{"id":20704,"date":"2022-06-23T02:14:37","date_gmt":"2022-06-23T02:14:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=20704"},"modified":"2022-06-23T02:14:37","modified_gmt":"2022-06-23T02:14:37","slug":"cx-daily-will-the-bear-market-end-the-blockchain-funding-frenzy","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20704","title":{"rendered":"CX Daily: Will the Bear Market End the Blockchain Funding Frenzy?"},"content":{"rendered":"


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Blockchain \/<\/b><\/p>\n

In Depth: Will the bear market end the blockchain funding frenzy?<\/b><\/p>\n

Investors have plowed cash into crypto and blockchain companies at an unprecedented pace in 2022, but some say<\/b><\/a> this trend will slow as the bear market diminishes their appetite for speculative investments.<\/p>\n

Crypto and blockchain companies raised at least $26.4 billion across 992 deals in the first five months of the year, triple the $8.8 billion recorded in the same period last year, according to data from Dove Metrics, a crypto fundraising database.<\/p>\n

Bitcoin tumble sends<\/b><\/a> Thai tech stock from first to last in world<\/p>\n

New Oriental \/<\/b><\/p>\n

Analysis: New Oriental\u2019s livestreaming a hit, but hurdles remain to long-term success<\/b><\/p>\n

Chinese tutoring giant New Oriental\u2019s pivot to livestreaming e-commerce took off in the first half of June <\/b><\/a>thanks to auspicious social media attention, but whether the struggling company can sustain this success will hinge on product selection and quality as well as supply chain management.<\/p>\n

Once China\u2019s largest private sector education company, New Oriental Education and Technology Group Inc. has been scrambling to transform itself since Beijing embarked last summer on a draconian clampdown on for-profit private education that has devastated the company\u2019s business.<\/p>\n

Health code \/<\/b><\/p>\n

Local officials punished for abusing China\u2019s health code system<\/b><\/a><\/p>\n

Four officials and one big data company executive in Zhengzhou have been punished, local graft busters said Wednesday, after they were found to have abused a Covid control system to prevent people from taking their money out of ailing local banks.<\/p>\n

The decision to abuse the system was made by Feng Xianbin, executive deputy secretary of the politics and law commission of the Zhengzhou municipal party committee, and Zhang Linlin, an official with the city\u2019s anti-epidemic authority, according to an official statement from the local discipline inspection authority.<\/p>\n

FINANCE & ECONOMY<\/b><\/p>\n

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China\u2019s financial regulators have been clamping down on structured bond issuances.<\/p>\n

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Bonds \/<\/b><\/p>\n

Xiangtan Construction Investment barred from bond borrowings for two years<\/b><\/p>\n

China\u2019s interbank bond market regulator punished another company<\/b><\/a> for issuing debt instruments in violation of rules and disrupting market order, the third such penalty in less than two years.<\/p>\n

Xiangtan Construction Investment Ltd. Co. was banned from borrowing money in the bond market for two years and was ordered to conduct comprehensive rectification of problems exposed in its violations of regulations, the National Association of Financial Market Institutional Investors (NAFMII) said Tuesday in a statement. NAFMII is a self-regulatory organization for the interbank market backed by China\u2019s central bank.<\/p>\n

Quick hits \/<\/b><\/p>\n

Hong Kong Monetary Authority<\/b><\/a> buys local dollar at record pace as peg gets tested<\/p>\n

Opinion:<\/b><\/a> Possible tariff rollback won\u2019t alter U.S. strategy to contain China<\/p>\n

BUSINESS & TECH<\/b><\/p>\n

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\"2020\u5e744\u6708\uff0c\u4e2d\u56fd\u6052\u5927\u4ee568\u4ebf\u5143\u5e95\u4ef7\u62ff\u4e0b\u5e7f\u5dde\u756a\u79ba\u533a\u8c22\u6751\u4f53\u80b2\u8bbe\u65bd\u5730\u5757\u548c\u914d\u5957\u4ea7\u4e1a\u5730\u5757\uff0c\u5ba3\u79f0\u5c06\u6295\u8d44120\u4ebf\u5143\u6253\u9020\u53ef\u5bb9\u7eb310\u4e07\u540d\u89c2\u4f17\u7684\u4e13\u4e1a\u8db3\u7403\u573a\uff0c\u8ba1\u52122022\u5e74\u7ae3\u5de5\u5e76\u6295\u5165\u4f7f\u7528\u3002\u56fe\/\u89c6\u89c9\u4e2d\u56fd\"<\/td>\n


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Evergrande has shaken China\u2019s real estate industry and global bond markets ever since its liquidity crisis escalated late last year.<\/p>\n

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Property \/<\/b><\/p>\n

Evergrande says debt restructuring plan is on schedule for end of July<\/b><\/p>\n

Debt-ridden property developer China Evergrande Group reaffirmed<\/b><\/a> that a preliminary debt restructuring plan can be expected on schedule by the end of July in the company\u2019s latest effort to allay creditors\u2019 concerns over its ability to repay a mountain of debt.<\/p>\n

Saddled with more than $300 billion of liabilities, Evergrande has shaken China\u2019s real estate industry and global bond markets ever since its liquidity crisis<\/b><\/a> escalated late last year when it missed payment<\/b><\/a> on a $260 million dollar-bond guarantee, triggering cross-defaults of its offshore debts.<\/p>\n

Chinese developer accepts<\/b><\/a> wheat, garlic for down payments<\/p>\n

Insider trading \/<\/b><\/p>\n

Sacked head of Chinese property firm claims conspiracy amid insider trading allegations<\/b><\/p>\n

The former head of a Chinese real estate developer is fighting back against accusations<\/b><\/a> of insider trading that led to his recent detention by police, claiming he is the target of a conspiracy.<\/p>\n

Lu Junsi, ex-chairman of Gree Real Estate Co. Ltd. (GRE), said police in Shangrao, a city in East China\u2019s Jiangxi province, acted illegally during their investigation after he reported six individuals for insider trading, according to letters that were circulated on the internet Sunday.<\/p>\n

Freight \/<\/b><\/p>\n

Almost 80% of China\u2019s logistics firms report falling profits in first five months, survey shows<\/b><\/p>\n

Almost 80% of China\u2019s logistics companies reported that their profits declined <\/b><\/a>in the first five months, according to an industry survey, as weakening demand, rising costs and a cash crunch due to the effects of the Covid-19 pandemic continued to weigh on business.<\/p>\n

Road freight volumes of more than 60% of respondents surveyed by the China Federation of Logistics and Purchasing nosedived by 5% to 30% year-on-year between January and May, according to a report published Tuesday by the industry group.<\/p>\n

Quick hits \/<\/b><\/p>\n

Apple job listing<\/b><\/a> indicates CarPlay push in China<\/p>\n

TikTok wins rights<\/b><\/a> to stream FIFA World Cup<\/p>\n

Long Read \/<\/b><\/p>\n

Chinese history offers <\/b><\/a>lessons on sustaining charitable giving<\/p>\n

GALLERY<\/b><\/p>\n

Chinese swimmers triumph in Budapest<\/a><\/b><\/p>\n\n\n\n\n
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Recommended newsletter for you \/<\/b><\/p>\n

Caixin Must-Read Newsletter brings you the best of our coverage and stories you can\u2019t miss. You can opt-in<\/b><\/a> now and get hand-picked news coverage delivered to your inbox each week for free.<\/p>\n

Thanks for reading. If you haven\u2019t already, click<\/span> here<\/span><\/b><\/a> to subscribe.<\/span><\/p>\n<\/p><\/div>\n

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Blockchain \/ In Depth: Will the bear market end the blockchain funding frenzy? Investors have plowed cash into crypto and blockchain companies at an unprecedented pace in 2022, but some say this trend will slow as the bear market diminishes their appetite for speculative investments. Crypto and blockchain companies raised at least $26.4 billion across […]<\/p>\n","protected":false},"author":1,"featured_media":20705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[1251,73,473,462,901,219],"class_list":["post-20704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bear","tag-blockchain","tag-daily","tag-frenzy","tag-funding","tag-market"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/1572265007477691_560_373.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20704"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20704\/revisions"}],"predecessor-version":[{"id":20706,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20704\/revisions\/20706"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20705"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20704"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}