Bitcoin Price Ticker Goes Live on China’s Douyin App
Beijing allowing bitcoin's price to be displayed on one of the country's largest social network platforms shows a growing acceptance of the asset class within the country. Source
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Chinas
BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion – Economics Bitcoin News
BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to the global GDP, while the
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A spotlight on Binance, Galaxy Digital swings to profit, China’s blockchain push
Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to concealing office locations around the world to evade authorities’ oversight. Binance denies the
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First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard
Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around? Source
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Google Suspends China’s Pinduoduo App from Play Store Citing Malware Issues
The Pinduoduo app serves more than 700 million people every month. Google has no word on when it will get the app back on the Play Store. On Tuesday, March 21, tech giant Google announced the suspension of the Chinese e-commerce app Pinduoduo citing that they discovered malware in the
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China’s WeChat adds support for digital yuan payments
WeChat has joined the growing list of Chinese platforms supporting the country’s central bank digital currency (CBDC), the digital yuan (e-CNY). The move is expected to boost digital yan adoption in the country. WeChat, a Chinese social media, instant messaging and payments solution from the stables of Tencent, has integrated the
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CZ denounces false rumor ‘widely’ spread on China’s WeChat
Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a Chinese messaging platform, in a recent tweet.In a Mar. 4 tweet, CZ addressed the false speculations that circulated on the Chinese messaging platform
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Where is China’s blockchain, digital economy heading? The upcoming ‘Two Sessions’ may give some pointers
China’s “Two Sessions” meetings kick off Saturday for the most important annual political gatherings where authorities are expected to lay out the country’s economic plans for the year ahead and reshuffle key jobs.Initiatives for building a digital economy are expected to be high on the agenda.The National People’s Congress (NPC),
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China’s Auto-Driving Startup iMotion to File for IPO in Hong Kong
The push by iMotion to go public via an IPO is not the first for outfits operating within the same industry. China’s golden self-driving startup iMotion Automotive Technology Suzhou Co is making all plans to file for an Initial Public Offering (IPO) in Hong Kong as it seeks to expand
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China’s Shenzhen Cloudsky Considering US IPO before Year End
The China Securities Regulatory Commission (CSRC) recently announced rules for domestic companies considering overseas IPOs. According to people familiar with the matter, Chinese cloud service provider Shenzhen Cloudsky Technologies is considering an initial public offering (IPO) where it could generate around $200 million. The sources revealed that the company’s plan to go public
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