Browsing: China News

Solana opened a China office in Shanghai and ran skyline ads. Binance founder CZ says BNB Chain has not managed the same despite the ban. The post Solana Just Did Something in China That Changpeng Zhao Says BNB Chain Couldn’t appeared first on BeInCrypto.

Goldman Sachs expects China’s yuan to strengthen to 6.40 per dollar within a year, from around 6.69 now. Its top currency strategist says forward markets have not caught up to that view. Kamakshya Trivedi is Goldman’s global head of FX, rates and emerging markets strategy research. He puts the yuan’s undervaluation at 20% to 25%…

China plans a national blockchain network in its new economic blueprint. Here is why Bitcoin is left out of it. The post China Is Building a National Blockchain Network: Will Bitcoin Benefit? appeared first on BeInCrypto.

The suspected attacker behind South Korea’s recent bank breaches asked an AI coding tool where breach data sells. CrowdStrike found the request in session logs stored in open directories on attacker-controlled servers. Several South Korean banks have disclosed customer data leaks over the past week. CrowdStrike’s October 7 report says the campaign used a Chinese-built…

Webull stock fell 19% after a House panel tied the app to China. See who controls it and what protects your account. The post Webull Stock Falls 20% Over China Ties: Who Really Controls the App? appeared first on BeInCrypto.

China’s central bank added 740,000 ounces of gold to its reserves in September, its largest monthly purchase since October 2023. The buying came as gold fell over 6%. The People’s Bank of China (PBOC) lifted its holdings to 77.47 million fine troy ounces from 76.73 million in August. September also marked its 23rd straight month…

Goldman Sachs analyst Salveen Richter says big pharma is shopping in China biotech as $440 billion in drugs lose patents. The post Goldman Sachs Says China Biotech Is Where Big Pharma Is Shopping Now appeared first on BeInCrypto.

A former UBS banker says China could spark a Bitcoin supercycle. See what Beijing must fix first and Hong Kong’s role. The post China Could Trigger the Next Bitcoin Supercycle: What's Stopping It? appeared first on BeInCrypto.

DeepSeek is set to close a funding round above 80 billion yuan ($11.9 billion) this month, according to Reuters, while rival Moonshot AI has filed confidentially for a Hong Kong IPO after a private round valued it at $50 billion, Bloomberg reported. Each lab reports roughly $1 billion in annualized revenue. Investors are paying 50…

China is shutting banks at a record pace as bad loans rise. See what Fitch says about contagion and how Bitcoin could feel it. The post China is Shutting Hundreds of Banks. Should Bitcoin Investors Be Worried? appeared first on BeInCrypto.