China’s efforts to suppress Bitcoin mining, once the global epicenter of cryptocurrency production, have largely failed to eliminate activity, highlighting structural and economic realities of the industry. Despite regulatory bans and enforced shutdowns, miners have relocated to other jurisdictions, while underground operations persist domestically. Factors such as decentralized mining infrastructure, profitable energy arbitrage, and international… Continue reading Why China’s Bitcoin Mining Crackdown Failed to Halt Crypto Production
Category: China
Hong Kong Stablecoin Stocks Slide as PBOC Signals Intensified Crypto Crackdown
Hong Kong–listed companies tied to stablecoin and digital-asset operations witnessed a sharp downturn after the People’s Bank of China (PBOC) reiterated its commitment to tightening oversight of cryptocurrency-related activities. The renewed warning from Beijing revived concerns about regulatory pressure spilling over into regional markets, particularly firms with exposure to blockchain infrastructure, virtual-asset payments and stablecoin… Continue reading Hong Kong Stablecoin Stocks Slide as PBOC Signals Intensified Crypto Crackdown
China Alleges U.S. Involvement in $13 Billion Bitcoin Cyber Heist, Escalating Digital Tensions
China has accused the United States of orchestrating a massive cyberattack that allegedly resulted in the theft of approximately $13 billion worth of Bitcoin from Chinese nationals and institutions. The claim, which has intensified geopolitical friction between the two global powers, suggests that U.S. intelligence agencies conducted covert operations targeting digital assets linked to China.… Continue reading China Alleges U.S. Involvement in $13 Billion Bitcoin Cyber Heist, Escalating Digital Tensions
Chinese National Arrested in Bangkok for Orchestrating Rs. 117 Crore Crypto Ponzi Scheme
Title: Thai authorities have arrested a Chinese national in Bangkok in connection with an alleged cryptocurrency Ponzi scheme valued at approximately Rs. 117 crore (USD 14 million). The suspect, who had been on the run for several months, is accused of defrauding investors across multiple countries through a fraudulent digital asset investment network. The arrest… Continue reading Chinese National Arrested in Bangkok for Orchestrating Rs. 117 Crore Crypto Ponzi Scheme
China’s Firm Grip on Crypto Regulation as Asia Accelerates Toward Stablecoin Integration
As digital currencies gain traction across Asia, a striking divergence has emerged in regulatory approaches. While nations such as Japan, Singapore, and Hong Kong are advancing toward stablecoin adoption and digital asset integration, China continues to enforce its stringent restrictions on cryptocurrency activities. This dual trajectory reflects both a philosophical and strategic divide—where some economies… Continue reading China’s Firm Grip on Crypto Regulation as Asia Accelerates Toward Stablecoin Integration
China’s Big Tech Giants Suspend Stablecoin Initiatives Amid Regulatory Scrutiny
China’s leading technology companies have temporarily halted plans to launch stablecoins following intensified regulatory scrutiny from government authorities. The suspension underscores Beijing’s cautious stance toward digital currencies, particularly those issued by private firms, amid concerns over financial stability, capital outflows, and monetary control. While stablecoins promise enhanced payment efficiency and cross-border settlement, regulators remain focused… Continue reading China’s Big Tech Giants Suspend Stablecoin Initiatives Amid Regulatory Scrutiny
China Renaissance Eyes $600 Million Capital Raise for BNB Crypto Treasury
China Renaissance, a prominent investment banking and financial services firm, is reportedly planning to raise $600 million to bolster its BNB cryptocurrency treasury. The move underscores the growing institutional appetite for digital assets and the strategic positioning of traditional finance players in the evolving crypto landscape. By enhancing its exposure to BNB, China Renaissance aims… Continue reading China Renaissance Eyes $600 Million Capital Raise for BNB Crypto Treasury
Global Crypto Market Loses $19 Billion Amid Turmoil Triggered by Trump’s 100% China Tariffs
The cryptocurrency market experienced a sharp downturn this week, erasing nearly $19 billion in value after former U.S. President Donald Trump announced a sweeping 100% tariff on all Chinese imports. The move, which reignited fears of a renewed trade war between the world’s two largest economies, sent shockwaves through global financial markets. Bitcoin, Ethereum, and… Continue reading Global Crypto Market Loses $19 Billion Amid Turmoil Triggered by Trump’s 100% China Tariffs
Xi Jinping’s Retaliation on U.S. Trade Curbs Signals Challenges Ahead for Bilateral Deal
Chinese President Xi Jinping’s recent measures to counter U.S. trade curbs underscore the fragile state of Sino-American economic relations and highlight the complexities of reaching a long-term trade agreement. The move comes in response to renewed tariffs and export restrictions imposed by the U.S., reflecting escalating tensions over technology, intellectual property, and market access. Analysts… Continue reading Xi Jinping’s Retaliation on U.S. Trade Curbs Signals Challenges Ahead for Bilateral Deal
Donald Trump’s China Tariff Announcement Triggers Historic Single-Day Crypto Market Crash
Global cryptocurrency markets suffered their largest single-day decline following former U.S. President Donald Trump’s announcement of new tariffs on Chinese imports. The announcement intensified fears of geopolitical instability and potential economic slowdown, prompting massive sell-offs across major digital assets, erasing billions in market value. Analysts note that cryptocurrencies, already sensitive to macroeconomic shifts, reacted sharply… Continue reading Donald Trump’s China Tariff Announcement Triggers Historic Single-Day Crypto Market Crash