News
A law passed in the previous session of the US Congress requires ByteDance to divest ownership of TikTok or face a potential ban starting on April 5.
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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
The US-led tariff war gets all the blame for Bitcoin’s year-to-date weakness, but there are other factors weighing on BTC price.
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OpenAI expects revenue to reach $12.7 billion this year, driven by its paid AI subscription offerings — but Chinese AI rivals are spinning up in droves.
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The recent trade tensions could present an opportunity for American hardware manufacturers to help ramp up onshore Bitcoin mining, according to a US Bitcoin mining supplier.
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Global tariff concerns are “the biggest driver” for both crypto and traditional markets, Nansen analysts told Cointelegraph.
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Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime.
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Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.
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An Arkansas crypto mining group has taken action against two state officials who they claim enforced an unconstitutional law restricting a foreign-born US citizen’s mining activities.
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If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US.
8862 - Market Analysis
Bitcoin’s upside appears to be capped by recession risks, geopolitics and investors’ anxiety over Friday’s crypto summit at the White House
6594 - Market Update
Analysts say Bitcoin’s recent weekend pump to $95,000 is eerily similar to the “Xi pump” in 2019.
12357 - Market Analysis
Favorable macroeconomic conditions and the potential of a US strategic crypto reserve launch could help Bitcoin flip $90,000 to support.
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Global trade concerns continue pressuring investor sentiment, risking a potential Bitcoin correction below the key $75,000 support level.
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Hong Kong’s Cyberport expands AI and Web3 research with $125 million in funding, boosting blockchain development and AI talent programs.
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Bitcoin fell below $90,000 for the first time since November 2024 as ETF outflows continued, crypto liquidations surpassed $1.3 billion and US-China trade tensions weighed on investor sentiment.
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