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Crypto markets crashed as Trump reaffirmed 100% tariffs on China, despite admitting they are “unsustainable.” New U.S. tariffs on China sparked renewed global risk aversion, hitting crypto assets hard. On Friday, Oct. 17, Bitcoin fell 5%, adding to a 13%…
BTC
Bitcoin
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The Dow Jones Industrial Average fell nearly 500 points as stocks opened lower on Tuesday, with the market reacting further to mounting trade tensions between the United States and China. The Dow Jones Industrial Average slid roughly 500 points, or…
BTC
Bitcoin
Markets
Bitcoin and Ethereum spot ETFs recorded a combined $755 million in net outflows on Oct. 13, amid renewed trade tensions between the U.S. and China. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded about $326.5 million in…
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China Renaissance bank is reportedly interested in raising about $600 million to establish a Binance coin crypto treasury, with possible financial support from YZi Labs. A recent report by Bloomberg revealed that the Chinese investment bank is planning to establish…
BNB
BNB
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The Hong Kong Legislative Council has published a special bulletin that details the latest developments regarding stablecoins in the region, including renminbi-backed stablecoins. On Oct. 13, the legislative council released a document called the “special report” which consists of major…
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Some $19 billion in liquidated crypto positions marked the most significant single-day purge of leveraged bets in cryptocurrency history.
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On October 10, President Donald Trump said he would impose a “massive increase” in tariffs on Chinese imports. The announcement came after Beijing introduced new restrictions on exports of rare-earth materials critical to technology and defense manufacturing. Trump’s statement reminded…
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Bitcoin dropped sharply, with the price breaking below $119,000 on Friday as stocks and crypto reacted to President Donald Trump’s comments about China. Bitcoin’s price, which had moved to $122,000 as U.S. stocks opened higher, slumped as the equity market…
BTC
Bitcoin
News
Chinese national Zhimin Qian has been convicted of illegally acquiring and possessing 61,000 BTC after five years of allegedly ‘evading justice.’ The woman has been known as the goddess of wealth in China due to her crypto-related schemes. According to…
BTC
Bitcoin
News
Hong Kong financial regulators warn investors to remain cautious of unapproved yuan-backed stablecoins, stating it has not issued any licenses for stablecoin issuers. According to a recent report by the SCMP, the Hong Kong Monetary Authority have cautioned local investors…
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Jiuzi is planning to deploy a billion-dollar corporate treasury mandate into a trio of digital assets, a move guided by new COO Dr. Doug Buerger.
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Wall Street opened higher on Friday, with the major gauges eyeing fresh record highs as President Donald Trump and Xi Jinping held talks over the U.S.-China trade standoff. The Dow Jones Industrial Average jumped 100 points, while the S&P 500…
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China’s Next Technology Holding is seeking to expand its already sizable Bitcoin treasury with a plan to raise up to $500 million through a new stock offering. Next Technology Holding on 15 September, filed with the U.S. Securities and Exchange…
BTC
Bitcoin
News
Chairman of the Hong Kong Institute of Accountants and Financial Reporting, Sun Deji, said that he expects the government to wait a little longer before publishing guidelines on how to audit stablecoins. According to a report by local media Sing…
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China-based fashion company MOGU saw its stock reach above 80% after it announced to investors that it would allocate $20 million to add crypto assets to its balance sheet. Why did the company decide to invest in crypto? According to…
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Ant Digital, the tech arm of Jack Ma’s Ant Group, is tokenizing $8.4 billion worth of energy assets to create a globally accessible green energy market. China’s biggest multinational firm is quietly moving to put energy infrastructure valued at over…
