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As Washington rolls out stablecoin rules, voices in Beijing are warning it’s time to catch up, or risk being left behind. Beijing might finally be warming up to stablecoins, but not without hesitation. In a sign that China may be…
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Ant Group denies rumors of a collaboration between Ant Financial Technology and publicly-listed Chinese company Hainan Huatie involving partnerships in RWA and stablecoins. In an official statement shared on the social platform WeChat, the fintech arm of Alibaba addressed rumors…
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Shanghai’s new e-CNY operations center is China’s answer to the stablecoin-led disruption of cross-border finance, signaling that the digital yuan isn’t just for domestic trials anymore, but for an open audition on the global economic stage. On June 18, People’s…
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Three Chinese firms that control more than 90% of Bitcoin mining hardware market are reportedly setting up manufacturing hubs in the U.S. as direct result of President Trump’s tariff war. According to a recent report by Reuters, the world’s top…
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With a push for stablecoin licenses worldwide, JD.com Chairman Liu Qiangdong wants fiat-pegged tokens to do what banks can’t: settle in seconds. His vision calls for 10-second settlements across continents, anchored in licensed stablecoins and JD’s own e-commerce empire. Technology-driven…
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China’s most popular crypto card payment service, Infini, has declared to shut down all their card services and focusing more on financial management for the future. According to a Telegram notice, starting from June 17 all of Infini’s card payment…
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Ant International is accelerating its global pivot with plans to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg. Ant International — the global arm of Jack Ma-backed Ant Group Co., an affiliate of Alibaba Group and operator of…
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U.S. stocks held steady Tuesday as a second day of trade talks between the U.S. and China got underway in London. The Dow Jones Industrial Average gained 0.25%, or 105.11 points whille the S&P 500 gained 0.55%. The Nasdaq index…
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U.S. stocks were little changed as Wall Street monitored renewed trade discussions between American and Chinese officials. Hopes of easing tensions and rolling back tariffs weren’t enough to lift major indexes. The Dow Jones Industrial Average closed lower by a…
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Beijing has established its first formal process for liquidating confiscated cryptocurrencies by tapping into Hong Kong’s licensed exchanges.
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Stocks opened higher on Thursday after reports that U.S. president Donald Trump and Chinese counterpart Xi Jinping had a phone call. The Dow Jones Industrial Average, which snapped its latest five-day winning streak on June 4, opened in the green…
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The China-based Webus International company is advancing its XRP treasury strategy with its latest filing to the Securities and Exchange Commission. A June 3 document shared by XRP lawyer Bill Morgan has revealed a form 6-K filing by the Chinese AI-powered…
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U.S. stocks climbed Tuesday, buoyed by stronger-than-expected labor data and optimism around potential U.S.-China trade talks, which helped offset economic growth warnings from the OECD. The Dow Jones Industrial Average rose 214 points, or 0.51%, while the S&P 500 gained…
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U.S. stocks ended higher on Monday, showing resilience despite rising trade tensions between Washington, Beijing, and Brussels. The Nasdaq Composite climbed 0.7%, while the S&P 500 added 0.4%. The Dow Jones Industrial Average posted a marginal gain of less than…
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Stocks opened lower on Monday, June 2 as investors began the new month on fresh jitters amid the ongoing trade tensions between the United States and China. Global stocks saw some downside action as Asian and European markets closed lower…
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U.S. stocks dipped in early trading on Wednesday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite opening lower amid renewed jitters over trade tensions between China and the United States. With stocks paring some gains early in…
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