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Category China News

Beijing Pulls the Plug: Ant and JD Halt Hong Kong Stablecoins

Beijing Pulls the Plug: Ant and JD Halt Hong Kong Stablecoins

China’s largest technology firms, including Ant Group and JD.COM, have reportedly suspended their stablecoin projects in Hong Kong after facing con...
Bulls Flock to BNB As Chinese Bank Mulls $600 Million Investment in the Binance Token

Bulls Flock to BNB As Chinese Bank Mulls $600 Million Investment in the Binance Token

China Renaissance Holdings Ltd is seeking to raise roughly $600 million to establish a digital-asset treasury centered on BNB. Meanwhile, based on ...
Crypto Market Sinks $125 Billion After Trump’s New China Tariff Threat – What’s Next?

Crypto Market Sinks $125 Billion After Trump’s New China Tariff Threat – What’s Next?

The global crypto market lost nearly $125 billion in value within hours on Friday after US President Donald Trump announced plans for a “massive” i...
Is China Gearing Up for a New Stablecoin Race?

Is China Gearing Up for a New Stablecoin Race?

Reports suggest that the Chinese government might support using yuan-pegged stablecoins for cross-border trade and to compete with the US for monet...
Shanghai Opens Digital Yuan Center to Expand Cross-Border Payment Systems

Shanghai Opens Digital Yuan Center to Expand Cross-Border Payment Systems

China has opened a digital yuan operations center in Shanghai, advancing its central bank digital currency strategy. The hub will manage cross-bord...