China’s Biggest Payment Firms Have No Plans to Follow Facebook into Crypto

A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans......»»

Facebook, Inc. (NASDAQ: FB) has ambitious plans to build out a cryptocurrency-supported payment system and is reaching out to dozens of financial firms and merchants, The Wall Street Journal reported. read more.....»»

Chinese entrepreneurs behind some of the biggest crypto firms in the world have made the country's billionaires list for the first time......»»

Although crypto markets seemed to recover from the recent fall, some believe that regulatory uncertainties surrounding Bitcoin mining and trading firms in China could lead to even more sell pressure going forward. read more.....»»

Bitcoin on Friday saw a resumption of a selloff that commenced in Wednesday, as China underscored its plan to crack down on the nascent crypto sector......»»

Earnings reports from the country's biggest tech firms continue to roll out this week......»»

Facebook Plans To Launch Stablecoin That Will Compete With Dollar Early Next Year A couple of days ago, Morgan Stanley warned that China's new di.....»»

Retailers in the food and drink sector, as well as big tech firms, are recognizing crypto's popularity as a payment option Retailers are recognizing bitcoin's growing popularity. NurPhoto/Getty Images Bitcoin.....»»

Retailers in the food and drink sector, as well as big tech firms, are recognizing crypto's popularity as a payment option Retailers are recognizing bitcoin's growing popularity. NurPhoto/Getty .....»»

Beijing Orders Alibaba To Dump Media Assets That Rival China's Propaganda Machine Beijing is reviving its crackdown on the country's biggest tech firms, reminding the world that the CCP is still focused on neutraliz.....»»

China, which surpassed the U.S. as the world’s biggest polluter years ago, is looking to financial markets to help restrain its greenhouse gas emissions. It plans to launch the world’s largest carbon market this year and will shortly put in pla.....»»

Taiwan Semiconductor Manufacturing Co Ltd , the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration's efforts to wrestle global tech supply chains back from China......»»

Ford has reopened plants in China and Europe and plans to follow in North American on May 18. The move towards electrics remains a big push for the company, even for its best-selling vehicle, the........»»

The Milwaukee Business Journal’s Beer Biz MKE blog looks at every corner of Milwaukee’s beer industry from distribution and canning to production and beer events. Follow along for updates on breweries coming and leaving town and the biggest trend.....»»

The biggest mistake construction business owners or contractors can make right now is not being prepared with multiple contingency plans......»»

Most U.S. firms have no plans to leave China due to coronavirus -survey.....»»

The majority of American companies in China have no plans to relocate production or sourcing activities to other parts of the country or abroad due to the coronavirus, a survey showed on Friday......»»

A boutique law firm is leading a bevy of charges against the biggest names in crypto while MakerDAO plans its obsolescence......»»

NYDFS is asking all crypto firms operating in New York to prepare detailed plans in case day-to-day operations are disrupted by the coronavirus outbreak......»»

Tesla Inc plans to increase its production capacity for certain car parts at its $2 billion factory in China, according to a government document seen by Reuters, as it pushes to localize its supply chain in the world's biggest auto market......»»