China

UK Woman Found Guilty of Laundering Bitcoin Tied to $6 Billion China Fraud

Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC...
Read More

Chinese Bitcoin Miners Opt for Ethiopia’s Cheap Energy and Ideal Climate

Chinese Bitcoin miners have set their sights on Ethiopia in a strategic move driven by the pursuit of cheap energy and favorable climates. Last spring, cargo containers near electricity substations linked to Africa’s largest hydroelectric project, the Grand Ethiopian Renaissance Dam (GERD), signaled the arrival of Chinese miners. Ethiopia Emerges as Prime Destination for Chinese...
Read More

3 Reasons China Should Repeal Bitcoin Ban (Opinion)

China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to...
Read More

Chinese Officials Tackle Rising Crypto Corruption, Call for Enhanced Legal Measures

Chinese official media has highlighted the growing concern over corrupt officials utilizing advanced methods to conceal and transfer illicit gains. This trend, marked by the use of cryptocurrencies and other digital mediums, was a central topic at the 2023 annual meeting of the China Integrity and Legal Research Association. China Faces New Wave of Crypto-Related...
Read More

RenrenBit Founder Sentenced in Prison as China Cracks Down on Crypto Activities

China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This move underscores China’s continued crackdown...
Read More

China-Based Boyaa Interactive to Acquire $100M Worth of Bitcoin, Ethereum

Boyaa Interactive, a board and card game company based in China and listed on the Hong Kong Exchanges and Clearing Limited, has announced plans to acquire approximately $100 million worth of cryptocurrency assets, primarily BTC and ETH. This strategic business decision comes when institutional crypto investment rises, with Bitcoin and Ethereum emerging as major beneficiaries....
Read More

SlowMist Exposes Crypto Fund Theft Linked to Fake Skype App

A sophisticated phishing scam involving a counterfeit Skype application has resulted in the theft of a substantial amount of cryptocurrency, according to SlowMist, a prominent blockchain security firm. The investigation has also revealed a connection to a past phishing incident that involved the same domain previously posing as Binance. Phishing App Mimics Skype in Security...
Read More

Caroline Ellison Says FTX Bribed The Chinese Government With $100 Million

Former Alameda Research CEO Caroline Ellison offered more details about various financial crimes she committed at FTX with her ex-boyfriend, Sam Bankman-Fried while testifying in court on Wednesday. Besides stealing FTX customers’ money, Ellison said FTX bribed the Chinese government with $100 million to unlock a much larger pool of frozen assets. FTX’s Bribes According...
Read More

Hong Kong’s Crypto Initiatives Spark ‘Bubbling Optimism’ in East Asia: Chainalysis

Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. Chainlysis’ latest analysis signals a potential tailwind...
Read More

Chinese Official Sentenced to Life Imprisonment for Bitcoin Mining Operation and Corruption Charges

A former Chinese government official, Xiao Yi, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation within the country’s borders, alongside unrelated acts of corruption. Yi pled guilty to the charges, and the government has already seized all of his bribes and profits. Illegally Helping A Bitcoin Miner...
Read More

Maximum Contol: China Plans to Monitor all Metaverse Users (Report)

The state-owned telecom operator China Mobile has reportedly proposed the creation of a “Digital Identity System” to keep track of all local metaverse users.  The idea has been discussed between tech experts and Chinese officials and could set global rules focused on that technology. A Safety Measure or Additional Government Control? According to a recent...
Read More

Arthur Hayes Claims Removal of US Retail Investors From Crypto Capital Market is Misplaced

The ongoing regulatory enforcement actions are threatening to drive US crypto businesses offshore. The implications of such a shift for the country’s economy are significant, something that has translated into declining crypto prices, making investors even more jittery. While the market’s concerns regarding the potential removal of the US retail investor from the crypto capital...
Read More

Chinese Police Detain Team Behind Yuan-Backed CNHC Stablecoin: Report

Chinese police have reportedly arrested and detained some employees of Trust Reserve, the company behind the yuan-backed CNHC stablecoin. According to a report from local media PANews, the Trust Reserve’s core team was apprehended at noon on May 29, and their family members have been notified. Police Arrest CNHC Issuance Team Representatives for PANews visited...
Read More

China Will Dominate Global Digital Finance Warns Coinbase CEO

In an opinion piece on May 30, the Coinbase CEO wrote that recent crypto industry turbulence “might make it tempting for policymakers to write it off as an unstable asset class.” This is effectively what U.S. regulators have been doing, missing the forest for the trees in treating crypto as a speculative or gambling tool...
Read More

Beijning Will Invest at Least $14M Per Year to Strengthen Web3 Foothold

China seems to be opening up to some parts of the industry. Despite its hard stance on trading and owning cryptocurrencies like Bitcoin and Ethereum, the country is pushing for the development of Web3. During the parallel forum of the 2023 Zhongguancun Forum called Web3: Future Internet Industry Development, the Beijing Municipal Science and Technology Commission, alongside...
Read More

Chinese Supreme Court Clarifies Framework for Crypto Disputes

Ever since September 2021, China has banned cryptocurrency transactions and heavily curtailed crypto mining operations. However, the ban has turned out to be, in practice, more of a general guideline. Since its implementation, Chinese policymakers have discussed crypto taxation. Furthermore, a court case from 2022 clarified that although locals are not allowed to use crypto...
Read More

Binance Refutes ChatGPT-Linked Allegations of Ties to China’s Communist Party (Report)

The world’s largest cryptocurrency exchange – Binance – claimed that someone had used ChatGPT to present Changpeng Zhao (CEO of the company) as an official in the Chinese Communist Party.  Some experts have warned that the recent development in the Artificial Intelligence (AI) field could have a disruptive effect on journalism. Others alerted that ChatGPT...
Read More

Bitcoin Will Go Substantially Higher According to Novogratz, Here’s Why

Mike Novogratz – the CEO of Galaxy Digital – opined that China’s less hostile stance on the crypto industry could be one reason behind bitcoin’s possible price increase in the next several months. The Hong Kong subsidiaries of some leading Chinese banks have recently offered their services to local cryptocurrency businesses.  Novogratz’s Bullish Forecast The...
Read More

Hong Kong Regulators to Host a Meeting Between Crypto Firms and Local Banks (Report)

The financial watchdogs of Hong Kong will reportedly host a meeting between domestic cryptocurrency businesses and bankers. The initiative could ease financing for the industry as the region seeks to emerge as a global digital asset hub. Crypto firms based in Hong Kong have supposedly received support from leading Chinese banks in the past several...
Read More

Leading Chinese Banks Support Hong Kong-Based Crypto Firms: Report

The subsidiaries of some of the largest Chinese banking institutions, including the Bank of Communications, the Bank of China, and Shanghai Pudong Development Bank, have reportedly either started offering their services to cryptocurrency businesses based in Hong Kong or reached out to them. The special administrative region has recently emerged as a digital asset hub,...
Read More

Chinese Crypto Exec Quits Firm Amidst Sexual Harrasment Probe

A&T Capital’s founding partner Yu Jun reportedly resigned from his position earlier this month. While the crypto fund cited “personal issues” as the reason, Jun has refrained from commenting on the matter. According to a statement to Bloomberg, A&T Capital said that Jun, a veteran in China’s crypto investor community, is no longer involved with...
Read More

Binance Employees Trained Users to Bypass KYC and AML Rules (Report)

On March 23, CNBC reported that a group of Binance angels shared techniques that allow users to bypass the platform’s KYC, residency, and verification systems. CNBC confirmed the information by reviewing hundreds of messages posted on a Discord server and a Telegram group controlled and operated by Binance, which apparently ran from 2021 to March...
Read More

Canaan’s Q4 22 Mining Revenue Increased by 368% But There’s a Catch

Increasing electricity costs and a decline in digital asset prices coupled with high mining difficulty in the fourth quarter slashed mining profit margins and made it difficult for miners to stay afloat. Chinese crypto mining rig maker – Canaan – reported a mining revenue of $10.5 million in the fourth quarter, representing an increase of...
Read More

Tencent Cloud Dives Deeper into Web3 with New Partnerships

Tencent Cloud announced strategic collaborations with prominent companies in the crypto industry namely – Ankr, Avalanche, Scroll, and Sui – to support the development of the Web3 ecosystem. According to the official statement by the subsidiary of the Chinese tech giant, the latest move aims to establish close relationships with industry partners to assist developers...
Read More

Hong Kong’s Crypto Push Could Have China’s Backing: Reports

Is China experimenting with crypto in its backyard – Hong Kong? Over the last few months, the city has made some decisive moves to have a clear regulatory environment for crypto businesses in its jurisdiction. Hong Kong is the special administrative region of China with a separate legal system and control over its markets. As...
Read More

Cameron Winklevoss Predicts Next Crypto Bull Run Will be Driven by Asia

On Feb. 20, the crypto pioneer said his working thesis at the moment is that the next bull run is going to start in the East. He added that it will be a reinforcement of the principle that crypto is a global asset class. Each region can have its own rules and stance on crypto,...
Read More

China Establishes National Blockchain Organization (Report)

The Chinese Ministry of Science and Technology reportedly approved the launch of the National Blockchain Technology Innovation Center.  It will be based in the capital Beijing and will focus on use cases that could boost the local economy.  Unlike BTC, China is Supportive of Blockchain  According to recent coverage, the newly-formed entity will try to advance...
Read More

Chinese Cities Introduce Digital Yuan Payments During the Spring Festival (Report)

Major Chinese cities, including Shenzhen, Jinan, and Lianyungang, have reportedly launched approximately 200 activities involving the digital yuan during the Spring Festival.  The authorities aim to boost the asset’s adoption during one of the largest holidays in the country. China Continues With its CBDC Efforts According to recent coverage, the local government started digital yuan activities...
Read More

Justin Sun Wants Tron (TRX) to Become Legal Tender in 5 Countries This Year

Tron’s Founder – Justin Sun – said one of his primary targets is to see TRX becoming an official payment method in five different countries by the end of 2023.  He believes one of the nations to embrace the asset could be his homeland China. The ‘Ambitious Goal’ In a recent Twitter thread, Sun raised...
Read More

What Is Happening With China and its Crypto Approach?

Last year’s industry-wide meltdown has haunted Asian firms as they cautiously plot their recovery. China was once a hotbed for crypto mining and trading. Even after announcing a blanket ban on all digital asset activities more than a year ago, there’s reason to believe that the country may make a comeback in the space. Tron...
Read More
1 2 3 12

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Bitcoin (BTC) $ 70,483.88 0.47%
Ethereum (ETH) $ 3,577.57 0.04%
Tether (USDT) $ 0.999921 0.01%
BNB (BNB) $ 583.93 1.00%
Solana (SOL) $ 184.54 1.51%
Lido Staked Ether (STETH) $ 3,566.06 0.35%
XRP (XRP) $ 0.620395 0.22%
USDC (USDC) $ 1.00 0.12%
Dogecoin (DOGE) $ 0.219806 17.50%
Cardano (ADA) $ 0.649195 1.38%