China


Finance

Huobi Global Could Cut Over 30% of Workforce as China Crackdown Leads to Fall in Revenue

China's decision to ban crypto trading last year caused Huobi a sharp drop in revenue.

Despidos en el exchange Bullish.com. (Pradit.Ph/Shutterstock)

Videos

CoinFLEX Freezes Withdrawals; Investors Deserting Singapore

CoinFLEX latest crypto exchange to freeze withdrawals, while Voyager cuts limit amid 3AC exposure. Chinese police say crypto being used to launder drug money. Retail investors desert exchanges in Singapore amid bear market and government warnings. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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SBF Agrees Second Bailout; Pride in the Metaverse

Bitcoin, cryptocurrencies return to red with soaring U.K. inflation. Sam Bankman-Fried steps in to bail out BlockFi.Indian tax authorities to discuss 28% GST on crypto trading next week. Chinese regulators vow to prevent further crypto risks. Pride events head into the metaverse, offering a new safe space for the LGBT community. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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3AC Foreclosure Concerns Grow; Fed Boost Short Lived

BlockFi is reportedly among those that liquidated Three Arrows Capital positions. Fed boost to crypto market proves short lived. Huobi to exit Thailand permanently on July 1. Hong Kong Monetary Authority joins with Bank of Israel to investigate CBDC cybersecurity. China media watchdog: NFTs are digital publications and need to be censored. Should NFT collectors be buying insurance? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Markets

First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K

The token is a version of China’s currency designed for offshore use; other cryptos are mixed in light trading.

People's Bank of China (Emmanuel Wong/Getty Images)

Videos

Tether Denies Asian Commercial Paper Backing Claims, Exposure to Three Arrows Capital

Tether, the firm behind the crypto market’s largest stablecoin USDT, is denying claims that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper. “The Hash” discusses the latest developments, along with a vague tweet from the founder of Three Arrows Capital.

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Videos

Binance’s CZ on Crypto in China

Changpeng “CZ” Zhao, founder and CEO of the world’s largest crypto exchange Binance, discusses the state of crypto in China after its crackdown on digital assets, and why the ban won’t be lifted any time soon. Plus, advice for navigating crypto winter.

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Markets

Benchmark Sees Canaan as Indirect Investment in Bitcoin, Shares Gain

The broker initiated coverage of the mining-equipment business' stock with a buy rating and $9 price target.

Canaan SVP Edward Lu with the Avalon 1266 model at Bitcoin 2022 conference (Aoyon Ashraf/CoinDesk)

Videos

Bitcoin Falls Below $30K as Bullish Momentum Wanes

Bitcoin tumbles back below $30,000 amid liquidity pressure. TradeStation Group VP of Market Intelligence David Russel discusses his crypto markets analysis and outlook. Plus, his take on S&P 500, Chinese stocks, their impact on the global crypto markets and the rising recession risks.

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Videos

Foundry Exec on Crypto Mining Industry Outlook

Foundry SVP of Mining Strategy Kevin Zhang shares insights into the state of bitcoin mining operations in New York, China, and Kazakhstan, and their impact on the global mining industry.

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