Cryptocurrencies have “no real support value” and prices that are “extremely easy” to manipulate, three Chinese industry groups warned.
Tagged By crypto
Shanghai Electric Wind Power Equipment’s IPO debut on SSE STAR Market today
Shanghai Electric Wind Power Equipment (688660) to start trading on the Shanghai Stock Exchange STAR Market Exchange. The IPO is priced at RMB 5.44 per share, raising RMB 3.106 bln. Its initial …
Biden Delays Revamp of Trump’s Blacklist for China Investments
President Joe Biden’s administration plans to delay by two weeks a ban on new U.S. investments in certain Chinese companies, as officials draft guidance to clarify a Trump-era policy that confused …
CMB International and Nervos Foundation Jointly Launch $50M Blockchain Ecosystem Fund
Nervos, China’s leading blockchain, today announced the launch of a $50 million fund with CMB International (CMBI), a wholly-owned …
China bans institutions from cryptocurrency activities
In its latest bout of crypto regulation, financial institutions have been banned from using digital assets in their businesses, either for trading or pricing. A Chinese journalist named Colin Wu made …
China tightens ban on cryptocurrencies
China has already banned crypto exchanges and initial coin offerings but Chinese buyers can still get their hands on bitcoin and other cryptocurrencies. Nevertheless, the statement was another drag on …
Schumer making changes to bill countering China on tech
Senate Majority Leader Charles E. Schumer is pressing ahead with a bill to counter China in the technology realm while making changes to the bipartisan legislation, as some Republicans are raising …
US exports to China grow at ‘expense’ of Australia after Beijing’s trade ban
Following Beijing’s ban on a range of Australian products last year, the US has been steadily ‘backfilling’ the void left by its ally, trade data shows.
Why China’s digital yuan is ‘largest threat to the West’ in past 30 or 40 years, according to Kyle Bass
Kyle Bass, chief investment officer of Hayman Capital Management, says that the biggest threat to the West is the advent of the digital yuan, which he …
Rubio dubs Apple’s business practices in China as ‘woke behavior at its worst’
Florida Republican Sen. Marco Rubio blasted tech giant Apple on Tuesday for allegedly bowing to pressure from Beijing in exchange for access to its vast customer base, following a New York Times …
Blockchain-as-a-Service Market is Booming Worldwide with IBM, Microsoft, SAP SE
Latest released the research study on Blockchain as a Service Market offers a detailed overview of the factors influencing the global business scope Blockchain as a Service Market research report …
Bitcoin dips to lowest since February amid China crypto warning
Bitcoin and other cryptocurrencies slumped after the People’s Bank of China reiterated that the digital tokens cannot be used as a form of payment.
Bitcoin falls 7% after China reportedly bans banks from cryptocurrency business
Three Chinese industry bodies warned investors about the speculative nature of cryptocurrencies, adding that they “are not supported by real value.” …
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