China’s evolving financial landscape is witnessing a significant shift as the demand for alternative investments surges. Despite regulatory hurdles, over-the-counter (OTC) cryptocurrency brokers in China are recording unprecedented inflows. With weak equity markets and an unstable property sector, investors are…
Governments With Bitcoin: How US and China Crypto Stashes Could Rock the Market – Are We Heading for Chaos?
The sale of Bitcoin by the German government recently caused a huge concern in the crypto market. Yet, the situation is even more alarming when considering number of Governments with Bitcoin and massive amounts of other cryptocurrency. So, if these…
China Endures Cryptocurrency Challenges Despite Bans
China’s ongoing efforts to curtail illicit foreign-exchange transactions have unveiled the persistent use of cryptocurrencies within its borders. Despite stringent prohibitions on digital-asset trading, the allure of cryptocurrencies remains strong among Chinese citizens. Recent police raids have highlighted the scale…
Crackdown on $1.9 Billion Illegal Bank Using USDT in China
In a significant crackdown on illegal financial activities, the police in Southeast China’s Sichuan province have successfully dismantled an underground bank that had been utilizing the USDT stablecoin for foreign currency exchanges. The transactions involved in this illicit operation amounted…
China’s Trademark Office Grants Approval for NFT and Virtual Asset Trademarks
In a significant move highlighting China’s recognition of the growing importance of virtual assets, the Chinese Trademark Office has recently approved several marks related to NFTs and metaverse goods and services. This development showcases the country’s commitment to embracing the…
Hong Kong Widens Testing of China’s Digital Yuan to Additional Banks
In the era of rapid digitalization, financial landscapes around the world are evolving at a pace never seen before. One of the most intriguing developments in recent times is China’s exploration of its digital currency, the Digital Yuan, commonly known…
Bank of China’s BOCI and UBS Tokenized Securities in Hong Kong
In a significant stride towards the digitalization of finance, BOCI has successfully issued CNH 200 million in fully digital structured notes. This marks the first instance of a Chinese financial institution issuing a tokenized security in Hong Kong. The product…
China Has A $3.9 Billion Bitcoin Stash Despite Hostile Crypto Stance
The Chinese government is a crypto whale, according to Ki Young Ju, co-founder of CryptoQuant, despite its hostile stance toward the sector. Young Ju claims that China has seized $6 billion worth of cryptocurrencies from the PlusToken scam in 2019,…
China Ranks Top 10 in the World’s Crypto Adoption
China, the second largest economy in the world, has returned to the top 10 countries in terms of crypto adoption according to The 2022 Geography of Cryptocurrency Report, a report done by Chainalysis. The Red Dragon dropped to 13th place…
Japan Follows China’s Footsteps by Preparing for Digital Currency
Japan is getting ready to unveil its digital currency on both the public and private sectors. Japan’s moves follow in the footsteps of China and other jurisdictions that have made similar moves in the recent past. The Chinese have been…
Crypto Hacks Reach $1.58 Billion as Market Values Rise
The world of cryptocurrency has always been a double-edged sword. While the decentralized nature of digital currencies offers a wealth of opportunities, it also presents significant risks, especially in the realm of cybersecurity. In 2024, the crypto industry has seen…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
