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China

(Pixabay)
Markets
Bitcoin
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)
By Omkar Godbole
Jun 20, 2023 at 7:42 a.m. UTC
Jun 20, 2023
BitcoinMarketsChinaPBOC
Alibaba's Joe Tsai (provided)
Finance
Analysis
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)
By Sam Reynolds
Jun 20, 2023 at 6:14 a.m. UTC
Jun 20, 2023
AnalysisAlibabaChinatop news
Prescription fentanyl (Daniel Tahar/Wikimedia Commons)
Policy
Regulations
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)
By Jesse Hamilton
May 31, 2023 at 5:01 p.m. UTC
May 31, 2023
RegulationsChinaFentanylBitcoinDrugsSenate Banking CommitteeLegislation
(chinahbzyg/Shutterstock)
Policy
Regulation
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)
By Camomile Shumba
May 31, 2023 at 11:50 a.m. UTC
May 31, 2023
RegulationStablecoinShanghaiChinaPolice
Bitcoin's price chart (CoinDesk/Highcharts.com)
Markets
Bitcoin
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)
By Omkar Godbole
May 31, 2023 at 7:26 a.m. UTC
May 31, 2023
BitcoinMarketsFedChina
Sam Altman's Crypto Project Worldcoin Gains Some Traction in China
Video
China
Sam Altman's Crypto Project Worldcoin Gains Some Traction in China
Worldcoin, a crypto project by OpenAI CEO Sam Altman has gained some traction in China, with users rushing to source know-your-customer (KYC) verifications on the black market...
Sam Altman's Crypto Project Worldcoin Gains Some Traction in China
By CoinDesk Staff
May 26, 2023 at 2:17 p.m. UTC
May 26, 2023
ChinacdtvFM ClipSam AltmanworldcoinOpenai
Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers
Video
China
Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers
Law enforcement around the world has long pointed to China as being a source of deadly fentanyl as well as the precursors used to manufacture it. New research from both Chaina...
Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers
By CoinDesk Staff
May 24, 2023 at 5:10 p.m. UTC
May 24, 2023
ChinaChainalysiscdtvEllipticHash clipFentanyl
(Pixabay)
Policy
Analysis
Black Market for Worldcoin Credentials Pops Up in China
The startup is looking to create a global blockchain-based identification system using iris scans.
(Pixabay)
By Eliza GkritsiLingling Xiang
May 24, 2023 at 3:23 p.m. UTC
May 24, 2023
AnalysisChinaworldcoinSocial Media
Shanghai (Getty Images)
Finance
China
Layer 1 Blockchain Tenet Partners With Conflux and Qtum for More Exposure in China
The partnerships are aimed at increasing the liquid staking industry’s presence in Chinese markets.
Shanghai (Getty Images)
By Sage D. Young
May 24, 2023 at 1:30 p.m. UTC
May 24, 2023
ChinaLiquid stakingAsian marketsConfluxQtum
China's Top Prosecution Agency Says NFTs Have Crypto-Like Attributes
Video
China
China's Top Prosecution Agency Says NFTs Have Crypto-Like Attributes
China's highest national agency responsible for legal prosecution has warned non-fungible token (NFT) digital collections share "the attributes of virtual assets," which are b...
China's Top Prosecution Agency Says NFTs Have Crypto-Like Attributes
By CoinDesk Staff
May 18, 2023 at 3:22 p.m. UTC
May 18, 2023
ChinacdtvNFTFM Clip