Prometheum severed its relationship with a Chinese blockchain firm in 2021.
Monthly Archives For June 2023
Fentanyl Ingredients Sold for Crypto by Chinese Labs
Chinese chemical producers are accepting cryptocurrency as payment for fentanyl ingredients they sell to drug organizations worldwide.
DOJ files first-ever charges against Chinese fentanyl manufacturers
The companies at the heart of the indictments are accused of selling precursor chemicals to the Sinaloa Cartel in Mexico, which in turn has flooded the United States with the drug.
DEA seizes over 200 kilos of fentanyl-related chemicals from China in an undercover operation, Justice Dept announces
Two Amarvel Biotech employees, Qingzhou Wang, 35, and Yiyi Chen, 31, were arrested and charged with fentanyl trafficking, precursor chemical importation and money laundering offenses. They were …
Influencer slammed for praising Shein after visiting brand’s factory in China
An influencer is facing heat for singing praises of the fast fashion retailer Shein following a visit to one of the brand’s factories.
A prototype for China-West teamwork
Patience has paid off in a debt deal for Zambia that sets a precedent for China’s cooperation on global financial governance.
China reprimands US ambassador in Beijing amid fallout from Biden’s comments
The White House confirmed Friday that an official diplomatic reprimand, known as a démarche, had been given to the US Ambassador to China Nicholas Burns following President Joe Biden’s comments comparing China’s Xi Jinping to…
Chinese Builder Halts All Offshore Debt Payment on Property Market Weakness
A Hong Kong-listed Chinese real estate developer said it will suspend all offshore debt payments, citing weakness in the country’s property market, deteriorating sales and constrained liquidity.
‘We must be broke again’ – our China policy is trade
PM Chris Hipkins is already talking as if our China policy is simply trade. For its long-term management, it must be much more than that, argues Jason Young …
Northern China on red alert as record temperatures bake Beijing
Authorities issued the highest-level heat warning for the first time in nine years as temperatures soar past 40 degrees Celsius.
A first step in repairing US-China ties
The visit this week by Antony Blinken to China, the first by a US secretary of state to Beijing since 2018, represented an important moment for the world’s most fateful bilateral relationship. But although his…
China’s Dragon Boat Festival celebrations in pictures
Also called Duanwu Festival, the Dragon Boat Festival is a traditional Chinese holiday which occurs on the fifth day of the fifth month of the Chinese lunar calendar.
IMF says banning crypto ‘may not be effective’ and encourages governments to consider ‘well designed’ CBDCs
While some countries, most notably China, have banned crypto completely, the International Monetary Fund said that this “approach may not be effective in the long run.” In a blog post about digital …
