The US dollar’s value dropped on Wednesday, shedding significant ground against other currencies amid heightened trade tensions between the US and China. Investor uncertainty fueled a sell-off of […]
China Liquidates Crypto Assets to Stabilize Finances
Facing economic difficulties, China is taking drastic measures to bolster public finances. Local authorities are now liquidating seized cryptocurrency assets, reflecting a broader shift in economic strategy and […]
China’s Local Governments Offload Crypto Assets Abroad
Despite a strict ban on crypto trading within China, local governments are secretly disposing of seized digital assets in offshore markets, raising concerns about legal ambiguity and potential […]
China’s Seized Crypto Assets: A Growing Revenue Stream, But Regulatory Gap Persists
Despite China’s ban on cryptocurrency trading, seized digital currencies are generating substantial revenue for local governments. This is due to a continuous flow of illegal crypto transactions that […]
China Explores Bitcoin Amidst Trade Tension & Economic Slowdown
Facing unresolved trade tensions between the US and China, which have resulted in an economic slowdown, local Chinese governments are turning towards cryptocurrencies. Despite a ban on cryptocurrency […]
China’s $16B Bitcoin Liquidation Sparks Market Uncertainty
China has reportedly liquidated approximately $16 billion worth of Bitcoin in September, significantly impacting global cryptocurrency markets. The move is suspected to be an attempt by China to […]
China Sets Conditions for U.S. Trade Talks with Trump
China has signaled a conditional willingness to engage in trade negotiations with the United States, stipulating that former President Donald Trump’s continued influence on US policy must be […]
China Offloads Billions in Bitcoin, Flaunting Tight Crypto Crackdown
Despite a nationwide ban on crypto trading and holding for individuals, China has secretly auctioned off billions of dollars worth of seized bitcoin through offshore platforms. This move […]
China Open to Dialogue Amidst Trump Tariff Threats
China has indicated a willingness to engage in dialogue with the US regarding trade tensions if former President Donald Trump appoints a designated contact person and ensures consistent […]
China Liquidates $16 Billion in Seized Bitcoin Amid Economic Slowdown
Facing economic challenges, China has sold a significant portion of seized Bitcoin, worth approximately $16 billion. This massive liquidation action is expected to impact global crypto markets and […]
China Liquidates Cryptocurrency Assets Amidst Economic Downturn
Facing a slowing economy, the Chinese government is selling off seized cryptocurrency holdings as part of an effort to stabilize its financial markets. This unusual move signals a […]
China Offloads Seized Bitcoin in Offshore Markets Amidst Economic Pressures
Chinese local governments are resorting to selling seized cryptocurrency like Bitcoin in offshore markets, a move that circumvents the nation’s crypto trading ban due to economic pressures. This […]
U.S. Imposes Record Tariffs on Chinese Goods: Impacting Global Markets
The U.S. has implemented a record-breaking 245% tariff increase on goods imported from China, marking a significant escalation in trade tensions between the two countries. This unprecedented move […]
U.S. Imposes Record-High Tariffs on Chinese Imports
The United States has imposed record tariffs on Chinese imports, reaching a staggering 245%, as part of ongoing trade tensions. This escalation comes in response to China’s retaliatory […]
China Faces Crypto Cache Dilemma: How Should Illicit Digital Assets be Handled?
As China takes a stricter stance on crypto-related activities, a new dilemma is brewing for policymakers and legal experts—how to handle the vast trove of seized criminal cryptocurrency […]