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China

Bitcoin Nashville attendees queued up early on Saturday to get into the conference venue, Music City Center, ahead of former President Donald Trump's speech (Bradley Keoun/CoinDesk)
Markets
Trump
Polymarket Whales Favor Trump as Election Betting Surges Past $400M
Traders also are skeptical about China 'unbanning' bitcoin
Bitcoin Nashville attendees queued up early on Saturday to get into the conference venue, Music City Center, ahead of former President Donald Trump's speech (Bradley Keoun/CoinDesk)
By Sam Reynolds
Jul 29, 2024 at 2:17 p.m. UTC
Jul 29, 2024
TrumpbidenKamala HarrisPolymarketChinaCoinbaseElection 2024
(Moerschy/Pixabay)
Markets
Bitcoin
Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens
China's back-to-back interest-rate cuts signal urgency to shore up growth after the recent Communist party plenum offered little support to the nation's flagging economy.
(Moerschy/Pixabay)
By Omkar Godbole
Jul 25, 2024 at 11:06 a.m. UTC
Jul 25, 2024
BitcoinMarketsTradingChinaBondsInterest Rates
(chinahbzyg/Shutterstock)
Finance
Bitforex
BitForex to Open for Withdrawals Following Chinese Police Investigation
The exchange has been offline since February.
(chinahbzyg/Shutterstock)
By Oliver Knight
Jul 19, 2024 at 3:57 p.m. UTC
Jul 19, 2024
BitforexPoliceChinaExchanges
U.S. authorities have warned about Mexican cartels using crypto to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Mexican Cartels Using BTC, ETH, USDT, Other Tokens to Buy Fentanyl Ingredients: U.S.
The financial-crimes arm of the U.S. Treasury Department has flagged the increased use of several crypto assets to support Mexican drug trafficking
U.S. authorities have warned about Mexican cartels using crypto to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Jun 20, 2024 at 5:08 p.m. UTC
Jun 20, 2024
RegulationsFentanylMexicoChinaU.S. Treasury DepartmentFinancial Crimes Enforcement Networkdrug trafficking
Hong Kong harbor skyline view into Kowloon
Policy
Regulations
Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.
Hong Kong harbor skyline view into Kowloon
By Camomile Shumba
May 17, 2024 at 12:13 p.m. UTC
May 17, 2024
RegulationsHong KongChinaDigital Yuan
Chinese-owned MineOne is said to have built a crypto mining operation within a mile of a U.S. missile base. (Warren Air Force Base)
Policy
Regulations
U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base
President Biden ordered a halt to the MineOne operation near Warren Air Force Base, citing Chinese ownership, foreign technology and proximity to a strategic missile base.
Chinese-owned MineOne is said to have built a crypto mining operation within a mile of a U.S. missile base. (Warren Air Force Base)
By Jesse Hamilton
May 13, 2024 at 9:02 p.m. UTC
May 13, 2024
Regulationsnational securityCrypto MiningChina
China digital yuan (Eliza Gkritsi/CoinDesk)
Policy
Digital yuan
China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report
Most early users immediately transfer the digital yuan balances to their bank accounts to spend as cash.
China digital yuan (Eliza Gkritsi/CoinDesk)
By Jamie Crawley
May 13, 2024 at 3:22 p.m. UTC
May 13, 2024
Digital Yuane-CNYChinaCBDC
(chinahbzyg/Shutterstock)
Policy
Crime
Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report
Police in Panshi City, Jilin arrested six people for running an "underground bank."
(chinahbzyg/Shutterstock)
By Sheldon Reback
May 13, 2024 at 10:50 a.m. UTC
May 13, 2024
CrimeChinaFinancial ServicesForexSouth Koreacross border transactions
Combined market cap of USDT, USDC, DAI with BTC's price and total crypto market cap. (TradingView/CoinDesk)
Markets
Bitcoin
Stablecoin Expansion Stalls Ahead of U.S. Inflation Data
Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.
Combined market cap of USDT, USDC, DAI with BTC's price and total crypto market cap. (TradingView/CoinDesk)
By Omkar Godbole
May 13, 2024 at 10:48 a.m. UTC
May 13, 2024
BitcoinMarketsChinaStablecoins
China renminbi bills (Moerschy/Pixabay)
Policy
Regulations
Ex-Head of China's Digital Yuan Effort Facing Government Probe: Report
Yao Qian is reportedly being investigated for "violations of discipline and law."
China renminbi bills (Moerschy/Pixabay)
By Sandali Handagama
Apr 26, 2024 at 9:11 a.m. UTC
Apr 26, 2024
RegulationsChinaDigital YuanCBDC