China Includes Digital Yuan in Cash Circulation Data for First Time
The People's Bank of China included e-CNY, the country's digital currency, in calculations of the amount of currency in circulation for the first time. Source
Read More
China
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China – Bitcoin News
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According
Read More
Tesla Decides to Cut Price for Model 3 and Y in China for Second Time in 3 Months
The price reductions became necessitated when Tesla recorded a very low delivery count in December last year, the lowest in more than 5 months.American multinational electric vehicle maker, Tesla Inc (NASDAQ: TSLA) has cut the price of its flagship Model 3 and Model Y cars in China. As reported by
Read More
TikTok Parent ByteDance Cuts Several Hundred Jobs in China
TikTok-parent ByteDance said that these job cuts come as part of the company’s plans to streamline operations.As per the latest reports, ByteDance, the parent firm of the social media platform TikTok has cut hundreds of jobs across multiple departments by the end of 2022. TikTok has reportedly joined the list
Read More
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China – Economics Bitcoin News
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in
Read MoreHuobi Global Could Cut Over 30% Workforce as China Crackdown Leads to Fall in Revenue
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More