Search Results for: Shenzhen

Chinese Robinhood Futu & Tiger Brokers To Expand Crypto Trading Abroad

Two Chinese online brokerages reportedly intend to expand their business into the cryptocurrency trading market abroad against their rival stock competitors app, such as Robinhood in the U.S. In a CNBC’s report on Monday, two trading platforms, Shenzhen-based Futu and Beijing-based Tiger Brokers are applying for licenses in Singapore and the U.S. They allow them … Continue reading Chinese Robinhood Futu & Tiger Brokers To Expand Crypto Trading Abroad

$6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing

The Chinese digital renminbi is officially piloted in the capital of China-Beijing. The Chinese government plans to issue a total of $6.2 million worth of digital currency to Beijing residents through a lottery, totaling 40 million RMB. According to the Beijing Local Financial Supervision and Administration Bureau, residents of the Chinese capital can apply for a … Continue reading $6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing

China's CBDC Testing Advances along 19.25M Yuan Distribute to Residents

China is set to take its Digital Yuan pilot tests to Shanghai to pursue Central Bank Digital Currency (CBDC). According to the Information Office of Shanghai Municipality, the latest proposed trial test will see the region give out as much as 19.25 million yuan (about 3 million U.S. dollars) in digital currency to consumers in the … Continue reading China's CBDC Testing Advances along 19.25M Yuan Distribute to Residents

China Shuts Down Over 90% BTC Capacity, Sichuan BTC Sites Massively Offline

China intensified law enforcement against domestic Bitcoin mining activities. Bitcoin mining sites in Sichuan Province were reportedly massively disconnected and lost their abilities for further mining operations, according to local media’s coverages. The disconnection was reportedly occurred since Sunday, citing local media’s coverages. Some firms even closed their facilities prior to the outage. According to … Continue reading China Shuts Down Over 90% BTC Capacity, Sichuan BTC Sites Massively Offline

Crypto Miner BIT Mining Raises $50M through Private Placement to expand its Mining Business Abroad

The cryptocurrency miner BIT Mining Limited, a Shenzhen-based company, announced that it will raise $50 million through private placement to expand its crypto mining business to overseas markets. According to an official statement released on July 12, BIT Mining Limited, listed on the New York Stock Exchange in the United States under the code “BTCM”, has signed a … Continue reading Crypto Miner BIT Mining Raises $50M through Private Placement to expand its Mining Business Abroad

The Listing of Clean Energy Crypto-Mining & Semiconductor ETF on NYSE Launches

The clean energy encrypted mining and semiconductor exchange-traded fund (ETF), created by a registered investment advisor and emerging fund manager Viridi, was officially traded on the New York Stock Exchange on July 20 under the code name RIGZ. This is the first active management ETF focusing on clean energy encryption mining and the mining infrastructure industry … Continue reading The Listing of Clean Energy Crypto-Mining & Semiconductor ETF on NYSE Launches

Genesis Digital Assets Raises $125M to Expand Bitcoin Mining Business

Digital asset lending firm, Genesis Capital has raised $125 million in equity financing to expand its Bitcoin mining business, mainly in North America and Northern Europe. Reportedly, the lead investor in this round of equity financing is the well-known British private equity fund Kingsway Capital with assets under management (AUM) exceeding $2 billion. At the … Continue reading Genesis Digital Assets Raises $125M to Expand Bitcoin Mining Business

Tencent to Offer Metaverse Business Support in Japan before Feb

Reportedly, Chinese tech-giant Tencent will provide support services for the virtual space “Metaverse” business to Japanese companies as soon as before February, according to Japan’s Nikkei media report on Monday. Tencent said it would provide services through its Japanese subsidiary, offering comprehensive support from the construction of virtual spaces, the production of avatars to content distribution. As … Continue reading Tencent to Offer Metaverse Business Support in Japan before Feb

China Expands Digital Yuan Pilot Sites to 23 regions across 15 Provinces

The People’s Bank of China(PBoC) announced that it would expand the digital yuan pilot program from 11 regions to 23 regions in 15 provinces and cities. Per the data released by Zou Lan, director of the Financial Markets Department of the People’s Bank of China, shows that the total transaction volume of digital yuan (e-CNY) in … Continue reading China Expands Digital Yuan Pilot Sites to 23 regions across 15 Provinces

Bank of China Launches e-CNY Smart Contract Product for Off-campus School Education

The Bank of China, in collaboration with the Education Bureau and financial authorities of Longquanyi District, Chengdu, has launched an educational electronic RMB smart contract prepaid fund management product, extending the pilot scope to school education, according to Chinese news media Sohu.com. The product enables parents living in Longquanyi District, Chengdu City, Sichuan Province, China, … Continue reading Bank of China Launches e-CNY Smart Contract Product for Off-campus School Education

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