A stablecoin logo displayed on a smartphone. – McDonnell // Shutterstock If you’ve ever sent money through Western Union, paid with a Visa card while traveling, or waited days for an electronic payment to settle, you’ve already used the systems known as “payment rails” that move money globally between friends, families and businesses. Now, banks…
Hong Kong’s finance chief has promoted the city’s regulatory regime for digital assets as “responsible and sustainable” at the annual World Economic Forum in Davos. Delivering opening remarks at a closed-door workshop on Tuesday, Financial Secretary Paul Chan Mo-po said finance and technology were “mutually reinforcing”, but a balanced approach was needed to support their…
Key Insights: BTC price fell 5%, and in latest Bitcoin news, China’s mining crackdown have fueled concerns. Recent Chinese regulations on Bitcoin mining have affected approximately 400,000 miners, temporarily reducing network hashrate and revenue. The CCP has taken measures that effectively limit Bitcoin and crypto activity in the country. The past few months have been…
The initial public offering (IPO) of HashKey Holdings, operator of Hong Kong’s largest cryptocurrency exchange, lays bare challenges faced by local platforms under Beijing’s watchful eye, even though the listing itself was recognition of the growing influence of digital assets in the city, according to analysts. HashKey, established in Hong Kong in 2018, on Monday…
As we dive into the global week ahead, a compelling question arises from recent market insights: which tail is wagging the market dog? According to CNBC, this metaphor captures the essence of current financial dynamics, where various economic indicators, geopolitical events, and corporate developments vie for influence over stock and cryptocurrency markets. In this analysis,…
Bitcoin is crashing into dangerous territory — and options-fueled selling is adding to the volatility. The largest cryptocurrency dropped as much as 7.6% on Friday to $80,553, deepening a selloff that’s erased nearly 25% of its value this month. November is now shaping up to be Bitcoin’s worst month since the 2022 collapse of Terra…
Police seized 61,000 Bitcoin from Zhimin Qian, 47, as part of a years-long money laundering investigation. The United Kingdom has sentenced a Chinese woman to 11 years and eight months in prison for a years-long scheme to launder investment scam proceeds into Bitcoin, luxury property, and other assets now worth about 4.8 billion British pounds…
China’s cybersecurity agency accused the American government of orchestrating the theft about $13 billion worth of Bitcoin, representing China’s most recent attempt to attribute major cyberattacks to the US. The theft of the 127,272 Bitcoin tokens from the LuBian Bitcoin mining pool that took place in December 2020 marks as one of the largest crypto…
In a breakthrough for global markets, President Donald Trump has secured a far-reaching deal for US-China trade. The agreement with Chinese President Xi Jinping de-escalates tensions between the world’s two largest economies. According to the official White House fact sheet, the agreement includes China’s commitment to suspend new export controls on rare earths and critical…
President Donald Trump holds most of his business assets privately, but an analysis of his official disclosures, property and financial records reveals a hefty sum of money made from cryptocurrency during his presidency. The Trump Organization earned $802 million from crypto during the first half of 2025, according to a Reuters estimate. This overtook the…