China

Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)
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.
Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)

Chart of the bitcoin price
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 ob...
Chart of the bitcoin price

Sen. Tuberville on Bill to Block Chinese Ownership of American Crypto Companies
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...
Sen. Tuberville on Bill to Block Chinese Ownership of American Crypto Companies

Neil Tan: Hong Kong’s Crypto Push
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 Associati...
Neil Tan: Hong Kong’s Crypto Push

Bitcoin Holds Steady After China Rate Cut
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....
Bitcoin Holds Steady After China Rate Cut

(Pixabay)
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.
(Pixabay)

Alibaba's Joe Tsai (provided)
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.”
Alibaba's Joe Tsai (provided)

Prescription fentanyl (Daniel Tahar/Wikimedia Commons)
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 legisl...
Prescription fentanyl (Daniel Tahar/Wikimedia Commons)

(chinahbzyg/Shutterstock)
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.
(chinahbzyg/Shutterstock)

Bitcoin's price chart (CoinDesk/Highcharts.com)
Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening
"I don't really see a compelling reason to pause rate hikes," Fed's Mester said, validating the recent hawkish repricing of interest rate expectations in the U.S.
Bitcoin's price chart (CoinDesk/Highcharts.com)