China News by Thebittimes.Com

Blockchain equities inflows reached a recent high of $15 million as well. However, total trading volume dropped. A third straight week of positive digital asset inflows has fully corrected nine previous weeks of outflows for the market, according to a report from CoinShares published on July 10.  This week’s inflows registered $136 million. Bitcoin (BTC) funds continued their trend of holding the anchor position, with 98% of the inflows coming from BTC. The other 2% mostly came from Ether (ETH), multi-asset holdings, and a handful of altcoins. Source: Screenshot, CoinShares  After nine weeks where digital asset outflows outpaced inflow s, this third consecutive week of positive movement brings the current streak’s total to $470 million. According to Coinshares, this total fully corrects for the previous outflow streak. This brings the last 3 consecutive weeks inflows to US$470m, fully correcting the prior 9 weeks of outflows. Trading turnover has slowed though, which might be expla...

Crypto prices across the board have been suffering over the course of the last few days.  The meltdown of FTX has been a complete disaster for the industry, as one of the largest crypto market makers and one of the largest crypto hedge funds took out an extreme amount of leverage and then stole their clients' deposits.  Putting carbon credits on the chain One of the main goals of the IMPT ecosystem is to completely change the way that carbon credits are handled, and to set an example to the rest of the industry.  As of now, carbon credits are issued in a rather opaque manner by centralised counter parties, and can only be used to incentivise companies to reduce their carbon emissions.  The goal of IMPT is to ensure that consumers also have a financial incentive to reduce their carbon emissions. Companies that aren't pollutant and have high ESG scores are onboarded to the IMPT platform.  If users choose to buy at these companies through the I...