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Conflux Launches Offshore Yuan-Backed Stablecoin for Countries in China’s Belt and Road Initiative
22.7.2025
Conflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network upgrade event in Shanghai. This stablecoin, pegged 1:1 to the offshore Chinese yuan, aims to facilitate cross-border payments, particularly for countries involved...
China’s US Treasury Holdings Fell to Lowest Level Since 2009 in May
21.7.2025
According to data released by the U.S. Treasury, China has sold off more of its U.S. Treasury holdings, bringing its current total to $756.3 billion, the lowest level since March 2009. While some may not consider this significant, it marks the third consecutive month of declines, signaling a...
Why FTX ruling on China payouts matters: Global precedent at stake
18.7.2025
A US bankruptcy court is set to decide whether to block creditor payouts to certain countries after receiving at least 40 objections from creditors in China, Saudi Arabia and more
Why FTX ruling on China payouts matters: Global precedent at stake
18.7.2025
A US bankruptcy court is set to decide whether to block creditor payouts to certain countries after receiving nearly 70 objections from creditors in China, Saudi Arabia and more
Why FTX ruling on China payouts matters: Global precedent at stake
18.7.2025
A US bankruptcy court is set to decide whether to block creditor payouts to certain countries after receiving nearly 70 objections from creditors in China, Saudi Arabia and more
Why FTX ruling on China payouts matters: Global precedent at stake
18.7.2025
A US bankruptcy court is set to decide whether to block creditor payouts to certain countries after receiving nearly 70 objections from creditors in China, Saudi Arabia and more
China Merchants Bank Arm Wins Crypto Licence in Hong Kong
17.7.2025
China Merchants Bank’s CMB International Securities has reportedly become the first mainland China-affiliated brokerage to secure a virtual asset licence from Hong Kong’s Securities and Futures Commission. This approval enables CMBI to legally offer cryptocurrency trading, custodial support...
Persona 5 Gacha Players Review Bomb The Game After Accelerated Schedule Comes With Worse Rewards
15.7.2025
When it was announced that Persona 5: The Phantom X would be accelerating its story content rollout for the West to catch up to China, which has had the game for over a year, players were wary. As a gacha game with timed events and currency, The Phantom X is a game in which narrative developments...
Q3 Bitcoin Mining Map Exposes Silent Surge in Russia, China, While US Dips Slightly
12.7.2025
As the second quarter of 2025 wound down, the U.S. held onto its top spot for the highest share of Bitcoin hashrate—though it slipped slightly, down just 0.60% since May 27. Meanwhile, turning over into Q3, Russia turned up the dial, posting a 6.12% jump in its share since that same date in May....
Shanghai officials warm to stablecoins despite China crypto ban: Report
11.7.2025
Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins
Shanghai officials warm to stablecoins despite China crypto ban: Report
11.7.2025
Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins
Shanghai officials warm to stablecoins despite China crypto ban: Report
11.7.2025
Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins
Shanghai officials warm to stablecoins despite China crypto ban: Report
11.7.2025
Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins
Jack Ma-Backed Ant Group to Integrate Circle’s USDC Stablecoin, Report Says
11.7.2025
Chinese fintech giant Ant Group is reportedly partnering with Circle Internet Group to integrate its USDC stablecoin into Ant’s blockchain platform. A Strategic Move Amid China’s Stablecoin Push Chinese fintech firm Ant Group is reportedly collaborating with global digital asset...
Which countries secretly own the most Bitcoin — beyond the US and China
8.7.2025
In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves
Which countries secretly own the most Bitcoin — beyond the US and China
8.7.2025
In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves
Which countries secretly own the most Bitcoin — beyond the US and China
8.7.2025
In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves
Over 40 Firms Prepping for Hong Kong Stablecoin License Applications: Report
8.7.2025
The number of approved applications is expected to be small, according to reports from China media
Chinese Task Force Flags Illegal Stablecoin Schemes Amid Growing Interest
7.7.2025
A Chinese task force has issued a warning to Shenzhen residents about fraudulent investment schemes targeting stablecoins. Growing Stablecoin Popularity A Chinese task force created to combat illicit financial activities has warned Shenzhen residents to be wary of fraudulent investment projects...
Digital Currency Showdown: Chinese Tech Giants Plot Yuan Stablecoin Strike Against the Dollar
4.7.2025
Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of the Digital Economy Chinese tech giants JD.com and Ant Group are reportedly urging...