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China
Evergrande Debt Woes Hit Crypto, Mooncakes in the Metaverse
Crypto market hit by Evergrande’s debt woes. Bitcoin mining difficulty continues to rise. Modern Mid-Autumn sees mooncakes in the metaverse. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin Bounces Off 6-Week Low, Tracking Recovery in Stocks
“The long-term uptrend still has a hold on bitcoin,” one analyst said.
With Evergrande on the Brink, the ‘China Hustle’ Comes Home to Roost
Evergrande’s problems are part of a much larger pattern in Chinese equities. One overlooked documentary was a stark warning that needs revisiting.
China's Evergrande Debt Crisis Posing Risk to Global Markets and Crypto
Mathew Sigel, Head of Digital Assets Research at ETF and mutual fund manager at VanEck, discusses the potential factors driving crypto markets lower as bitcoin slips below $45,000. Plus, his take on Chinese developer Evergrande's debt crisis as it poses a potential global systematic risk to tether and the broader crypto markets and the state of bitcoin law in El Salvador following his visit there.
Evergrande and China’s Looming Risk to Tether
Tether says it doesn’t hold short-term debt from the struggling developer. But that doesn’t mean tether holders aren’t at risk.
Shanghai to Test Offshore Yuan Stablecoin on the Conflux Blockchain
China is using restricted-access blockchains in many industries, but the government use of a decentralized chain is rare.
Mining Rig Maker Canaan’s Stock Falls 11% on Disappointing Outlook
Analysts are wary as management notes challenges in the industry.
China Stepping Up Campaign Against Hidden Crypto Miners: Report
Inspections are being carried out across several Chinese provinces in colleges and research institutions.
