China

China

Markets

Free Money? Polymarket Bet Pays 8.7% if China Doesn't Invade Taiwan

Betting against an invasion on the prediction market may yield almost 7x as much as Taiwan government bonds. Plus: Mideast turmoil barely changes U.S. presidential odds.

Taiwanese currency (Photo: sharyn morrow).

Markets

Hong Kong's Incoming Spot Bitcoin ETFs Could Be 'Big Deal.' Here's What Analysts Say

Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.

Spot bitcoin ETFs could soon be coming to Hong Kong (Allan Watt/Flickr)

Policy

Filecoin Liquid Staking Platform STFIL Claims Team Members Under Investigation by Chinese Police

Tokens on the platform were moved to an "unknown, external address" last week while its team members were under detention

magnifying glass, investigation (Shutterstock)

Policy

BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report

For some time now, the BRICS grouping has been making efforts to reduce its reliance on U.S. dollars in settlement.

(Christiann Koepke/Unsplash)

Markets

Bitcoin Is Hitting All-Time Highs Around the World

The U.S. economy and its dollar has enjoyed relative strength over the past few years.

(NASA/Unsplash)

Opinion

China Never Completely Banned Crypto

Despite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive. How is that possible?

Crowds walk below neon signs on Nanjing Road, Shanghai, China. (Getty Images)

Markets

Bitcoin Unphased by China's Stimulus Plan

Hong Kong's Hang Seng Index and the CSI 300 both responded to Beijing's plan to reboot China's domestic stock market, but bitcoin remains in the red.

16:9 Crop: Shanghai, China (Li Yang / Unsplash)

Policy

China's Illegal Crypto Activities Are Taking Place in Laundromats and Cafes: WSJ

Physical trading is most popular in China's inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters, WSJ reported.

Laundromat (Skitterphoto/Pixabay)

Policy

China Vows to Clarify Web3, NFT Development Path

Moving forward, China’s Web3 strategy would encourage the development of new business models such as NFT and accelerate the innovative application of Web3, the Ministry of Science and Technology said.

16:9 Crop: Shanghai, China (Li Yang / Unsplash)

Policy

China to Verify Citizens' Identities With New Blockchain-Based Platform

The announcement follows a government rule change to require social media influencers to display their real names.

(Pixabay)