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.
BUSINESS
Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming missile base
President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a “national …
McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less …
Top 10 Chinese brands by value in 2024
TikTok overtakes Industrial and Commercial Bank of China – now in the second place of the latest China 500 2024 Report – while WeChat emerges as the strongest brand among the Chinese brands ranked in…
China Insight: Behind the Delisting of Footwear and Apparel Enterprises, a More Stringent Chinese Stock Market Is Tightening Up
As China’s stock exchanges tighten their rules, many footwear and apparel groups are opting to – or being forced to – delist their shares.
Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming military base
President Joe Biden has issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base
Shein Leans to London IPO Amid U.S. Hurdles
The fast-fashion company headquartered in Singapore hasn’t ruled out a U.S. listing, but the London Stock Exchange offers an easier route to going public, possibly within a month.
China’s commodity imports show prices beat economic narrative
China’s imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher.
China’s Digital Yuan Isn’t Taking Off Despite State Employee Salary Trial: Report
Many consumers prefer to use online payment tools such as Alipay and WeChat Pay.The digital yuan is fraught with privacy concerns as it …
NewsBriefs – China busts $295 million underground crypto-based currency exchange
Authorities in Jilin province, China, have dismantled an underground bank that used crypto to illegally exchange Chinese yuan for South Korean won, equating to approximately $295.8 million. Six …
No, Hong Kong’s Crypto ETFs Aren’t Available in Mainland China
The Stock Exchange of Hong Kong (HKEX) confirmed they aren’t available. Chinese authorities are wary that ETFs offer a way to bypass strict international capital controls.
Six arrested in cryptocurrency money-laundering scheme in northeast China amid focus on crypto-related capital flows
Police in China’s northeastern Jilin province made the arrests in connection with a scheme that sent US$296 million to South Korea.
Chinese authorities shut down illegal crypto service
C hinese authorities have shut down an underground bank that facilitated illegal currency exchange between the Chinese yuan and South Korean won, using cryptocurrency as a medium.
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