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#Chinese stocks are pumping , and cryto is about to pump stay tuned and invest wisely to make money
đșđž U.S. #miningpool are increasingly taking a slice of the hash rate from their #Chinese counterparts, but #China still holds up to 55% of the total computing power in the #Bitcoinâ network. đ»
đ Notably, American pools mainly cater to institutional miners, whereas Chinese pools tend to support smaller miners across Asia.
#DODOEmpowersMemeIssuance
đ Notably, American pools mainly cater to institutional miners, whereas Chinese pools tend to support smaller miners across Asia.
#DODOEmpowersMemeIssuance
Crypto & #BitcoinPrice2023 News
US stock futures were stable Tuesday as investors assessed market prospects following recent gains.
#Chinese stocks gained amid reports Beijing is considering special measures to support the market.
Bitcoin extended declines below the $40,000 mark, taking the month-to-date losses to 8%.
#EuropeanUnion stocks were in defensive mode, with the Euro Stoxx 50 slipping 0.3%. Germany's DAX 40 index was little changed and France's CAC 40 retreated 0.2%.
In #AsianCrypto , Hong Kong's Hang Seng rallied 2.6% and the Shanghai Composite rose 0.5%. Japan's Nikkei 225 was almost flat at 36,517 and India's Nifty 50 dropped 1.5%.
In the crypto market, bitcoin slid 1.7% to $38,870, taking losses in January to more than 8%. Ether slid almost 4% to $2,221.
The Dollar Index, which tracks the greenback against a basket of currencies, moved in tight ranges.
Ten-year Treasury yields were little changed at 4.13%. US crude oil declined 0.6% to $74.28 a barrel.
The worldâs largest cryptocurrency broke beneath $40,000 yesterday, and many retail investors believe it is heading even lower by year-end, according to a #deutschebank $ Research report.
$BTC $ETH $BNB
US stock futures were stable Tuesday as investors assessed market prospects following recent gains.
#Chinese stocks gained amid reports Beijing is considering special measures to support the market.
Bitcoin extended declines below the $40,000 mark, taking the month-to-date losses to 8%.
#EuropeanUnion stocks were in defensive mode, with the Euro Stoxx 50 slipping 0.3%. Germany's DAX 40 index was little changed and France's CAC 40 retreated 0.2%.
In #AsianCrypto , Hong Kong's Hang Seng rallied 2.6% and the Shanghai Composite rose 0.5%. Japan's Nikkei 225 was almost flat at 36,517 and India's Nifty 50 dropped 1.5%.
In the crypto market, bitcoin slid 1.7% to $38,870, taking losses in January to more than 8%. Ether slid almost 4% to $2,221.
The Dollar Index, which tracks the greenback against a basket of currencies, moved in tight ranges.
Ten-year Treasury yields were little changed at 4.13%. US crude oil declined 0.6% to $74.28 a barrel.
The worldâs largest cryptocurrency broke beneath $40,000 yesterday, and many retail investors believe it is heading even lower by year-end, according to a #deutschebank $ Research report.
$BTC $ETH $BNB
#Chinese banks are taking massive interest in crypto and #BitcoinâŻâŻâŻ .
Banks are investing big in #HongKong in crypto related and Bitcoin ETFs.
Thats massive
#Megadrop #BinanceTournament #MtGoxJulyRepayments
Banks are investing big in #HongKong in crypto related and Bitcoin ETFs.
Thats massive
#Megadrop #BinanceTournament #MtGoxJulyRepayments
#China is going to change the game by launching his own #Chinese #Crypto #ETFs very soon.
The Emergence of Chinese Crypto ETFs A Game Changer for the Global Economy
In recent years, the financial world has witnessed a significant transformation, with the emergence of crypto currencies as a new asset class capturing investors' imaginations globally. One of the latest innovations in this space is the introduction of cryptocurrency Exchange-Traded Funds (ETFs), especially those emerging from China, the world's second-largest economy. This development could potentially reshape not only investment portfolios but also the broader economic landscape worldwide.
The Emergence of Chinese Crypto ETFs A Game Changer for the Global Economy
In recent years, the financial world has witnessed a significant transformation, with the emergence of crypto currencies as a new asset class capturing investors' imaginations globally. One of the latest innovations in this space is the introduction of cryptocurrency Exchange-Traded Funds (ETFs), especially those emerging from China, the world's second-largest economy. This development could potentially reshape not only investment portfolios but also the broader economic landscape worldwide.
Four Thai Immigration Officers Face Arrest For Abducting Chinese National And Extorting 30,000 USDT
In a shocking incident, four immigration police officers in Thailand are facing arrest for allegedly kidnapping a Chinese man and his female interpreter and extorting a large sum of money from them, SCMP reported on March 21.
According to Deputy national police chief Surachate Hakparn, the incident took place on March 10, 2023, and came to light after the Thai woman filed a police report. The duo had fallen victim to an immigration scam while trying to renew the Chinese manâs passport and visa at a government office in Bangkok.
Thai immigration police chief Surachate Hakparn speaks to journalists in Bangkok. Photo: AFP
After officials rejected the manâs application, the duo left the government office and returned home. However, five men abducted them from their residence and forced them to pay a ransom of 1 million baht (US$29,170) in cryptocurrency. The captors also forced the man to transfer 30,000 USDT to them through the imToken app. The victims were eventually released and reported the incident to the police.
Further investigation revealed that four immigration police bureau officers were linked to the case. Arrest warrants have been issued against the officers, and the Chinese man has fled back to his home country. The victims were also in the news again on Monday after their car was waylaid by a motorcycle-borne assailant. The man received a ransom call demanding 1 million yuan (US$145,500) for his relativesâ freedom, and he handed over 200,000 yuan (US$29,100) in cryptocurrency to the suspect.
This incident has brought the spotlight on Thailandâs immigration police officers and their methods. While the officers claimed to be innocent, their involvement in the incident raises serious questions about the safety and security of foreigners in the country. The incident is also a reminder of the dangers of dealing with cryptocurrencies, which are increasingly being used by criminals to extort money from their victims.
The Thai government needs to take swift action to ensure that incidents like these do not occur again in the future. It is crucial that they investigate and punish those involved in the incident, including the immigration officers, and provide adequate protection to foreigners in the country. The incident has caused a lot of concern among the expat community in Thailand, and the government needs to take concrete steps to address their concerns and ensure their safety.
#Thailand #Chinese #coinscam #USDT #azcoinnews
This article was republished from azcoinnews.com
According to Deputy national police chief Surachate Hakparn, the incident took place on March 10, 2023, and came to light after the Thai woman filed a police report. The duo had fallen victim to an immigration scam while trying to renew the Chinese manâs passport and visa at a government office in Bangkok.
Thai immigration police chief Surachate Hakparn speaks to journalists in Bangkok. Photo: AFP
After officials rejected the manâs application, the duo left the government office and returned home. However, five men abducted them from their residence and forced them to pay a ransom of 1 million baht (US$29,170) in cryptocurrency. The captors also forced the man to transfer 30,000 USDT to them through the imToken app. The victims were eventually released and reported the incident to the police.
Further investigation revealed that four immigration police bureau officers were linked to the case. Arrest warrants have been issued against the officers, and the Chinese man has fled back to his home country. The victims were also in the news again on Monday after their car was waylaid by a motorcycle-borne assailant. The man received a ransom call demanding 1 million yuan (US$145,500) for his relativesâ freedom, and he handed over 200,000 yuan (US$29,100) in cryptocurrency to the suspect.
This incident has brought the spotlight on Thailandâs immigration police officers and their methods. While the officers claimed to be innocent, their involvement in the incident raises serious questions about the safety and security of foreigners in the country. The incident is also a reminder of the dangers of dealing with cryptocurrencies, which are increasingly being used by criminals to extort money from their victims.
The Thai government needs to take swift action to ensure that incidents like these do not occur again in the future. It is crucial that they investigate and punish those involved in the incident, including the immigration officers, and provide adequate protection to foreigners in the country. The incident has caused a lot of concern among the expat community in Thailand, and the government needs to take concrete steps to address their concerns and ensure their safety.
#Thailand #Chinese #coinscam #USDT #azcoinnews
This article was republished from azcoinnews.com
Why Chinese Crypto Coins May Soar In The Coming Weeks?
#Chinese #cryptocurrency coins appear to be preparing for another significant rally as a result of China taking positive steps to promote a quicker recovery in the country's economy.
Despite its complete ban on digital assets in late 2021, China hasn't been very friendly to cryptocurrencies. Nonetheless, several Chinese cryptocurrency coins saw a huge uptick in value back in February of this year. Although the nation's central bank is presently advocating for a speedier recovery from the pandemic-caused depression, it's possible that a similar surge may materialize in the upcoming days.
Central Bank Advances Recovery Initiatives
For the first time this year, the People's Bank of China (PBOC) said on Friday that it will lower the amount of money that banks must keep in reserves, also referred to as the bank's reserve ratio. This action is being taken to promote a developing economic recovery and help maintain adequate liquidity.
The reserve requirement ratio (RRR) for all banks will be decreased by 25 basis points (bps) starting on March 27. This was announced by the central bank. However, banks that have previously implemented a reserve ratio of 5% are exempt from this reduction.
China's Adapting Position On Crypto
Despite the unproven assumption that China opposes crypto, subsequent events have shown that this is untrue. Officials from China's Liaison Office seem to be curious about how Hong Kong is doing with cryptocurrencies. As per reports, these officials are researching the nation's policy regarding digital assets, which many people think is a net plus for the sector.
Governments are not the only ones experimenting with Web3 technology and the use of cryptocurrency; private businesses are also doing so on the Chinese mainland. For instance, China Telecom has been working with significant cryptocurrency companies to create SIM cards based on blockchain technology.
All of these factors are coming together to help create a good perception of the cryptos that are associated with the "China narrative," in addition to the proactive steps the central bank has done to facilitate a quicker recovery.
Chinese Crypto Currencies To Rise
Some popular Chinese cryptocurrencies have already had huge price increases in recent months, with #Conflux seeing a surge of around 124% over the previous week.
As the China narrative acquires more traction in the coming days, #NEO another well-known Layer-1 blockchain in China, might see modest gains. NEO's price increased significantly today; it is now trading close to the $12 mark with a market valuation of about $844 million.
Other notable Chinese crypto coins with the potential to increase in value in the near future include VeChain, Polkadot, IOST, and Filecoin. The price of Bitcoin has already surged beyond the coveted $26,000 barrier, adding further positive impetus to the rise and fostering bullish enthusiasm for the entire crypto industry.
Despite its complete ban on digital assets in late 2021, China hasn't been very friendly to cryptocurrencies. Nonetheless, several Chinese cryptocurrency coins saw a huge uptick in value back in February of this year. Although the nation's central bank is presently advocating for a speedier recovery from the pandemic-caused depression, it's possible that a similar surge may materialize in the upcoming days.
Central Bank Advances Recovery Initiatives
For the first time this year, the People's Bank of China (PBOC) said on Friday that it will lower the amount of money that banks must keep in reserves, also referred to as the bank's reserve ratio. This action is being taken to promote a developing economic recovery and help maintain adequate liquidity.
The reserve requirement ratio (RRR) for all banks will be decreased by 25 basis points (bps) starting on March 27. This was announced by the central bank. However, banks that have previously implemented a reserve ratio of 5% are exempt from this reduction.
China's Adapting Position On Crypto
Despite the unproven assumption that China opposes crypto, subsequent events have shown that this is untrue. Officials from China's Liaison Office seem to be curious about how Hong Kong is doing with cryptocurrencies. As per reports, these officials are researching the nation's policy regarding digital assets, which many people think is a net plus for the sector.
Governments are not the only ones experimenting with Web3 technology and the use of cryptocurrency; private businesses are also doing so on the Chinese mainland. For instance, China Telecom has been working with significant cryptocurrency companies to create SIM cards based on blockchain technology.
All of these factors are coming together to help create a good perception of the cryptos that are associated with the "China narrative," in addition to the proactive steps the central bank has done to facilitate a quicker recovery.
Chinese Crypto Currencies To Rise
Some popular Chinese cryptocurrencies have already had huge price increases in recent months, with #Conflux seeing a surge of around 124% over the previous week.
As the China narrative acquires more traction in the coming days, #NEO another well-known Layer-1 blockchain in China, might see modest gains. NEO's price increased significantly today; it is now trading close to the $12 mark with a market valuation of about $844 million.
Other notable Chinese crypto coins with the potential to increase in value in the near future include VeChain, Polkadot, IOST, and Filecoin. The price of Bitcoin has already surged beyond the coveted $26,000 barrier, adding further positive impetus to the rise and fostering bullish enthusiasm for the entire crypto industry.
A recent #TechFlow survey reveals that Binance is the go-to exchange for #Chinese -speaking investors, with an impressive 96.72% choosing it as their platform of choice. Even more telling, 63.15% of respondents trust Binance to hold their main assets, showcasing its unrivaled dominance in the market.
Key highlights:
Demographics: The survey shows that 76.1% of respondents are male, with most between 26 and 35 years old. With 34.76% having 3-5 years of crypto experience, the community is both knowledgeable and growing fast.
Market preferences: While OKX and Gate.io are notable, Binance stands out as the clear favorite. Interestingly, 69.61% of users arenât deterred by regulatory concerns when choosing their preferred exchange.
Binance continues to lead the way for crypto enthusiasts across the Chinese-speaking world!
#Binance #Crypto #Blockchain
Key highlights:
Demographics: The survey shows that 76.1% of respondents are male, with most between 26 and 35 years old. With 34.76% having 3-5 years of crypto experience, the community is both knowledgeable and growing fast.
Market preferences: While OKX and Gate.io are notable, Binance stands out as the clear favorite. Interestingly, 69.61% of users arenât deterred by regulatory concerns when choosing their preferred exchange.
Binance continues to lead the way for crypto enthusiasts across the Chinese-speaking world!
#Binance #Crypto #Blockchain
#solanaâïž donât miss out the Latest Airdrop Basket $BSKT .
It might not seem like a lot but itâs vesting over 30 days and soon might pump hard too.
I was checking a new #MemeCoin projectsâ Twitter Called #Moutai that I recently bought on Solana and found out that they made a new partnership with #Basket .
They both seem like really nice project with solid teams specifically $Moutai they aim to penetrate and work on the #Chinese market and have experienced members.
They have certain criteria on whether if you have been active in solana and/or hold certain NFT, @bsktfi @moutai_sol $SOL
As always DYOR and be very careful with imposters, scammers, and fake sites/accounts.
GL.
It might not seem like a lot but itâs vesting over 30 days and soon might pump hard too.
I was checking a new #MemeCoin projectsâ Twitter Called #Moutai that I recently bought on Solana and found out that they made a new partnership with #Basket .
They both seem like really nice project with solid teams specifically $Moutai they aim to penetrate and work on the #Chinese market and have experienced members.
They have certain criteria on whether if you have been active in solana and/or hold certain NFT, @bsktfi @moutai_sol $SOL
As always DYOR and be very careful with imposters, scammers, and fake sites/accounts.
GL.
Meet Galbot G1, the 1st-generation #robot by #Chinese startup Galbot, designed for generalizable, long-duration tasks.
Founded in May 2023 by a Stanford PhD, the company currently has 80 engineers and researchers working on algorithms, #software , and hardware development.
| #artificialintelligence đ€
#DOGSONBINANCE
Founded in May 2023 by a Stanford PhD, the company currently has 80 engineers and researchers working on algorithms, #software , and hardware development.
| #artificialintelligence đ€
#DOGSONBINANCE
đšđł #Chinese President says he's ready to work with #Africa to implement 10 #Partnership actions in the next three years to advance modernization.
#USNonFarmPayrollReport #DOGSONBINANCE
#USNonFarmPayrollReport #DOGSONBINANCE
Top 3 Lesser-Known Memecoins to Watch in China đ§§đ
China, with its immense technological advancements and massive population, is a unique market for cryptocurrencies. While regulations can be stringent, the interest in innovative and novel digital assets remains strong. Here are three lesser-known memecoins that could potentially find a foothold in the Chinese crypto community.
1. DragonPup (DPUP) đđ¶
DragonPup is a new memecoin that combines the mythical allure of dragons with the viral nature of dog-themed coins. It aims to build a strong, community-driven project that appeals to both meme enthusiasts and serious investors.
Why Watch DragonPup in China?
- Cultural Resonance: The dragon is a powerful symbol in Chinese culture, and a coin themed around it could attract significant interest.
- Community Initiatives: DragonPup focuses on community engagement and rewards, which can foster a loyal user base in China.
- Cross-Border Partnerships: DragonPup is looking to establish partnerships with Chinese tech firms and influencers, enhancing its visibility and credibility.
2. PandaCoin (PANDA) đŒ
PandaCoin is inspired by one of China's most beloved animals, the panda. This memecoin aims to leverage the universal appeal of pandas to create a fun and engaging cryptocurrency experience.
Why Watch PandaCoin in China?
- Cultural Icon: The panda is a national treasure in China, and a coin named after it could naturally draw attention and interest.
- Charity Focus: PandaCoin plans to give a portion of its proceeds to wildlife conservation efforts, including panda preservation, aligning with China's environmental initiatives.
- NFT Integration: PandaCoin is developing an NFT marketplace centered around panda-themed digital art, potentially appealing to Chinaâs growing interest in NFTs.
3. LuckyCat (LUCKY) đ±đ
LuckyCat draws inspiration from the traditional Chinese symbol of good fortune, the waving cat (Maneki-neko). This memecoin seeks to combine cultural elements with modern cryptocurrency trends to attract a diverse user base.
Why Watch LuckyCat in China?
- Symbol of Good Fortune: The LuckyCat is widely recognized as a symbol of luck and prosperity in Chinese culture, making it an attractive theme for a memecoin.
- Community Engagement: LuckyCat focuses on building a vibrant community through social media challenges, giveaways, and interactive events.
- Innovative Applications: LuckyCat aims to introduce DeFi services and a unique rewards system that can appeal to China's tech-savvy and investment-oriented population.
Conclusion
China's crypto market is unique, characterized by its rapid technological adoption and cultural richness. Memecoins like DragonPup, PandaCoin, and LuckyCat have the potential to resonate deeply with Chinese investors due to their cultural relevance, community focus, and innovative features. While investing in memecoins carries inherent risks, their novel themes and potential utility could capture the imagination of Chinaâs crypto community. đ§§đ
#China #ChinaCrypto #memeæżćć łæłšççč #Chinese #SuperMacho
đđđ
$ETH
đđđ
$BNB
đđđ
$SOL
1. DragonPup (DPUP) đđ¶
DragonPup is a new memecoin that combines the mythical allure of dragons with the viral nature of dog-themed coins. It aims to build a strong, community-driven project that appeals to both meme enthusiasts and serious investors.
Why Watch DragonPup in China?
- Cultural Resonance: The dragon is a powerful symbol in Chinese culture, and a coin themed around it could attract significant interest.
- Community Initiatives: DragonPup focuses on community engagement and rewards, which can foster a loyal user base in China.
- Cross-Border Partnerships: DragonPup is looking to establish partnerships with Chinese tech firms and influencers, enhancing its visibility and credibility.
2. PandaCoin (PANDA) đŒ
PandaCoin is inspired by one of China's most beloved animals, the panda. This memecoin aims to leverage the universal appeal of pandas to create a fun and engaging cryptocurrency experience.
Why Watch PandaCoin in China?
- Cultural Icon: The panda is a national treasure in China, and a coin named after it could naturally draw attention and interest.
- Charity Focus: PandaCoin plans to give a portion of its proceeds to wildlife conservation efforts, including panda preservation, aligning with China's environmental initiatives.
- NFT Integration: PandaCoin is developing an NFT marketplace centered around panda-themed digital art, potentially appealing to Chinaâs growing interest in NFTs.
3. LuckyCat (LUCKY) đ±đ
LuckyCat draws inspiration from the traditional Chinese symbol of good fortune, the waving cat (Maneki-neko). This memecoin seeks to combine cultural elements with modern cryptocurrency trends to attract a diverse user base.
Why Watch LuckyCat in China?
- Symbol of Good Fortune: The LuckyCat is widely recognized as a symbol of luck and prosperity in Chinese culture, making it an attractive theme for a memecoin.
- Community Engagement: LuckyCat focuses on building a vibrant community through social media challenges, giveaways, and interactive events.
- Innovative Applications: LuckyCat aims to introduce DeFi services and a unique rewards system that can appeal to China's tech-savvy and investment-oriented population.
Conclusion
China's crypto market is unique, characterized by its rapid technological adoption and cultural richness. Memecoins like DragonPup, PandaCoin, and LuckyCat have the potential to resonate deeply with Chinese investors due to their cultural relevance, community focus, and innovative features. While investing in memecoins carries inherent risks, their novel themes and potential utility could capture the imagination of Chinaâs crypto community. đ§§đ
#China #ChinaCrypto #memeæżćć łæłšççč #Chinese #SuperMacho
đđđ
$ETH
đđđ
$BNB
đđđ
$SOL
