Photo: Reuters Goldman Sachs has reportedly signed an agreement to take its holdings in Beijing-based Goldman Sachs Gao Hua Securities from 51 percent to 100 percent. If approved, the US bank would become the latest global lender to take advantage of Beijing’s commitment to ease foreign-ownership re

Photo: Finance Magnates The Chinese police have seized more than $4.2 billion worth of cryptocurrency assets in its crackdown against the Plus Token scheme, a recent local court ruling revealed. According to a report by The Block, the Jiangsu Yancheng Intermediate People’s Court ruled against the pe

Photo: Finance Magnates Blockchain Service Network (BSN), a China-based blockchain infrastructure provider, backed by the Chinese Government announced that it has integrated cross-chain communication blockchain protocol Polkadot, Oasis and a Chinese focused public chain initiative Bityuan into its n

Photo: TINGSHU WANG/REUTERS Digital asset exchange, Fusang announced that China Construction Bank (CCB) has requested to cancel the $3 billion digital bond listing that was supposed to support trades in USD and Bitcoin. The exchange received a letter from CCB Labuan to cancel the issuance on 20 Nove

Photo: DepositPhotos A new Notice of Proposed Rulemaking by the United States Office of the Comptroller of the Currency (OCC) on Friday could ensure fair access to banking services to “legal but disfavored” companies that have previously struggled to build working relationships with banks. According

On Friday, the People’s Bank of China (PBOC) set the USD/ CNY reference rate at 6.6285 vs. Thursday’s 6.6236. PBOC injected CNY160 billion yuan through seven-day reverse repo. USD/CNY range play intact USD/CNY keeps its recent range trade intact, now posting small gains near the 6.6160 region.

Photo: Rachel McIntosh 2020 will go down in history as The Year™ of many things: COVID, of course; the year of one of the most divisive U.S. presidential elections in history. (And, perhaps for some crypto hopefuls, the year that Bitcoin regained $20,000.) However, 2020 will also likely go down in

Photo: Bloomberg Data and analytics company, BMLL Technologies, today announced a partnership with Data in Harmony (DIH) to expand its presence in the US region. The new partnership allows the US-based market participants to access BMLL Data Lab and Data Feed through DIH. According to the press re

Photo: Binance CEO Changpeng Zhao Cryptocurrency exchange Binance announced today that it has awarded $200,000 to investigators for providing information about attackers and for the details about how the attack was carried out in March 2018. According to the official announcement, the U.S. Departm

China march official manufacturing PMI at 52.0 (Reuters poll 45.0) vs 35.7 in February. Services PMI rises to 52.3 vs February 29.6. China March official composite PMI at 53.0. The data has come in and given markets a boost with commodities benefitting, seen in the CRB Index rising 1.9%, copper sp