Crypto update: US stablecoin law prompts China to accelerate its own plans
China’s stablecoin push is a defensive move against US dollar dominance. The US GENIUS Act is the key trigger for Beijing’s recent policy shift. The experiment will be limited to…
Bitcoin hits $97K as China injects $138B and Fed ramps bond purchases
PBOC cuts rates, trims mortgage costs. Trade talks between US and China scheduled. Markets await FOMC guidance on policy shift. Bitcoin surged past $97,000 on Wednesday before settling above $96,000,…
Crypto news today: Bitcoin surges past $97K as US, China signal trade talk breakthrough
Bitcoin surged ~3% to $97,200 after US and China signaled upcoming trade talks in Switzerland. US Treasury Sec. Bessent & China’s Commerce Ministry confirmed willingness to engage on tariff issues.…
Trump hints at China tariff cut: will Bitcoin price soar past $100K as trade tensions ease?
Trump acknowledged that the existing 145% US tariff on Chinese imports is ‘too high’. Currently, the US and China are locked in a steep tariff battle. Bitcoin and Ethereum have…
FTX claims: Creditors in Russia, China, Ukraine among those temporarily unable to participate
FTX creditors in several countries, China, Russia and Ukraine included, unable to participate in claims. The FTX bankruptcy estate is however said to be evaluating options. The FTX estate has…
Bitcoin’s Price Slides as China Pares Stimulus Plans
Bitcoin’s September rally, where the crypto rose 21%, was driven largely by Chinese stimulus packages. Market players are underwhelmed as the Chinese government’s stimulus plans did not live up to…
Conflux (CFX) soaring after Bank of China announced SIM Card NFC payments
At press time, Conflux (CFX) token was trading at $0.1981, up 10% in the last 24 hours. Conflux Network partnered with China Telecom to develop a Blockchain-powered SIM card (BSIM)…
Binance CEO says “it’s a big deal” after China broadcast crypto on state TV
Binance CEO Changpeng Zhao says China’s state TV crypto broadcast is “a big deal.” He notes that previous coverage has historically been bullish for crypto. His comments come as Bitcoin…
Conflux and China Telecom debut first on-chain interaction with Blockchain SIM card
Toronto, Canada, May 16th, 2023, Chainwire Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM)…