Cointelegraph Magazine’s digest of the most important cryptocurrency- and blockchain-related news from Asia last week.
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Weibo Suspends 80 High-Profile Accounts Amidst China’s Ongoing Digital Currency Clampdown
In a recent move against cryptocurrencies, Chinas Weibo platform has terminated the accounts of 80 prominent crypto figures, some boasting 1 million subscribers, for violating multiple regulations.
China-focused private equity firms eye mergers and acquisitions in consumer staples, overseas expansions
Investors are seeking to diversify their risk portfolio and prioritising “predictable growth” at times of economic uncertainty, said Sam Sun, partner at Beijing-based Atlay … China’s IPO …
China’s Prosperity Cannot Hide Its Youth Unemployment And Underemployment Problems
China must recognize its youth unemployment problem. It’s getting from bad to worse, with the government stopping providing data on it.
Ant Group launches a new blockchain brand for Web3 developers
In July, media reported that the Ant Group is looking to exclude its blockchain branch from a main entity, which will be applying for a financial holding license in China. In 2020, Ant Group aimed…
China’s economic slump could be the spark that ignites World War Three
Harvard professor Graham Allison coined the term “Thucydides Trap” to describe the situation in which a rising power threatens to displace the ruling power, resulting in war between them. As China’s …
China’s Economic Woes Are Impacting Small Businesses.
From higher wages to the tariff war to a general economic slump, China’s issues are having an impact on U.S. businesses.
Ten workers killed in gas accident in China’s Inner Mongolia region
Ten people have been killed and three others were injured in a gas accident at a workshop in Ordos in China’s northern Inner Mongolia region, state broadcaster China Central Television (CCTV) said, …
China Looks to Make ASEAN Digital Yuan Move – CBDC ‘Breakthrough’ Imminent?
China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make “cross-regional use” of its currency in the bloc.
Arm touts cloud computing expansion, royalties to IPO investors
SoftBank Group Corp’s Arm Holdings Plc on Thursday told potential investors in its roughly $5 billion initial public offering that cloud computing expansion and royalty revenue represented major …
China’s Push to Cool EV Growth Is Upending Big Tech’s Ambitions
China’s big tech firms are feeling the pain of being late to the electric vehicle party. Their push into the world’s largest car market is being hampered by government efforts to rein in an EV…
Cramer says stick with Apple despite reports of China government iPhone ban
CNBC’s Jim Cramer told investors not to sell Apple, saying the company can adapt even if China has banned iPhones for its government employees.
Commodity expert explains what might happen to ND trade if China – U.S. relations go sour
They’re the two largest economies in the world: the U.S. and China. Despite ongoing attempts at talks with the country, the White House has not been able to foster a secure trade relationship.In 2022,