedly being investigated for "violations of discipline and law."

Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining

[Apr 21, 2024 11:33 PM] The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of…

Hong Kong Bitcoin ETFs to Trade by April 30th: Reports

[Apr 17, 2024 8:48 AM] Hong Kong's highly anticipated spot bitcoin exchange-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources.NEW: Hong Kong #Bitcoin ETFs to start trading by 30th April and could bring in $25 billion�

Bitcoin To $100,000: Can Hong Kong’s Spot ETFs Make It Happen?

[Apr 11, 2024 1:30 AM] In a recent analysis, Stanislas Bernard, the founder of Sinz 21st.Capital, delved into the complexities surrounding Hong Kong’s consideration to approve spot Bitcoin ETFs against the backdrop of China’s escalating economic crisis. With…

Hong Kong's Incoming Spot Bitcoin ETFs Could Be 'Big Deal.' Here's What Analysts Say

[Apr 10, 2024 2:13 PM] Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.

Filecoin Liquid Staking Platform STFIL Claims Team Members Under Investigation by Chinese Police

[Apr 9, 2024 3:29 AM] Tokens on the platform were moved to an "unknown, external address" last week while its team members were under detention.