Is it possible that the turmoil over GameStop (GME) stock trading in the US stock market will also occur in China?
Why is Chinese Currency not traded in Forex? We have received inquiries from our readers if yuan offers a good investment opportunity.
The New York Stock Exchange (NYSE) announced that it will be delisting 3 major Chinese telecom companies due to new US government guidance.
"We don’t have an ambition to replace existing currencies with digital yuan," said Zhou Xiaochuan, former China’s central bank governor.
Another crypto exchange, CEO Global has suspended accepting deposits and withdrawing funds following the arrest of the main founder.
China is planning to sell confiscated cryptocurrencies worth $4.2 billion in its crackdown against the PlusToken pyriamid scheme.
Chinese authorities have prosecuted 6 members of the PlusToken ponzi scheme. The alleged scam ran for over a year and pocketed $5.8 billion.
DeFi searches on WeChat is surging in China. However, as users continue to withdraw crypto to engage in yield farming, exchanges quickly lose liquidity.
Chinese law enforcement discovered an illegal Bitcoin mining operation that was being operated under multiple underground burial sites.
Popular Bitcoin proponent and educator Andreas Antonopoulos believe that the current drops in oil prices will benefit some Bitcoin miners.