Cryptocurrency Market

Cryptocurrency Market

Menu
  • Market Cap: $2,403,967,641,718.38
  • 24h Vol: $55,942,941,773.29
  • BTC Dominance: 56.52%

chinese

hong-kong’s-largest-virtual-bank-offers-crypto-conversion-services

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

Leave a Comment / accounts, Bank, Banking, banking services, banks, Bitcoin, China, chinese, Chinese Yuan, conversion, Crypto, Crypto Hacked, crypto hub, crypto industry, crypto market, crypto sector, Cryptocurrencies, Cryptocurrency, Dollar, Ethereum, Fiat, Finance, financial center, Hong Kong, Hong Kong Dollar, U.S. dollar, virtual bank, Yuan, ZA Bank / / / , , , , , , , , , , , , , , , , , , , , , , , , ,

ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first […]

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services Read More »

china-fines-bitmain-$3.6-million-for-tax-violations,-report

China Fines Bitmain $3.6 Million for Tax Violations, Report

Leave a Comment / Bitcoin, Bitmain, China, chinese, Crypto, Crypto Hacked, crypto mining, Cryptocurrencies, Cryptocurrency, Ethereum, income tax, Mining, Mining Devices, mining equipment, mining hardware, mining machines, mining rigs, Tax, tax authority, tax violations, Taxation, Taxes / / / , , , , , , , , , , , , , , , , , ,

Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices

China Fines Bitmain $3.6 Million for Tax Violations, Report Read More »

china’s-inflation-rate-drops-to-lowest-in-18-months

China’s Inflation Rate Drops to Lowest in 18 Months

Leave a Comment / Bitcoin, China, chinese, Consumer, costs, Covid, Crypto Hacked, Cryptocurrency, data, economic recovery, Economics, Economy, Energy, Ethereum, expenses, Food, inflation, inflation rate, non-food, pandemic, price levels, Prices, rate, recovery, slowdown, Statistics, transport, zero-Covid policy / / / , , , , , , , , , , , , , , , , , , , , , , ,

The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s

China’s Inflation Rate Drops to Lowest in 18 Months Read More »

chinese-state-owned-company-launches-2-crypto-funds-in-hong-kong

Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong

Leave a Comment / Bitcoin, China, chinese, CPIC, Crypto, Crypto Funds, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Digital Assets, Ethereum, Funds, Hong Kong, Insurance, insurance company, insurer, investment funds, News, Waterdrip / / / , , , , , , , , , , , , , , ,

One of China’s leading insurers has backed the establishment of two crypto investment funds in Hong Kong. The business move comes against the backdrop of the region’s ambitions to become a hub for digital assets, and despite the negative regulatory attitude towards the market in the mainland. Chinese Insurance Giant Enters Crypto Space Through Hong

Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong Read More »

china-ready-to-talk-asian-monetary-fund-to-cut-dollar-dependence,-malaysia-says

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

Leave a Comment / Anwar Ibrahim, Asian Monetary Fund, Bitcoin, China, chinese, Crypto Hacked, Cryptocurrency, currencies, Currency, dependence, Dollar, Ethereum, Fiat, fiat currency, IMF, International Monetary Fund, Malaysia, Malaysian, national currencies, News, regional currencies, reliance, renminbi, ringgit, trade, trade settlements, U.S. dollar, US Dollar, Xi Jinping, Yuan / / / , , , , , , , , , , , , , , , , , , , , , , , , ,

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says Read More »

digital-real-pilot-to-run-on-ethereum-compatible,-permissioned-blockchain

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain

Leave a Comment / Bitcoin, Brazilian, CBDC, Central Bank of Brazil, chinese, Crypto Hacked, Cryptocurrency, digital real, Digital Yuan, Ethereum, Ethereum Compatible, fabio araujo, Finance, Hyperledger Besu, Open Source, tokenized, two tier / / / , , , , , , , , , , , ,

According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to run without any licensing costs and to deal with maintenance costs later,

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain Read More »

china’s-wechat-adds-support-for-digital-yuan-payments

China’s Wechat Adds Support for Digital Yuan Payments

Leave a Comment / Alibaba, Alipay, App, application, Bitcoin, CBDC, China, chinese, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Digital Currency, Digital Yuan, e-CNY, Ethereum, Fintech, integration, messenger, payment app, payment platform, Payments, PBOC, Social Media, tencent, update, WeChat, WeChat Pay / / / , , , , , , , , , , , , , , , , , , , , , , , ,

Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the People’s Bank of China. Wechat Pay Follows Alipay in Integrating Payments With Digital Yuan The

China’s Wechat Adds Support for Digital Yuan Payments Read More »

russian-bank-issues-bank-guarantee-in-chinese-yuan-using-blockchain

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain

Leave a Comment / Bank, bank guarantee, Bitcoin, Blockchain, blockchain technology, China, chinese, Chinese Yuan, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Ethereum, Finance, Masterchain, MKB, ruble, Russia, russian, russian ruble, Yuan / / / , , , , , , , , , , , , , , , , ,

A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payments is growing. MKB Employs Bank of Russia’s Masterchain to Issue Bank Guarantee in Yuan Moscow Credit Bank

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain Read More »

china-backed-blockchain-project-proposes-swift-alternative-for-stablecoins-and-cbdcs

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs

Leave a Comment / Alternative, Bank, banks, Bitcoin, Blockchain, Blockchain Project, CBDC, CBDCs, China, chinese, CIPs, cross border, Crypto Hacked, Cryptocurrency, Digital Currencies, Ethereum, Finance, foreign trade, Interbank, international, Payments, Red Date, Settlements, SPFS, Stablecoins, Swift / / / , , , , , , , , , , , , , , , , , , , , ,

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind China’s Blockchain Push Aims to Make Stablecoins and State Coins Interoperable Hong Kong-based Red

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs Read More »

huobi-layoffs-spark-controversy-and-speculation,-justin-sun-claims-everything-is-fine

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

Leave a Comment / Bear Market, Bitcoin, Bonk, business momentum, capital inflows, chinese, coin creation, crypto exchange, Crypto Hacked, Cryptocurrency, denial, dissolution, employee wages, Employees, Ethereum, Exchange, fake accounts, FUD, Huobi, Huobi Layoffs, indicators, industry leader, justin sun, labor law, layoffs, lean team, Merkle tree, new registered users, News, Pi, Protests, registered users, Responses, salary change, Social Media, Speculation, staff cuts, Trading Volume, translation, tron, Tron founder, Tweet, Twitter, wage settlement / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine Read More »