RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground By
Shanghai Man: RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.
This week, the word “Evergrande” found its way into the vocabulary of every western investor. After years of watching the corporations football team on TV and drinking its bottled water, Crypto Twitter (NYSE:) was the last place the Man in Shanghai expected to find it. After facing debts of over $300 billion, all types of rumors swirled, leading its Hong Kong-listed shares to drop 80% and a massive crypto sell-off early in the week.
Misreading their tea-leaves
on the blockchain
Asias largest custodian on the rise
FTX gains ground on Huobi
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground By