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Vectra AI and Gigamon announce new OEM partnership

ATPBot Launches Decentralized Bitcoin Trust to Break the Monopoly

SINGAPORE, SINGAPORE / ACCESSWIRE / December 29, 2023 / As cryptocurrency assets continue to rise in prominence within the financial landscape, the centralized monopoly of traditional investment institutions has become a limiting factor for cryptocurrency .

Chinese state firms help to troubled shadow bank does little to address investor concerns

The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co's operations and management may diffuse risk at the troubled shadow bank but does little to ease concerns about missed payments, analysts and investors said. The shadow bank, which traditionally had sizable real estate exposure, missed payments on dozens of so-called trust products since late July, roiling markets and raising fears that China's financial system may be at risk from the property sector crisis. Angry retail investors in Zhongrong's trust products last month held protests in Beijing and lodged complaint letters with regulators, pleading with the authorities to step in after the missed payments.

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