News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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China Crypto News
China, a global economic powerhouse with the world’s largest population, drives significant global trade marked by rapid industrialization and economic growth. China once served as a center for crypto trading and had a vibrant ecosystem of exchanges. However, in 2017, the Chinese government outlawed domestic cryptocurrency exchanges and initial coin offerings (ICOs) because of concerns about financial stability.
China intensified its regulations in 2021 by focusing on crypto mining — once a massive industry in the nation — citing concerns about speculative risk, financial stability and energy usage. Despite its hardline stance on cryptocurrencies, China is actively pursuing blockchain technology adoption across various sectors, including finance, supply chain and urban planning.
Blockchain parks and incubators have been established in various provinces and towns to aid new businesses and established firms specializing in blockchain technology. With its Digital Currency Electronic Payment system — a state-backed digital currency managed by the People’s Bank of China — China is at the forefront of central bank digital currency development. China wants to internationalize its currency and lessen reliance on the United States dollar in international trade and finance, and its CBDC, the digital yuan, is a component of that effort.
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Haowang Guarantee, formerly Huione Guarantee, has announced that it will cease operations following a massive Telegram purge of merchant accounts.
3501 - News
Banking giant UBS says its high-net-worth clients in Asia are pivoting from US dollar assets toward gold, crypto and Chinese markets.
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Elliptic reports that Xinbi Guarantee has received $8.4 billion, primarily in stablecoin transactions, to facilitate money laundering and scamming in Southeast Asia.
2316 - Price Analysis
Bitcoin is witnessing profit booking near its all-time high, but it is likely to find solid support at $100,000. Will altcoins follow?
10642 - Market Analysis
Bitcoin price takes an unexpected turn to the downside even as stocks soar following the US-China trade deal announcement.
15615 - Market Analysis
Bitcoin sells off after nearly rallying to $106,000, but data suggests the correction will be short-lived.
6312 - News
The constructive tone of tariff negotiations removes the risks of “sudden re-escalation,” potentially paving the way for risk assets to surpass their January peaks, analysts said.
4976 - Market Analysis
The US will cut tariffs on Chinese goods from 145% to 30%, and China will slash duties on US imports from 125% to 10%, boosting Bitcoin's breakout potential.
10567 - News
If the trade uncertainty was driving Bitcoin momentum, it should stop outperforming once a trade deal is announced, says an analyst.
5674 - News
Details of the talks would be released on May 12, according to an announcement.
3866 - Market Analysis
Bitcoin price opened the week with a correction, but strong interest from institutional investors keeps the $100,000 target within reasonable reach.
5731 - Market Analysis
Moderate optimism can be seen in Bitcoin derivatives data, but not everyone is convinced that new all-time highs are “programmed.”
6499 - News
Analysts are pointing to signs of approaching trade negotiations in May as a potential catalyst for improved investor appetite in traditional and cryptocurrency markets.
9374 - Market Analysis
Stocks rally alongside Bitcoin, calling into question the whole “decoupling” narrative. Are equities and BTC headed back to new highs?
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