China News
Multichain victims search for answers in $1.5B exploit as new evidence emerges
On July 14, developers of the $1.5-billion Chinese cross-chain protocol Multichain confirmed users’ worst fears. The protocol’s CEO, ide...
Pronounced reaction to European PMIs, USD bid and yields lower; US data & NVDA due – Newsquawk US Market Open
European bourses & US futures are firmer and back towards best as lower yields take precedence over European growth concerns Germany’s...
Why This Ex Bitcoin Supporter Faces Sentence For $20 Million Bribery Scandal In China
A former supporter of the Bitcoin mining industry and official in several of China’s regional government positions was sentenced by a cour...
Chinese official sentenced to life in prison for Bitcoin mining, corruption
A Chinese government official has been sentenced to life in prison for both illegitimate business operations of running a 2.4 billion Chines...
Futures Rise Led By Tech Giants As Nvidia Earnings Loom
Like yesterday, US futures and global stocks are higher again led by NVDA (+1.8%) and TSLA (+3.9%) ahead of the chipmaker’s earnings t...
News Explorer — China Sentences Former Party Official to Life Imprisonment for Corrupt Activities in Crypto Mining
China Sentences Former Party Official to Life Imprisonment for Corrupt Activities in Crypto Mining A former Chinese party official, Yi Xiao,...
News Explorer — China Is Taking Its Social Credit System to the Metaverse: Report
China Mobile, a state-owned telecom firm, has proposed creating a Digital Identity System to bring its controversial social credit system to...
US Futures, Global Stocks Rebound Even As Yields Jump
US equity futures and global stocks are solidly higher to start the new week after a bruising August so far for investors, whose attention n...
Bitcoin: All factors leading up to the worst decline of 2023
The crash was a reflection of the market’s insecurity that spot Bitcoin ETF approvals in the United States might not be immediate. The his...
Worst Week For Stocks Since Banking Crisis; Bonds, Bitcoin, & Bullion Battered
Aggressive interventions by Chinese authorities were a notable theme on the week (strong-arming funds not to sell stocks, tapping banks on t...
Futures Tumble On OpEx Day As Global Markets Close Worst Weekly Rout Since March
After another very weak session in the US which saw the S&P500 and Nasdaq close lower by -1.2% and -1.1% respectively, with the S&P ...
Negative sentiment continues & Bunds bid; Earning from Estee Lauder due – Newsquawk US Market Open
European bourses are once again on the backfoot as the downtrend in the equity space continues without much in the way of fresh drivers. US ...