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Chinas
U.S. lawmakers are set to question a trader named Keith Gill and the chief executives of Reddit and Robinhood about their roles in the GameStop frenzy at a congressional hearing later this week. But some have another concern: whether China is involved.  Several Republican lawmakers on the House Financial Services Committee plan to examine Reddit’s...
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Could GameStop-style short-selling speculation show up in China’s stock market?  Last week’s market frenzy in the U.S. may have inspired China’s crypto community to make more bets on dogecoin (DOGE) and bitcoin (BTC), but even the boldest traders are unlikely to try stirring up that kind of short-selling speculation in Chinese stocks. “The Chinese financial...
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New York-based Ethereum hub ConsenSys has partnered with the Blockchain-based Service Network (BSN) to bring its enterprise ledger Quorum to the China’s nationwide blockchain project. As part of the partnership, announced Monday, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based applications, will be available in about 80...
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Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by authority to assist with an investigation for 15 days and it has no idea when he may return. “Affected by the ongoing national crackdown on fraudulent sim cards and bank accounts, the bank account of one of our...
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China’s President Xi Jinping told G20 meeting attendees this week that the group of the world’s largest developed economies should be open to central bank digital currencies (CBDCs) when developing standards for them. In a wide-ranging speech that addressed the future of the global economy in the wake of the COVID-19 pandemic, Xi said that...
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Chinese officials are cracking down on tether trades. The CME bitcoin futures exchange is heating up, signalling institutional interest. And Kik’s kin token will continue development following a $5 million SEC settlement.  Top shelf Ripple, across the pondRipple CEO Brad Garlinghouse has given more insight on the company’s possible move away from the U.S., saying the legal...
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China sees its digital yuan as a “new battlefield,” DeFi’s Curve has a new dividend program and a yet-to-launch platform is pursuing an “Initial DEX Offering.” Top shelf ‘New battlefield’China’s central bank gave an inside look into its motivations for developing a digital currency (CBDC) for retail and governmental use. In a commentary published by China Finance, a...
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