News
The Senator’s comments addressed the tensions between the US and China, citing US generals based in Southeast Asia.
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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.
- Market Analysis
Bitcoin sells off amid mounting macroeconomic uncertainty, but data shows pro traders clinging to their bullish price expectations.
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DeepSeek’s latest AI model flags Xinjiang camps as human rights violations but censors direct criticism of China, raising concerns over contradictions and increased censorship.
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The cryptocurrency market is down today due to renewed fears over stalled US-China trade talks, significant long liquidations, and a weak technical structure.
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Nvidia shares have jumped nearly 5% after-hours after the chipmaker’s Q1 results beat estimates on revenue but fell short on earnings.
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Unitree director Wang Qixin says the robotics company used AI and motion capture to train the robots on real fight moves.
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The New York-listed Hong Kong firm DDC Enterprise plans to buy 5,000 Bitcoin over the next three years, and started off with an initial 21 Bitcoin purchase.
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Nvidia plans to launch a cheaper AI chip for the Chinese market following US export restrictions, Reuters reports.
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Swedish health tech firm H100 rallied 37% on the news of its Bitcoin treasury plan as a Chinese EV retailer announced plans to buy 1,000 Bitcoin.
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Bitcoin has set a new all-time high just nine days after the US and China closed a 90-day trade agreement, easing economic uncertainty and market jitters.
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Bitcoin is less than 5% away from making new all-time highs, and BTC futures markets look ready to support the rally.
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US crypto funds marked their fifth consecutive week of positive inflows, fully recovering from a $7 billion sell-off in February and March.
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A glitch affecting Apple ID-based KYC halted a user’s access to $100,000 until a crypto influencer got Bybit’s executive team involved for a swift resolution.
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Hong Kong police have arrested 12 people tied to a $15 million crypto laundering operation, which was dismantled on the same day.
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Paraguayan law enforcement has deported three undocumented immigrants from China after they were caught breaking into a crypto mining facility attempting to steal machines.
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