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Tag Archives: crypto

Name Change Imminent for Hong Kong-Listed Huobi Company

Sep 22, 2022

All is set for the change of name of one-time China’s flagship cryptocurrency exchange, Huobi. Per a report from renowned crypto and fintech Chinese journalist Colin Wu, the company is set to change its name to New Huo Technology Company Limited. They will precede a general meeting of ...

Meitu Declares $43 Million Impairment Loss Over Crypto Holdings

Sep 2, 2022

Meitu, a Chinese AI-driven tech company primarily focused on smartphone and selfie app manufacturing has declared a $43 million impairment loss on its cryptocurrency holdings. According to reports, this impairment loss has more than doubled over the last quarter. Meitu’s loss is a reflection ...

The Potential Impact of Increased Chinese CPI on Cryptocurrency

Jun 10, 2022

The Chinese government has released its latest inflation data, revealing the Consumer Price Index (CPI) statistics for May 2022. The CPI which is measured in relative terms reveals a year-on-year increase of 2.1 percent. This shows that compared to the past year, the relative prices pa...

Ten Arrested in Shanghai Over $16M Crypto Pyramid Scheme

Mar 16, 2022

Over ten people have been arrested in Shanghai, China for their involvement in a pyramid scheme operated using cryptocurrencies. The arrest was the end product of an investigation carried out by the Shanghai Public Security Bureau and the Yangpu Public Security Bureau. According to repo...