News
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July.
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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.
- Opinion
Five years after our last global crypto policy review, America leads a pro-crypto shift while China retreats, and new “sovereign innovators” like El Salvador chart bold paths.
316 - Opinion
China’s plan to liquidate confiscated crypto through Hong Kong exchanges isn’t simply a policy — it’s to control global digital asset markets and outmaneuver the US.
40610 - Explained
In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves.
- News
Pyth Network has launched live, onchain price feeds for 85 major Hong Kong stocks, removing access barriers and enabling real-time financial data integration.
9930 - News
China’s JD.com announced plans for a Hong Kong dollar stablecoin last summer and is now expected to be among the first issuers under HKMA’s stablecoin regime.
3001 - News
The HKMA completed stablecoin regulations set to take effect Aug. 1, warning no licenses have been issued and urging caution against hype and scams.
2382 - News
Leading Bitcoin mining ASIC manufacturer Bitmain is set to open its first US-based production facility by early 2026 amid a broader industry shift to the US.
3859 - Market Analysis
ETH price corrected at the weekly open, but futures data pinpoints the possibility of a breakout to $5,000.
3935 - Market Analysis
Bitcoin traders turn cautious as BTC trades near a critical support level, but outright panic is absent in derivatives markets.
3562 - News
Chinese blockchain Conflux launched Conflux 3.0 network and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments.
7188 - News
A US bankruptcy court is set to decide whether to block creditor payouts to certain countries after receiving nearly 70 objections from creditors in China, Saudi Arabia and more.
4262 - News
Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins.
5339 - News
Ignoring the reduced customer acquisition costs made possible by AI places businesses at a significant disadvantage, O'Leary said.
6085 - News
Ant Group is reportedly working with Circle to integrate USDC into its blockchain platform once the stablecoin achieves regulatory compliance.
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