Tag: China

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Stablecoin News

China’s JD.com Signals Entry into the Stablecoin Market by Registering Jcoin and Joycoin Entities

JD.com, China's retail giant, took a giant step towards joining the digital currency space with the registration of two new entities, Jcoin and Joycoin,...
Crypto News

China’s Kuaishou Employees Sentenced for $20 Million Embezzlement and Crypto Laundering

A Beijing court in Haidian District handed down prison terms to eight former employees of Kuaishou, China’s second-largest short video platform, after they stole...
Crypto News

Chinese FTX Creditor Files $15M Objection Against Restricted-Jurisdiction Payout Ban

Weiwei Ji, a Chinese creditor of FTX, filed an objection in the Delaware Bankruptcy Court this week over a motion that could block payouts...
Crypto News

FTX Bankruptcy Case Sees $470 Million in Judicially Restricted Claims With Chinese Holders Accounting for 80%

The FTX bankruptcy case continues to unfold with new updates from creditor representative Sunil, who shared significant developments regarding the distribution of claims.  According to...
Crypto News

FTX Recovery Trust Cautions That Legal Barriers May Prevent Disbursement of Funds to Users In China and Russia

The FTX Recovery Trust has issued a formal motion to the court seeking approval to adopt new procedures. They aim at facilitating the distribution...
Crypto News

China’s Guoxiong Capital Announces Strategic Entry Into Web3 And Crypto Asset Investment With $27.9 Million Budget

Guoxiong Capital Co., Ltd., a private equity firm based in Qingdao, China, has formally announced its strategic entry into the Web3.0 and cryptocurrency space...
Bitcoin News

President Trump Says Bitcoin and Crypto Are More Important Than Any Industry & Says “China Will Dominate If the U.S. Slacks”

In a bold public statement, President Donald Trump declared that Bitcoin and the broader cryptocurrency sector are “much more important than any other industry”...
Crypto News

Chinese Broker GF Securities Teams With HashKey To Offer Tokenized USD, HKD & Yuan Securities

GF Securities (Hong Kong) has teamed up with HashKey to roll out tokenised securities in U.S. dollars, Hong Kong dollars, and offshore yuan.  The move...
Crypto News

China Renaissance Capital Adds New Independent Board Member Amid $100M Allocation Toward Crypto Investments

China Renaissance Capital Holdings Limited (HKEX: 1911), a prominent financial services and investment group, has announced key leadership changes alongside a major strategic shift...
Predictions

Shanghai Court Declares Cryptocurrency Ownership Legal In China Amid Growing Global Acceptance

In a landmark opinion, the Shanghai Songjiang People’s Court has clarified that individuals in China are legally permitted to own cryptocurrencies, despite stringent bans...
Bitcoin News

China’s $1.4 Trillion Debt Package Could Fuel Bitcoin Price Surge Amid Global Liquidity Boost

China unveiled a large-scale debt package worth about 10 trillion yuan ($1.4 trillion) to ease local government financing pressure and support its sluggish economy,...
Crypto News

Chinese Woman Pleads Not Guilty In One Of The Largest Crypto Seizures Case

Authorities worldwide have ramped up efforts to tackle illegal crypto operations, and recent high-profile cases illustrate the growing sophistication of these crimes. The following...
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