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Tag: China

Chinese State-Run Media Warns About Bitcoin’s Price Falling to Zero as Regulators Issue Fresh Crypto Warning
News

Chinese State-Run Media Warns About Bitcoin’s Price Falling to Zero as Regulators Issue Fresh Crypto Warning

June 25, 20223 min read

A Chinese state-run newspaper has published an article warning about bitcoin’s price falling to zero amid the crypto market sell-off. Meanwhile, financial regulators in Shenzhen

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’
News

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

June 21, 20227 min read

Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed

Chinese Indexes Company Launches Hang Seng Metaverse Index
News

Chinese Indexes Company Launches Hang Seng Metaverse Index

May 26, 20223 min read

A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is

Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
News

Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme

May 18, 20222 min read

Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme.

Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate
News

Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

May 17, 20224 min read

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in

Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly
News

Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly

May 10, 20225 min read

The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2,

Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024
News

Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024

May 3, 20223 min read

According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the

China’s Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made
News

China’s Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made

January 20, 20222 min read

China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC).

Mexico Announces It Will Issue Its Own Digital Coin by 2024
News

Mexico Announces It Will Issue Its Own Digital Coin by 2024

January 1, 20222 min read

The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency

China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto
News

China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto

December 22, 20212 min read

Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative,

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