China
China Highlights Crypto Crimes; Kazakh Miners Busted
Crypto related crimes exposed on China’s Consumer Rights Day. Ex-Kazakh President’s brother busted for illegal crypto mining. Bitcoin potentially inspiring a transition to renewable energy. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
A 'Petroyuan' Could Further Shake the Dollar's Dominance
Saudi-Chinese talks "accelerate" just as unprecedented sanctions against Russia whet global appetites for greenback alternatives.
Bit Digital Has Deployed 39% of Its Crypto Mining Rigs in North America
The firm has shipped all of its machines out of China, but is waiting on hosting capacity to be completed.
Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout
Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.
First Mover Asia: China Equities Woes, Tensions With US Have Barely Touched Bitcoin; Cryptos Climb
Hong Kong's Hang Seng market has suffered through some of its worst days in more than a decade but that has not seemed to affect bitcoin's price much; cryptos rose slightly amid wait for Fed interest rate decision.
Bitcoin's Next Move Ahead of Tomorrow's Fed Interest Rate Decision
Prime Trust Chief Product Officer Sara Xi discusses her outlook for bitcoin as investors await the interest rate decision from the Federal Reserve's two-day meeting. Plus, why China's latest COVID outbreak could cause inflationary pressure, and what Saudi Arabia's potential oil sale to China in Chinese yuan could mean for bitcoin.
Singapore Imposes Sanctions; Bitcoin Bucks Market Trend
Binance wins license in Bahrain. Singapore targets designated Russian banks amid sanctions. Bitcoin holds ground despite wider market falls over Ukraine and China concerns. Altcoins to keep a watch on. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
A Post-Dollar World? Saudi Arabia Reportedly Considers Accepting Yuan Instead of Dollar for Chinese Oil Sales
Saudi Arabia is reportedly in talks with Beijing to price some of its oil sales to China in Chinese currency yuan instead of the U.S. dollar. This could dent dollar’s dominance in the global market.
Shanghai Police Bust $16M Crypto Pyramid Scheme
It's the city's first cracked case of an online pyramid scheme that used cryptocurrencies, according to authorities.
