Authorities in the Chinese city of Shenzhen have warned residents about fraudulent investment schemes tied to digital assets and stablecoins. In a statement published on July 7, the city’s Office of the Municipal Task Force for Preventing and Combating Illegal Financial Activities cautioned against deceptive platforms posing as legitimate crypto investment opportunities. According to the […]
The post Shenzhen warns citizens of investment scams using stablecoins appeared first on CryptoSlate.
Mainland China chipmaking capacity is accelerating, now poised to become the world’s leading semiconductor foundry hub by 2030, and overtaking Taiwan in total capacity, according to the latest projections from Yole Group. Chinese dominance in this field is fueled by the country’s push to manufacture its own tech as U.S. export restrictions continue to ramp […]
The post Mainland China chipmaking capacity set to outpace Taiwan by 2030 appeared first on CryptoSlate.
The Shenzhen, China-based company's board approved an initiative to convert up to 20% its cash and cash equivalents into bitcoin and other digital assets
China’s top three Bitcoin mining rig manufacturers, Bitmain, Canaan, and MicroBT, are reportedly shifting parts of their production to the United States, Reuters reported on June 18. The move comes as a response to intensifying trade tensions triggered by President Donald Trump’s renewed tariff policies. These tariffs, aimed at reducing US reliance on foreign technology, […]
The post Chinese Bitcoin mining giants move production to US amid tariff tensions appeared first on CryptoSlate.
The deal facilitates stablecoin payments across LianLian’s network of merchants in over 100 countries.
The crypto market wobbled after Trump accused China of violating a tariff truce.
The China-based company says it aims to integrate XRP payments into its global chauffeur network.
Tariff reversal fuels bond sell-off as U.S.-China tensions escalate across tech and education sectors.
The Bitcoin price and the entire crypto and stock market have been operating at the mercy of the tariff wars ignited by US President Donald Trump after being sworn into office. The initial wave of tariff increases on countries such as China triggered massive crashes across financial markets, plunging the Bitcoin price below $80,000. However, the tariff wars are nearing their end with the latest announcement from the White House regarding trade between the United States and China. White House Announces Reduction Of China Tariffs In April 2025, US President Donald Trump had announced a drastic increase of tariffs on Chinese goods to a high 145%, with over 180 countries also seeing tariff increases. This triggered a wave of panic and retaliation, triggering what is now known as the ‘tariff wars.’ As discussions progressed, another announcement in April revealed a 90-day pause on tariffs for other countries, with the exception of China. Related Reading: XRP Price Surge To $10: Analyst Reveals Factors That Will Make It Happen In 2025 While China was yet to exempt, the 90-day pause did have a positive effect on the market as the Bitcoin price recovered, taking the crypto market up with it. Since then, the Bitcoin price has since recovered above $100,000, as well as the stock market seeing multiple green days. Trade talks have since been ongoing between China and the United States and there has been a stopgap put in place for now. In a statement on the White House website, it was announced that both the Chinese and United States government at the US-China Economic and Trade Meeting in Geneva had agreed to modify their respective applications and implement a suspension of 24 percentage points of tariffs. This agreement is expected to be in place for an initial period of 90 days, giving both parties time for more discussions toward a resolution. The statement read that this was done in “the spirit of mutual opening, continued communication, cooperation, and mutual respect.” Why The Bitcoin Price Could Explode Currently, the rally of the Bitcoin price is being driven by the positive news surrounding the tariffs. So, it is expected that more positive news will continue to drive up the price. The agreement between the US and China states that both countries should have implemented the tariff reduction by May 14, 2025. With only a day left, this deadline could trigger another rally. Related Reading: Dogecoin Price Gearing Up For Major Explosive Rally – Why $1 Is Still In The Cards As the news of the suspension begins to make the rounds, it signals no negative news coming out regarding tariffs for the next three months at least. This gives time and most importantly, confidence in risk assets such as Bitcoin for investors looking for gains. With the return of investors into the risk market, the Bitcoin price could quickly cross $110,000 as early as Wednesday. Featured image from Dall.E, chart from TradingView.com
Wednesday's crypto rally stalled as Bessent reiterated the difficulties in making a deal with China.
Analysts argued that overheating funding rates and flying open interest may cause a bitcoin pullback or a crypto market correction.
China has added five tonnes of gold to its reserves in under a month as part of an increasing aggressive purchase of the precious metal. Bitcoin continues to stand firm above the $87,000 level despite recent market fluctuations. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says PBOC Gold Accumulation Up As Bitcoin Price Soars According to the Kobeissi Letter in posting messages on X, the People’s Bank of China has been abruptly accumulating gold. It has acquired five tonnes over the last month. This has taken place amid uncertainty in global markets from the rift caused by persistent tensions in trade along US-China fronts. Bitcoin traders seem to witness this, as the price of the crypto holds strong at $87,280, with scanty negative macronews in the background. Merely four days ago, cryptocurrencies fell back after US President Donald Trump proclaimed a 245% import tax on Chinese items. The quick recovery has surprised many market observers. BREAKING: China’s central bank increased its gold holdings by 5 tonnes in March, posting their 5th consecutive monthly purchase. This brings total China’s gold reserves to a record 2,292 tonnes. Chinese gold holdings now reflect 6.5% of its total official reserve assets.… pic.twitter.com/LuwiBvnirn — The Kobeissi Letter (@KobeissiLetter) April 20, 2025 Whale Wallets Indicate Growing Appetite For Bitcoin Statistics by Glassnode indicate a steep increase in addresses containing over 1,000 Bitcoin. More than 60 new “whale” wallets have entered the market since early March. The number of such large Bitcoin addresses has increased from 2,030 in late February to 2,100 as of April 15, which is the highest in four months. The boost indicates large investors are purchasing more Bitcoin despite changing market conditions. Others say the strength of Bitcoin lies in its increased popularity as an inflation hedge, akin to gold. This theory has become more widely accepted as China seems to be steering away from US dollar-denominated assets. Gold Prices Hit New Records As Trade Tensions Mount Prices of gold have surged to $3,401, up by close to $100 over only a week. The rise comes as institutions, dominated by China, raise their gold stockpiles. The ongoing tariff war between the US and China has driven investors towards traditional safe-haven assets. Bitcoin is also seen to be gaining from this same trend, with some investors seeing it as a contemporary option for gold in times of uncertainty. Mixed Signals From ETF Flows And Market Analysts Not everything is rosy for Bitcoin. Reports disclose that nearly $5 billion has exited Bitcoin ETFs since their aggregate flow hit all-time highs. In spite of this outflow, Bitcoin’s price has remained extremely stable. Related Reading: Whales Swallowing Bitcoin Fast — Will This Push BTC Price Up? There are also contradictory reports regarding China’s position on Bitcoin. While there are rumors that China may be accumulating a Strategic Bitcoin Reserve, other reports say the nation sold 15,000 BTC on offshore exchanges. The cryptocurrency’s ability to maintain its price despite these mixed signals has caught the attention of traders worldwide. As US-China economic tensions continue, investors are watching both gold and Bitcoin as potential safe havens in an increasingly unstable global market. Featured image from GEPL Capital, chart from TradingView
China is considering introducing a nationwide policy to govern the handling of cryptocurrencies seized from criminal activities, Reuters reported on April 16. According to the report, Chinese authorities have seized a growing number of digital assets related to illicit activities such as fraud and money laundering. However, the absence of clear guidelines has led to […]
The post China debates $50B in seized crypto policy shift, urged to create national reserve appeared first on CryptoSlate.
Analysts expect occasional market dips to occur until tariff tensions ease. Coin Bureau's founder said a slight bitcoin dip may be "healthy."
Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme. Early reports from local media outlets placed total investor losses at ₦1.3 trillion (approximately $800 million), with the funds allegedly sitting in a Tron wallet believed to be associated with CBEX. However, CryptoSlate’s analysis suggests […]
The post Nigerian investors blindsided by massive CBEX Ponzi scheme appeared first on CryptoSlate.
The digital asset market faced another challenging week, with $795 million in outflows recorded across crypto investment products, according to CoinShares‘ latest weekly report. This marks the third consecutive week of declines, underlining growing caution among investors navigating global economic headwinds. The ongoing streak of negative sentiment has pushed total outflows since early February to $7.2 billion. […]
The post Investors pull $795 million from crypto ETPs, XRP continues to buck trend with inflows appeared first on CryptoSlate.
Market observers remained fixex on tariffs and Fed policy decision despite March inflation data cushioning bitcoin and crypto prices on Friday.
Ongoing U.S.-China tension and bond market weakness may ultimately overshadow March inflation data, analysts argued.
Rising geopolitical tensions and the Donald Trump administration’s tariffs are pushing nations to reconsider their dependence on the US financial system. A new report from investment management firm VanEck highlights how the US weaponization of trade and financial infrastructure drives increased interest in neutral payment systems. Once viewed as theoretical, these settlement rails are now […]
The post China and Russia embrace Bitcoin for trade as US financial influence comes under scrutiny appeared first on CryptoSlate.
Bitcoin and equities surged as President Trump increased tariffs on China and paused duties on other countries for 90 days.
Chinese goods will be subject to 104% additional tariffs beginning at midnight, the White House said.
Bitcoin could emerge as a major winner from the intensifying trade conflict between the United States and China. Arthur Hayes, co-founder of BitMEX, believes aggressive monetary policy responses, particularly currency devaluations, could trigger increased Bitcoin adoption. In an April 8 post on X, Hayes suggested that devaluing the Chinese Yuan (CNY) might trigger renewed interest […]
The post Bitcoin may spike with China yuan devaluation amid trade conflict with US appeared first on CryptoSlate.
One of the most volatile trading sessions since March 2020 exposed deep cracks in the global financial system—foreign selling of U.S. Treasury notes is questioned.
Analysts suggest the yuan's depreciation may lead to capital flight into bitcoin.
Beijing is considering advancing monetary stimulus to mitigate the effects of President Trump's tariffs on the Chinese economy.
China announced retaliatory tariffs on all goods, worsening risk sentiment during European hours.
Eased policy in China — and signs of this are emerging — could significantly boost bitcoin adoption
The Chinese government is considering integrating blockchain to enhance the security of its credit information systems, according to a report from STCN. The move is part of a broader effort by the National Development and Reform Commission (NDRC) to apply emerging technologies in improving data-sharing practices and safeguarding sensitive information. Li Chunlin, Deputy Director of […]
The post China explores blockchain to safeguard citizen data and enhance credit system integrity appeared first on CryptoSlate.
China has raised concerns about the growing dominance of US dollar-backed stablecoins in global finance. A senior economist from one of the country’s research bodies has warned that their unchecked rise could further solidify the United States control over the international monetary system. Dollar-backed stablecoins raise concerns According to Zhang Ming, deputy director at the […]
The post China calls for digital yuan expansion amid US stablecoin dominance concerns appeared first on CryptoSlate.
The Hermit Kingdom, which intelligence agencies say was behind the $1.5 billion Bybit hack, faces “offramping” challenges due to the size of its hauls.