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China
Recently Exploited Crypto Bridge Shuts, Says China Detained CEO and His Sister
Multichain said it has been forced to take this action "due to lack of alternative sources of information and corresponding operational funds."
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.
Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
Sen. Tuberville on Bill to Block Chinese Ownership of American Crypto Companies
Sen. Tommy Tuberville (R-Ala.) and Sen. Kirsten Gillibrand (D-N.Y.) recently introduced a bipartisan bill to amend the Commodity Exchange Act to prohibit entities organized or established in China from acquiring a U.S. digital asset broker, dealer, custodian, or exchange. The Alabama lawmaker joins CoinDesk's Jennifer Sanasie to discuss the legislation, along with the future of crypto regulation in the United States.
Neil Tan: Hong Kong’s Crypto Push
Cryptocurrency firms are being driven to explore friendlier jurisdictions due to a challenging regulatory climate in the U.S., says Neil Tan, chairman of the FinTech Association of Hong Kong. The city’s strategic position as a gateway to China, combined with its robust access to capital, are strengthening its ambitions to become a leader in the virtual assets arena. However, Hong Kong faces stiff competition as it vies with Dubai and Singapore. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Tan explains why the comprehensive rules set by the city’s Securities and Futures Commission — including the facilitation of retail trading while ensuring investor protection — have become key attractions for these firms.
Bitcoin Holds Steady After China Rate Cut
Bitcoin (BTC) is holding steady near $27,000 as China slashed its key lending benchmarks for the first time in 10 months, which failed to lift the mood in traditional markets. Marc Chandler, Bannockburn Global Forex Managing Director and Chief Market Strategist, discusses his crypto markets analysis and outlook.
Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.
Alibaba's New Chairman Will Be Crypto-Friendly Joseph Tsai
Joe Tsai, one of Alibaba’s founders, has been an active Web3 investor and once tweeted “I like Crypto.”
U.S. Sen. Elizabeth Warren Calls for Shutdown of Crypto Funding for Fentanyl
In a Senate hearing, a top U.S. Treasury official said Chinese drug makers have found crypto payments “appealing,” and Warren cited Elliptic research to back a push for legislation.
Team Behind Offshore Yuan, Hong Kong Dollar Stablecoins Detained by Chinese Police: Report
Earlier this year KuCoin closed a $10 million funding round into CNHC.
