CBDCs: China seems intent on creating digital yuan for local use, and potential global transactions, Report reveals.
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Argo Blockchain profits jump 2,000% thanks to expansion of its mining operations and boom in crypto prices
The London-listed company saw pre-tax profits grow from £500,000 in the first half of last year to £10.7m in the past six months.
Shares Of Blockchain-Linked Firms Soar Amid Signs of New Life
Shares of blockchain and crypto-linked companies were big gainers Monday as prices of Bitcoin (BitfinexUSD) and other digital currencies rose to their highest in more than two months. MicroStrategy …
Bitcoin jumps to nearly 3-month high as crypto attempts to clear next hurdle at $51,000, analyst says
Bitcoin has been under pressure for months on the back of growing scrutiny by regulators around the globe. China cracked down on trading in crypto and banned mining of bitcoin, forcing the mining …
Will Luxury Brands Get Tangled Up in China’s Gaming Crackdown?
With every fast-rising trend in China, seasoned brands have become accustomed to the risk of government involvement at any time to impose new regulations.
China’s copper import volumes down by more than 10% year on year in January-July
China’s January-to-July copper import volumes dropped by more than a tenth compared with the first seven months of 2020, the latest Chinese customs data shows. The biggest copper buyer in the world …
Argo Blockchain profits jump 2,000% thanks to boom in crypto prices
The London-listed company saw pre-tax profits grow from £500,000 in the first half of last year to £10.7m in the past six months.
Renault and China’s Geely will form a hybrid-focused joint venture in Asia
Renault will focus on sales and marketing. Along with China, the companies are eyeing South Korea as a key market for their joint venture. They plan to sell localized versions of hybrids from Geely’s …
BBVA to offer payment and financing services on Trusple – Ant Group’s blockchain platform for global trade
BBVA and Ant Group (Alibaba affiliate) have signed an agreement to collaborate on the integration of financial services in their platform, Trusple.
China Telecom eyes mega Shanghai IPO
Workers from China Telecom install mini 5G base stations at a telephone booth in Shanghai. The company is expected to install similar 5G equipment in more than 100 telephone booths by the end of the…
Tech firm NetEase pulls $1bn Cloud Village IPO after Beijing’s attack on gaming
Chinese technology firm NetEase has put a pin in its $1bn Hong Kong listing for its music streaming service Cloud Village due to recent volatility in the tech market, according to reports.
NetEase unit Cloud Village pauses Hong Kong IPO as China’s antitrust scrutiny weighs on internet firms’ fundraising plans
The operator of NetEase Cloud Music originally planned to raise as much as US$1 billion, after winning the Hong Kong stock exchange’s approval, the Post had previously reported. Cloud Village’s …
China’s exports are doing ‘reasonably well’ despite slowdown in growth in July, professor says
Michael Pettis of Peking University explained that the pandemic has distorted year-over-year economic data due to “enormous base effects.” …
